Richwell Lukonga Over the years, Namibian agencies have sought to harness the country’s natural resources to enhance economic growth. Namibia Industrial Development Agency (Nida) was established by Parliament through Act 16 of 2016 to spearhead industrial, agribusiness and business infrastructure development, as well as to facilitate investment attraction. Nida has made the industrialisation of Namibia...
The Ovinjange Community Project recently received a significant donation of N$88 713 from August 26 Logistics. The army company’s “Chains of Kindness” corporate social responsibility (CSR) programme selected the Ovinjange project to positively impact the community in the Kunene region. This initiative and the donation seek to solve issues such as water scarcity, while promoting...
The inaugural Global African Hydrogen Summit, which commences in the capital today, is expected to serve as a critical platform that will focus on the role Africaexpects to play in the rapidly-emerging global hydrogen sector. Ministerial delegations and trade missions from Algeria, Angola, Belgium, Burundi, Congo, Egypt, EU, Germany, Kenya, Nigeria, South Africa, Tanzania and Uganda...
Following last year’s announcement that Pan-African telecommunications group Paratus commenced reselling Starlink, Paratus Botswana announced that the highly- anticipated low Earth orbit (LEO) satellite connection solution is now available in Botswana. The Botswana government recently confirmed the Starlink licence approval, an event for which Paratus Botswana stated it has been preparing for several months. In...
Petrol prices will decrease by N$1.20 cents per litre, and both diesel 50ppm as well as diesel 10ppm prices will decrease by N$1.10 cents per litre. The decreases, effective as of Wednesday, 4 September, are made possible by what the energy ministry terms “improved market conditions”. These include a lower demand for oil, and a...
As the world moves towards sustainable energy solutions, Namibia stands at the forefront of the green hydrogen revolution, with vast renewable resources and strategic vision, fuelling the country’s ambitions of becoming the sustainable energy capital of Africa. The inaugural Global African Hydrogen Summit (GAH2S), scheduled for 3 to 5 September 2024 in Windhoek at Mercure...
The number of new loans issued in Namibia during the first quarter of 2024 increased by almost 10% to 166 452. This represents a quarter-to-quarter increase of 9.8%, and a 16.1% increase year-on-year (y/y). This uptake in loans suggest a robust demand for financing, indicative of a strengthening lending environment. This can have broader implications...
The NSA will be conducting the Namibia Household Income and Expenditure Survey (NHIES) during 2025 / 26. The NHIES is the primary source of data on income, wealth and expenditure in Namibia and is instrumental in calculating poverty indicators at both household and individual levels. This will be the fifth NHIES to be conducted in...
Over N$1.4 million has been sponsored by the private sector towards the hosting of the third Annual African Union Micro, Small and Medium Enterprises’ (AU MSME) forum slated for 9 to 13 September 2024 in Windhoek. Speaking at the sponsorship handover event here on Wednesday, the Namibia Investment Promotion and Development Board (NIPDB)’s Executive for...
Namibia continues to exploit its renewable energy potential and smart relationships to position itself as a significant participant in the global green hydrogen market. Through these renewable efforts, the country aims to promote economic growth, create significant employment, and contribute to the worldwide fight against climate change. On Wednesday, green hydrogen commissioner James Mnyupe touched...