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Improve Strategic Infrastructure to Boost Oil and Gas Sector, Govt Told
By: Justicia Shipena The Namibia Petroleum Operators Association (Nampoa) has called for the urgent rehabilitation and expansion of local ports, railways, and vocational training facilities to improve efficiency in the country’s oil and gas sector. Speaking at the 2024 Mining Expo and Conference in Windhoek, Maria Mbudhi, Chair of Nampoa’s Public Affairs Committee, […]
Oil Refinery Opportunities in Namibia Remain Open
By: Justicia Shipena Opportunities for establishing an oil refinery in Namibia are still open, with interest from various parties, according to Petroleum Commissioner Maggy Shino. Speaking at the 2024 Mining Expo and Conference, Shino addressed questions from Eagle FM about the progress of a potential oil refinery in the country. In May 2024, […]
Mineral Agreements Lag Despite Legal Requirements
By: Justicia Shipena Despite legal requirements under the current Minerals Act, only one mineral agreement has been established to date — between Namdeb and the Namibian government. According to Erasmus Shivolo, the Mines and Energy deputy executive director, Section 49 of the Minerals Act allows for a mineral agreement to be formed between […]
City Challenges ECB Directive on Prepaid Meter Blockages
By: Hertha Ekandjo The Windhoek municipality has dismissed recent calls by the Electricity Control Board (ECB) to cease blocking prepaid electricity meters as a method for recovering arrears unrelated to electricity charges. The City argues that the ECB’s directive, issued last month, conflicts with its constitutional and statutory responsibilities. It further claims that […]
Namibia Must Consider Nuclear Energy— Ndaitwah
By: Justicia Shipena Vice President Netumbo Nandi-Ndaitwah says Namibia should explore potential benefits from downstream nuclear value chain activities, as the country solidifies its position as a key supplier of uranium. Speaking at the 11th edition of the Mining Expo and Conference, Nandi-Ndaitwah emphasised that Namibia should consider how the application of nuclear technologies […]
Global Demand to Negatively Impact Namibian Mining Sector
By: Staff writer Namibia’s mining sector will be negatively affected by weak global demand, particularly impacting growth for diamonds and zinc. This comes as global economic growth is projected to slow down to 3.2% in 2024, from 3.3% in 2023. The Bank of Namibia anticipates that uranium production will be constrained by strip-mining activities […]
Domestic Investors Lend N$120 Billion to Government
By: Nghiinomenwa-vali Erastus At the end of July 2024, the government had borrowed a cumulative N$120 billion from private investors through the issuance of Treasury Bills and internally registered bonds in the domestic market. This debt includes N$80 billion from domestic bonds and N$40 billion from Treasury Bills. The Bank of Namibia, which borrows […]
Housing Crisis: 120,000 Queue up for NHE Houses
By: Justicia Shipena The Namibia Housing Enterprise faces an uphill challenge to deliver houses to more than 120 000 applicants on its waiting list. This figure was disclosed by NHE Chief Executive Officer Gisbertus Mukulu during an information-sharing session with the Ministry of Information and Communication Technology. NHE’s backlog is widespread, with 33,000 people […]
Ongos Sports Stadium Project to Cost N$2 Billion
Staff writer The Ongos Valley Sports Stadium Development is estimated to cost N$2 billion, Khomas governor Laura McLeod-Katjirua has said. The project, which is expected to accommodate about 30,000 spectator seats, was launched this year in the Moses Garoeb constituency. “This development is poised to become a beacon of pride, equipped with state-of-the-art facilities designed […]
June Records Improved Export Earnings and Trade Deficit
By: Justicia Shipena Namibia recorded a notable improvement in trade performance in June 2024 with a 37.4% increase in export earnings, rising from N$9.4 billion in May 2024 to N$12.9 billion. According to the Namibia Statistics Agency (NSA), this surge was driven primarily by the mining and quarrying sector, which contributed significantly to the […]