Economy

Economy (712)

A total of N$4 billion in fish and crustaceans, molluscs, and other aquatic invertebrates were exported in the first quarter of 2023, up from N$3.1 billion in the same period last year, recent data from the Namibia Statistics Agency (NSA) reveals.

Experts from Germany have embarked on a two-year study to analyse the establishment of a hydrogen economy in Namibia and explore the potential for exporting its by-products to Germany.

The Ministry of Finance and Public Enterprises (MFPE) has gazetted the Unsolicited Proposal (USP) guidelines allowing individuals and companies to propose ideas with the view of entering into an agreement with the government.

The Ministry of Environment, Forestry and Tourism has given individuals and businesses involved in the lotteries and gaming industries an ultimatum to fully comply with the Lotteries Act and the Gaming and Entertainment Control Act by registering their businesses by 31 August 2023.

The world is watching Namibia. To be more specific, the energy world is watching. Ever since oil and gas majors Shell (United Kingdom) and TotalEnergies (France) announced massive hydrocarbon discoveries in Namibia’s offshore Orange Basin in 2022, interest in additional exploration in the Southern African country has been intense.

Tower Resources has announced that the results from a recently completed basin and thermal maturity study conducted over its blocks in Namibia's Walvis Basin show evidence of a functioning petroleum system. 

We've all read about the 'Great Resignation', a phenomenon that took hold about a year ago and continues in the Southern African context. While it looks like it's been a very United States-centric transition, recent analysis shows that it's happening in South Africa too.

The Electricity Control Board (ECB) states that NamPower's disconnections as part of a debt collection plan have caused immeasurable damage to the economy, a position which could worsen if continued.

Denmark and the Netherlands are looking towards signing agreements with Namibia in the energy sector as the country forges ahead in piloting multibillion-dollar green hydrogen projects, The Brief has established. 

Namibia has become the first Southern African country to agree to the Convention on the Protection and Use of Transboundary Watercourses and International Lakes (UN Water Convention).

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