Industry

NamWater Reports Positive Inflows in Key Dams Across the Country

NamWater has reported significant inflows into major dams across the country following recent rainfall, boosting water security for agriculture, industry, and domestic consumption. According to the 24 February dam bulletin, Omatako Dam saw a substantial increase, now at 24.8% capacity, while Friedenau Dam reached 46.8%. The Otjivero Main and Silt Dams also recorded inflows, improving supply in the Gobabis region. In the south, Neckartal Dam, Namibia’s largest, rose to 81.2%, […]

February 25, 2025 34

South Africa

S.A. Minister Optimistic About 2025 Advancements in Science and Technology

S.A's Minister of Science, Technology and Innovation, Blade Nzimande, says 2025 promises to be another great year for advancing science and technology. The ministry’s spokesperson, Veli Mbele, says the department recently adopted an overarching mantra: placing science, technology, and innovation at the centre of government, education, society, and industry.

December 19, 2024 22

South Africa

S.A President says the government is pursuing policies that will foster black South Africans towards participation in the economy

S.A President Cyril Ramaphosa says the government is pursuing policies that will foster black South Africans towards participation in the economy. He addressed the Worker Share Ownership Conference hosted by the Department of Trade, Industry, and Competition at the Sandton Convention Centre. He believes worker share ownership will be critical in ensuring that no one is left behind. Ramaphosa hailed the initiative as a key step towards addressing inequality and […]

April 24, 2024 42

Business / Economics

The Bank of Namibia considers banking sector resilience buffer

The Bank of Namibia is considering adding a counter-cyclical capital buffer to improve resilience in the banking sector. This buffer, a macroprudential policy tool, recognises the dynamics of financial markets and economic activity. Its purpose is to strengthen banks against potential losses during economic stress periods. BoN Governor Johannes !Gawaxab says the central bank will begin consultations with the industry regarding the buffer's implementation.

December 18, 2023 19