Economic activity in Namibia took a hit in the second quarter of 2024, as business registrations fell sharply by 34%. Namibia’s business registrations drop by 34% This is compared to the same period last year, official data shows. The registration…
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The Namibia Power Corporation’s (NamPower) 40MW Otjikoto Biomass Power Station is set to inject between N$200 and N$245 million annually into the Oshikoto region’s economy. The investment will come from the procurement of wood chips from local farmers and contractors,…
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The Namibia Power Corporation (NamPower) has awarded a N$1.4 billion contract to a Chinese joint venture to build a 100-megawatt (MW) solar power plant. The engineering, procurement and construction (EPC) contract for the Rosh Pinah photovoltaic (PV) project was signed…
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The Namibian Financial Institutions Supervisory Authority (Namfisa) hosted a three-member delegation from the Securities and Exchange Commission of Zimbabwe. The delegation, headed by director for licensing, supervision, and surveillance Norman Maferefa, aimed to gain insights into Namfisa’s operations, specifically its…
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ORYX Properties says the Maerua Mall renovation and expansion project is now in its practical completion phase, with full completion expected by mid-November. The company says the mall will be fully operational in time for the 2024 December trade season.…
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China General Nuclear Power Group (CGN) has confirmed plans to build Namibia’s largest seawater desalination plant.This will be in collaboration with NamWater, following approval from the Namibian government. According to NamWater, the joint venture will involve CGN’s Namibian subsidiary, Swakop…
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Savanna Beef has secured a lucrative contract with global food giant GPS Food Group. This ensures a steady market for its products and provides valuable support for optimising production processes. According to Savanna Beef chairperson Mecki Schneider, a sales and…
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