Economy

Economy (712)

The Government says it is still looking to craft the relevant sectoral legislation pertaining to regulating and licensing of the envisioned green hydrogen sector.

Trade between Namibia and South Africa grew to N$67.1 billion for both import and export last year, an increase from N$59.1 billion recorded in 2021, as the two countries continue to harness good partnerships, an official has said.

The Namibia University of Science and Technology (NUST) is collaborating with industry partners, namely the Namibia Petroleum Operators Association (NAMPOA), Recon Namibia, the National Petroleum Corporation of Namibia, and The Brief to host public lectures aimed at increasing public knowledge and awareness about the oil and gas sector.

The Bank of Namibia has increased the repo rate by 25 basis points to 7.25% and effectively bringing the prime lending rate to 11%.

The 25 basis points increase in the Repo rates from 7.0% to 7.25% announced on the 19th of April 2023 by the Bank of Namibia will not address the root causes behind the current inflationary pressure and if anything at all, it will only harm the economy.

Bank Windhoek's Chief Treasurer Claire Hobbs has revealed that Namibia is now fast tracking its economic growth through direct foreign investment following the recent discovery of oil and gas and lithium in the country.

Influencer relations is a very important part of an influencer marketing strategy. This allows brands to build a long-lasting relationship with influencers as well as making sure their brand receives the exposure it requires.

The government is set to conclude contractual negotiations with Hyphen Hydrogen Energy, a company awarded the bid to develop green hydrogen projects in Namibia, and with an investment of N $194 billion (€9.7 billion) needed for major infrastructures to kick off.

The Namibia Investment Promotion and Development Board (NIPDB) and the World Bank Group have provided N$60,000 in capital to three MSMEs from their Chelete Cage pitch night.

QatarEnergy has signed a Memorandum of Understanding (MoU) with the Ministry of Mines and Energy to strengthen cooperation in the energy sector.

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