Author: Maihapa Ndjavera (Maihapa Ndjavera )

​​​​​​​Mines minister Tom Alweendo has called on investors to ensure their investments in the green hydrogen industry is mutually beneficial for all parties involved.

Prime Minister Saara Kuugongelwa-Amadhila yesterday said Namibia is in the process of developing its national green hydrogen strategy. 

Namibia’s green hydrogen juggernaut has moved another step closer to fruition after four successful applicants for pilot projects were announced yesterday at the commencement of the inaugural two-day Green Hydrogen Conference in the capital. 

Director-General of the National Planning Commission Obeth Kandjoze has advised Namibians with hidden agendas to refrain from pushing away investors.

Domestic consumers can expect further hikes in prices, which is expected to make life more financially unbearable. This is after the annual inflation rate for July 2022 increased by 6.8%, compared to 4% recorded in July 2021, making it the highest recorded inflation rate since July 2017.

Signs of recovery from the prolonged drought are starting to emerge with the domestic beef market recording a 20% growth in cattle marketed for the first half of 2022. 

The cost of food has sustained an upward trend in recent months, making it difficult for local consumers to put something on the table.

Some N$1.4 million was paid out to Namibian consumers during the first quarter of 2022 by the Namibia Financial Institutions Supervisory Authority (Namfisa). 

A study by the Namibia Financial Institutions Supervisory Authority (Namfisa) concluded a local appetite exists for agriculture index-based insurance in Namibia. This type of insurance was conceptualised to help mitigate adverse weather effects around the world. 

The health sector recorded growth for the eighth consecutive quarters since quarter two of 2020.