Business

Government is pursuing energy independence from a troubled Eskom and from the rest of its neighbouring countries in an effort to reduce the cost of electricity and thereby attract more meaningful investment.

The Development Bank of Namibia (DBN) signed an agreement on Friday, 25 February 2022 to finance a solar park at Rosh Pinah. With this latest agreement, the DBN’s commitment to the field of renewable energy amounts to N$1.038 billion, encompassing finance for 87.9 MW from 13 projects. 

Last week, a unique blend of young entrepreneurs, seasoned senior executives and finance experts gathered for the B2Gold Jumpstart Pitch Event. Invited guests witnessed six startup talents participating in the Jumpstart incubation programme funded by B2Gold Namibia.

Despite another recessionary year, the Business and Intellectual Property Authority (BIPA) delivered a strong financial performance, declaring a surplus of N$17 million, doing particularly well in its efforts to collect outstanding annual duties.

​​​​​​​Popular Democratic Movement (PDM) parliamentarian Johannes Martin on Wednesday tabled a motion in the National Assembly for the House to debate the establishment of an association for the informal sector.

A second confirmed discovery of oil off the Namibian coast has the potential to substantially impact the domestic economy for the better.

Many countries have signed up to regional and international instruments to improve the living standards of their citizens. 

Various pension funds and several international and local leading institutions will again come together to discuss Namibia’s economic growth through alternative investments. 

Couples are 10 times more likely to break up if they think their partner has poor money habits. This finding in a recent survey by Policy Genius probably echoes the harsh reality that money issues are a driving force in 55.6% of divorces. 

An increase in the generation of electricity for own consumption by customers like solar rooftops, which is not subject to the Electricity Control Board levy, was one of the factors that contributed to a reduction in the volume of electricity supplied.