WINDHOEK – The mining industry continues to be a significant driver of domestic economic growth to the extent that during the last four years over N$32 billion has been invested in new mines and reinvestments.
WINDHOEK – The much-awaited operationalisation of the Namibia Revenue Agency (Namra) continued to gain momentum yesterday. With the announcement of its Board of Directors before the semi-autonomous agency, it is scheduled to commence at the beginning of March 2019. Namra was established at the end of 2017 with the promulgation of the Namibia Revenue Agency Act after Cabinet approval in 2013, and will replace the current Inland Revenue Department in the Ministry of Finance.
WINDHOEK – The Public Private Partnership (PPP) Committee, which will play a central role in the monitoring, evaluation, and implementation of PPPs, was yesterday announced by Finance Minister, Calle Schlettwein. Economic analysts believe that PPPs could provide amicable solutions to infrastructure development and economic growth in the domestic economy that is struggling to rebound from a recession. The main purpose of PPPs is to leverage private capital for national infrastructure developments.
.jpg)
WINDHOEK – The Ministry of Mines and Energy expects the Rössing Uranium Mine to continue operating under its existing and planned programs until otherwise informed by the board of directors or management of Rössing Uranium Limited.
.jpg)
WINDHOEK - The fuel price will go down by one dollar per litre for petrol and 40 cents per litre for diesel on December 05, 2018, bringing some much-needed relief to Namibian consumers who are reeling from slow economic recovery and increasing inflation.
WINDHOEK – Minister of Mines and Energy, Tom Alweendo, is concerned about recent job losses within the mining sector and has called on Namibian mining executives to brainstorm on how to retain employment for Namibians as well as to create prospects for unemployed graduates to benefit from the country’s extractive resources. Alweendo expressed his concern during a briefing with mining industry executives in Windhoek yesterday.
WINDHOEK – Epangelo Mining, the State-owned mining company established in 2008 to occupy a significant position in major commodity businesses, inclusive of uranium, has confirmed that while it was not offered a first-right of refusal for the Rio Tinto shares in Rössing Uranium, because it is not a direct shareholder in the mine, it is in fact interested in increasing government’s three percent stake in Rössing Uranium. CEO of Epangelo Mining, Eliphas Hawala, yesterday explained to New Era that only the government is entitled to receive a first right to refusal offer because government is a direct shareholder in the mine.
WINDHOEK – The International Air Transport Association (IATA) yesterday commended African governments for their cooperation but has called for closer collaboration, particularly in the fields of safety and environmental sustainability.