Author: Maihapa Ndjavera (Maihapa Ndjavera )

Relevant prudential watchdogs are have been working to regulate investment in virtual assets and are drafting a framework for virtual assets and service providers.

Excellent volume growth in South Africa, encouraging exports and sound cost management delivered strong results for Namibia Breweries Limited (NBL) for the year ended 30 June 2022. The impressive results are despite a decline in Namibian beer volumes. 

Supporting a motion in the National Assembly this week, Popular Democratic  Mo v e m e n t ( P DM ) parliamentarian Elma Dienda called on government to ensure every Namibian is guaranteed access to water while allowing residents to start afresh with current and new water payments. 

Namibia is battling with high public debt, and it remains imperative for the country to invest in productive sectors that will help repay these debts. 

Two key ministries, that of mines and energy as well as agriculture, water and land reform, have pronounced themselves on uranium exploration in the Omaheke region, stating they are committed to monitoring and being decisive to ensure uranium exploration in the region is safe. 

According to the report released yesterday by the Institute for Public Policy Research, Namibian public entities fall for fake awards where they pay huge participation fees. 

Mines minister Tom Alweendo has said the two companies that made noteworthy oil discoveries off Namibia’s coast, Shell and TotalEnergies, are in a rush to reach production stage.

Taxi owners were identified as primary consumers of smuggled fuel, thereby resulting in serious economic and security implications for the country. These sentiments were shared last week by Carlo McLeod, deputy director of regulation, compliance and economics in the energy ministry.

An environmental and safety engineer at a uranium mine in Kazakhstan last week explained there are certain measures the Russian company exploring for the rare mineral in the Omaheke region should undertake to ensure it does not contaminate a valuable water aquifer in the area. 

Red flags continue being raised by various communities regarding continued uranium exploration activities being conducted in the Omaheke region.