National Planning Commission director general Obeth Kandjoze is perplexed by the International Monetary Fund’s (IMF) recommendation to make all oil and gas deals public. The IMF’s recommendations were made amidst rampant corruption in some African oil and gas countries. The IMF request, he said, undermines good governance. “All of us globally must act and do...
While hunger continues its grip on Namibia, coupled with devastating droughts, the situation is projected to exacerbate. New forecasts indicate that more people will experience food insecurity in the coming months. About half of the Namibian population (48%) studied, results show that almost 1.4 million people will suffer from food insecurity from July to September...
President Mokgweetsi Masisi of Botswana has called for urgent action to address pending matters to speed up the implementation of the Trans-Kalahari Railway line link. During a three-day state visit to Namibia last week, he said the project must be fast-tracked as both countries are losing on its potential of the project. “It is imperative that...
Despite a strong negative perception from the public and lawmakers to toll roads as a revenue-generating option to maintain the national road network, the Road Fund Administration remains adamant that tolling is the answer. The alternative, the RFA cautions, would be a rapid deterioration of the national road infrastructure. “The country’s infrastructure is ageing, and...
Maihapa Ndjavera & Edgar Brandt Responding to a massive public outcry on the persistent increase in electricity tariffs, government finally lent an ear and provided millions to ease the cost of living for struggling Namibians. While this subsidisation has been welcomed, some are, however, questioning its sustainability, questioning what the long-term solution for skyrocketing living...
Namibian authorities find themselves between a rock and hard place. While they face a data gap dilemma to decide whether to proceed with uranium mining in the Stampriet Transboundary Aquifer System (STAS), drilling to obtain the requisite data has been put on ice. It is a catch-22 situation, if information contained in a recent report,...
Finance minister Iipumbu Shiimi said Namibians should rest assured that Namibia being greylisted now will not have any effect on the new industries. “The confidence shown by investors in support for green energy initiatives in Namibia, one of the leading countries championing green hydrogen, is expected to continue. Countries that have been placed on the...
Public enterprises must position themselves strategically, as they are an important component for the realisation of emerging industries such as oil, gas and the much-talked-about green hydrogen. This is because PEs are equipped with the necessary resources to ensure the success of the initiatives. These sentiments were ventilated yesterday by Martha Domingos, director of legal...
President Nangolo Mbumba says Namibians should step up their game and acquire the essential skills to contribute to the development of the oil and gas sector. He believes that in the absence of local participation, the population will struggle to get a fair share of resources. “You are holding the value and wealth of the...
The Financial Intelligence Centre has had a hand in chanelling billions of dollars into State coffers over the years, as recently revenue collection in Namibia has consistently exceeded collection targets. The Financial Intelligence Centre (FIC) is tasked to serve as a regulator and supervisor of anti-money laundering and combating the financing of terrorism and proliferation...