NAMIBIA is falling behind in its readiness to enter a burgeoning oil and gas sector, according to Finance and Public Enterprises Minister, Iipumbu Shiimi, who says the country must adequately prepare to fully reap the benefits of a lucrative hydrocarbon industry.
CORRUPTION in the oil and gas business is a critical issue that affects many resource-rich countries.
Namibia intends to improve air connections to and from the country. This came to light yesterday, when the Namibia Airport Company (NAC) unveiled an initiative named ‘Air Connect Namibia’.
Telecom Namibia’s low profitability, constrained cash flows and overworked network infrastructure prompted the company to seek a major cash injection.
Higher education minister Itah Kandjii-Murangi has cautioned that the tertiary education sector is bound to face an exponential increase in the number of students seeking placement, as well as those seeking financial support.
POPULAR Democratic Movement (PDM) parliamentarian and shadow finance minister, Nico Smit last week said despite the 2024/25 national budget being impressive, the additional liquidity has not been properly channelled.
THE dominance of foreign investors in the mining sector might result in a loss of state revenue due to active tax planning by multinational enterprises.
Asignificant portion of Namibia’s debt portfolio is due during the next three years.
Namibia’s first large-scale vertically-integrated green hydrogen project is progressing well, said Green Hydrogen commissioner James Mnyupe.
NANGULA Uaandja, the CEO of the Namibia Investment Promotion and Development Board, says the 2024/25 budget represents a pivotal move in sculpting a thriving Namibian economy and reaffirming the government’s commitment to inclusive prosperity.