Economy

Economy (712)

Mines and Energy Minister Tom Alweendo says Namibia will continue using fossil fuels despite pressure from developed countries for the world to adopt clean energy sources to combat climate change.

The Monetary Policy Committee (MPC) of the Bank of Namibia (BoN) has resolved to maintain the Repo rate at 7.75% after its bi-monthly meeting held on 14 and 15 August 2023.

The Central Procurement Board of Namibia says it is derailed by occurrences of fraudulent tender document submissions, in addition to litigation processes related to appeals.

Hyphen Hydrogen Energy (Hyphen) has entered into a partnership agreement with ILF Consulting Engineers (ILF), a global engineering and consulting firm, to facilitate the successful execution of its US$10 billion green hydrogen project.

Ladislaus Shikerete of Wapa-Nawa Recycling Centre has emerged as the winner of the 2023 Old Mutual Sustainable, Economic & Empowerment Drive (OM SEED) initiative for Kavango East.

 The Association of Local Authorities of Namibia (ALAN) says it will lobby for another increment of local authority councillors' allowances next year.

 The Roads Authority says it has completed the first phase of the Windhoek-Rehoboth Road and the Windhoek-Hosea Kutako Road, at a cost of N$300 million, over a duration of two years.

The newly created Implementation Authority Office under the Green Hydrogen Namibia Programme is set to embark on a recruitment drive of over 20 staff members, it has been revealed.

The Namibia Statistics Agency (NSA) says it will be spending approximately N$263.2 million on over 2,800 private vehicles which will be hired to ferry enumerators during the national census slated to commence in September.

The Brazilian government has donated N$2.2 million to implement five community-based food system projects in Namibia.

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