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Namibia / Page 2
Non-Bank Financial Sector Assets Near Half a Trillion Mark
By: Nghiinomenwa-vali Erastus The total assets of Namibia’s non-bank financial institutions reached N$474.1 billion by the end of December 2024, bringing the sector just a few million dollars shy of the half-a-trillion mark — and nearly three times the size of the country’s economy. According to the Namibia Financial Institutions Supervisory Authority (Namfisa) Quarterly Reports […]
Only Flood-Affected Farmers to Receive Drought Relief – Nandi-Ndaitwah
By: Loise Shiimi President Netumbo Nandi-Ndaitwah says only individuals whose fields were destroyed by floods will qualify for government drought relief support. Nandi-Ndaitwah was speaking during a visit on Saturday to relocation centers in the Omusati, Oshana, and Ohangwena regions. She assessed the living conditions of flood-displaced residents, monitored aid delivery, and evaluated relief […]
Ruacana Supplies 84% of National Electricity in Early 2025
By: Nghiinomenwa Erastus For the first two months of 2025, the Ruacana Hydro Power Station has generated 84% of the country’s electricity. Reducing the country’s power imports to around 40%, which is contrasting to the usual picture experienced in the year. This is according to the electricity sectoral reports for January and February 2025. As […]
Namibian Civil Technicians Eager to Upgrade Railway System
By: David Shoombe Namibian civil technicians and engineering students are calling for urgent upgrades to the country’s railway infrastructure. They emphasised its ability to drive national development, alleviate road congestion, and provide job opportunities for the youth. Ismael Sefanya, a technician and civil engineering student at the Namibia University of Science and Technology (NUST), said […]
Seven Months Later, HyRail Project Still Stalled
By: Justicia Shipena The HyRail project is still in concept mode after seven months. The dual-fuel hydrogen-diesel locomotives project, which was set to be fuelled by Namibian green hydrogen, was halted in September of last year. The temporary suspension came after the Development Bank of Namibia (DBN) and the Development Bank of Southern Africa approved […]
Namibia Rakes in N$5.96 Billion in Mining Royalties Over Three Years
By: David Shoombe The Namibian government has collected N$5.96 billion in mining royalties over the past three years. This was revealed by the Minister of Industries, Mines and Energy, Natangwe Iithete, during the ministry’s workshop on draughting its Annual Strategic Plan in Ithete emphasised the ministry’s commitment to ensuring that the country receives its fair […]
European Firms Target N$430 Billion Investment in Namibia’s Green Hydrogen
By: David Shoombe At least seven European companies are seeking to invest in Namibia’s burgeoning green hydrogen sector, with a projected investment pipeline exceeding €20 billion (N$430 billion). This was revealed by Ana Beatriz Martins, European Union Ambassador to Namibia, during the official opening of the HyIron Oshivela Plant over the weekend. The HyIron Oshivela […]
Eligible Consumers to Import Power Directly by 2026 – ECB
By: Justicia Shipena Namibia’s energy sector is preparing to enter the next phase of market reform, which will allow eligible electricity consumers to import power directly by 2026. This announcement was made by Tjama Tjivikua, Deputy Board Chairperson of the Electricity Control Board (ECB), during the Market Model Implementation Workshop for the Modified Single Buyer […]
Oshikoto New Governor Vow Support for Agricultural Transformation
By: Loise Shiimi Sacky Kathindi, the newly appointed governor of OshikotoRegion, has pledged to enhance agricultural productivity in the region by providing farmers with access to modern equipment and resources. Kathindi was officially welcomed to his new role on Tuesday, following his appointment by President Netumbo Nandi-Ndaitwah last month. In his inaugural […]
Kavango Farmers Fear Poor Harvest Due to Pest Infestation
By: Annakleta Haikera Farmers in the Kavango regions are raising alarm over the condition of their crops as dual threats (locust and heavy rainfall) of persist Kavngo Regions and Zambezi face brown-armored corn cricket infestations and unpredictable rainfall continues to jeopardisethis season’s harvest. The Villagers have found that many farmers have found it […]