Ambassador of the European Union (EU) delegation to Namibia Sinikka Antila, yesterday said Namibia’s exports to the EU market has grown by 50%, and at one point reached €36 billion (about N$650 billion) while imports only grew by 8.9%.
Author: Maihapa Ndjavera (Maihapa Ndjavera )
Post
More than 800 companies closed due to Covid-19
Yesterday, the Namibian Employers Federation (NEF) released some shocking figures with regards to the negative effects of Covid-19 on the local economy. In 2019, 158 companies and in 2020 some 52 companies filed for liquidation in the High Court.
Post
Hydrogen project faces equipment delays
The Ohlthaver & List Group and their joint venture partner CMB.TECH, known as Cleanergy Solutions Namibia, who are responsible for a green hydrogen production plant to be built in the Erongo region, are challenged with long equipment lead times.
Post
‘Pro-poor’ spending…Shiimi splurges on vulnerable in mid-term budget
Much to the expectations of local analysts, finance minister Iipumbu Shiimi yesterday tabled a 2022/23 mid-term budget review that reflects a resource allocation that is both pro-poor and sustainable.
Post
Kandjoze rubbishes Amupanda allegations
Director general of the National Planning Commission Obeth Kandjoze yesterday claimed allegations made by Affirmative Repositioning activist Job Amupanda, with regard to the green hydrogen project, are unfounded, twisted and manipulated to sensationalise a genuinely competent effort by government.
Post
National oil storage facility generates N$3.3 billion
Namibia’s national oil storage facility (NOSF) was financed mainly by two loans from the Development Bank of Namibia and the African Development Bank.
Post
Namdia shakes off Covid-19 disruptions…as diamond dealer declares record N$150 million dividend
After two years of Covid-19 pandemic disruptions, Namib Desert Diamond (Namdia) navigated the negative impact as it performed well during the 2021/22 financial year.
Post
Malonda babañata baka caula
Katengo kakayemela Malonda mwanaha Namibia kafumba kuli limembala zateñi lika caula kweli ye. Kabulela kuli kukaitinga kana kampani ya Eagle Night Watch Security, ipalelwa kualabela kwalitaelo zasebeliso maswe.
Post
Auasblick housing development gains traction
In a quest to fight the escalating housing backlog in Namibia, a much-awaited housing project in the leafy suburb of Auasblick is on track after being launched on Friday.
Post
Resources are beneficial when monetised – Alweendo
Mines minister Tom Alweendo emphasised that Namibia’s inability to monetise resources forces the country to depend on foreign investors who have the requisite know-how and financial resources to develop the mining sector.