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NamPower says it has signed a Power Purchase and Transmission Connection agreement with CERIM Luderitz Energy for the development of the 50 megawatts Luderitz wind power plant on a Build-Own-Operate Basis.

The Association of Local Authorities in Namibia (ALAN) says the country requires about 50,000 units to be constructed countrywide in the next 10 years to solve the current housing crisis.

The Agence Française de Développement (AFD), the Development Bank of Namibia (DBN), and the Bank of Namibia (BoN) SME Economic Recovery Schemes have benefitted over 520 customers with funding exceeding N$243 million, an official has said.

The Namibian Ports Authority (Namport) has reported an 87% increase in passenger vessel calls for the 2022/2023 financial year compared to the previous year.

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.

The Ministry of Mines has issued a warning about the finite nature of mining resources after B2Gold announced the scaling down of operations at its Otjikoto Mine.

Namibian analysts say the country should brace for another interest rate hike this week as the Bank of Namibia (BoN) Monetary Policy Committee meets.

The Ministry of Environment, Forestry and Tourism says Namibia requires about N$255 billion to fully implement the Nationally Determined Contribution (NDC), a climate action plan to cut emissions and adapt to climate impacts.

Labour, Industrial Relations and Employment Creation Minister Utoni Nujoma suggests that closing the country’s borders to avoid overreliance on imports could translate to more local production and creating more jobs for locals to reduce the high unemployment rate in the country.

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