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The European Union (EU) and Namibia are devising a strategic plan for the implementation of an agreement the two parties signed to detail a way forward for sustainable raw material value chains and renewable hydrogen. This is according to the EU ambassador to Namibia Sinikka Antila.
The trade ministry has partnered with the German Sparkassenstiftung for International Cooperation (DSIK) to strengthen the capacity of micro, small and medium enterprises (MSMEs) in Namibia through the provision of business simulation training workshops.
Hyphen Hydrogen Energy, the preferred bidder for Namibia’s first-ever large-scale vertically integrated green hydrogen project, has secured an agreement with Koole Terminals to use its infrastructure to import green ammonia for the European market.
The Institute for Public Policy Research (IPPR) has cautioned that while Namibia is making progress in building new electricity-generating capacity, progress is not fast enough, and will not be sufficient to completely replace imports. The IPPR stated that this precarious situation is likely to last several years until the end of the decade.
An increase in the prime lending rate at commercial banks has direct implications for the debt-servicing cost of domestic households. This places additional strain on already vulnerable households severely weakening their ability to service both interest and capital repayments. This is substantiated by the growth in household debt.
President Hage Geingob has welcomed Heineken’s takeover of Namibia Breweries Limited (NBL), and has reminded the new controlling shareholders to focus on industrialisation and employment-creation.
The national rail service operator faces the dual challenge of an ageing and deteriorating railway infrastructure and outdated rolling stock.
The Electricity Control Board’s (ECB) financial position remains sound, but the reduced electricity consumption levels over the past five years are not expected to recover instantly, given the prevailing economic downturn, which remains a concern for the ECB’s future revenue projections.
Mines and energy ministry’s spokesperson Andreas Simon said the ministry remains fully aware of the negative impact that high fuel prices inflict on motorists; hence, the public is advised to use scarce resources more prudently during these tough economic times.
Finland president Sauli Niinistö and his business delegation concluded their two-day state visit, with the energy sector leading much of the discussions.