The Namibia Power Corporation (NamPower) imported 67.4% of power from neighbouring countries and the Southern African Power Pool (SAPP) market to meet the country’s electricity demand. This is an increase from 59% of the 2019/20 financial year.
Author: Maihapa Ndjavera (Maihapa Ndjavera )
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Local fruit production remains crucial for product diversification
With the high demand for fruit, particularly citrus, during the peak Covid-19 infections, Namibia’s fruits inflation remained significantly elevated. This resulted in fruit inflation increasing by 14.9% in December 2021 on the back of increasing demand and low supply.
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TUN threatens govt over salary increments
The Teachers Union of Namibia (TUN) has threatened to take tough action against government if their call for salary increases continues to fall on deaf ears. This the TUN stated last week during a media briefing to address the issue of long overdue salary adjustments in the public sector.
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Small businesses can be the foundation of the economy…as trade ministry launches Know2Grow initiative
Trade minister Lucia Iipumbu said micro, small and medium enterprises (MSMEs) are the roots of many economies around the globe and would play the same role in Namibia if supported and developed.
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NCAA’s overall revenue drops by 83%
The Namibia Civil Aviation Authority (NCAA) in its 2020/2021 annual report states that revenue from the aviation industry remained minimal with overall revenue recorded during the period ended March 2021 down by 83% compared to the previous year.
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Development levels should guide rules of origin …as automotive industry prepares for free African trade
Namibia, Kenya, Botswana, Rwanda and Ghana need rules of origin that will allow participation and further development of the automotive industry by new players in the sector.
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Local agriculture goes digital to enhance food security
Minister of agriculture Calle Schlettwein this week officiated the launch of the pilot electronic voucher (e-voucher) system for the Build Back Better urban agriculture programme.
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Marine phosphate project moves full steam ahead
After its campaigners scored victory in courts last year, marine phosphate mining is set to commence pending an environmental impact assessment of the licensed area.
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Blister copper remains Namibia’s largest export
Blister copper remained Namibia’s largest export commodity during December 2021, accounting for 34.4% of total exports mainly destined to China.
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French delegation hails Namibia’s business environment
A French business delegation from T&T Corporation that visited Namibia in January 2022 to explore potential industries for investment has hailed the country’s business environment as attractive. The delegation was led by Namibia’s ambassador to France, Albertus Aochamub.