Economy

Economy (712)

 Green Hydrogen Commissioner James Mnyupe has warned authorities against formulating draconian laws relating to the oil and gas sector, saying such stringent legislation may scare away investors.

The Ministry of Urban and Rural Development says it has approved between 15% and 25% allowance increases for Mayors and Councillors at local authorities.

Namibia has been urged to prioritise solar and wind energy as the primary sources of power due to their cost-effectiveness and resilience in the face of climate change.

Medical Healthcare funds in the country are buckling under the pressure of increased cost of healthcare with five out of the eight registered funds currently operational, it has been revealed.

Finance and Public Enterprises Minister Ipumbu Shimi will be conducting mid-term budget review consultations in various regions across the country from 25 July to 12 August 2023, the Ministry has announced. 

The Government and Hyphen Hydrogen Energy on Monday launched the socioeconomic development (SED) framework for Namibia's landmark US$10-billion green hydrogen project.

Mobile Telecommunications Limited (MTC) and the MVA Fund have handed over four classrooms and one storeroom constructed at a cost of N$1.2 million to Kahunikwa Primary School in the Zambezi Region.

Oil and gas exploration company Eco Atlantic is currently in discussions with "at least" three companies expressing interest in acquiring significant stakes in its four prospective offshore licenses in Namibia's Walvis Basin.

Namibia Airports Company (NAC) has identified outdated infrastructure at the country’s airports as a major root course of challenges faced by passengers with disability during air travel.

Namibia is set to generate N$330 million in annual land rentals once operations commence at Hyphen Hydrogen Energy (Hyphen) for a 40-year period for the green hydrogen development company’s billion-dollar project. 

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