Author: Maihapa Ndjavera (Maihapa Ndjavera )

After an eventful six months of promoting Namibia as an investment and tourist destination at the Expo 2020 Dubai, the Namibian Pavilion has officially closed its doors as the curtain falls.

Urban and rural development minister Erastus Uutoni stressed to financiers in the private sector that people need shelter and not luxury homes that trigger housing costs and leave out low-income earners who are in need of housing.

According to Namibia’s household national data, there are 235 884 rural households, of which 35 855 are connected to the grid, while 18 324 have access to solar energy, giving rural electrification a rate of 20%. 

Namibia’s real effective exchange rate appreciated in 2021, signalling a decline in the competitiveness of Namibia’s products on international markets.

Deputy finance minister Maureen Hinda-Mbuende has assured the nation that the newly-created Sovereign Wealth Fund, known as the Welwitschia Fund, was created as an important revenue source to ensure Namibian resources benefit future generations.

The Roads Authority (RA) believes the opening of the 52km Namalubi-Isize-Luhonono road in the Zambezi region is of outmost importance.

Energy minister Tom Alweendo assured the world that Namibia is by all means considering to put the Namibian community first in reaping benefits from the new burgeoning industry of green hydrogen.

After four years of running around to source funding, the national rail operator has finally secured a long-term loan of N$2.6 billion to implement its five-year business plan. This as TransNamib hits the track to profitability to plug its bleeding balance-sheet and stabilise its revenue.