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Value Addition: Turning Mushrooms into Biscuits, Tea, and Soup
By: Mathias Hangala Value addition has been at the forefront of discussions surrounding policy and economic growth in recent years. Abner Tomas, who hails from Oniipa in the Oshikoto region, transformed his passion for farming and mushrooms into a niche business by producing biscuits, tea, and soup through his enterprise, Ndaka Mushrooms (NM). […]
GIPF Fights to Halt Sale of Shares in N$450 Million Trust
By: Uaueza Kanguatjivi The Government Institutions Pension Fund (GIPF) has approached the courts to prevent private equity and fund management company Myrtle Growth Capital from selling shares in the Namibia Mid-Cap Fund Trust, a fund to which GIPF committed N$450 million. Myrtle Growth is accused of attempting to sell shares in several portfolio companies […]
No Inside Jobs in FNB Fraud Saga, Says Bank
By: Dwight Links The First National Bank Namibia (FNB) has stated that there is no evidence suggesting its employees were complicit in recent fraud and scam incidents that have made headlines. Two FNB clients recently fell victim to sophisticated scams, losing substantial sums of money. Among them was a retired teacher who was […]
Namibia Courts Nigeria Over Oil & Gas Collaboration
By: David Shoombe Namibia is seeking to collaborate with Nigeria in its oil and gas sector, exploring potential partnerships in exploration, production, and refining. This was revealed by the chairperson of the Nigerian delegation during the fifth session of the Namibia-Nigeria Joint Permanent Commission of Cooperation held this week. The meeting aims to […]
N$150,000 From Geingob Cup to Support Presidential Centre Setup
By: Justicia Shipena Former First Lady Monica Geingos has announced that N$150,000 from the proceeds of the Dr. Hage Geingob Cup will be allocated to cover initial costs and infrastructure preparations for the establishment of a presidential centre in honour of the late President Hage Geingob. The announcement was made on Tuesday as […]
N$1.28 Billion Heavy Fuel 54 MW Power Station To Be Commissioned
By: Nghiinomenwa-vali Erastus NamPower will officially commission the second phase of its N$1.28 billion Anixas II Power Station at Walvis Bay, which is expected to contribute approximately 54 MW to the national power grid. The commissioning of phase two of the Anixas Power Station is another step towards fulfilling the government’s 2018 plan […]
Namibia-Angola Beef Trade Deal Still Not Finalised
By: Justicia Shipena Five years after Namibia and Angola began negotiating a cattle and meat trade agreement, the deal is yet to be finalised, leaving the anticipated framework for trade between the two nations in limbo. In 2020, reports suggested that the agreement was nearing finalisation, with a draft already approved and […]
Namibia Seeks Partners for Lamb Exports to China
By: Justicia Shipena Minister of Agriculture, Water and Land Calle says Namibia is looking for partners to facilitate the export of lamb to China. While Namibia has successfully exported beef to the Chinese market, the export of lamb is still in progress. In August 2024, the country announced plans to sign a protocol with […]
Red Line Removal Could Dent EU Markets – Warns Govt Lawyer … Amupanda pushes for market diversification
By: Uaueza Kanguatjivi, Justicia Shipena and David Shoombe Advocate Raymond Heathcote, the lawyer representing the Ministry of Agriculture, Water and land reform in the ongoing case on the removal of the Veterinary Cordon Fence (Redline) has warned that Namibia could lose access to the European markets for meat exports should the redline be […]
Bank of Namibia to Honour Geingob With Commemorative Note
By: Dolly Menas The Bank of Namibia is set to launch a commemorative banknote in honour of the late President Hage Geingob next month. The bank noted that the special note will celebrate Geingob’s significant contributions to Namibia’s democracy, nation-building, and his legacy as the country’s third president. The announcement has sparked mixed […]