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Cran enhances type approval compliance with Namra
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Cran enhances type approval compliance with Namra

The Communications Regulatory Authority of Namibia (CRAN) recently launched a series of capacity-building training sessions with customs officials from the Namibia Revenue Agency (NamRA).  This initiative, conducted under the agreement between CRAN and NamRA, seeks to deepen understanding and strengthen compliance with type approval regulations for telecommunications equipment. Type approval is a regulatory process that...

Repo rate reduced by 25 basis points to 7%
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Repo rate reduced by 25 basis points to 7%

The central bank’s Monetary Policy Committee (MPC) unanimously decided to reduce the repo rate by 25 basis points to 7% yesterday. This move provides much-needed relief to consumers who have been suffering in a high-interest rate environment for too long.  According to a Bank of Namibia (BoN) statement, issued by governor Johannes !Gawaxab, this decision...

Namibia welcomes African rough diamonds export certification
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Namibia welcomes African rough diamonds export certification

Namibia has wholeheartedly welcomed a joint statement by the Republic of Botswana and the G7 Diamond Technical Team on 27 November 2024, announcing that Botswana will establish a certification point for diamond exports to G7 markets. Mines and energy minister, Tom Alweendo, this week stated that the establishment of export certification nodes in African countries...

CRAN unveils WhatsApp consumer assistant, revamped website
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CRAN unveils WhatsApp consumer assistant, revamped website

The Communications Regulatory Authority of Namibia (Cran) officially launched its WhatsApp consumer assistant and revamped website on Monday.  These initiatives aim to enhance service delivery, improve consumer engagement,and promote a more transparent and accessible communication environment in Namibia. Cran’s CEO Emilia Nghikembua emphasised the importance of responsive and efficient communication channels. She stated that “It...

China curbs exports of key chipmaking components to US
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China curbs exports of key chipmaking components to US

BEIJING – Beijing yesterday said it will restrict exports to the United States of some key components in making semiconductors, after Washington announced curbs targeting China’s ability to make advanced chips. Among the materials banned from export are metals gallium, antimony and germanium, Beijing’s commerce ministry said in a statement that cited “national security” concerns. Exports...

Germany grants N$380m for water and informal settlements
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Germany grants N$380m for water and informal settlements

This week, Namibia and Germany signed three grant agreements of over N$380 million. The funds, financed by the Federal Republic of Germany through KfW Development Bank, are to be utilised for the water sector infrastructure (Ohangwena groundwater system and technical assistance for NamWater) and urban development, specifically for informal settlements upgrading.  The agreement was signed...

Sub-Saharan Africa charts sustainable logistics path
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Sub-Saharan Africa charts sustainable logistics path

The Chartered Institute of Logistics and Transport (CILT) recently concluded a three-day conference titled ‘Unlocking Sub-Saharan Africa’s Potential: Transforming Transport and Logistics for a Sustainable Future’.  The conference took place in Johannesburg from 19 to 21 November 2024. The event, jointly hosted by Centre for Innovation in Learning and Teaching (CILT)’s Namibia, South Africa and...

Qatar inks China gas supply deal with Shell
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Qatar inks China gas supply deal with Shell

DOHA – Qatar has agreed to supply three million tonnes of gas a year to China in a deal with London-headquartered energy giant Shell, the Emirate’s state energy company said yesterday. The liquefied natural gas deliveries would begin in January as part of a “new long-term sale and purchase agreement”, QatarEnergy said in a statement...

Domestic growth to slow before recovering in 2025
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Domestic growth to slow before recovering in 2025

Namibia’s Gross Domestic Product (GDP) growth is projected to moderate in 2024, primarily due to subdued global demand, coupled with drought conditions. In its latest economic outlook, the Bank of Namibia (BoN) forecasts the domestic economy is projected to grow by 3.5% in 2024, a slowdown from the 4.2% growth recorded in 2023.  “This projection,...

GIPF pays out N$118m in tax refunds 
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GIPF pays out N$118m in tax refunds 

The Government Institutions Pension Fund (GIPF) informed its tax-paying and qualifying annuitants, namely pensioners, spousal and child beneficiaries that the fund started making tax payment relief refunds to the tune of over N$118 million on 28 November 2024, as previously announced.  “The fund will pay out approximately N$118 million to 24 173 qualifying annuitants, who...