2023-02-15Edgar Brandt The establishment of a Centre of Excellence of African Civil Aviation in Keetmanshoop took a step closer to realisation this week with a consultative planning workshop being hosted by the Namibia University of Science and Technology (NUST). View more
2023-02-17Edgar Brandt As the implementation of the African Free Trade Agreement gains traction, Namibian businesses have been encouraged to expedite the exploitation of the potentially massive market of the Democratic Republic of Congo (DRC) which has a population of about 130 million people. View more
2023-03-09Edgar Brandt A case in which the Economic and Social Justice Trust (ESJT) appealed a decision by the environment ministry to renew an environmental clearance certificate (ECC) for Canadian oil explorer Reconnaissance Energy Namibia (Pty) Ltd (ReconAfrica) has been postponed until 3 April 2023. View more
2023-03-27Edgar Brandt The trade and industrialisation ministry (MIT), in collaboration with the United Nations Industrial Development Organisation (UNIDO), has invited interest from national, regional and continental private entities to operate an invader bush processing plant. View more
2023-03-29Edgar Brandt The Ministry of Finance and Public Enterprises on Monday motivated its N$5.8 billion budget for Parliament to consider and approve the expenditure request. View more
2023-04-04Edgar Brandt Despite prevailing economic headwinds, the ministry of industrialisation and trade’s annual budget allocation was increased by 22% or N$31 million to almost N$298 million when finance minister Iipumbu Shiimi tabled the national budget in February this year under the theme ‘Economic Revival and Caring for the Poor’. View more
2023-04-06Edgar Brandt Namibia’s lithium revenues, based on Simonis Storm estimates, could exceed all other commodities combined, and could therefore improve the country’s trade and current account balances as well as gross domestic product growth rates. View more
2023-04-14Edgar Brandt The Government Institutions Pension Fund’s (GIPF)’s long-term investment target is slightly above salary inflation. By exceeding this return target the fund’s returns over the last 10 years, up to February 2023, have been 10.1% relative to its target of 9.9%. View more
2023-05-08Edgar Brandt A Scottish-based drilling company, called Odfjell Drilling, is the latest international company to enter the red-hot oil race off the coast of Namibia. View more
2023-05-11Edgar Brandt Construction workers, their union representatives as well as the Construction Industries Federation of Namibia (CIF) are livid at the fact that Namibian companies continue to be sidelined in lucrative construction projects, particularly those involving national infrastructure. View more
2023-05-31Edgar Brandt The South African Savings Institute, an independent non-profit organisation, has echoed the sentiments of some Namibian economists that ever-increasing interest rates are driving many into poverty and is pushing the domestic and regional economies onto the edge of a recession. View more
2023-06-02Edgar Brandt The developer of a massive green hydrogen project, Hyphen Hydrogen Energy, will provide for the housing needs for employees involved in the much-hyped project. View more
2023-06-02Edgar Brandt The mines ministry took damage control measures yesterday to emphasise that the government has no intentions of seizing any stake from existing mineral or petroleum licence holders and said it remains committed to upholding the sanctity of existing contracts. View more
2023-06-02Edgar Brandt Hyphen Hydrogen Energy (Hyphen)last week concluded a multibillion-dollar agreement with the Namibian government to construct the much-hyped US$10 billion green hydrogen project in the Tsau //Khaeb National Park. Hyphen has proposed erecting sub-Saharan Africa’s largest, and its only fully vertically integrated, green hydrogen project. View more
2023-06-05Edgar Brandt Although there is no certainty as to when the current interest hike cycle will end, a major player in Namibia’s financial market expects one or two more interest rate hikes before a peak is reached. View more
2023-06-07Edgar Brandt Interest income has been the main contributor to profits made in recent years by Namibia’s commercial banks. However, these local commercial banks are definitely not compelled to adjust their interest rates in line with quarterly repo rate changes by the Bank of Namibia (BoN). View more
2023-06-12Edgar Brandt Cabinet has resolved to prohibit the exportation of Namibia’s critical minerals in raw form in a bid to create more local jobs and more local value. View more
2023-06-20Edgar Brandt The Comprehensive Nuclear-Test-Ban Treaty (CTBT), which bans all nuclear explosions, whether for military or peaceful purposes, provides reassurance to the world, including 51 African states signatory to the agreement, that the globe is striving towards complete and irreversible nuclear disarmament. View more
2023-06-30Edgar Brandt The Comprehensive Nuclear-Test-Ban Treaty Organisation (CTBTO), the preparatory commission of the Comprehensive Nuclear-Test-Ban Treaty, has recognised a noticeable shortage of girls and women involved in the fields of science, technology, engineering and mathematics (STEM) from under-represented geographical regions. View more
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