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The administrator of the National Energy Administration of China, Zhang Jinhua, paid a visit to President Hage Geingob on Friday to establish cooperation in the area of green hydrogen production.

Robert Kahimise has taken on his new role as Chief Executive Officer (CEO) of the Electricity Control Board (ECB), as of April 1st, 2023.

In a bid to enhance collaboration, a Namibian company, Jabu Logistics and Estonian business delegation comprising Information and Communication Technology (ICT) experts recently came together under the theme, "A Night with Estonia." 

The Ministry of Works and Transport has allocated N$562 million towards the development of new railway lines as well as maintenance and rehabilitation of existing and old rail lines.

Analysts say the introduction of a road tolling system in the country is not feasible highlighting that operational costs and decreased economic activity in smaller towns will outweigh potential revenue generation.

Fitch Ratings has affirmed Development Bank of Namibia Limited's (DBN) Long-Term Issuer Default Rating (IDR) at 'BB-' and National Long-Term Rating at 'AA+(zaf)'. The Outlooks are Stable.

Namibian households are topping the list of credit uptake from commercial banks growing by 5% year on year in February, an increase from 4.9% in January, official figures reveal.

The South African Reserve Bank's (SARB) Monetary Policy Committee voted on Thursday to raise interest rates by 50 basis points (bps), contrary to market expectations.

Minister of Mines and Energy Tom Alweendo says his Ministry is actively exploring for oil and gas to become self-reliant in energy supply.

The Ministry of Environment, Forestry and Tourism (MEFT) has allocated N$80 million for development purposes. This amount is set to cater for the rehabilitation of old and new facilities as well as upgrading of tourist roads, sewerage and water supply in protected areas, including the fencing of national parks and conservancies. 

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