The mines and energy ministry yesterday reiterated that the oil deposits discovered in the Orange Basin offshore Namibia by Shell have not yet been confirmed to be commercially viable but do indicate the existence of an active petroleum system in the area.
Business
Aochamub brings French business delegation
A French business delegation from T&T Corporation is on a five-day visit to explore potential industries for investment in Namibia. The delegation is led by Namibia’s ambassador to France, Albertus Aochamub.
Low earning women get MTC houses
Breaking the archaic patriarchal status quo on land ownership, 75% of the 271 houses recently constructed by MTC were awarded to low-income earning women.
Electronic procurement the way forward
World Bank Acting Country Director, Asmeen Khan, believes electronic government procurement, also known as e-GP, will help Namibia fight the devastating economic impact of Covid-19.
Zimbabwe targets increased trade with Namibia
A Zimbabwean business delegation recently visited Namibia to enhance business linkages and explore opportunities in imports and exports between the two countries.
Ndove named finance executive director
The finance ministry yesterday confirmed the appointment of Titus Ndove as its new executive director.
Expenses deteriorate short-term insurance profit
Short-term insurance, generally speaking, covers possessions, referring to car insurance, home insurance, cellphone insurance, travel insurance, etc. Short-term insurance covers, as well as monthly premiums, are influenced by circumstances such as age and gender.
Business fraternity mourns Akapandi
A pioneer of the Namibian business community is no more. John Akapandi Endjala passed away on Sunday afternoon at a local hospital after having been admitted to an Intensive Care Unit during December last year.
Reopening of border posts to jump start trade
The free movement of goods and people between Namibia and Angola will soon recommence.
Namibia’s trade deficit narrows to N$3.3 billion
For the month of November 2021, Namibia recorded a trade deficit of N$3.3 billion, which is a significant improvement from the revised trade deficit of N$6.9 billion recorded in October 2021.









