Author: Edgar Brandt (Edgar Brandt )

This year’s exceptional rainy season experienced in most parts of Namibia has been a blessing for farmers, but also caused severe damage to many national and urban roads.  The Roads Authority (RA) will need approximately N$400 million to repair these damaged roads after weeks of continuous heavy rains across the country.  RA spokesperson Hileni Fillemon...

The international gold price reached a record high of US$3500 per ounce yesterday before retreating to around US$3400 per ounce.  Thus far, gold is one of the major commodity winners as it has risen above 31% this year.  This jump in the gold price is good news for Namibian gold miners such as the QKR...

When the recently- tabled national budget is unpacked, it emerges that only 12% of the allocated funding directly goes into building the roads, schools, hospitals, water, electricity and rural infrastructure. These are items that Namibians need most, said Swapo parliamentarian Fenny Nanyeni.  She urged that Namibia should ensure its borrowing decisions directly support capital formation,...

Canadian oil and gas explorer Reconnaissance Energy Africa (ReconAfrica) has provided a drilling update on what the company’s leadership calls its largest and most attractive well, known as Prospect I.   Prospect I is located onshore Namibia in Petroleum Exploration Licence 073.  It is ReconAfrica’s largest prospect to be drilled so far.  With this exploration...

In recent years, financial inclusion has taken centre-stage as a key driver of economic growth, poverty reduction and prosperity.  In this regard, deposit insurance schemes are among the key vehicles through which financial inclusion is enhanced.  This was the sentiment expressed last week by Michael Humavindu, executive director in the finance ministry, at release of...