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News / Page 22
Namibian Economy Expected to Slow by 3.7% This Year
By: Staff Writer The Bank of Namibia projects that the economy will decelerate to 3.7% in 2024 before rebounding to 4.1% in 2025. The central bank attributes this anticipated slowdown primarily to weaker global demand and slower growth in primary industries, such as mining. However, GDP growth is expected to see a marginal […]
FNB Wins Namibia’s Best Bank Award for 2024
By: Dolly Menas First National Bank of Namibia (FNB) has earned the prestigious title of Best Bank in Namibia for the year 2024, as bestowed by Global Finance magazine. The announcement came during the 31st annual Best Banks awards ceremony, marking a significant achievement for Namibia’s largest commercial bank. The founder and editorial […]
NBL Transitioning Towards 100% Green Energy Brewing…targets zero landfill waste by next year
By: Justicia Shipena Namibia Breweries Limited (NBL) is embarking on a journey towards utilising 100% green energy in its brewing operations, with the aim of achieving zero waste to landfill by the upcoming year. Currently, NBL relies on 80% green energy for its brewing processes following the conversion of its thermal energy. While […]
Namibia Achieves 55% Vegetable Self-Sufficiency, Reports WFP
By: Dolly Menas Namibia has achieved unprecedented levels of food self-sufficiency, marking a significant milestone in its agricultural sector, according to the UN World Food Programme (WFP). The achievement, highlighted by a 45% self-sufficiency rate, represents the culmination of sustained efforts from smallholder and large-scale farmers, along with crucial support from the WFP […]
ABIn Bev Launches Second Phase of Okahandja Water Stewardship Project
By: Hertha Ekandjo ABIn Bev Namibia, in collaboration with the Municipality of Okahandja on Friday, commissioned phase two of the Okahandja Water Stewardship Project. The project is aimed at supporting the water-stressed communities of Okahandja with access to affordable water. The second phase of the project is the stationing of a water tanker […]
Ondangwa Town Council Supports Local Sports with Equipment Worth N$93,745
By: Loise Shiimi The Ondangwa Town Council has extended support to six local teams by providing them with football and volleyball equipment valued at N$93,745 in a bid to bolster sports development at the town. The beneficiary teams include SOS Volleyball Academy, Ondangwa Soccer Academy, Young Braves FC, Ondangwa United FC, Mama Love […]
Oshikoto Regional Governor Office Supports Start-ups with N$100,000
By: Juliana Iikela In a bid to boost entrepreneurship and economic growth, the Office of the Oshikoto Regional Governor allocated N$100,000 during the last financial year to support start-ups and micro-businesses within the region. The allocation was to assist micro businesses that have got potential to grow but have inadequate resources to expand. […]
Mbumba Calls on Southern Leaders to Promote Youth Education for Emerging Sectors
By: Staff Writer President Nangolo Mbumba has called upon leaders in the southern regions to prioritise education for their youth, emphasising the importance of higher education in preparation for the burgeoning green hydrogen and oil and gas sectors set to flourish in southern Namibia. Mbumba’s appeal follows concerns raised by Namibia Green Hydrogen Council […]
Tweya Urges Namibia to Harness Uranium for Domestic Energy Production
By: Dwight Links The Chairperson of the Parliamentary Standing Committee on Natural Resources, Tjekero Tweya, has recommended that Namibia, being a significant uranium producer, capitalise on the resource beyond mere exportation. The parliamentarian emphasised the importance of understanding uranium’s potential contribution to Namibia’s energy development during his attendance at the Atom Expo in […]
Lüderitz Presents Opportunities for Economic Diversification
By: Nghiinomenwa-vali Erastus Various industries such as oil and gas, as well as green hydrogen, planned for the //Karas Region, with many centred around the Lüderitz local authority, are poised to elevate Namibia’s diversification efforts. During his visit to the southern region, Bank of Namibia governor, Johannes !Gawaxab, acknowledged this significant potential. President […]