PyroNam, a Namibian biochar production company, is set to invest approximately N$7 million in establishing its first biochar plant in Otjinene. Located in the Omaheke region, Otjinene has the potential to produce biomass. Henrike Geldmacher, managing director of PyroNam, announced that the company has diversified its focus to engage with communal areas authorised under local...
Business
HyIron seals deal with German auto company
Isabel Bento ARANDIS – HyIron-Oshivela Green Iron project signed its first-ever off-take agreement with German-based automotive technology company Benteler.HyIronic-Oshivela is the first industrial production project of iron at net zero emissions in Namibia. Co-founder of HyIron-Oshivela, Johannes Michels, made the announcement during a site visit to the plant in Arandis on Tuesday.“This is the first...
AI: From buzzword to game-changer
Gernot de Klerk The hum of Artificial Intelligence (AI) servers is increasingly perceptible alongside the familiar drumbeat and rhythms of marketing departments across the globe. Once merely a buzzword, AI has transformed into a vital tool that is redefining the very essence of marketing. Embracing it has long been resisted for understandable reasons, particularly in...
Capricorn pumps N$400 000 into malnutrition fight
The Capricorn Foundation has partnered with Development Aid from People to People (DAPP) Namibia to support the project titled ‘Gardening to Counter Prevailing Malnutrition in the Omusati region’. The initiative aligns with the Capricorn Foundation’s focus on economic development and vulnerability. Its goal is to promote food security, self-sufficiency and improved nutritional well-being in vulnerable...
Demand surges for enhanced rail infrastructure
The demand for enhanced rail infrastructure in Namibia is surging, driven by the ambitious HyIron Oshivela project, which aims to revolutionise iron production through green technology. James Mnyupe, the Green Hydrogen commissioner, emphasised the urgency of upgrading rail links to accommodate the project’s projected needs. “HyIron are looking to import iron ore potentially from South...
Cran zooms in on quality-of-service regulations
The Communications Regulatory Authority of Namibia (Cran) hosted a public hearing in Windhoek last week to discuss two crucial topics shaping the domestic digital and communications landscape. These are Quality of Service (QoS) standards for telecommunications and broadcasting services, and the Spectrum Assignment Strategy for the period 2025 to 2027. Key stakeholders attended the public...
UN climate chief to nations at COP29: Cut the theatrics
BAKU – The UN’s climate chief yesterday told countries at the deadlocked COP29 summit to “cut the theatrics”, as pressure mounts on G20 leaders to deliver a breakthrough. As the UN climate talks limp into a second week in Azerbaijan, the world is no closer to a financial deal for poorer countries that will determine...
CMA central bank governors convene in Windhoek
The Bank of Namibia hosted a high-level meeting of the Common Monetary Area (CMA) Central Bank governors in Windhoek on 15 November 2024. The meeting was hosted by Bank of Namibia governor Johannes !Gawaxab. It brought together South African Reserve Bank governor Lesetja Kganyago, Central Bank of Lesotho governor Emmanuel Letete and Central Bank of...
Namibia, Türkiye trade sailing smoothly despite turbulence
Rudolf Gaiseb Namibia’s exports to Türkiye fell from N$48.69 million in 2023 to N$35.10 million in 2024, representing a 38.7% decrease. The main cause of this decline has been attributed to a 78% drop in wood and charcoal exports from N$49 million in 2023 to N$26 million in 2024. “Namibia’s exports to Türkiye increased slightly...
COP29: TotalEnergies, bp, Equinor and Shell to increase access to energy
TotalEnergies, BP, Equinor and Shell have commitment to invest in support of UN Sustainable Development Goal 7 (UN SDG7), which aims to ensure access to affordable, reliable, sustainable and modern energy for all. The four energy majors have come up with a US$500 million joint investment commitment, intended to create positive energy access for people...