Business / Economics Archives - Page 31 of 184

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

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

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

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

Business / Economics

Bank of Namibia pushes financial innovation at Cirrus Investor Conference

Bank of Namibia Governor Johannes !Gawaxab WINDHOEK – The Bank of Namibia has reaffirmed its commitment to financial innovation and stability at the 2025 Cirrus Investor Conference, held this week in Windhoek. Governor Johannes !Gawaxab delivered the keynote address, highlighting the bank’s strategy to build a future-ready, inclusive financial system. During his speech, !Gawaxab noted that Namibia’s economy grew by 3.7% in 2024. This was a slight dip from 4.4% […]

10 April, 2025

Business / Economics

Namibia commits to balanced global diplomacy

https://youtu.be/jyx-k9a7CfA By: Envaalde Matheus President Netumbo Nandi-Ndaitwah has pledged to balance international relations and strengthen ties with global powers, including the U.S., China, and Russia—in Namibia’s national interest. In an interview with Al Jazeera, she revealed that both U.S. President Donald Trump and Chinese President Xi Jinping sent congratulatory messages and special envoys to her inauguration. While she has not received direct calls from either Trump or Jinping, Nandi-Ndaitwah […]

8 April, 2025

Business / Economics

SADC to review reciprocal tariffs impact

(Contributed Photo) In response to the reciprocal tariffs recently imposed by U.S. President Donald Trump, the Southern African Development Community (SADC) announced today that it will undertake a comprehensive assessment of the effects of global geopolitical developments on various sectors across the African region. The findings will be presented at an extraordinary meeting of the SADC Council of Ministers scheduled for June 2025. Additionally, the SADC Secretariat will evaluate the […]

8 April, 2025

Business / Economics

NamRA surpasses revenue target for FY2024/5, collects N$88.6 billion

By: Hertha Ekandjo The Namibia Revenue Agency (NamRA) has exceeded its revenue target for the financial year FY2024/5, collecting a net total of N$88.6 billion, which amounts to 103.81% of the target of N$85.3 billion. For the period from April 1, 2024, to March 31, 2025, NamRA collected N$98.9 billion in gross revenue. After refunds totaling N$10.4 billion, the net revenue stood at N$88.6 billion. Comparing this to the previous […]

8 April, 2025

Business / Economics

Over 200 businesses participate in Hyphen Local Content Roadshow

By: Selma Taapopi More than 200 businesses attended the Local Content Roadshow (LCR) organised by Hyphen Hydrogen Energy (Hyphen), which took place in Swakopmund on 27 February, Oshakati on 14 March, and Lüderitz on 27 March. The roadshow is part of Hyphen's ongoing efforts to provide local businesses with vital, economically relevant information to help them capitalise on upcoming opportunities during the construction and operational phases of the project. […]

8 April, 2025