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Planned Byness Hydro Funds Yet to Be Secured
By: Nghiinomenwa-vali Erastus Namibia and Angola are yet to secure funding for the Baynes Binational Hydropower Project with less than three years remaining before the project construction begins in 2027. Mines and Energy Minister Tom Alweendo there is still time to source funds and he projected that funding could be secured by the […]
N$26 Million of Bank Windhoek Sustainability Bond Allocated to Agriculture
By: Nghiinomenwa-vali Erastus During its fifth Agriculture Series, Bank Windhoek reaffirmed its commitment to supporting Namibia’s agriculture sector by allocating a portion of its first Sustainability Bond to the industry. The Villager Business Desk has confirmed that of the N$407 million disbursed through the Sustainability Bond, N$25 million was directed toward agriculture, with […]
Green Hydrogen Sector Holds Potential to Unlock New Industries – NGH2P
By: Dolly Menas Namibia’s decision to develop its green hydrogen sector could unlock various industries to advance the country’s industrialisation goals and potentially reduce unemployment as well as contribute to economic growth. This is according to Joseph Mukendwa, the Head of Policy, Planning and Strategy at the Namibia Green Hydrogen Project (NGH2P). Mukendwa […]
Africa Advised to Ditch US Dollar to Reduce Cross-Border Trade Costs
By: Nghiinomenwa-vali Erastus In a recent interview with Bloomberg Africa, a Standard Bank Group analyst highlighted that intra-African trade could see significant improvements if African nations eliminate the US dollar from their cross-border transactions. Tunde Macaulay, head of business and commercial banking for Africa and offshore regions at Africa’s largest bank, suggested that […]
Namibia’s Export Earnings Rise by 2.9% in September 2024
By: Hertha Ekandjo Namibia’s export earnings increased by 2.9% in September 2024, reaching N$9.0 billion, up from N$8.7 billion in August. This was revealed in the latest Namibia International Merchandise Trade Statistics Bulletin released by the Namibia Statistics Agency (NSA). However, imports surged by 20.5% in September, totaling N$14.8 billion compared to N$12.3 […]
Govt Lowers Expected Diamond Sector Revenue by N$2.3 Billion
By: Hertha Ekandjo The government has reduced its projected revenue from the diamond sector for the 2024/2025 fiscal year by more than N$2.3 billion, citing lower global diamond prices and weakened demand. Minister of Finance and Public Enterprises Iipumbu Shiimi revealed the revised revenue forecast on Wednesday during the mid-year budget review for […]
Langer Heinrich Local Spending Exceeds N$1.15 Billion
By: Justicia Shipena The Langer Heinrich Mine (LHM), has spent just over N$1,15 billion (US$61 million) over the past financial year, through the acquisition of local various products and services to strengthen its operations. This investment follows the successful restart of LHM, establishing it as a cornerstone in Paladin’s ambition to become a […]
Namibia to Vote on Ending Cuban Sanctions
By: Justicia Shipena Namibia, along with other United Nations member states, is set to vote today on a General Assembly resolution calling for the removal of U.S. sanctions on Cuba. The resolution, 78/7, urges an end to the economic, commercial, and financial blockade imposed by the United States. This will be the 32nd […]
Elundu Police Post Constructed for N$7.7 Million
By: Fransina Nghidengwa The newly inaugurated Elundu Police Post in the Omundaungilo Constituency, Ohangwena region, was constructed at a cost of N$7.7 million. The facility was officially opened on Thursday by the Minister of Home Affairs, Immigration, Safety, and Security, Albert Kawana. According to Kawana, the police post features prefabricated structures, including two […]
NAB Aims to Commercialise Mahangu
By: Nghiinomenwa-vali Erastus The Namibia Agronomic Board (NAB) is pushing to commercialise mahangu, a staple crop widely grown for household consumption in Namibia, yet often imported during times of drought. In its latest newsletter, Gilbert Mulonda, NAB’s General Manager of Agronomy and Horticulture, stressed that boosting mahangu productivity is key to its commercial […]