The mining sector has shown a decline in revenue from N$51,572 to N$51,382 billion in 2024. This is contained in the Chamber of Mines’ 2024 Annual Review. The Chief Executive Officer at the Chamber of Mines, Veston Malango, says despite the decline, the industry performed well, as it contributed 13.3% to the Gross Domestic Product. […]
The Tsumkwe-Grootfontein road upgrade from gravel to tar, will be given priority by the Road Authority in terms of the regional road master plan document. At the opening of the one-day road master plan validation workshop, Otjozondjupa Governor John ||Khamuseb said the 279-kilometre stretch is critical in the region’s road infrastructure. A total of 23 […]
The Law Reform and Development Commission, in collaboration with the Motor Vehicle Accident Fund, is reviewing the MVA Fund Act. Proposed amendments to the legislation will now be subjected to nationwide consultations. The proposed changes aim to remove numerical values from the Act and move them to regulations. Senior Legal Officer for the Directorate of […]
The Namibian government has reiterated its dedication to a sustainable and low-carbon economy during a Parliamentary Green Investment Dialogue, held at Walvis Bay. The event brought together lawmakers, development partners, and industry players to advance the country’s green investment agenda. Central to the discussion was Namibia’s alignment with national frameworks like Vision 2030 and NDP6, […]
Former President Nangolo Mbumba has called on global societies to work together to build inclusive governance structures that prioritise the well-being of all people. Speaking at the Global Civilization Dialogue Ministerial Meeting in Beijing, China, Mbumba said issues such as poverty, youth unemployment, and unequal access to education and healthcare must be addressed to achieve […]
The Roads Contractor Company (RCC) said the tarring on the Uis-Henties Bay Road experienced delays due to financial challenges. The Uis-Henties Bay road upgrade repeatedly experienced delays. Last year in June, the former Minister of Works and Transport, John Mutorwa, visited the project and was informed about a delay due to funding. Despite the challenges, […]
U.S. President Donald Trump has added a 30% tariff charge on all South African products, effective from 1st August. President Trump, in a letter to his South African counterpart, Cyril Ramaphosa, stated that the 30% is separate from all sectoral tariffs. He said the tariff charges follow years of nonreciprocal trading relationships and are to […]
The National Petroleum Corporation of Namibia (NAMCOR) is currently facing a difficult financial and operational crisis, stemming from years of governance lapses, policy non-compliance, and systemic failures that have severely undermined the company’s stability. In a statement, NAMCOR acknowledged that despite a remarkable increase in revenue, from N$610 million in the 2017/18 financial year, doubling […]
The Namibian Agronomic Board (NAB) has constructed two houses for the customs officials serving at Buitepos along the Botswana and Namibia border. The total cost of the first phase of the project was about N$4.6 million, which included the servicing of land. The three-bedroom houses are fully furnished and have electricity and running water. The […]
The Business Summit Namibia returned for its fifth edition over the weekend, highlighting entrepreneurship as a key driver for economic change. The event drew leaders and visionaries from across sectors to tackle the country’s development challenges. Founded about five years ago, the Business Summit Namibia is a flagship initiative focused on driving economic transformation, collaboration, […]
