Economy (501)

With local fuel prices continuing on an upward trend following a 30 cents hike for the month of October and smuggling becoming rife in northern Omusati and Ohangwena regions, you might be  wondering  why Namibians are paying more for fuel than their Angolan neighbours.

South African President Cyril Ramaphosa says South Africa has proposed a possible hydrogen partnership with Namibia, as the neighboring country stands ready to be a major exporter of green hydrogen.

The Namibian government has done a sterling job at positioning Namibia as a premier producer of Green Hydrogen and Ammonia, and has recently accepted nine bids for developing the opportunity further, putting our country firmly on the radar for large scale international investors in the sector.

The Green Climate Fund (GCF) has approved the reaccreditation of the Environmental Investment Fund (EIF) for another  5-year period.

The Namibia Pavilion at the Expo 2020 Dubai was officially opened on Thursday by Minister of Industrialisation and Trade, Lucia Iipumbu and Mines Minister Tom Alweendo.

The Governor of the Bank of Namibia, Johannes !Gawaxab, says he is confident about Namibia’s ability to rebound from the economic scarring accentuated by the COVID-19 pandemic.

The Namibia Revenue Agency (NamRA) has revealed that its owed N$12 billion in taxes by individuals and corporates, an additional N$36 billion in penalties, with N$8 billion being debt interest accrued.

The value of Namibia’s exports in August 2021 increased by 41.5% to N$7.1 billion from the July 2021 level of N$5 billion, while imports stood at N$10 billion, an increase of 18.5% on a monthly basis and an annual growth of 12.1%, latest figures from the Namibia Statistics Agency (NSA) show.

Government through the Namibia Investment Promotion and Development Board (NIPDB) is seeking partners to manage and operate the existing New Container Terminal (NCT) at the Port of Walvis Bay.

Namibia could have capacity to produce over 6400 megawatts of power in the next ten years, based on proposals submitted under its Green Hydrogen Request for Proposals (RFP) bid which closed in September, President Hage Geingob has revealed.