Friday, July 31, 2026
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
DSTV WC26 Campaign
Home Latest

Namport eyes Q3 2024 to start Lüderitz port expansion

by editor
November 3, 2023
in Latest
12
A A

The Namibian Ports Authority (Namport) is targeting to start port expansion at Lüderitz next year to facilitate the implementation of the country’s impending oil and gas developments. 

Namport Chief Executive Officer Andrew Kanime told The Brief that construction is expected to take 24 to 36 months, as the ports operator looks to align the capital project with Hyphen’s feasibility timeline of approximately two years. 

“We also need to make sure that as and when they (Hyphen) are ready to export the first molecule, which is 2028, we are also ready. But before we get even there, they need to import project construction materials. The wind turbines, blades, for example, the solar panels and that is something that is going to happen sooner. Unfortunately, our current port at Lüderitz does not have sufficient capacity to enable them to import their construction materials,” he said.

Kanime said the ports company will not be closing the Lüderitz port during the planned works. 

“Today we can do it, but if we do it, it means we must probably close the port. That’s why we need to now extend the key wall by at least 300 metres so that we can construct a dedicated and additional bath. When we construct an additional bath, it gives us additional capacity in the port to ensure that we continue with our normal port activities,” he said. 

He said the entity had already concluded public consultation sessions at Lüderitz as part of finalising the Environmental Impact Assessment (EIA).

“Two weeks ago, we concluded public consultation sessions in Lüderitz, which are critical input into the finalisation of the EIA.

So our target is to be between now and quota four next year. We need to run with the documentation bidding process to launch it so that we can actually commence construction quarter four next year between now and quota four next year.

“So, it’s more like a year. It’s more like a year just to commence construction.

He said the port will be expected to cater to both the green hydrogen sector and the oil and gas.  

“It’s one of those projects where whether they (Hyphen) are going ahead or not, it has to be done. It has to be done because the current port is also oil and gas. There is again oil and gas. So the extension will help both two sectors industries,” the Namport CEO said. 

Quizzed on how the company plans to fund the project, Kanime said the entity would use blended financing by funding the project with its internal resources as well as debt financing.  

The government signed a feasibility and implementation agreement with Hyphen Hydrogen Energy in May, paving the way to begin the groundwork for the US$10 billion (N$187 billion) project, set to be located in the Namib Desert’s Tsau//Khaeb National Park. 

This comes as the government seeks to base operations of Total Energies and Shell, who recently discovered oil off the coast of Namibia, to base their operations at Luderitz and not Walvis Bay. 

On the gas front, Namibia is on track to achieve its first gas-to-power from Kudu in 2027.

author avatar
editor
See Full Bio
Previous Post

Health Ministry spends N$3bn on projects over a decade

Next Post

Govt plans to electrify all homes by 2040

Must Read

Person using an ATM, inserting a card while holding a wallet nearby in a bank lobby
Latest

High banking costs keep many Namibians out of formal financial system

July 31, 2026
Professional man in a white shirt with a teal logo stands with arms crossed in a bright, modern office setting (logo reads 'DAURES GREEN HYDROGEN VILLAGE').
Latest

Mondjila appointed to lead Daures Green Hydrogen Village Phase 2

July 31, 2026
Namibia fuel prices set to drop in June
Latest

Fuel prices to rise by N$2.00 a litre as government restores levies

July 31, 2026
Namibia’s beef exports plunge nearly 50% in Q2
Latest

Namibia targets higher beef exports and value addition in livestock sector

July 31, 2026
Erongo Regional Council sign on a beige brick wall with a blue canopy over a gated entrance along a sidewalk.
Latest

Erongo proposes reclamation plant to address water challenges

July 31, 2026
Professional headshot of a man in a dark suit and red tie against a white background.
Latest

NamPost appoints Willem Mouton as CEO

July 31, 2026
Load More

Related News

Understanding the Role of the Deeds Office in Property Transactions: A Q&A with Ms.Mbaisa

Understanding the Role of the Deeds Office in Property Transactions: A Q&A with Ms.Mbaisa

March 14, 2025
Bank of Namibia holds repo rate at 6.75%

Bank of Namibia holds repo rate at 6.75%

August 13, 2025
Namibia’s economy to grow by 4.5% in 2025 – Finance Minister

Namibia’s economy to grow by 4.5% in 2025 – Finance Minister

March 27, 2025

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.