Cenored-Okahandja electricity distribution JV dissolved

Cenored-Okahandja electricity distribution JV dissolved

The seven-year electricity distribution joint-venture (JV) between the Central North Regional Electricity Distributor (Cenored), and the Okahandja Municipality was on Tuesday dissolved and incorporated into Cenored’s businesses empire. This was announced by Cenored board chairperson, Kandali Iyambo on Tuesday at Okahandja in the presence of several Cenored board members, executives and the local authority councillors of Okahandja. Iyambo at the event stated that from now onward the electricity network infrastructure […]

November 14, 2023 10

Business / Economics

Bank Windhoek revamps its Maternity Benefit Payment

Bank Windhoek continually and proactively looks at steps to showcase its commitment to diversity, equity and inclusion, fostering a supportive environment where innovative gender collaborations are sought after and where all employees feel valued. This statement was made by Bank Windhoek’s Executive Officer of Human Capital, Retuura Ballotti, on Friday, 2 November 2023, when she announced amendments to the Bank's Maternity Leave Benefits. Ballotti said that the development is part […]

November 8, 2023 2

Business / Economics

Rinaani Musutua, an advocate for economic and social justice with the Basic Income Grant Coalition, provides her perspective on Namibia’s unemployment rate.

https://youtu.be/kpiINO-03g0 Following the recent mid-term budget review, which saw a substantial increase in budgets for seventeen government offices, ministries, and agencies, totaling 2.5 billion Namibian dollars, Rinaani Musutua, an advocate for economic and social justice with the Basic Income Grant Coalition, provides her perspective on Namibia's unemployment rate.

November 6, 2023 22

Business / Economics

Celebrating Excellence: Old Mutual Foundation Applauds Outstanding Student Achievements at the 2023 Namibian Scholars’ Investment Challenge

The Old Mutual Foundation takes immense pride in honouring the exceptional achievements of the teams who have illuminated the investment landscape at the 2023 Namibian Scholars' Investment Challenge (NSIC). At the 2023 NSIC Awards Ceremony, the Old Mutual Foundation came together to celebrate their exceptional achievements in a competition jointly presented by the Namibian Stock Exchange (NSX) and Future Media. The NSIC, a platform for both university and secondary school […]

November 2, 2023 9

Africa

Guyana Deserves to Develop its Oil and Gas, and so does Africa

At a time when both African and Caribbean nations are making great strides towards developing recently discovered oil and gas reserves, countries whose development was driven by hydrocarbons are accelerating efforts to transition to a renewable energy future. This transition has seen wealthy nations establish a ‘green agenda,’ one which does not take into consideration Africa’s economic needs. The African Energy Chamber (www.EnergyChamber.org), therefore, strongly calls for an end to […]

November 2, 2023 4

Business / Economics

An Opportunity to Deepen Trade and Investment between the United States and Namibia

By US Ambassador, Randy Berry “The United States is all in on Africa.” President Biden affirmed during the U.S.-Africa Leaders Summit last December. The future is Africa. On example is its youthful population: The median age on the continent is nineteen. By 2050, one in four people in the world will be in Africa. The United States wants them to be healthy and wealthy. What happens in Africa will affect […]

November 1, 2023 10

Business / Economics

Urgent need to relieve land degradation affected communities

There is a need to relieve pressure on communities experiencing overcrowding of livestock and land degradation, hence the government's commitment to protect resettlement is a fundamental aspect of social justice. According to Erongo Governor, Neville Andre Itope, there is a collective belief that if the above aspects are improved in the newly approved Resettlement Policy of 2023, the land reform programme will deliver the desired results. Itope was speaking at […]

November 1, 2023 10

Africa

Africa’s GDPs Exit the Pandemic Era Second to None

By Matthew A. Winkler via BizNews For all of Covid-19’s disruptions, one trend during the global pandemic presses on unabated. And that would be five of the world’s 10 fastest-growing economies continue to be based in Africa and at least several more on the continent over the next two years are poised to outperform the world. The coronavirus, if anything, accelerated the transition among Africa’s 54 countries to wireless, remotely engaged commerce […]

November 1, 2023 5

Business / Economics

Oil and green hydrogen industries can help in achieving Vision 2030: Iipumbu

By Suzith Tjitaura With only seven years left to Namibia achieving its vision of becoming an industrialised nation by 2030, Minister of Industrialisation and Trade, Lucia Iipumbu has expressed optimism that the discovery of oil and the potential green hydrogen industry will help this vision be achieved. Iipumbu, who made the remarks here during the official opening of the 67th Keetmanshoop Agricultural, Industrial and Tourism Expo on Tuesday, said should […]

November 1, 2023 21