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Africa / Page 4
65% of Namibian Pork Imports Came from Germany in August
By: Nghiinomenwa-vali Erastus Namibia imported 724,174 kg of pork, primarily in the form of offal, processed, and fresh pork, to supplement local production last month. This was revealed by the Namibia Livestock and Livestock Product Board (LLPB) in its monthly statistics and commentary report for August 2024, released last week. According to the […]
Current Laws Lack Clarity on Green Hydrogen Definition – Alweendo … minister warns of potential hurdles in global markets without standardisation
By: Justicia Shipena – New York, USA Mines and Energy Minister Tom Alweendo has emphasised the urgent need for specific legislation to regulate the growing green hydrogen industry. Speaking at the Namibia Green Hydrogen Forum in New York, Alweendo said the current legal framework lacks clear definitions for green hydrogen, a gap that […]
Namcor Repays Half of N$1,1 Billion Debt
By: Staff writer Namcor says it has spent N$550 million to settle some of its N$1,1 billion debt to international oil seller Gunvor. This comes after the company received a N$1.2 billion lifeline from state coffers. Namcor said the bailout helped it restore its financial credibility and strengthen relationships with trading partners. In […]
Trapped or Flourishing In SACU- The Namibian Dilemma
By: Nghiinomenwa-vali Erastus An analysis of Namibian trade statistics within Africa over the past five years reveals that approximately 71% of the country’s trade (both imports and exports) is concentrated within the Southern African Customs Union (SACU). This highlights a lack of diversification away from SACU — a customs union of five member […]
Shapwanale, Jacobs Appointed to NYE Advisory Board
By: Staff Writer The Namibia Youth Energy Forum (NYEF) has appointed Ndapewoshali Shapwanale and Lydia Mutindi Jacobs to its Advisory Board. Jacobs has 12 years of experience in law reform, policy development, and a strong focus on the energy sector. She brings a wealth of expertise that is expected to enhance the Forum’s mission […]
Southern African Bank to Fund Lobito Railway Corridor…initiative to challenge Namibia’s ambition to become Africa’s gateway
By: Nghiinomenwa-vali Erastus The Lobito Corridor Railway Project, which will connect the town of Lobito in Angola and its under-construction oil refinery to DRC, has secured US$200 million (N$3,5 billion) in funding. The funding will come from the Development Bank of Southern Africa (DBSA) and the U.S. International Development Finance Corporation (DFC). According […]
Muakotoko Kehi Rovakuate Venu
By: Nghiinomenwa-vali Erastus “Count yourselves as equals in your motherland,” remarked Otjozondjupa Governor James Unomasa Uerikua as 98 Batswana of Namibian descent were formally handed over by the Botswana government to Namibia. The group was received at the Gam reception area on Friday. It was revealed that these descendants had requested relocation to […]
Drought Takes Heavy Toll on Southern Namibia’s Tourism
By: Hileni Inane The ongoing drought has severely impacted tourism activities in southern Namibia, driving tourists to seek leisure elsewhere. Last month, Simonis Storm Securities reported that the southern regions had the lowest occupancy rates in the country for July, at 56.5%, below the national rate of 59.7%. Namibia Wildlife Resorts (NWR) […]
HDF says its Green Hydrogen Power Plant Could be Namibia’s Backup Energy Source
By: Nghiinomenwa-vali Erastus A company called HDF Energy Namibia’s which is venturing into the production of green hydrogen and related technologies says it is implementing a project with the potential of becoming the country’s quick-response power reserve. It says its project will potentially replace current carbon-intensive coal and diesel-driven backups. During a recent […]
Govt Could Slash N$6.77 Billion in Bonds by 2025
By: Justicia Shipena The government is set to reduce its outstanding bonds by 2025, with N$6.77 billion currently owed on GC24, GC25, and GI25 bonds, according to a report from Simonis Storm Securities. This figure is expected to shrink further as upcoming GC25 switch auctions are held. In their report on fixed income […]