LatestNews (131)

NamPower is set to enter into a Power Purchase Agreement, and a Transmission Connection Agreement with the China Energy International Group, Riminii Investments Joint Venture, for the development and connection of the 50MW Wind Power Plant to the Namibian transmission grid.

Standard Bank Namibia (SBN) Holdings Limited has reported its highest-ever profit of N$624 million for the financial year ended 31 December 2022.

Webster Gonzo has been appointed as the Acting Chief Executive Officer (CEO) of TransNamib, effective from April 1, 2023, following the resignation of Johny Smith, who has been at the helm of the national rail institution for the last five years.

Namibia is lobbying for financial inclusion at the United Nations (UN) Water Conference underway in New York, by proposing reforms in funding that seem to hinder middle- and upper-income countries from accessing monetary assistance due to their economic classification.

Standard Bank Namibia is set to assist local businesses import products from China by providing financial services and directly linking them to credible and vetted suppliers.

Cabinet has resolved and tasked the Finance and Public Enterprises Ministry to speed up the process of devising ways to bring an end to the abuse of Public Servants' Employees Medical Aid Scheme (PSEMAS), which has cost the government millions in fraudulent activities.

The Ministry of Mines and Energy has warned Namibians to brace for more fuel price hikes in the coming months after it has announced a N$1.50 increase in the price of petrol, while diesel remained unchanged for the month of March.

The Road Fund Administration (RFA) says it has invested more than N$30 billion in road infrastructure in the country, leading Namibia to be ranked number one in Africa and 21 in the world in terms of quality of road infrastructure.

The Rössing Uranium Board has approved the Life of Mine Extension from 2026 to 2036 following the completion of the bankable feasibility study.

President Hage Geingob says the recent oil discoveries by TotalEnergies and Shell off the coast of Namibia have potential to propel the country to become a major oil producer in Sub-Saharan Africa.

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