2022-02-18Edgar Brandt The Namibia Industrial Development Agency is wholly owned by government and operates according to the hybrid governance model applicable in Namibia and, therefore, reports to both the trade ministry as well as the public enterprises ministry. View more
2022-02-21Edgar Brandt The development of the Zambezi region, particularly Katima Mulilo as a major international border and logistics hub for the SADC region is critical to the promotion of deeper regional and infrastructure integration, trade and transport logistics efficiencies. View more
2022-02-24Edgar Brandt A prolonged recession, depleted fiscal space, the devastating economic impact of the pandemic and inflationary pressure, coupled with its implications on basic commodities such as fuel, food and housing, makes today’s national budget one of the most anticipated policy directives in recent years. View more
2022-02-25Edgar Brandt A second confirmed discovery of oil off the Namibian coast has the potential to substantially impact the domestic economy for the better. View more
2022-02-28Edgar Brandt The mines and energy ministry last week confirmed the discovery of light oil in the Venus well of the joint venture between TotalEnergies (40%), QatarEnergy (30%), Impact Oil and Gas (20%) and the National Petroleum Corporation of Namibia (10%). View more
2022-03-01Edgar Brandt When finance minister Iipumbu Shiimi tabled the 2022/23 national budget last week, he said the budget deficit is projected to reduce to about 5.6% of GDP in the coming financial year. View more
2022-03-08Edgar Brandt Retailers and merchants are not allowed to impose minimum or maximum restrictions on card payments, and have been instructed by the Bank of Namibia (BoN) to honour all notes and coins deemed legal tender in the country, including the mostly unwanted five cent coins. View more
2022-03-11Edgar Brandt The National Oil Storage Facility at Walvis Bay, which has been marred by controversy due to an exorbitant escalation of funding requirements, is crucial for the security of petroleum products’ supply for Namibia. View more
2022-03-14Edgar Brandt A new World Bank report has identified Southern African Customs Union member countries of Botswana, Eswatini, Lesotho, Namibia, and South Africa, as representative of the world’s most unequal region. View more
2022-03-14Edgar Brandt The Namibia Chamber of Commerce and Industry (NCCI) has lashed out at what it calls divisive elements in the local business community. View more
2022-03-16Edgar Brandt Despite numerous complaints from customers, the country’s first mobile telecommunications service provider MTC has dismissed allegations that its level of service is dwindling. This follows customer complaints received by New Era detailing slow data speeds, poor call quality and generally a worsening of their overall service. View more
2022-03-18Edgar Brandt Once the commercial viability of Namibia’s first-ever noteworthy oil discoveries off the coast by Shell and TotalEnergies have been verified, these hydrocarbon detections have the potential to benefit the country’s economy by billions of dollars in revenue. View more
2022-03-18Edgar Brandt The largest diamond recovery vessel in the world, Debmarine Namibia’s new N$7 billion investment, currently operating under the generic name of Additional Mining Vessel (AMV3), will adopt the registered name of Benguela Gem as it takes up its role as the new flagship of the company’s fleet. View more
2022-03-22Edgar Brandt The outbreak of the pandemic and the closure of many ports in the region resulted in many container ships being rerouted to the Port of Walvis Bay. View more
2022-03-23Edgar Brandt Namibia’s national oil storage facility, one of government’s biggest investment projects, hogged the headlines for a massive escalation of the cost of construction. View more
2022-03-24Edgar Brandt Rail and road services operator TransNamib last Thursday received a letter of demand from now defunct Belgian company, Challenge Air, to pay more than N$160 million (9.863 million euros) for a botched lease agreement with Air Namibia in 1998. View more
2022-03-24Edgar Brandt President Hage Geingob yesterday encouraged international investors who have not yet invested in Namibia to make an investment decision and become investment partners. View more
2022-03-25Edgar Brandt Global food prices are set to increase drastically for the rest of 2022, and Namibia will not be spared from the phenomenon. View more
2022-03-29Edgar Brandt Challenges posed by the Covid-19 pandemic resulted in Namport revenue declining 2% to N$1.113 billion (2019/20: N$1.138) overshooting a target of N$1.032 billion for the 2020/21 financial year. View more
2022-03-30Edgar Brandt The Final Feasibility Study (FFS) for the Trans-Zambezi Railway Extension from Grootfontein to Rundu and Katima Mulilo, which was commissioned by the works and transport ministry, has been completed. View more
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