The City of Windhoek approved 1 875 building plans valued at N$1.92 billion in the past 12 months. This marks a 2.8% year-on-year (y/y) decrease in the number of approvals, data from IJG Securities shows. However, this represents a 26.4% y/y…
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The African Development Bank’s Africa Visa Openness Index for 2024 places Namibia in the 21st position with a visa openness score of 0.653, up from 0.638 in 2023. This highlights the country’s moderate progress in facilitating travel among African nations…
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Northern Namibia recorded its highest occupancy rate of 72.38% in October, rising from 68.67% in September. This is largely due to increased demand from political rallies held in the area, latest data shows. Central Namibia saw an improvement of 55%,…
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Namibia is unlikely to face significant impacts from the European Union Deforestation Regulation (EUDR) due to the country’s limited forest coverage. This is according to Oxford Economics Africa economist Theo Klein. Klein highlights the importance of Namibia’s beef exports to…
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The Namibia Green Industrialisation Agenda (NGIA) is expected to significantly increase household income, potentially adding N$99.4 billion during its investment phase. This projection was shared during a panel discussion on the socioeconomic impact of green hydrogen in Namibia, hosted by…
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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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