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PowerCom continues support to ICT Summit

WINDHOEK - Namibia’s only tower infrastructure provider, PowerCom, has provided further sponsorship for the ICT Summit in Namibia with a financial contribution of N$50 000 for a two-year period, which has increased their total contribution since 2016 to N$150 000. PowerCom joins other corporates in partnering with the Ministry of Information and Communication Technology in sponsoring the event which is scheduled for October.

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Reform needed for a sustainable electricity distribution sector – Alweendo

WINDHOEK– Despite Namibia being in the process of becoming more self-sufficient in terms of electricity production, the country is still overly reliant on sourcing power from neighbouring countries as it still imports approximately 60 percent of its electricity requirements. Due to this factor, the country has to identify new means to generate more electricity locally and to make it more accessible in the country where electricity-wise less than 50 percent of the population is connected. This is according to Minister of Mines and Energy, Tom Alweendo, who shared these sentiments while addressing the 2018 Electricity Supply Industry Forum, which took place in Walvis Bay yesterday, under the theme ‘Building a Sustainable Future’.

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Pension funds to meet to discuss economic growth

WINDHOEK-MNCapital Group, an international investment advisory and institutional business development firm, in association with Africonomie UK, a UK-based investment advisory and communication firm, have confirmed that various pension funds and several international and local leading institutions will gather in Windhoek on August 22 and 23 to discuss Namibia’s economic growth through pension fund investments. African pension funds are estimated to be holding US$334 billion in assets and 90 percent of these assets are held in only four countries of which Namibia is one.