At the Namibia Investment Promotion and Development Board’s (NIPDB) annual general meeting held on 23 November 2023, Minister in the Presidency Christine//Hoebes indicated that following the completion of its initial 24-month operationalisation strategy, the NIPDB has effectively outgrown its infancy stage. As such, the minister directed the Advisory Board to review the entity’s governance structure,...
Diesel prices in Namibia will tomorrow dip below the intimidating N$20 per litre mark, while petrol prices are fast approaching the significant cost barrier. This is as the mines and energy ministry announced that petrol prices and the diesel prices of both variants (diesel 50 parts per million (ppm) and diesel 10ppm) will decrease by...
Namibia continues to demonstrate its commitment to green industrialisation by engaging with world-leading innovators such as Elon Musk, co-founder and CEO of Tesla. Recently, during a high-level meeting in New York, Namibia’s Green Hydrogen commissioner and economic advisor to the President James Mnyupe, alongside President Nangolo Mbumba, met with Musk to discuss Tesla’s Energy Master...
Namibia has been shortlisted as a finalist in the prestigious World Trade Promotion Organisation (WTPO) Awards 2024. Organised by the International Trade Centre (ITC), the awards recognise Trade Promotion Organisations (TPOs) that excel in leveraging innovative approaches to help small businesses compete on the global stage through effective trade development practices. The awards further celebrate...
Namibia Breweries Limited (NBL) yesterday announced its condensed consolidated interim financial results for the period ended 30 June 2024. Over the period, NBL delivered well on its strategy for the Heineken transaction, as the company’s diverse portfolio experienced volume growth in all beverage categories. At the same time, NBL continued to manage cash efficiently, given...
Pupkewitz Megaboards has launched a new retail branch, featuring an innovative range of products for customers looking to create state-of-the-art kitchens, cupboards, worktops, and add related accessories. This store is designed to be a vibrant hub for professional joiners, carpenters, and DIY enthusiasts, offering an expanded selection of premium products and customised solutions tailored to...
Namibia is formulating her 6th National Development Plan (NDP) to cover the period 2025 – 2030. The NDPs in Namibia have been facilitated through the National Planning Commission (NPC) under the Office of the President. The NPC defines NDPs as large-scale investment programmes to develop both soft and hard infrastructure for the development of the country....
Sintana Energy, a public Canadian oil and gas exploration company focusing on Africa and South America, is preparing to commence a four-well drilling programme targeting the Mopane complex in the Orange Basin off the Namibian coast. Sintana’s drilling campaign, which follows earlier oil discoveries in the vicinity, will investigate developing the oil and gas resources on...
MIAMI – The International Air Transport Association (IATA) announced collaborations with British Airways and Microsoft to further enhance the accuracy of IATA CO2 Connect for Cargo in calculating carbon emissions. The announcement was made at the IATA World Sustainability Symposium (WSS), currently taking place in Miami. British Airways will be contributing flight-level fuel burn data...
Bank Windhoek’s chief treasurer Claire Hobbs last week announced the release of the bank’s third annual Sustainability Bond Impact Report, highlighting ongoing commitment to responsible business practices and environmental stewardship for the 2023-2024 financial year. The Bank Windhoek Sustainability Bond was issued based on the sustainable bond framework. The bond’s first tranche was issued in...