Consumers in the |Khomas Region paid more for average retail prices of selected products for December last year compared to other regions. This is contained in the Consumer Price Index released by the Namibia Statistics Agency (NSA). The Zonal inflation rates for December last year revealed that the |Khomas Region, placed in zone two, recorded […]
Mines and Energy Minister Tom Alweendo stated that Shell’s announcement regarding the unviability of discoveries in PEL39 is unfortunate but will not hinder Namibia’s oil and gas development. Alweendo, on his LinkedIn profile, expressed optimism about the remaining potential in PEL39 and ongoing exploration campaigns, highlighting TotalEnergies’ progress in Block 2913B and Galp’s efforts in […]
Economist Mally Likukela unpacked the potential effects and challenges of the 2024/25 budget review tabled by the Minister of Finance, Iipumbu Shiimi, in October last year. According to him, the budget review is well aligned with the fiscal policy processes. The minister revised the country’s growth projections, lowering them from 4% to 4.6%. Likukela, in […]
Shell Namibia says the US$400 million write-down of its petroleum exploration license, PEL 39, is not a complete walkaway from the asset but rather a normal accounting procedure. This comes after reports that Shell has written down the resources, which spread like wildfire in the oil and gas industry. The international reports said the decision […]
The National Petroleum Corporation of Namibia (Namcor) remains optimistic that Namibia will become a crude oil producer, despite an announcement by Shell that its offshore oil discovery is not commercially viable. Namcor’s spokesperson, Utaara Hoveka, says the corporation remains firm in its conviction that Namibia is a rich oil province that remains largely under-explored. Hoveka […]
The General Secretary of the Namibia Food and Allied Workers Union (NAFAU), Jacob Penda, has called on employers to comply with the National Minimum Wage, effective 1 January 2025. To ensure adherence, he urged the Ministry of Labour and the Office of the Labour Commissioner to set up a team to monitor compliance and enforce […]
Trade and Industrialisation Minister, Lucia Iipumbu, officiated the commencement of the construction of Onandjaba Village Council Open Market. The construction of the open market aims to foster inclusive economic growth and create opportunities for small and medium enterprises. The groundbreaking ceremony was attended by constituency councillors, development heads and planners, small and medium enterprises, and […]
The visit by the Foreign Affairs Minister of China, Wang Yi, reaffirms the importance of the relations with Namibia, as the two countries focus on implementing bilateral agreements. This was emphasised by Chinese Ambassador Zhao Weiping ahead of Minister Wang’s arrival in Namibia, as a first stop among the number of African countries he is […]
Katima Mulilo has made significant strides in infrastructure and community development throughout 2024, marking a year of progress and laying the groundwork for future projects. The town’s mayor John Ntemwa said this in his address during the New Year’s Eve countdown. One of the notable achievements is the completion of the Lifasi Road upgrade, enhancing […]
Swakopmund’s Mayor, Blasius Goraseb, unveiled the town’s theme for 2025, which centres around empowerment. The theme, Goraseb, says reflects the town’s commitment to strengthening its community and economy through initiatives that focus on education, skills development, and inclusivity. Goraseb emphasized that 2025 would be a year dedicated to creating opportunities for individuals, particularly in areas […]
