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Economy

Economy (300)

Namibia’s overall electrification rate is estimated to be 50% which translates into about 300,000 unelectrified households, The Ministry of Mines and Energy has said.  

 The government is set to raise millions of dollars from the auction of 15,000 metric tonnes (mt) of Hake in its third sale of fishing quotas this year. 

Fifty women from across the country have graduated as second cohort for the Academy for Women Entrepreneurs (AWE), a programme that provides women with the tools needed to create and grow their own businesses, raise capital, and effectively network with other successful business owners. 

The Namibia Investment Promotion and Development Board (NIPDB) has urged stakeholders to come up with new ways to unlock growth in the Micro, Small and Medium Enterprises (MSMEs) sector.

The Ministry of Justice says staff shortages are delaying the finalization of the deceased's estates by the Master of the High Court.

Namibia requires billions of dollars in investments to benefit from green hydrogen, a new report by global research firm McKinsey and the Africa Green Hydrogen Alliance (AGHA) has revealed.  

Namibia’s annual inflation rate in October 2022 remain unchanged at 7.1%, which was recorded in September driven by rising prices in transport and food, latest figures from the Namibia Statistics Agency (NSA) show

President Hage Geingob says the country will continue to prioritise the development of oil and diamond sectors to boost the country's revenues, despite Namibia’s push for green energy, particularly hydrogen.

Finland is scouting for trade and investment opportunities in Namibia’s energy sector, with a particular focus on green hydrogen.

The Institute for Public Policy Research (IPPR) has ranked Swakopmund, Walvis Bay and Windhoek Municipalities as the best performing local authorities in the country. 

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