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The Namibia Airports Company (NAC) has lamented the high barriers of entry to the aviation sector, a development which is limiting the active participation of Namibians in the industry through employment, management and ownership.

The government on Tuesday launched the SDG Namibia One at the United Nations Climate Change Conference, COP27, a new investment platform that will convene and coordinate activities related to the transition to, and exploitation of, the green hydrogen industry in Namibia and aims to mobilise up to N$17.8 billion (€1 billion) of investment capacity over the next 10 months.

Mines and Energy Minister Tom Alweendo says the government is in talks with Total Energies and Shell, who recently discovered oil off the coast of Namibia, to base their operations at Luderitz and not Walvis Bay.

The Ministry of Mines and Energy says Namibia has enough fuel, including diesel, to meet increased demands, amid production target cuts announced by the Organisation of the Petroleum Exporting Countries (OPEC).

The Agricultural Bank of Namibia (Agribank) is set to dispose of its ownership in the Witvlei Abattoir located in the Omaheke Region after five buyers lined up their bids.

 Namibia’s mining production targets for 2023 are under threat from the continued rise in fuel prices, the Chamber of Mines of Namibia has warned.

Namibia’s trade with the European Union has reached a cumulative N$33 billion over the last decade after the country exported goods worth N$24.4 billion to the bloc with imports valued at N$9.2 billion, statistics shared by the Delegation of the European Union to Namibia show.

Road Fund Administration (RFA) CEO Ali Ipinge on Tuesday says the organisation has identified 23 road sections for the establishment of tollgates in Namibia. 

Foreigners residing and working in Namibia owe the country’s banks N$7.6 billion as of September 2022, latest figures from the Bank of Namibia show. 

 Osino Resources has received a provisional confirmation from the Ministry of Mines and Energy for a 20-year mining licence for its Twin Hills gold project.

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