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...
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...
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...
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...
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...
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...
The Bank of Namibia has been named the winner of the Pioneer Award at the 2024 Central Banking FinTech & RegTech Global Awards, held in Mexico City on 13 November 2024. This prestigious accolade recognises central banks, regulators or supervisors that made outstanding contributions in leveraging cutting-edge technology for the public good. The award was...
Heather Erdmann The groundbreaking ceremony for Nampower’s 40 megawatts’ biomass power plant took place on Thursday. The development is Namibia’s first biomass power-generation station. It is being constructed near the Otjikoto substation outside Tsumeb. The commercial operation date of the power station is set for the first quarter of 2027. Nampower approved a total project...
Namibia is taking significant steps to enhance its mineral beneficiation strategy. The aim is to create much-needed local jobs, and increase the value derived from rich natural resources. However, for the country to successfully implement this strategy and effectively process the minerals it mines, substantial investments in infrastructure are essential. This means Namibia requires improvements...
BAKU – “You owe us!” screamed a protest banner at the COP29 summit in Azerbaijan, where negotiations over how much rich nations most responsible for climate change should pay poorer ones are getting heated. Striking a deal to provide the US$1 trillion annually that experts say is needed by 2030 for developing countries is the...