The Brief is an online news portal and going source with a focus on the Namibian business sector, current affairs, companies and financial markets.
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September 24, 2023
LatestNews (147)
Mines and Energy Minister Tom Alweendo says Namibia is currently developing a roadmap to develop the country’s green hydrogen sector.
Namibia has potential to generate N$76 billion in 25 years if the country rehabilitates and restores its encroached bush land, Environment, Forestry and Tourism Minister Pohamba Shifeta has said.
Two engineering firms are currently embroiled in a fierce battle that has spilled into the High Court over a N$600 000 payment.
Total Energies Marketing Namibia is switching to clean sources of energy such as solar energy at its service stations across the country.
Shares of Australian uranium development company Bannerman Energy which is developing the Etango-8 project in Namibia have started trading on the OTCQX in the United States after being upgraded from the OTCQB.
The Government Institutions Pension Fund (GIPF) has vowed to recover any funds that could have been lost as a result of fraud and corruption.
Namibia has recorded a trade deficit of N$4.3 billion for July 2022 as exports stood at N$7.3 billion against imports of N$11.6 billion, with the overall total trade coming in at N$18.9 billion.
TransNamib has approached the High Court seeking to terminate a N$5.1 million contract it signed with Alliance Media six years ago after the latter failed to pay for advertising space as agreed.
Namibia has expressed its interest to participate on the lucrative Carbon Market - a trading system through which countries may buy or sell units of greenhouse-gas emissions in an effort to meet their national limits on emissions.
Namibian fuel retailers have challenged Mines and Energy Minister Tom Alweendo to implement comprehensive measures that allow the sector to return to profitability.
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Popular Democratic Movement (PDM) leader McHenry Venaani has called for a review of all oil exploration and extraction deals amid allegations the government could have negotiated in bad faith.
The Motor Vehicle Accident Fund of Namibia (MVA Fund) says its plans to establish a multi-million-dollar trauma centre have been dealt a huge blow by the government’s decision to slash its fuel levy.
Namibia is expected to experience acute horticultural products shortages for the remainder of this year following the import restriction of several products.
Namibia has threatened to exit the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) if global states ban trophy hunting.
