Namibia poised to achieve first fiscal surplus driven by oil and gas by 2030s
Namibia’s economic outlook is poised for a major uplift following the discovery of oil and gas reserves, with the ...
Tag: economy
Namibia’s President defends oil sector oversight shift to the Presidency
President Netumbo Nandi-Ndaitwah says her decision to transfer the oversight of Namibia’s burgeoning oil and gas sector to the Presidency ...
Namibia urged to diversify economy to lessen reliance on mining and diamond sector
The Bank of Namibia (BoN) has stressed the urgent need for the country to diversify its economy and reduce reliance ...
Mining drives Namibia’s economy, but job growth lags behind – AfDB
The African Development Bank (AfDB) says since the mining industry is very capital-intensive, its direct employment effect (1.7% in 2018) ...
Namibia cautions against unrealistic expectations from oil discoveries
Minister of Mines and Energy, Tom Alweendo, says Namibia’s recent oil and gas discoveries in the Orange Basin will require ...
Unlocking opportunities for Namibians under the National Upstream Local Content Policy
By Mutindi Lydia Jacobs Cabinets approval of the National Upstream Petroleum Local Content Policy is being praised as a positive ...
Andrada invests N$402m in acquiring goods from Namibian suppliers
Andrada Mining Limited says it has invested N$402 million (£21 million) in Namibian suppliers, representing 95% of the company's total ...
Bank 0f Namibia warns of sustained diamond pressures beyond 2024
The Bank of Namibia (BoN) has warned that ongoing challenges in the mining sector, particularly the diamond industry, could extend ...
Husab Mine injects N$7.9bn into Namibian economy, creates over 6,000 jobs
Swakop Uranium says its Husab Mine contributed over N$7.9 billion to the Namibian economy last year through local procurement, taxes ...
Halliburton’s vendor initiative attracts 750 Namibian suppliers
#image_title Halliburton says its local supplier development initiative in Namibia has attracted significant interest, with more than 750 local vendors ...
