The Namibian government has no intention to seize any stake from existing mineral or petroleum licence holders and remain committed to uphold the sanctity of contracts.
Author: Maihapa Ndjavera (Maihapa Ndjavera )
Energy potential to rekindle Namibia, India relations
President Hage Geingob yesterday said Namibia remains open for business to those who see the country as an attractive investment destination.
Geingob: Green hydrogen can transform Namibia
President Hage Geingob has urged Namibians to support government efforts, emphasising that opposition to national projects may hinder much-needed developmental progress.
Africa’s youth must drive development – Nandi-Ndaitwah
On Thursday, Africans celebrated 25 May, 1963 that marks the formation of the Organisation of African Unity (OAU) which later became the African Union (AU).
Ithete blasts FIMA’s pension preservation clause
The chairperson of the Parliamentary Standing Committee on Economics and Public Administration, Natangwe Ithete, has blasted the Financial Institutions and Markets Act (FIMA) (Act No. 2 of 2021) for its stance on the proposed regulation (RF.R.5.10) for the preservation of retirement benefits.
Messika gives 25% of company to local staff…in bid to promote local diamond ownership
Andre Messika Diamonds, a supplier of polished diamonds to the global luxury jewellery market, this week revealed it will be donating 25% shareholding in the company to its Namibian employees. This is in efforts to promote local ownership and participation in the industry.
Green hydrogen set for lift-off… Cabinet approves N$10b deal
Namibia’s green hydrogen ambitions moved a step closer to fruition after Cabinet this week approved an agreement with Hyphen Hydrogen Energy.
Household borrowing surges amidst rising prices…even as debt servicing costs doubled since 2020
The cumulative number of household borrowers in Namibia increased by 6.9% quarter-on-quarter and by 4.5% year-on-year to 244 697 beneficiaries by December 2022.
NaCC warns investors against anti-competitive behaviour
Namibian Competition Commission (NaCC) CEO Vitalis Ndalikokule yesterday said the commission is well awake to take action to prevent unfair business practices.
Local farmers encouraged to grow potatoes
Namibia is expected to produce a very low tonnage of potatoes this year, failing to meet higher domestic demand. This is according to figures shared by the Namibia Agronomic Board in its April to August 2023 vegetable production forecast report.