The Ministry of Mines and Energy has announced an increment of N$1.52 on the petrol price and an increase of 72 cents on both diesel prices per litre. The adjustments, which come into effect on Wednesday, April 3, 2024, will consequently see Walvis Bay prices adjusting to N$22.30 per litre for petrol, N$21.77 per litre...
Toyota engineers bent their minds around the idea of turning one of the company’s most recognised vehicles, the Hilux, into a partially electric vehicle without sacrificing its legendary capabilities. The result is an unconventional merger between the proven 2.8 litre diesel and a 48V charger battery combination that drives a generator which delivers up to...
Bank of Namibia governor, Johannes !Gawaxab says the central bank is committed to maintaining price stability and fostering sustainable economic growth. He said this after the bank hosted a monetary policy strategy session to bolster the understanding and implementation of monetary policy within the country. The session was held on Monday and saw representation from...
Stefanus Nashama The Ministry of Home Affairs, Immigration, Safety and Security says the work visa applications for employees of Mr Price shops to render services to the company’s Namibian branches, follow the same process as any other applications. The Ministry was responding to the allegations circulating on social media, which claimed some sources in the...
The Food and Agriculture Organization of the United Nations (FAO) reported a slight decrease in the benchmark for world food commodity prices in January. This dip was primarily led by decreases in cereal and meat prices, more than offsetting an increase in sugar prices, according to a statement this week from the agency. The FAO...
The Ministry of Industrialisation and Trade says price competitiveness remains a challenge for Namibia’s manufactured goods to penetrate lucrative markets. The Ministry’s Chief Information Officer, Elijah Mukubonda, said Nambiain manufactured goods are expensive due to high operational costs, including water, land, and electricity, as opposed to goods from other parts of the world, like cheaper...
Although the fuel price relief that consumers have enjoyed in the past two months looks set to continue, January’s petrol and diesel price decreases will be smaller than expected. This is thanks to higher international oil prices in the second half of December. The latest daily snapshot from the Central Energy Fund shows average over-recoveries...
Cavendish analyst James McCormack has reiterated a bullish price target for 88 Energy Ltd of 1.1p against a 0.35p publication price. It follows 88 Energy’s first foray into Namibia in a notable expansion of the oil and gas exploration and production company’s footprint. The group signed a deal with Monitor Exploration to earn up to...
There will be no change in the price of fuel during November. This was announced by the Ministry of Mines and Energy on Friday. Fuel prices at Walvis Bay will remain N$22,88 per litre of petrol, N$23,15 per litre of diesel 50ppm, and N$23,35 per litre of diesel 10ppm. Ministry spokesperson Andreas Simon said the...
