Economy

Economy (712)

The Electricity Control Board (ECB) has lauded NamPower's endeavours to introduce bulk prepaid metres to various Regional Electricity Distributors (REDs) and other clientele, saying it is a sustainable move.

Namibia’s trade deficit widened by 58.3% to N$3.7 billion during the month of July as the growth in imports outpaced the rise in exports, latest data reveals.

Deputy Minister of Mines and Energy, Kornelia Shilunga, inaugurated a new five-member Electricity Control Board on Wednesday.

The City of Windhoek (CoW) has agreed to enter into an agreement with the Berlin Energy Agency (BEA) to conduct a feasibility study on the development of a solar photovoltaic mini grid for the Mix informal settlement.

Central Bank Governors from across Southern Africa are set to convene for the 57th Committee of Central Bank Governors (CCBG) meeting to be held in Swakopmund, Namibia on the 8th of September 2023.

The Environmental Investment Fund (EIF) has signed a Memorandum of Understanding (MoU) with the Erongo Regional Energy Distributors (ErongoRed) to provide 32 shack dwellers community houses with electricity. 

The Ministry of Mines and Energy has announced an increase in fuel prices by N$1.20 per litre for petrol and N$1.70 per litre for diesel, effective from the 6th of September 2023.

The City of Windhoek plans to construct a 25-megawatt (MW) solar photovoltaic (PV) plant as part of its broader commitment to diversify its energy sources and reduce its carbon footprint. 

In preparation for the COP26 summit the Namibian government committed itself to increase the number of electric vehicles (EVs) in the country as a method to reduce air pollution and greenhouse gas emissions.

The Ministry of Industrialisation and Trade says it will soon start consultations on the drafting of Special Economic Zone (SEZ) regulations and laws after the policy formulation was done last year. 

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