The Supreme Audit Institution (SAI) Namibia and SAI Norway are working together to conduct a special audit workshop on the Extractive Industries (EI), with a particular focus on gold minerals, from 11 to 15 March. The Office of the Auditor-General said this will serve as a platform for discussion on the preliminary findings of performance,...
November 12, 2024
Tag: Industries
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Statement by the President of the Construction Industries Federation of Namibia, Mr Nico Badenhorst
Hearing about the unexpected passing of President Hage Geingob, we, the CIF and the construction industry would like to pay our respects to His Excellency, Dr Hage Geingob. He steered the Namibia through difficult economic times and was relentless in including everyone in the Namibian House and maintaining peace in our country. His emphasis on...
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Eight new industries could emerge from the Green Hydrogen boom – Windhoek Observer
Martin Endjala James Mnyupe, the Green Hydrogen Commissioner, has revealed that the Green Hydrogen Programme, in collaboration with the Ministry of Industrialisation, Trade and Small Medium Enterprise Development and the Ministry of Finance and Public Enterprises, has identified eight potential new industries. This announcement was made last December during an update on the Green Hydrogen...
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Green Hydrogen related industries to create 26 000 jobs by 2030, N$24bn in value
Namibia aims to create 26,000 jobs in the green industrial sector by 2030, as the government identifies eight companies as part of the Green Industrialisation Agenda. Industries identified include solar panel and wind turbine assembly, critical raw minerals value addition, synthetic fuel production, and hot briquetted iron production, with early estimates noting that these industries...
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Quarter 3 economic growth soars to 7.2%: Primary Industries lead surge
During the third quarter (Q3) of 2023, the Gross Domestic Product (GDP) surged, recording a robust expansion of 7.2%, surpassing the 5.4% growth observed in the corresponding quarter of the previous year, as revealed by the country’s statistics agency on Thursday. Alex Shimuafeni, the statistician-general of the Namibia Statistics Agency, highlighted the economy’s commendable trend,...
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Revitalising Namibia’s Tourism and Hospitality Industries: A Path to Economic Recovery
The Global tourism industry, contributing approximately 10% to the global gross domestic product (GDP), holds immense significance. In Namibia, tourism and hospitality contribute N$7,7 billion, equivalent to 3,7% of nominal GDP, with an indirect contribution of N$24,8 billion or 12,0%. Despite its importance, the industry faced severe setbacks due to the Covid-19 pandemic, necessitating strategic...
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Digital fraudsters target financial services, travel and leisure industries – Windhoek Observer
Martin Endjala Namibia’s financial services providers and travel and leisure industries have reported the highest number of attempts at digital fraud in the first half of 2023, according to an analysis report by TransUnion Africa. These attempted fraud activities occurred between January 1st and June 30th, 2023. Out of all digital transactions made by consumers...
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Mining & fishing industries implored to invest in transport infrastructure
The Chairperson of the Parliamentary Standing Committee on Economics and Public Administration has called on the mining and fishing industries in the Erongo Region to invest in the development and upgrading of transport infrastructure. Natangwe Ithete made this call during a visit to the Trans-Namib train station at Walvis Bay. Ithete says it is disheartening...