Author: Maihapa Ndjavera (Maihapa Ndjavera )

Namibian taxpayers owe the Namibia Revenue Agency over N$69 billion through capital debts, interest and penalties.

Namibia’s recent energy developments, including the significant discoveries of oil and gas, coupled with the enormous potential of green hydrogen, have attracted the attention of the global energy community, making it a global exploration hotspot. 

Two unions, the Namibia National Teachers Union and Namibia Public Workers Union, proposed salary and other benefit increases for civil servants for the 2023/24 and 2024/25 financial years. 

Nedbank Namibia recorded a total income of N$1.2 billion for the year ended 31 December 2022, representing an increase of 13% from the previous financial year. Profit after tax increased by 35% to N$275 million.

South Africa and Namibia’s third session of the Bi-National Commission of senior officials kicked off in Windhoek yesterday and is expected to conclude tomorrow. 

Black Business Leadership Network of Namibia president Irene Simeon-Kurtz last Friday said the network does not support the imminent threat of closure of the Meat Corporation of Namibia in favour of previously advantaged farmers. 

Namibians should not sit back and wait for the benefits of recent oil discoveries to come to them but already exploit the opportunities presented by the budding petroleum
industry. 

Mines minister Tom Alweendo made it clear that awarding of exploration rights to those with no necessary capabilities has potential to lead to unethical behaviour from not only the officials responsible for licensing but also those who are being licensed. 

Oil and gas exploration in Namibia are the talk of the global town, following significant discoveries in the offshore Orange Basin last year, which is creating expectations of massive future government oil revenue.

The Namibia Investment Promotion and Development Board’s CEO Nangula Uaandja is worried that Namibians are not practising enough in the investment space in their own country.