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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Economic development

79 Results / Page 1 of 9

Background

Namibia

Windhoek appoints new Mayor and Deputy Mayor

  Windhoek, Namibia – Independent Patriots for Change (IPC) councillor Ndeshihafela Larandja has been elected as the new mayor of the City of Windhoek, with Clemencia Hanases from the Popular Democratic Movement (PDM) unanimously nominated as Deputy Mayor. This appointment marks the end of a leadership vacuum in the city, which has been without a mayor since December last year. In her acceptance speech, Mayor Larandja outlined two focus areas […]

todayJanuary 22, 2025 44

Namibia

Cunene delegation visits Khomas region

The Khomas Region and Angola's Cunene Province are exploring avenues for cooperation to address shared challenges faced by their local authorities. This initiative is part of a week-long visit by a delegation from Cunene Province, aimed at establishing a twinning agreement between the two regions. The proposed partnership seeks to foster collaboration in sectors such as education, agriculture, healthcare, waste management, and housing. By pooling resources and expertise, the regions […]

todayJanuary 21, 2025 21

Namibia

Rehoboth Unveils Major Projects for 2025/26

The Rehoboth Town Council has outlined several significant projects for the 2025/26 financial year to enhance economic development and local infrastructure. reports indicate that key initiatives include an Agra hub with a warehouse, auction pen, truck port, and shops, a modern hospital at Hillside, and the Allency solar plant. These projects aim to generate employment opportunities and improve services for the town's residents.

todayJanuary 16, 2025 10

Business / Economics

Shell’s challenges may reflect wider issues for oil drilling companies

Shell used the Deepsea Bollsta rig, formerly known as West Bollsta for its drilling campaign in Namibia's Orange Basin; Source: Odfjell Drilling   Energy lawyer Shakwa Nyambe has cautioned that the challenges Shell is facing in the Orange and Walvis Basins may soon affect other oil drilling companies operating in these regions. His remarks follow the UK-headquartered energy giant's recent write-down of US$400 million in the Orange Basin. Speaking to […]

todayJanuary 13, 2025 89

Namibia

Rehoboth Expands Boundaries to Foster Growth and Development

The Urban and Rural Development ministry has expanded Rehoboth's municipal boundaries by incorporating land from the Khomas Region, aimed at enhancing economic and property development opportunities. The newly included areas are situated near the B1 road and will host projects submitted by Sandwerf One and Two Investments (Pty) Ltd, specializing in agri-tourism and residential development. Desiree Pieters is the town council's PRO:  

todayJanuary 9, 2025 22

Business / Economics

Namibia retains AGOA eligibility

The United States has confirmed that Namibia will retain its eligibility for the African Growth and Opportunity Act (AGOA) benefits in 2025, alongside 31 other African nations. The announcement follows an annual review process by the US Trade Representative (USTR), including a July public hearing to assess compliance with AGOA’s criteria. AGOA is a trade agreement that promotes economic growth and development in sub-Saharan Africa by providing eligible countries with […]

todayJanuary 7, 2025 25

Business / Economics

President Ramaphosa Reaffirms South Africa’s Commitment to African Continental Free Trade

  S.A's President Cyril Ramaphosa says his country is committed to ensuring that continental economic development frameworks like the African Continental Free Trade Area are a success. He addressed the inaugural South Africa-Angola Business Forum in Pretoria yesterday. South Africa’s exports to Angola have grown by approximately eleven-percent since 2019. Ramaphosa says the country is seeking to revitalise its industrial base, modernise its infrastructure network, and strengthen logistics and supply […]

todayDecember 13, 2024 20

Business / Economics

Global demand and drought impact GDP

The Bank of Namibia has released the Economic Outlook update for December 2024. The domestic economy is estimated to expand by 3.5 percent in 2024 and 4.0 percent in 2025. However, GDP growth is expected to slow in 2024 due to weaker global demand for minerals and drought-related impacts. Here is Josefina Oskar from the Bank of Namibia.  

todayDecember 2, 2024 13