The Namibia Power Corporation on Friday inaugurated its fully-owned and operated renewable energy plant, the Omburu 20MW PV power station. The project is one of four renewable energy-generation projects aimed at increasing local generation capacity and ensuring security of supply.
In line with Namibia’s economic diplomacy, the country continues to promote mutually beneficial bilateral relations to achieve its overarching socio-economic developmental objectives.
The Road Fund Administration (RFA) projects it will require about N$4.3 billion per annum to rehabilitate Namibian roads. The administration currently collects only about N$2.5 billion per annum from road users, which translates into a shortfall of N$1.8 billion.
National Petroleum Corporation of Namibia (Namcor) chairperson Jennifer Comalie has applauded all exploration partners after light oil was discovered in Namibia in February 2022, saying all stakeholders are aligned to commence with production as quickly as possible.
After experiencing regular power outages for a number of days last week, homeowners at Osona Village just outside Okahandja have been assured the cause of the problem has been identified and that the situation is being closely monitored.
President Hage Geingob yesterday reiterated the call for Namibia’s income level by the World Bank to be reclassified, saying the current classification as an upper middle-income country is insensitive to distortions created by the unequal distribution of resources.
For Namibia to trade locally, regionally and globally, it is a regulatory requirement for products produced or manufactured domestically to be of quality and also that the quantity and packaging standards meet international requirements.
Namibia, like many other African countries, has more people under the age of 18 than many other countries around the world. This youth population in Namibia and the rest of Africa is projected to double by 2050, which will place more and more stress on already strained economic resources.
Popular Democratic Movement (PDM) parliamentarian Nico Smit is concerned that the fast rising repo rate goes against very basic economic fundamentals. Speaking during a media briefing on Friday, Smit cautioned that a sudden increase in the repo rate would result in a liquidity risk to the broader economy.
Homeowners at Osona Village just outside Okahandja have been up in arms over what they call regular power outages for almost four days. Some residents claimed their electric appliances have been damaged and perishable food spoiled during the persistent interruptions.