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LatestNews (123)

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.

Namibian companies have exported goods and services to the United States of America valued at N$43 million (US$2.7 million) over the past three years under the African Growth and Opportunity Act (AGOA).

Namibia has recorded a trade deficit of N$2.5 billion with the rest of the world, figures from the Namibia Statistics Agency show.

Trigon Metals has suspended mining operations at Kombat Mine as it revises its mine plan to reduce operating costs.

Profile Investments has reached an agreement with Bank Windhoek to repay a N$5.7 million debt and make one of its properties in the capital executable should the company fail to honour its obligations.

TransNamib is set to resume its rail passenger service which was suspended nearly two years ago due to obsolete and insufficient locomotives, rolling stock and unreliable railway lines.

Namibia's economic performance continues an upward trend, recording a positive growth of 5.3% in the first quarter of 2022 compared to a decline of 4.9% registered in the corresponding period last year, the Namibia Statistics Agency (NSA) announced on Thursday

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