Staff Reporters IN response to substantial under-recoveries and the adjusted Namport levy, the Ministry of Mines and Energy has announced an increment of N$ 1.52 on petrol prices and an increase of 72 cents on diesel prices per litre. The National Energy Fund will absorb the remaining under-recoveries. These adjustments will come into effect on...
The Ministry of Health is increasing its technological adoption as it seeks to increase efficiency, be cost effective, reduce wastage and expand its reach at the grassroots level. Health Cabinet Secretary (CS) Susan Nakhumicha said that in October 2023, President William Ruto assented to the Digital Health Act No.15 of 2023. The CS explained that...
Martin Endjala Finance and Public Enterprise Minister, Iipumbu Shiimi, says if the government was to honour the wish of late President Hage Geingob to increase old age pension to N$3,000, then an additional N$5.2 billion would have had to be availed compared to the current allocated N$4.8 billion for the 2024/25 financial year The plan...
The Minister of Finance and Public Enterprises, Iipumbu Shiimi, says increasing the old-age pension grant to N$2,000 or N$3,000 would cost the state N$10.1 billion a year, which would be more than double the current cost of N$4.8 billion annually. Shiimi said the deficit would have gone past the N$8.9 billion estimates, increasing it to...
Andrada Mining Limited, the African technology metals mining company with a portfolio of mining and exploration assets in Namibia, has recorded a 54% year-on-year (YoY) increase in tin concentrate production to 1 474 tonnes in the 12 months ended 29 February 2024. In the previous year the company recorded tin concentrate production of 960 tonnes....
Africa Oil Corp. has made a cash offer to acquire up to 8.0% of issued shares from minority shareholders in Impact Oil and Gas Limited. The offer is worth up to approximately US$64 million (about N$1.2 billion), which implies a valuation of US$805 million for 100% of the issued share capital of Impact. Africa Oil...
Keetmanshoop — The recent suspension of the Karasburg town council might lead to voters losing trust in the democratic political set-up in the //Kharas region. This is the view of political analyst Rui Tyitende, who told New Era that this incident might mean any political party may capitalise on it by virtue of gaining political...
Martin Endjala Public Policy Analyst and International Relations Expert, Dr Marius Kudumo, says that the government needs to wake up to start formulating plans and policies that speak to the needs of the growing population to avoid future catastrophes in its developmental agendas. Kudumo said the announcement of the Census Preliminary Population report on Wednesday...
Reconnaissance Energy Africa Ltd. (ReconAfrica), an oil and gas exploration company, has released an updated prospective resource estimate for the Damara Fold and Thrust Belt Area in Namibia. The estimate, supported by a Prospective Resource Report prepared by independent evaluator Netherland, Sewell & Associates, Inc. (NSAI), reveals an increase in oil potential in the area....
Business Reporter IN line with the mandate and mission of the Namibia Airports Company to ensure enhanced connectivity to Namibia, the Air Connect Namibia project (“the Project”) has been initiated. Bisey /Uirab, the CEO of the Namibia Airports Company (NAC) said that the purpose of the Project is to increase direct air access in-and-out of Namibia to...