The Ministry of Mines and Energy has directed that the price of petrol and diesel remain unchanged for December. In a statement issued on Friday, the ministry says at Walvis Bay, the price of petrol will remain at N$20,25 per…

The Cabinet has ordered that a task force collecting water samples from boreholes in the Stampriet Aquifer should be set up. This was said by the Namibia Agricultural Union (NAU) in its latest newsletter after it received enquiries from producers…

The discovery of high-grade tin reserves at Goantagab mine in the Sorris Sorris Conservancy near Khorixas, has sparked expectations of job opportunities for community members. Goantagab chief operations officer David Tomas on Friday during a media tour said the company…

After a temporary setback caused by funding delays, construction at the N$300-million beef processing facility along the Windhoek-Okahandja highway has resumed. This was confirmed by Siegfried Schneider, the chairperson of Beef Value Chain Forum and Savanna Beef Operations, in a…

Toyota’s growing interest in Namibia’s green iron production is set to boost the country’s automotive sector while supporting global carbon neutrality goals. The company has expressed interest in Namibia’s green iron production through HyIron and simultaneously announced plans to align…

The Namibian Stock Exchange (NSX) has rebranded, and will now be trading as the Namibia Securities Exchange (NSX). The institution’s business administrator, Justina Nghinamanhu, shared this at the conclusion of the 2024 iteration of the NSX’s scholar investment challenge. The…

Namibia’s exports to Türkiye dropped significantly despite trade between the two countries amounting to about N$299 million between January and September 2024. This is compared to N$312.85 million in 2023. This was said by Ministry of Industrialisation and Trade spokesperson…

Namibia is set to import more than 340 000t of cereals during the 2024/25 marketing season. This is due to the drop in local production caused by severe drought this year. The bulk of these imports are white maize for…

Tempers flared on Friday afternoon when Windhoek City Police officers swooped down on unsuspecting fruit and vegetable vendors outside a Windhoek supermarket. The vendors operating in the parking area across the road from the supermarket, claim the police confiscated the…

Namibia borrowed a significant amount in October, issuing government debt securities totalling N$2.2 billion. However, due to the redemption of the GC24 bond, the overall increase in the country’s government debt was limited to N$956 million. The analysis says the…

Canadian company Koryx Copper continues to raise additional funds for the development of the Haib copper project in southern Namibia. According to a statement issued by the company on Friday, the offering grossed
US$5 200 892 (approximately N$93 million) from the…

Namibia’s headline annual inflation rate for October 2024 stood at 3%, compared to 6% registered in October 2023. Zone 2, which includes the Khomas region, recorded the highest rate of 4.2%. This is noted by statistician general Alex Shimuafeni in…