LatestNews (150)

At least 50% of Namibians are languishing in poverty as the country continues to reel under economic headwinds, Prime Minister Saara Kuugongelwa-Amadhila has revealed.

The government will be acquiring a 24% stake on offer in the Hyphen Green Hydrogen project through a newly established sovereign wealth fund, an official has revealed.

Netherlands and Denmark have called for the fast-tracking of projects such as Green Hydrogen to provide jobs, and enable the youth to put the skills they have learned to good use.

Vehicle sales in Namibia experienced a slight decline in May 2023, with a total of 982 new vehicles sold, compared to 1,004 in April and 1,226 in March, latest figures show.

TransNamib Holdings Limited has signed a lease agreement with Sea Rail Botswana for their Gobabis section, rolling out the multibillion-dollar Trans-Kalahari Railway project, which aims to connect Botswana's abundant coal fields to Namibia's coast.

Despite making headway in constructing new power generating infrastructure, Namibia's progress remains inadequate in meeting its energy needs and substituting imports, the Institute for Public Policy Research (IPPR) has revealed.

Bank Windhoek financed 185 properties worth N$135 million in the Northern Region of Namibia in 2022.

The Chamber of Mines is still opposed to the government's move to offer a 15% free-carry ownership to Namibians in possession of Exploration Licenses (EPL), saying this will discourage potential investors.

Namibia is lobbying for financial inclusion at the United Nations (UN) Water Conference underway in New York, by proposing reforms in funding that seem to hinder middle- and upper-income countries from accessing monetary assistance due to their economic classification.

Standard Bank Namibia is set to assist local businesses import products from China by providing financial services and directly linking them to credible and vetted suppliers.

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