Business / Economics

Nandi-Ndaitwah urges pensioners to be patient amid budget constraints

https://youtu.be/Af0vw4myfd0 By: Ludorf Iyambo President Netumbo Nandi-Ndaitwah has called on elderly Namibians to reduce their daily meals to just one, while the government figures out how to address the needs of the youth. Her figure of speech implies that senior citizens should be patient with the government regarding their pension increases. Nandi-Ndaitwah made the remarks during a recent visit to a centre for flood victims in Etunda, where she […]

24 April, 2025 35

Business / Economics

Namibia to become a leading energy hub

https://youtu.be/bbgcNWarBLw By: Eric Mhunduru President Netumbo Nandi-Ndaitwah says Namibia is on the path to becoming a leading energy hub in ambition and action. Nandi-Ndaitwah says Namibia is on a deliberate drive to move from oil discoveries to actual production without much delay but with responsibility. She, however, acknowledges that partnerships and strong technical governance are needed to achieve this. The President said this in a speech read by right-honourable […]

24 April, 2025 16

Business / Economics

China to increase market access for Namibian exports

By: Envaalde Matheus China has pledged to open its markets wider to Namibian exports, including agricultural products, energy, and minerals, as part of a broader push to strengthen economic ties. Bilateral trade between the two countries reached USD 1.3 billion in 2024. At the Beijing Forecast Summit in September 2024, China committed to increasing imports from Africa, with Namibia among the key beneficiaries. Chinese Ambassador to Namibia, Zhao Weiping, on […]

15 April, 2025 33

Business / Economics

FNB Namibia scoops award for Best International Private Bank for 3rd consecutive year

(Contributed Photo) By: Hertha Ekandjo FNB Namibia has been named the Best International Private Bank for the third consecutive year at the Euromoney Private Banking Awards held in London. This recognition solidifies the bank's position as a global private banking and wealth management leader. Euromoney's Private Banking Awards, now in their 20th year, are widely regarded as the most definitive and respected awards programme within the global banking industry. The […]

14 April, 2025 31

Business / Economics

President Nandi-Ndaitwah reaffirms Namibia’s commitment to green energy sector

By: Hertha Ekandjo President Netumbo Nandi-Ndaitwah has reaffirmed the government's strong support for the green energy sector, emphasising government’s commitment to creating a favourable environment for both local and international investors. Speaking at the official opening of the HyIron Oshivela Plant, one of the world’s first industrial-scale green iron production facilities, Nandi-Ndaitwah called on global investors to seize the opportunity presented by Namibia’s growing green economy. “The government’s objective is […]

14 April, 2025 42

Business / Economics

NamWater urges water rationing in Swakopmund and Arandis

By: Hertha Ekandjo NamWater has announced a significant reduction in potable water supply from the Orano Desalination Plant, which serves the coastal towns of Swakopmund and Arandis. The disruption, caused by sulphur upwelling in the Atlantic Ocean, began on Tuesday, 8 April 2025, and has already resulted in critically low reservoir levels. According to NamWater, the upwelling, an oceanic phenomenon influenced by weather patterns has affected the operations of the […]

14 April, 2025 23

Africa

Namibia needs US$ 9 billion (N$166.5 billion) to set up a nuclear power plant

By: Hertha Ekandjo Energy expert, Andreas Simon says Namibia needs between US$ 6 and 9 billion (N$166.5 billion) to set up a nuclear power plant depending on the scale and technology used. President Netumbo Nandi-Ndaitwah suggested over the weekend that Namibia should move towards a nuclear power plant. She said a mix of reliable energy and clean energy is needed to grow the economy and take people out of poverty. […]

14 April, 2025 297

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Business / Economics

Nandi-Ndaitwah urges mining sector to empower youth

By: Josia Shigwedha President Netumbo Nandi-Ndaitwah has called on Namibia’s mining industry to do more in creating sustainable opportunities for youth and contributing to local economic development. Speaking during a visit to Rössing Uranium Mine today, President Nandi-Ndaitwah emphasized that the government wants the mining sector to offer quality jobs, scholarships, training, internships, and support for young entrepreneurs. “We want mining companies to invest in the potential of our youth […]

12 April, 2025 64 1 2

Business / Economics

Koryx Copper lists on Namibian Stock Exchange

WINDHOEK, 10 April 2025 – Koryx Copper has officially commenced trading on the Namibian Stock Exchange (NSX) under the symbol “KYX”, following the completion of all requirements for a dual-listing. The Canadian-based company, which is already listed on the TSX Venture Exchange, says the dual listing reflects its strong ties to Namibia’s mining sector and offers local investors better access to the company’s shares. The TSX listing remains Koryx’s primary […]

11 April, 2025 34