Author: Maihapa Ndjavera (Maihapa Ndjavera )

Bank of Namibia deputy governor Ebson Uanguta yesterday assumed duty as the interim managing director of the National Petroleum Corporation of Namibia (Namcor) for the next six months.

With the successful contracting of pilot projects and the impending disbursement of cash this year, Namibia’s green hydrogen journey continues to take on momentum. 

Insufficient rainfall during the 2022-2023 cropping season is primarily to blame for the decline in local crop production in the third quarter of 2023 - both year-on-year and quarter-on-quarter.

President Hage Geingob says Namibia anticipates specific results from the extensive offshore oil drilling this year. With its many mineral offerings, the country has been of interest to the mining sector and the world at large. 

​​​​​​​Namibia finally ratified the European Union (EU)’s new 20-year collaboration accord last month, delineating the structure of EU relations with African, Caribbean and Pacific (ACP) nations. 

One of the latest and biggest satellite systems in the world, Starlink, has expressed interest in commencing operations in Namibia by next year. Starlink uses a low earth orbit to deliver broadband internet capabilities, and the business is already active in a few African nations.

Namibia is in the process of creating a single importation point, where all the country’s import needs will be centred.

Namibia is among a handful of African countries that have successfully developed and implemented a trade verification system (TVS) to monitor cross-border financial transactions relating to the importation and exportation of goods. 

Namibia is set to expand its power storage capacity in the energy sector with the introduction of the first-ever Omburu battery energy storage system (BESS).

No nation is being coerced by the European Union (EU) to ratify a new 20-year partnership pact.