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Namcor Makes N$114 Million After-Tax Profit
By:Justicia Shipena The National Petroleum Corporation of Namibia (Namcor) made an after-tax profit of N$114 million in fiscal year 2021/2022, according to itsjust released annual report. “Namcor made an after-tax profit of N$114 million for the period under review, compared to a loss of N$133 million in the previous financial year,”said Managing Director Immauel Mulunga, […]
Namibia Secures Funding For Climate Readiness Project …Funding to support green hydrogen feasibility study
By:Justicia Shipena A seven-month project by the Environmental Investment Fund of Namibia (EIF) will support a feasibility study on the three valleys of the Green Hydrogen Strategy, among others. The EIF on Tuesday announced it has successfully secured funds for the project titled, ‘Green, Resilient Recovery Rapid Readiness Support in Namibia’. The secured funding from […]
Namibia Looks East For Green Hydrogen Partnerships
By: Staff writer The administrator of the National Energy Administration of China, Zhang Jinhua, on Friday paid a visit to Namibia President Hage Geingob. The visit is aimed at establishing cooperation in the area of green hydrogen production. Namibia is positioning itself as a future green hydrogen producer to attract investment from the globe’s leading […]
Paratus Powers Equiano Cable System With Infinera’s ICE6 800G
By:Staff writer With the landing of the Equiano submarine cable in June of 2022 in Namibia, the Paratus Group has established a partnership with Infinera, a pioneer of advanced optical networking solutions, in order to provide better services in the coming months. Infinera is a top global provider of optical transmission equipment, with innovative infrastructure […]
Network Operator, Bank Combine To Gift Athletes Houses
By:Annakleta Haikera MTC Chief Human Capital Tim Ekandjo says there is a need to facilitate the provision of decent housing in the country, emphasising that corporate smart partnership should strive to aid the government’s effort in curbing the housing shortage in the country. He made these remarks on Monday during the official handover of two […]
Six of 20 Commercial SOE Declared Dividends In 2 Years
By:Nghiinomenwa-vali Erastus Only five commercial public entities plus Namdeb have declared dividends to their main shareholder, the government, in the past two years, according to the Ministry of Finance and Public Enterprises. These are Namibre, NASRIA, Bank of Namibia, Namdia and Namibia Post and Telecom Holding (NPTH), the parent company of Telecom Namibia, MTC and […]
Effects Of Covid-19 Pandemic-Triggered Lockdown Still Haunts Telecom Namibia
By:Staff writer Despite having been one of the companies enabling connectivity throughout lockdown, Telecom Namibia is still reeling from the effects of the pandemic and the resulting “slow turnaround in the supply chain”. This was revealed by the company’s Chief Executive Officer Stanley Shanapinda in a recent interview with The Villager. Asked how the current […]
Namibian Construction Pipeline Decreases
By:Laban Rasalus Namibia’s construction industry has been looking bleak as it decreased in recent months. Despite the building plan data from both Windhoek and Swakopmund showing a slight growth on monthly basis in those plans that were approved during February this year, the analysts at Simonis Storm Securities say there has been a decrease by […]
Six of 20 Commercial SOE Declared Dividends In 2 Years
By:Nghiinomenwa-vali Erastus Only five commercial public entities plus Namdeb have declared dividends to their main shareholder, the government, in the past two years, according to the Ministry of Finance and Public Enterprises. These are Namibre, NASRIA, Bank of Namibia, Namdia and Namibia Post and Telecom Holding (NPTH), the parent company of Telecom Namibia, MTC and […]
Telecom Namibia ReadiesTo Deploy 5G Services Using Its Fibre Network
By:Staff writer Telecom Namibia, which recently celebrated its milestone 30th anniversary says it is committed to deploy a fifth generation (5G) network in the country. The company aims to spearhead a digital transformation journey to support the country’s Vision 2030, Fourth Industrial Revolution, the fifth National Development Plan and Harambee Prosperity Plan II objectives — […]