Namibian authorities find themselves between a rock and hard place. While they face a data gap dilemma to decide whether to proceed with uranium mining in the Stampriet Transboundary Aquifer System (STAS), drilling to obtain the requisite data has been put on ice. It is a catch-22 situation, if information contained in a recent report,...
Finance minister Iipumbu Shiimi said Namibians should rest assured that Namibia being greylisted now will not have any effect on the new industries. “The confidence shown by investors in support for green energy initiatives in Namibia, one of the leading countries championing green hydrogen, is expected to continue. Countries that have been placed on the...
Public enterprises must position themselves strategically, as they are an important component for the realisation of emerging industries such as oil, gas and the much-talked-about green hydrogen. This is because PEs are equipped with the necessary resources to ensure the success of the initiatives. These sentiments were ventilated yesterday by Martha Domingos, director of legal...
President Nangolo Mbumba says Namibians should step up their game and acquire the essential skills to contribute to the development of the oil and gas sector. He believes that in the absence of local participation, the population will struggle to get a fair share of resources. “You are holding the value and wealth of the...
The Financial Intelligence Centre has had a hand in chanelling billions of dollars into State coffers over the years, as recently revenue collection in Namibia has consistently exceeded collection targets. The Financial Intelligence Centre (FIC) is tasked to serve as a regulator and supervisor of anti-money laundering and combating the financing of terrorism and proliferation...
The Property Practitioners Bill is new proposed legislation under scrutiny in the National Assembly, which aims to provide protection to consumers within the property sector. It aims to transform the domestic property market by creating an appropriate institutional and legal framework.
The Central Procurement Board of Namibia has shockingly admitted making a blunder on a multimillion-dollar tender.
The maiden edition of the Africa Hospitality Investment Forum in southern Africa was officially opened yesterday, bringing together some 500 delegates from about 40 countries.
Works and Transport minister John Mutorwa has stated that Namibia must concentrate on creating seamless integration of her airport infrastructure as the foundation for economic activity.
Hydrocarbon exploration efforts in Namibian offshore waters have increased significantly in the last two years. This has led to several encouraging petroleum discoveries in the Orange basin.