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Oil and Gas Projects to Create over 12,000 Job Over 30 Years
By: Dolly Menas Namibia’s oil and gas industry is expected to significantly transform the country’s economy by creating over 12,000 jobs over the next 30 years. The lifecycle of oil and gas projects is projected to span more than three decades, with key phases including construction and production. The construction phase alone is […]
Second Lowest Pork Imports Recorded in October
By: Nghiinomenwa-vali Eratus Namibia recorded its second-lowest pork imports of the year in October 2024, with only 35,734 kilograms of pork products brought into the country. This significant reduction has been attributed to an increase in local pork production and shifts in consumption patterns, according to the Livestock and Livestock Products Board of […]
Bank of Namibia to Drive Digital Finance and Economic Growth by 2027
By: Staff Writer The Bank of Namibia has introduced its 2025-2027 Strategic Plan, aiming to spearhead digital transformation, financial inclusion, and economic diversification to modernise the nation’s financial system. This ambitious strategy seeks to establish Namibia as a global leader in financial innovation while fostering a resilient economy. The plan emphasises inclusivity through […]
N$58.4 Million License Fees Drive MTC’s Earnings Down
By: Justicia Shipena The Mobile Telecommunications Company (MTC) has reported a decrease in its annual earnings for the current financial year, largely attributed to “extraordinary regulatory costs”, including the settlement of annual license fees totalling N$58.4 million. This was revealed by MTC’s Chief Executive Officer Licky Erastus during the company’s annual financial performance […]
Daures Green Hydrogen Pilot Project Nears Completion
By: Nghiinomenwa-vali Eratus The Daures green hydrogen pilot project is over 95% complete, according to Jerome Namaseb, the project’s chief executive officer. The initiative aims not only to be Africa’s first 100% Net Zero green community but also to showcase the sustainable production of green hydrogen and ammonia using renewable sources. Funded by […]
NQA to Charge Graduates for Foreign Qualification Evaluation
By: Dolly Menas The Namibia Qualifications Authority (NQA) has announced that it will begin charging fees for the evaluation of foreign qualifications starting January 2, 2025. This new fee structure, according to the NQA, is aimed at streamlining the evaluation process and supporting the digitisation of its services. NQA’s Marketing and Corporate Communications […]
CRAN Can Enhance Green Hydrogen Landscape
By: Nghiinomenwa-vali Erastus The Communications Regulatory Authority of Namibia (CRAN) has expressed its readiness to support Namibia’s green hydrogen (GH2) ambitions by creating a regulatory framework that fosters investment, innovation, and collaboration with other government entities. According to Helene Vosloo, CRAN’s Executive for Economics and Market Development, the regulatory framework will streamline processes, […]
Uncertainty Surrounds EVMs for Future Elections
By: Justicia Shipena The Electoral Commission of Namibia (ECN) remains undecided on whether it will reintroduce electronic voting machines (EVMs) in the 2029 elections or continue using ballot papers. In February 2020, the Supreme Court ruled that EVMs must be equipped with a verifiable paper trail for future elections. This directive followed a landmark […]
Khomas Residents Top the List of Loan Defaulters
By: Nghiinomenwa-vali Erastus As of September 2024, 42.9% of non-performing loans (loans unpaid for over three months) in Namibia were held by individuals, according to data from the Bank of Namibia. Non-performing loans (NPLs) currently stand at 5.9%, just below the 6.0% trigger ratio, a threshold validated through reverse stress testing across the […]
Repo Rate Cut to Spur Economic Growth
By: Justicia Shipena & Loise Shiimi The decision by the Bank of Namibia (BoN) to lower the repo rate by 25 basis points to 7.00%, signals its commitment to support for the domestic economy amid a favourable inflation outlook. The decision aligns with global monetary policy trends, where central banks like the US […]