The domestic economy maintained a positive growth trajectory during the first quarter of 2025. This was largely supported by strong performance in the mining sector, particularly uranium, gold and zinc as well as notable gains in construction, wholesale and retail trade, communication and tourism. Based on these figures, the central bank expects the domestic economy...
Oil prices slumped yesterday after OPEC+ countries announced a sharp production increase despite oversupply concerns and growing fears that US president Donald Trump’s trade war could weaken demand. Saudi Arabia, Russia and six other members of the oil cartel announced over the weekend an output increase of 411 000 barrels a day for June, a...
DAURES – The state-of-the-art Daures Green Hydrogen Village (DGHV), a world-first, is advancing Namibia’s green hydrogen agenda and positioning the country as a future leader in ammonia and green fertiliser production for global energy and agriculture. In its pilot phase, the project aims to produce 180 tonnes of hydrogen and 100 tonnes of green ammonia...
SWAKOPMUND – Urgent action is needed to improve offshore safety in Namibia’s growing oil and gas sector as any lapse in health, safety and environmental standards could derail the country’s energy ambitions. This was the view of Erongo governor Neville Andre at the opening of the inaugural Offshore Safety Conference, which concluded on Friday in...
The Business and Intellectual Property Authority (BIPA) has announced that it has begun deregistering businesses which are not in compliance with the statutory beneficial ownership (BO) disclosure requirements. A statement released by BIPA on Friday said the obligation of the Beneficial Ownership Declaration was established through amendments to the Companies Act of 2004 and the...
FNB Private Banking recently celebrated Namibia’s newest charted accountants at a prestigious Institute of Charted Accountants Namibia (iCAN) Assessment of Professional Competence (APC) congratulatory event in Windhoek. With 82 of the 104 candidates passing the 2025 Assessment of Professional Competence (APC), this year marks one of the highest pass rates in the profession’s history, a...
The US-Africa Energy Forum (USAEF) returns to Houston with a bold agenda focused on catalysing American investment and innovation across Africa’s most dynamic energy markets. Designed as a high-impact platform for government and private sector dialogue, USAEF brings together African energy stakeholders and leading American companies to accelerate project development, capital deployment and technology transfer...
The National Petroleum Corporation of Namibia (Namcor) has signed a Memorandum of Understanding (MoU) with Subsea7, a global offshore energy contractor. This strategic partnership comes in the wake of significant offshore energy discoveries in Namibia, and aims to foster collaboration on upstream offshore infrastructure development projects. The MoU sets the foundation for both companies to...
The Namibia Airports Company (NAC) strengthened its enterprise-wide risk management capabilities through a strategic partnership with Capricorn Group on Tuesday, 29 April 2025. The partnership aims to build on existing institutional resilience, and embed a proactive risk-aware culture. Facilitated by Horst Simon, Capricorn Group’s business risk officer and globally- recognised risk culture builder, the risk...
Green Enterprise Solutions has partnered with the ministry of justice to launch a transformative Data-Capturing and Cleansing Programme. This programme aims to ensure the smooth and seamless transition of the Master of the High Court from the legacy system to the newly-developed trust system, as the ministry prepares to decommission the present legacy system. In...