WINDHOEK, NAMIBIA — Ahead of COP27, Namibian and European Union officials say they have reached an agreement for Namibia to export rare earth materials to the EU. According to Erasmus Shivolo, commissioner of mines at Namibia’s Ministry of Mines and Energy, the EU is interested in developing the mining of minerals like lithium, cobalt and graphite, which are currently mined

Mobile Telecommunications Limited (MTC) on Tuesday launched the ‘MTC 4LIFE’ project, a socio-economic initiative aimed at reducing youth unemployment and empowering Namibians to become self-employed in the Small and Medium Enterprise (SME) sector. This will be done through a training and upscaling programme for young people aged 21 to 35 years old to gain practical and entrepreneurial skills, as well

The Bank of Namibia (BoN) has raised the repo rate by 75 basis points from 5.5 per cent to 6.25 per cent, BoN Governor Johannes !Gawaxab said on Tuesday. He was speaking during the announcement of the monetary policy statement in Windhoek, where he said domestic economic activity had improved during the first nine months of 2022. “Inflationary pressure remains

The Ministry of Agriculture, Water and Land Reform today announced that it has lifted control measures imposed following an outbreak of Lungsickness in most parts of the Northern Communal Areas since February. The Executive Director in the ministry, Ndiyakupi Nghituwamata, in a media statement said the disease has been confirmed in the Kavango West and East, Ohangwena, Omusati and Kunene

Government’s long-term revenue position remains a question mark despite the better-than-expected revenue collected, as economists are concerned about the ‘daunting’ reality of the country’s high debt levels. On Tuesday, Finance Minister Iipumbu Shiimi tabled the 2022/23 mid-term budget review of N.dollars 65.6 billion that was made possible by improved revenue collection which stood at N.dollars 30.4 billion by September 2022