MARIENTAL – An ambitious solar energy project proposed by MarieSol Energy in Mariental is on ice, facing significant political and legal challenges that threaten its realisation. Initially launched in December 2019, the project aims to supply 30% of the municipality’s electricity needs through renewable energy sources. On 9 December 2019, Paul Nghiwilepo, CEO of the...
Government is strategically positioning itself to become a leader in the burgeoning global green hydrogen economy. To support the necessary infrastructure for this sector, government is exploring a variety of innovative financing tools, including donor funding and concessionary capital. The latter, however, comes with a cautionary note that it will increase the already-skyrocketing national debt...
Residents of Opuwo in the Kunene region are grappling with a devastating crisis of termite infestations in their homes. The houses in question are among the 29 residences allocated by the National Housing Enterprise (NHE) in 2017. Recently, one family experienced a terrifying moment when their sitting room ceiling collapsed while they were inside, highlighting the urgent...
LÜDERITZ –Head of Environmental, Social and Governance (ESG) at the Namibia Green Hydrogen Programme Eline van der Linden said the initiative does not rely on government funds. “People have been asking ‘where are these people getting money’, or ‘are they taking all these risks in this new sector with government money?’ No, we are not...
MARIENTAL – As tensions rise ahead of Namibia’s upcoming elections, Popular Democratic Movement (PDM) leader McHenry Venaani has voiced concern about its credibility during a rally in Mariental on Sunday. He criticised the Electoral Commission of Namibia (ECN) for awarding a controversial ballot printing tender to South African company Ren-Form CC. He stated “What we...
The southern town of Mariental was this weekend abuzz with political energy. The Landless People’s Movement (LPM) and Swapo hosted significant events at the same time on Sunday at the town. The early hours of the day were filled with the sounds of throngs of supporters singing and honking their car horns. The town was...
Namibia is facing severe challenges in its foreign direct investment (FDI) landscape,as recent reports indicate a notable decline in net FDI inflows during the second quarter of 2024. This downturn, amounting to a decrease of N$7.2 billion year-on-year and N$3.9 billion quarter-on-quarter, has brought net inflows down to N$8.5 billion. FDI refers to an ownership...
The domestic retirement funds industry is faced with a significant liquidity challenge. This is as recent data reveals a troubling decline in the industry’s ability to meet short-term financial obligations. The industry’s liquidity ratio, which measures the adequacy of contributions to cover expenses and benefits, has dropped from 77% to 67.3% over the past year. The latest figures were...
The National Housing Enterprise (NHE) recently marked a significant milestone as it finalised a backlog of financial reports that has persisted for more than seven years. This completion is expected to bring much-needed clarity and transparency to the organisation’s financial standing, which is crucial for maintaining stakeholder confidence. The reports cover seven audited financial statements...
The Institute for Public Policy Research (IPPR) has raised critical concerns regarding the burgeoning green hydrogen sector in Namibia. In its latest publication, IPPR research associate Frederico Links emphasised that while there has been significant excitement surrounding new developments, it is now time for a realistic and inclusive evaluation of the situation. He pointed out that the...