A MONTHLY WRAP-UP OF NEWS WORTH KNOWING
A MONTHLY WRAP-UP OF NEWS WORTH KNOWING Namibia eyes billion-dollar fish waste innovation opportunity Namibia’s fishing industry is setting its sights on a multi- billion-dollar opportunity by transforming fish waste into high-value products — from Omega-3-rich hake liver oil to collagen-based cosmetics and even medical treatments. According to fisheries expert and Namibia Ocean Cluster associate, […]
THE LONG-TERM INVESTMENT OPPORTUNITY THAT LIES IN NAMIBIA’S OIL AND GAS INDUSTRY
THE LONG-TERM INVESTMENT OPPORTUNITY THAT LIES IN NAMIBIA’S OIL AND GAS INDUSTRY As Namibia positions itself on the global energy map, the future of its oil and gas sector is becoming an increasingly compelling investment opportunity. However, this emerging industry is not one for the faint of heart, as the oil and gas space in […]
A MONTHLY WRAP-UP OF NEWS WORTH KNOWING
A MONTHLY WRAP-UP OF NEWS WORTH KNOWING PARCEL SERVICES DRIVE POSTAL INDUSTRY GROWTH Parcel services have become the primary driver of growth in the postal industry. Speaking at the recently held Southern African Postal Operators Association (SAPOA) Postal Forum, NamPost CEO Festus Hangula highlighted the shift, noting that while traditional mail volumes have decreased, parcel […]
A MONTHLY WRAP-UP OF NEWS WORTH KNOWING
A MONTHLY WRAP-UP OF NEWS WORTH KNOWING N$885M DEAL IN THE WORKS TO TRANSFORM NAMIBIA’S TELECOMS AND DIGITAL INFRASTRUCTURE The Namibian government is in discussions with the International Finance Corporation (IFC) to secure an investment exceeding N$885 million (US$50 million) to enhance the country’s telecommunications and digital infrastructure over the next five years. The initiative, […]
FINLAND EYES DEEPER PARTNERSHIP WITH NAMIBIA IN TECH, ENERGY, AND MINING
FINLAND EYES DEEPER PARTNERSHIP WITH NAMIBIA IN TECH, ENERGY, AND MINING Finland says it wants to strengthen its economic ties with Namibia built on closer cooperation in the technology, renewable energy and mining sectors. Finnish Ambassador to Namibia, Leena Viljanen, says Finland’s expertise and technology align well with Namibia’s development priorities, creating significant opportunities for […]
NAMIBIA, SWEDEN STRENGTHEN MINING SECTOR COLLABORATION
NAMIBIA, SWEDEN STRENGTHEN MINING SECTOR COLLABORATION Namibia is seeking to bolster its mining sector through strategic collaboration with Sweden, focusing on value addition and sustainable mineral processing. Speaking at the 10th session of the Namibia-Sweden Bilateral Working Group meeting, Deputy Minister of International Relations and Cooperation Jennely Matundu highlighted the potential for Sweden’s advanced mining […]
LIVESTOCK AND MEAT INDUSTRY THIRD QUARTER REVIEW FOR 2024
This article will review the performance of cattle, small stock and pork marketing in the third quarter of 2024, compared to the same period in 2023. Cattle sector An overall marginal increase in cattle marketing was recorded during the third quarter of 2024. Due to prevailing drought conditions coupled with better producer prices, slaughtering at […]
A MONTHLY WRAP-UP OF NEWS WORTH KNOWING
Namibia’s mining, financial, agricultural, and manufacturing sectors are advancing with new investments and government support. Over 600 new mining exploration applications reflect confidence in Namibia’s mineral wealth, although only 68 out of 162 active mining licenses are operational. The Bank of Namibia cut interest rates by 25 basis points to stimulate the economy amid low inflation. The Capricorn Foundation invested N$350,000 to train young Namibians in hospitality, aiding job creation. In manufacturing, the Trade Ministry is encouraging MSME participation in the beverage industry following AB InBev’s local production of Lion Lager. Additionally, Kadila Poultry Farming began operations, aiming to produce 400 tonnes of poultry monthly and create 350 jobs, reducing Namibia’s reliance on imports. These developments highlight progress across key sectors.
SUMMIT OF THE FUTURE
calls for renewed international cooperation and private sector engagement In September, global leaders gathered at the United Nations’ Summit of the Future in New York, addressing pressing challenges facing the world. The event provided a platform for world leaders to demonstrate political will and reaffirm their commitment to tackling global issues through enhanced international cooperation. […]
OIL AND GAS SECTOR ON THE BRINK OF MAJOR TRANSFORMATION
Exploration and discoveries Namibia’s offshore oil and gas sector is set for a significant transformation, following a series of major discoveries in recent years which include Graff-1, Venus-1, Jonker-1X, La Rona-1 and Lesedi-1X. These developments have attracted global oil and gas giants such as TotalEnergies, Shell, Chevron and ExxonMobil, alongside energy corporations like Galp Energia […]