Wednesday, November 11, 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
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

Ester Kali named CEO of the year as Letshego scoops three global awards
Latest

Letshego Namibia CEO Ester Kali to step down after 13 years

November 11, 2026
Smiling man in a dark suit with a polka-dot tie, portrait against a white background
Latest

Alexforbes receives two honours at 2026 Africa Global Fund Service Providers Awards

November 10, 2026
Four professionals stand in a conference room, each holding a green training booklet during a formal event. Flags and curtains visible in the background.
Latest

Export readiness, trade finance constraints hinder Namibia’s AfCFTA participation

November 9, 2026
Local NSX trade value drops to N$129 million despite market gains
Latest

Tharisa secures secondary listing on Namibia Securities Exchange

November 9, 2026
President demands action on high bank fees and financial exclusion
Latest

New housing projects must be matched by expanded water and sewerage infrastructure

November 9, 2026
African woman wearing a blue headwrap and striped scarf speaks at a podium with microphones, flags in the background.
Latest

Nandi-Ndaitwah questions hiring of foreigners for jobs Namibians can do

November 8, 2026
Load More

Related News

Letshego launches digital wellness service

Letshego launches digital wellness service

April 6, 2022
Langer Heinrich Mine targets high uranium production

Langer Heinrich Mine targets high uranium production

November 25, 2022
FNB backs SME recovery loan scheme

FNB backs SME recovery loan scheme

February 9, 2023

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • e-edition
  • 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
  • e-edition
  • 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.