LatestNews (73)

American multinational energy corporation Chevron has completed a major deal worth N$1.8 billion in Namibia that sees it take control of a coveted exploration licence close to the Venus and Graff discoveries by TotalEnergies and Shell respectively. 

Finance Minister Iipumbu Shiimi says the government will not write off post-independence debts owed by Local Authorities because it will not be fair for other institutions that have honoured their repayment agreement. 

Letshego Bank Namibia's collaborative summit with the African Union for Housing Finance (AUHF) and ATENU Developments has found that N$100,000 is sufficient to deliver a decent housing unit in the Havana informal settlement if serviced land is made available. 

The Namibian Competition Commission (NaCC) says it neither approved nor was it consulted regarding Airlink’s acquisition of a 40% shareholding in FlyNamibia. 

The Ministry of Mines and Energy has slashed petrol prices by N$1.00, but increased the Road Fund Administration (RFA) road user charges and the MVA Fund levy to their previous levels. 

 Minister of Mines and Energy Tom Alweendo, in his official capacity, missed a deadline to file an answering affidavit in a matter where his actions were deemed “unlawful” and “unfair” after dismissing Red Soil Energy and Mineral Exploration Company’s application for oil exploration. 

 TransNamib executives and staff who were flagged in a forensic report done by auditing firm Ernst and Young (E&Y) are now off the hook after the Anti-Corruption Commission (ACC) cleared them from any corrupt practices.

Namibia will miss its target of becoming a fully-fledged industrialised country by 2030, Chairperson of the parliamentary standing committee on Economic and Public Administration Natangwe Ithete, has warned. 

The CEO of the Namibia Chamber of Commerce and Industry (NCCI), Charity Mwiya, has chastised the implementation of laws and regulations that are making it difficult for start-up businesses to flourish. 

The South African Competition Commission has conditionally approved Heineken's proposed acquisition of a controlling interest in Namibian Breweries Investment Holdings Limited (NBLIH) and operations of Distell Group Holdings Limited.

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