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

Economic development

70 Results / Page 5 of 8

Background

Opinion Pieces

Reflection on local content policies: A catalyst for Namibia’s economic development and growth

      Opinion piece By Josef Kefas Sheehama   On April 16–18, 2024, in Lüderitz, the Namibia Chamber of Commerce and Industry (NCCI) and Antila Consultancy organized a local content oil and gas conference with the theme, "Empowering Namibia's Energy Ambitions by Connecting Industry and Indigenous Talent." According to Article 100 of Namibia's Constitution that, " Land, water, and natural resources below and above the surface of the land […]

todayApril 24, 2024 11 2

Business / Economics

About 10 billion barrels of oil discovered off Namibia’s coast

An estimated 10bn barrels of oil has been discovered in Namibia, Portuguese oil company Galp Energia has said. The company told Bloomberg News that it had made the potential find after concluding its first phase of oil exploration in the Mopane field off Namibia's coast. Vast oil and gas reserves have been discovered in Namibia's Orange Basin, where Mopane is located, in recent years. Namibia is eyeing an entry into […]

todayApril 22, 2024 94

Business / Economics

Namibia Breweries Limited receives double honour for revenue contribution in 2023

Namibia Breweries Limited has been awarded the “Overall Highest Trader Revenue Contribution” for the year 2023 by the Namibia Revenue Agency showcasing the NBL’s tax compliance and overall positive contribution to the development of the local economy. NBL was awarded in the category of the “Highest Contributor of Customs and Excise,” which relates to the revenue collected mainly on customs and excise duties and Value Added Tax for the period […]

todayApril 18, 2024 56

Namibia

European Union launches €16 million ECD reform programme in Namibia

The European Union Delegation to Namibia has launched an Early Childhood Development Reform Programme at the Harmony ECD Centre in the Mix settlement. The ECD Reform Programme is an EU-flagship programme on early childhood development and pre-primary education aimed at contributing to a well-educated and skilled society in Namibia which can play an active role in the nation’s social and economic development. The programme has a budget of Euro 16 […]

todayApril 18, 2024 39

Africa

Africa’s millionaire population expected to increase by 65%

There is USD 2.5 trillion in total investable wealth currently held on the African continent, and its millionaire population is set to rise by 65% over the next 10 years. This is according to the 2024 Africa Wealth Report, published by Henley & Partners and wealth intelligence company New World Wealth. In its 9th edition, the latest report reveals that there are currently 135,200 high-net-worth individuals with a liquid investable […]

todayApril 16, 2024 4

Business / Economics

Namibia’s digital nomad visa takes lead over South Africa’s

South Africa is following in Namibia's footsteps. This as the country is planning a policy reform with new visa regulations. SA is introducing the digital nomad visa for remote work if earnings exceed R1 million. Bloomberg News reports that a point-based system will replace the critical skills list, with criteria set for publication by the end of April. Also, requirements for police clearance certificates and other documents are being relaxed. […]

todayApril 9, 2024 35

Business / Economics

Saudi Arabia pledges support to Pakistan

The Pakistan foreign office on Monday announced that Pakistan and Saudi Arabia have reiterated their dedication to accelerate an investment package worth $5 billion previously discussed. This reaffirmation came one day after Prime Minister Shehbaz Sharif met with Saudi Crown Prince Mohammed bin Salman. Separately, the Diplomat reports that in the recent discussions, Riyadh might have encouraged Pakistan to regain financial stability by entering into an arrangement with the International […]

todayApril 9, 2024 36

Namibia

Bank of Namibia engages stakeholders on oil and gas projects in the //Karas region

Bank of Namibia Governor,  Johannes !Gawaxab, has engaged stakeholders in Lüderitz about the potential from recent oil and gas discoveries and green hydrogen projects. The event, spanning from April 3 to April 4, 2024, included a public lecture titled "Positioning Namibia’s Oil & Gas Endowments: Avoiding the Dutch Disease". Kazembire Zemburuka, Director of Strategic Communications and International Relations, at the Bank of Namibia.

todayApril 4, 2024 65

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