Friday, August 21, 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 Business & Economy

NamWater, Husab Mine near financial closure for N$3bn coastal desalination plant

by editor
July 24, 2024
in Business & Economy
449
A A

NamWater and Husab Mine are set to achieve financial closure for the planned N$3 billion coastal desalination project by year end.

NamWater Chief Executive Officer Abraham Nehemia said the joint venture will see Husab Mine funding the construction of the project, ensuring NamWater does not need to independently mobilise the required N$2.5 to N$3 billion. 

“This financial backing is crucial as it helps us avoid the need to mobilise between N$2.5 and N$3 billion on our own. The partnership is a joint venture, and we are also mobilising our resources to contribute to our share in the project. We are at an advanced stage and expect to achieve financial closure by the end of this calendar year,” he said.

The plant is scheduled to be operational by mid-2026. Nehemia said the plant will initially address coastal water needs, with future expansions extending supply to Windhoek and Gaborone. 

“The project is divided into three phases. Phase one, known as SS1, involves establishing the plant at the coast to meet the immediate coastal water needs. Phase two will focus on extending the plant’s capacity to supply water further inland, including Windhoek, and eventually reaching Gaborone,” he noted.

Nehemia noted that a bilateral committee, co-chaired by the Executive Director of the Ministry of Agriculture, Water and Land Reform, Ndiyakupi Nghituwamata, is overseeing the cross-border aspects of this project with Botswana. 

“Our primary focus as NamWater is to ensure the coastal plant is established and operational, meeting the water needs of the coastal areas. The ministry will provide further updates on the ongoing discussions and progress regarding the inland water supply extension,” he added.

This comes as declining underground water reserves in the coastal area are putting NamWater under immense pressure to continue to provide the commodity uninterrupted.

The plant is set to supply towns such as Henties Bay, Swakopmund and Walvis Bay, Arandis, Uis and settlements in Daures. 

Namibia and Botswana have committed to a joint venture to address water scarcity in the region. The two countries will construct a desalination plant at Walvis Bay to extract water from the Atlantic Ocean. 

The treated water will then be transported via a 1,490km pipeline to supply both Windhoek and Gaborone.

The Bank of Namibia projects water supply interruptions in the coastal areas are expected to contribute to a slowdown in the country’s uranium mining sector, with growth expected at 3.6% in 2024 from a robust 24.5% in 2023. 

author avatar
editor
See Full Bio
Previous Post

NSA requires N$250 million for optimal data collection

Next Post

The psychological effects of constructive feedback vs harmful criticism in the workplace

Must Read

Front entrance of the Ministry of Finance, with a large sign reading 'MINISTRY OF FINANCE FISCUS BUILDING' above glass doors.
Business & Economy

Namibia expands public procurement rules to over 80 additional entities

August 19, 2026
Diverse group of people posing outside a glass-front building for a community event, several wearing sashes and smiling at the camera.
Business & Economy

Standard Bank connects 60 Namibian SMEs to buyers, new markets

August 16, 2026
42 youth ventures worth N$14.7m secure funding from N$500m fund
Business & Economy

42 youth ventures worth N$14.7m secure funding from N$500m fund

September 29, 2025
!Gawaxab earns PhD in Economics from UCT
Business & Economy

!Gawaxab earns PhD in Economics from UCT

September 10, 2025
DBN youth SME funding sees only N$1.25m disbursed amid low uptake
Business & Economy

DBN youth SME funding sees only N$1.25m disbursed amid low uptake

July 23, 2025
Namibia targets to formalise 950 informal businesses by 2030
Business & Economy

Namibia targets to formalise 950 informal businesses by 2030

July 22, 2025
Load More

Related News

Shining Light Award winners announced

Shining Light Award winners announced

November 2, 2021
Namibia’s public debt expected to surpass N$168 billion by FY2025/26

EAN supports budget reallocation to priority sectors, urges faster implementation

October 21, 2025
Namibia oil discoveries likely in billions of barrels, production expected in 4 years

Namibia oil discoveries likely in billions of barrels, production expected in 4 years

September 4, 2022

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.