In a concerning trend, railway theft has resulted in financial losses for the national service provider TransNamib, with costs exceeding N$500 000 last year alone. This figure, however, does not account for additional expenses related to lost revenue due to operational interruptions, or the broader safety concerns posed by these thefts. The thefts not only...
David Adetona A cordial province-region working collaboration in the areas of agriculture, health, education and sanitation has been made possible by the recent agreement signed by Khomas regional governor, Laura McLeod-Katjirua and her Angolan counterpart, Cunene province governor, Gerdine Didalelwa. The agreement was finalised following familiarisation visits to the Independence Memorial Museum in Windhoek, the...
Once a sleepy harbour town, Lüderitz is now a bustling hive of activity as it prepares for significant expansion driven by emerging sectors in oil and gas, as well as green hydrogen. The town’s mayor Phillippus Balhao recently highlighted the challenges and opportunities this growth presents. “Town expansion is taking a lot of our attention,...
Despite consistently being one of the world’s top producers of uranium, Namibia still suffers from a severe power deficit by depending mainly on hydropower and purchasing electricity from neighbouring countries that are themselves facing severe shortages. This strategy has worked thus far but is clearly unsustainable and evidently overlooks the massive potential of uranium as...
DAKAR – Earlier this month, soldiers swooped by helicopter into a vast mining complex in western Mali and made away with three tonnes of gold. These were all done on the orders of the military government. The confiscation of the Loulo-Gounkoto complex, which is majority-owned by a Canadian firm, is one of the most extraordinary...
The Bank of Namibia, in collaboration with the Alliance for Financial Inclusion (AFI), have teamed up to co-host the AFI Global Policy Forum (GPF) in September 2025 in Namibia. This forum is expected to convene international thought leaders, policymakers and regulators to propel financial inclusion to the forefront of the global agenda. This is in...
Andreas Thomas Namibia has applied to the Climate Investment Fund for financing to support its ambitious plan to develop a large-scale green hydrogen production sector. Some projects are anticipated to commence production this year. Namibia’s green hydrogen commissioner James Mnyupe has confirmed to Nampa that the country has requested US$150 million, approximately N$2.8 billion, from...
Germany’s commitment to Namibia as a key partner in development cooperation was reaffirmed during a recent media engagement in Windhoek, where Thorsten Hutter, Germany’s ambassador to Namibia, highlighted the historical ties that shape this relationship. “Because of our past, Namibia is one of the development partners in terms of per capita funding. Despite Namibia being...
HANGZHOU – Chinese start-up DeepSeek, which has sparked panic on Wall Street with its powerful new chatbot developed at a fraction of the cost of its competitors, was founded by a hedgefund whizz-kid who believes AI can change the world. Based out of the eastern Chinese city of Hangzhou – sometimes known as “China’s Silicon...
The Development Bank of Namibia (DBN) has announced the return of its prestigious Innovation Award after a five-year hiatus, reaffirming a commitment to fostering innovation and economic development. Commenting on the resurgence of the awards, DBN spokesperson Jerome Mutumba revealed that this year’s winning project will receive a funding boost of N$400 000. He highlighted...