Author: Maihapa Ndjavera (Maihapa Ndjavera )

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.

With a two-year extension to allow for completion, Namibia’s fifth National Development Plan 5, which was created to help realise Vision 2030, only met 58% of its stated goals. 

The 5th generation mobile network and the new global wireless standard, 5G, has a better-advanced capability and supports a lot of emerging technology, such as artificial intelligence.

Government is being assertive in ensuring the process of commencing with the country’s oil production is accelerated.