OTJIWARONGO – PyroNam, a subsidiary of the German company PyroCCS GmbH, is on a mission to establish 50 biochar plants in Namibia by 2030. If successful, this would significantly contribute to carbon capture and improving soil health. Biochar, a stable form of charcoal produced from biomass, offers long-term carbon storage and enhances agricultural productivity by...
The Development Bank of Namibia (DBN) is committed to financing economic activities in the country that meet the explicit funding requirements for sustainable socio-economic development and growth. Illuminating on the basis for DBN funding, Chief Marketing and Corporate Affairs Officer, Jerome Mutumba flagged that prime on the set of criteria to be met, an entity...
Rudolf Gaiseb Besides aiming to revolutionise the domestic food delivery market, Green Enterprise Solution’s ‘Tap-A-Meal’ application is gearing up to expand its reach with hopes of eventually competing with global competitors. Tap-A-Meal, a locally-developed food order and delivery app, was created by Green, and primarily serves Windhoek. In an interview with New Era, Tap-A-Meal’s team...
The mining industry employed some 18 000 people last year, including contractors. In terms of permanent employees, about 8 900 people were recruited, 97% of whom are Namibians. This was revealed by Chamber of Mines CEO Veston Malango. He said these numbers were mostly attainable from Chamber members, which include mining giants such as Namdeb,...
The Northern Regional Electricity Distribution Company (Nored), which supplies electricity to 90 000 customers in eight northern regions, is taking significant steps to address financial losses caused by underbilling and illegal connections. Recent audits have revealed alarming figures that highlight the urgency of these initiatives. In an audit of large power users, Nored discovered that...
NEW YORK – Finance ministers of the G7 nations vowed Saturday to step up efforts to prevent Russia from evading sanctions imposed after its conflict with Ukraine. “We remain committed to taking further initiatives in response to oil price cap violations,” the group said in a statement following a meeting in Washington. Those further steps...
The Government Institutions Pension Fund (GIPF) holds a substantial portfolio of listed investments in key local entities, valued at approximately N$6.9 billion. These strategic holdings span multiple sectors, including finance, renewable energy, real estate, telecommunications and consumer goods. Notable investments include a 29% stake in Mobile Telecommunications Limited (MTC), which serves 97% of Namibia’s population;...
The Ministry of Mines and Energy (MME) is conducting a comprehensive National Energy Survey and Affordability Study in collaboration with the World Bank, which started on 7 October and is expected to end on 11 November 2024. The study, which is being carried out countrywide, aims to assess socio-economic conditions, identify development needs and provide...
Hilma Hashange OMUTHIYA – In a bid to promote Omuthiya and boost its economic activities, the Omuthiya Town Council will host the second Omuthiya Business Expo at the New Open Market Centre from 28 October to 3November 2024. The expo is expected to provide a platform for local businesses as well as small and medium...
The Namibia Financial Institutions Supervisory Authority (Namfisa) recently hosted a pension funds, industry engagement, bringing together key stakeholders in the financial sector to explore the role of unlisted investments in bridging funding gaps and fostering economic growth in Namibia. The event, themed “Unlisted Investments as a Solution for Bridging Funding Gaps in the Economy,”...