Economy

Economy (712)

The Ministry of Mines and Energy says it will provide funding for 400 off-grid households, which will be financed through the Solar Revolving Fund, in an effort to promote rural electrification.

The European Union (EU) says it plans to provide N$60 million in funding before the end of the year, to support the newly established Implementation Authority Office for the green hydrogen programme.

Namibia should start investing in infrastructure if its ambition of exporting electricity through the crafted Modified-Single-Buyer (MSB) market is to be realised, an expert has said.

President Hage Geingob says Namibia could benefit from Cuba's expertise and technology as it seeks to unlock and leverage renewable energy, thus ushering willingness to work together.

Chinese President Xi Jinping says that he will encourage Chinese companies to invest in Namibia, as the Asian nation looks to strengthen cooperation in various fields, including clean energy.

Namibia's verified oil and gas discoveries have ignited a surge of optimism, positioning the nation as a formidable player on the global energy stage.

President Hage Geingob says Namibia appreciates the BRICS principles which offer equality to nations willing to participate in global economic, financial and business opportunities.   

Among the three wholesalers for the month of August, Windhoek Cash and Carry provides a budget-friendly basket composition.

Of the eight most popular grocery supermarkets in Windhoek, Choppies offers the cheapest basket of standardised groceries for the second time running.

The government through the Ministry of Mines and Energy says it will be entering into a service-level agreement with the Northern Regions Electricity Distributor (NORED) on a grid-connection financing mechanism for rural electrification. 

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