Thursday, September 10, 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 News Namibia

EU, Germany commit N$240 million to Blue Benguela Current programme

by editor
March 13, 2025
in Namibia
3
A A

The European Union (EU) and the German Federal Ministry for Economic Cooperation have committed N$240 million (€12 million) to the Blue Benguela Current Action programme, an initiative aimed at protecting one of the world’s most productive marine ecosystems.

The programme seeks to safeguard the Benguela Current, which runs along Namibia’s coastline and supports abundant marine resources essential to food security, employment, and economic development across Southern Africa.

“The Blue Benguela Current Action represents a significant step forward in uniting regional and international stakeholders to safeguard the rich biodiversity of the Benguela Current. Together, we can ensure that our ocean resources are preserved for generations while fostering economic growth and social inclusion,” said Erongo Governor Neville Itope.

Germany’s Gesellschaft für Internationale Zusammenarbeit (GIZ) will implement the project, focusing on strengthening regional ocean governance, promoting sustainable economic opportunities, and enhancing climate resilience in Angola, Namibia, and South Africa.

The Benguela Current provides a crucial economic lifeline, contributing approximately 5% to Namibia’s gross domestic product (GDP) and generating N$10 billion annually, according to President Nangolo Mbumba.

“Sustainable fisheries, marine spatial planning, and ecosystem-based conservation efforts are essential for preserving biodiversity while fostering economic growth in coastal communities dependent on fisheries, aquaculture, and eco-tourism,” the EU stated.

The programme, running until March 2028, aligns with the Benguela Current Commission’s (BCC) third Strategic Action Programme (SAP 2023-2033) and is expected to reinforce the EU-Namibia partnership for sustainable marine resource management.

“The European Union has been one of the strongest voices promoting the governance of the seas, aligning with our agenda ‘Setting the Course for a Sustainable Blue Planet,'” said EU Ambassador to Namibia, Ana Beatriz Martins.

She reiterated the EU’s commitment to strengthening regional ocean governance, ensuring sustainable livelihoods, and preserving marine biodiversity for future generations.

author avatar
editor
See Full Bio
Previous Post

Vision 2030 bootstrapped itself in the triple challenges: Poverty, unemployment & inequality

Next Post

Windhoek faces 3,000-stall shortage for small businesses

Must Read

Group of graduates in navy gowns throwing their black mortarboards with gold tassels into the air against a blue sky
Namibia

Namibia’s universities face barriers in aligning courses with job market

August 28, 2026
Namibia to assess viability of Grootfontein–Katima Mulilo rail line
Namibia

Trans-Kalahari Railway gets high-level push after years of delays

August 27, 2026
Chinese companies paid N$16.7 billion in Namibian taxes in 2024
Namibia

Chinese companies paid N$16.7 billion in Namibian taxes in 2024

September 8, 2025
Namibia urged to fast-track reforms to secure place as Africa’s next energy frontier
Namibia

Namibia urged to fast-track reforms to secure place as Africa’s next energy frontier

August 15, 2025
Namibia’s oil and gas reserves could generate N$7.7bn annually
Namibia

Namibia’s oil and gas reserves could generate N$7.7bn annually

August 13, 2025
Standard Bank posts N$556.9m six-month profit, up 10%
Namibia

Standard Bank posts N$556.9m six-month profit, up 10%

August 13, 2025
Load More

Related News

UNAM’s Kenneth Matengu re-elected as Pan-African University Council President

UNAM’s Kenneth Matengu re-elected as Pan-African University Council President

July 21, 2024
Computers, hammers, commodities and post truth emotions

Computers, hammers, commodities and post truth emotions

October 25, 2023
Namibia fuel prices unchanged for second consecutive month

Namibia fuel prices unchanged for second consecutive month

July 28, 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.