Investment

Zambia calls for regional action to address energy shortage

Speaking at the 30th session of the Intergovernmental Committee of Senior Officials and Experts for Southern Africa, held in Livingston, Zambia this week, the country’s Energy Secretary, Peter Mumba, called for urgent action to resolve the energy deficit facing the region. With nearly half of Southern Africa’s population lacking access to electricity, Mumba stressed the importance of regional collaboration to tackle the energy crisis and climate change, while addressing the […]

21 November, 2024 42

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Interview Transcripts

INTERVIEW: Usakos Mayor Irene Simeon-Kurtz Addresses Allegations of Mismanagement

In response to recent allegations regarding the Usakos Town Council, Mayor Irene Simeon-Kurtz spoke out to clarify misconceptions and defend the council's actions. During an interview, she expressed her disappointment with the Namibian newspaper, claiming that its reporting has been misleading and unfair. Simeon-Kurtz emphasized that the town is indeed developing and that the council has maintained transparency in its operations. The mayor outlined several ongoing initiatives aimed at […]

4 November, 2024 82 2

Namibia

City of Windhoek adopts plan for Groot Aub infrastructure

The City of Windhoek has addressed concerns raised relating to issues raised by local farmers in Groot Aub. The City of Windhoek says that they acknowledge that managing a fast-growing area like Groot Aub requires a comprehensive regulatory framework addressing land tenure, zoning, and infrastructure all aimed at enhancing residents’ quality of life. The Windhoek Municipal Council adopted an Action Plan that addresses a range of critical areas. The initial […]

31 October, 2024 65

Business / Economics

Nvidia dethrones Apple as the world’s most valuable company

Nvidia has dethroned Apple as the world's most valuable company following a record-setting rally in the stock, powered by insatiable demand for its specialised artificial intelligence chips. Nvidia's stock market value briefly touched 3.53 trillion US dollars, slightly above Apple's 3.52 trillion, according to data from the London Stock Exchange Group.

28 October, 2024 36

Business / Economics

Ojoma Ochai talks innovation during Namibia visit

Co-Creation Hub is helping Africa move towards a future of innovation and growth by using technology in different sectors. The hub also supports creative entrepreneurs with programs to prepare for investment, build ecosystems, and conduct research. The hub’s Managing Director, Ojoma Ochai talks about her visit to Namibia.

15 October, 2024 54

Business / Economics

Survey finds that 37% of Namibians avoid investment risks

The 2023 Old Mutual Financial Services Monitor shows that many Namibians are not investing. About 37% are not willing to take any risks, especially the youth. Jo-Ann van Wyk from Old Mutual Investment Group revealed that 30% of people prefer safe, low-risk options like savings accounts. Van Wyk further explains that on the other end of the spectrum, those who are more inclined to take risks understand that achieving […]

30 September, 2024 40

Namibia

NamWater invests N$5.2 million in filtration plants

NamWater has invested N$5.2 million in the installation, and commissioning of filtration plants in Kayengona and Shamvhura, located in the Kavango East region. According to CEO Abraham Nehemia, the Kayengona plant received N$2.4 million, while the Shamvhura pant was allocated N$2.7 million. These investments have implemented advanced filtration technologies,and as a result, residents now have access to clean water.

24 September, 2024 17

Business / Economics

Namibia creates one-stop investor center

The Namibia Investment Promotion and Development Board and Namibia Revenue Agency signed a Memorandum of Understanding that allows NamRA to set up an office at the NIPDB, creating a one-stop service center for investors. The NIPDB's senior Manager for Marketing, Communications, and Branding, Catherine Shipushu.

12 September, 2024 62

Business / Economics

EU commits N$495 million to Namibia’s hydrogen infrastructure

The European Union has announced a contribution of 25 million euros, approximately N$495 million, to support infrastructure investments for Namibia's green hydrogen agenda. The announcement was made by European Commissioner for Energy, Kadri Simson, during the Global African Hydrogen Summit in Windhoek. Separately, speaking at the summit, Vice President Netumbo Nandi-Ndaitwah pointed to the country’s rich deposits of minerals essential for clean technologies, alongside its abundant wind and […]

5 September, 2024 61