11th November 2024  /  EAGLE FM

1. The European Union has contributed N$3.8 million to Namibias Drought relief program which is meant to support over 140 000 people that have been affected by drought in the Kvango West, Zambezi, Omusati, Ohangwena and Kunene regions. Engaged OPM’s ED I-Ben Nashinda.

2. Namibia is looking to BRICS as a powerful catalyst for advancing South-South cooperation and deepening its relationship with Russia. Minister of Information and Communication Technology, Peya Mushelenga, says the partnership between Russia and African nations, including Namibia, offers mutual political and economic benefits.

3. The Development Bank of Namibia DBN has reported a decline in its balance sheet, primarily attributed to the accelerated runoff from National Energy Fund (NEF) oil storage loan exposure. Engaged Nghiinomenwa

4. The Namibia’s state-owned oil company, National Petroleum Corporation of Namibia (NAMCOR), is gearing up to drill four new exploration and appraisal wells in the Orange Basin by early 2025, collaborating with its joint venture partners in offshore Petroleum Exploration Licenses (PELs) 56, 83, 85, and 90.