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Risk of Mpox Low, Says Tourism Alliance
By: Fransina Nghidengwa The SADC Business Council Tourism Alliance has reassured tourists that despite the recent outbreak of monkeypox (Mpox) in certain parts of southern Africa, the region remains a safe and welcoming destination. On August 14, 2024, the World Health Organization (WHO) declared Mpox a Public Health Emergency of International Concern (PHEIC) for […]
Local Content Policy for Petroleum Sector Gains Momentum
By: Justicia Shipena The Ministry of Mines and Energy says it is accelerating efforts to finalise the development Namibia’s local content policy aimed at enhancing local participation in the industry. The policy, called the National Upstream Petroleum Local Content Policy, is also aimed at building local capacity and facilitating skills transfer, ensuring that […]
6 Million Litres of Namibian Beverages Exported Across Africa
By: Nghiinomenwa-vali Erastus Namibia exported 60,519 hectolitres (six million litres)of alcoholic and non-alcoholic beverages in June 2024, with 98% of these exports destined for African markets, primarily South Africa, the Democratic Republic of Congo, Zambia, and Tanzania. According to the Beverage Sectoral Report released by the Namibia Statistics Agency (NSA), beer constituted […]
NaCC Approves Sale of Dundee’s Tsumeb Smelter to Chinese Miners
By: Hertha Ekandjo The Namibia Competition Commission (NaCC) has approved the sale of Dundee Precious Metals’ Tsumeb smelter to a subsidiary of a Chinese owned company called Sinomine Resources Group Co. Ltd. This means the transaction, which involves the sale of Dundee’s interest in the smelter to Sinomine, is expected to proceed as […]
Namibia’s Food Self-Sufficiency: A Threat to South Africa’s Agriculture Industry
By: Hertha Ekandjo Namibia’s recent decision to close its borders to the importation of certain horticultural products from South Africa has posed significant challenges for South Africa’s agriculture sector. This has been particularly for citrus farmers who have been barred from accessing the Namibian market. This issue was brought to the fore by South […]
Over Half a Billion in GC24 to Remain with Government
By: Nghiinomenwa-vali Erastus Investors in the GC24 bond, which is set to mature this October, have decided to switch their N$530 million investment to other long-term bonds, allowing the government to retain and grow the funds while paying interest twice a year. This decision was revealed following an auction switch for the […]
Schlettwein Calls for Farmer Subsidies for Drought Resilience
By: Staff writer Agriculture and Land Reform Minister Carl Schlettwein says there is a need to subsidise farmers against losses to build the agriculture sector’s resilience to drought. He said this in Omaheke this week during an engagement with communal and commercial farmers. “Farmers need subsidies to solve that problem. You cannot say that agriculture […]
Electricity Generation Falls to Lowest Level in 2024
By: Nghiinomenwa-vali Erastus Namibia’s electricity generation in June 2024 fell to its lowest level of the year, producing only 152,224 MWh after five consecutive months of generating over 200,000 MWh. This significant drop in domestic generation led to the highest electricity imports for the year, with the country bringing in 211,944 MWh in June. […]
NAM-MIC Issues 655,937 Shares to 522 Beneficiaries
By: Justicia Shipena The Namibia Mineworkers Investment Holdings Company (NAM-MIC), through its Just Transition Trust (JTT) Namibia Limited, has reached a significant milestone by issuing 655,937 shares to 522 shareholders. This announcement was made during the transition of JTT to Just Transition Investment, which now operates as a public company. Joshua Kaitungwa, CEO […]
Nam Urged to Plan According to Production Advantages
By: Hertha Ekandjo The African Development Bank (AfDB) has urged Namibia to focus on national development plans that capitalise on its comparative advantages. In its 2024 Country Focus Report titled “Driving Namibia’s Transformation: The Reform of the Global Financial Architecture,” the AfDB emphasised the need for Namibia to align its development strategies with its […]