PUMA Energy Namibia has put on hold its plan to install electric vehicle (EV) charging stations across the country, citing low EV adoption and high vehicle costs. Puma Energy Namibia general manager Adell Samuelson says the current EV market lacks affordability and sufficient range, discouraging potential buyers. “EVs remain quite unaffordable, with prices ranging from...
Puma Energy Namibia has put on hold its plan to install electric vehicle (EV) charging stations across the country, citing low EV adoption and high vehicle costs. Adell Samuelson, General Manager of Puma Energy Namibia, explained that the current EV market lacks affordability and sufficient range, discouraging potential buyers. “EVs remain quite unaffordable, with prices...
Festive season celebrations led to a low uptake of health services at Walvis Bay Corridor Group (WBCG) clinics at border posts. The WBCG provides health services at border posts to cross-border clients such as long-distance truck drivers and sex workers. WBCG project manager for wellness services Edward Shivute, in an interview with The Namibian on...
Martin Endjala Robert Kahimise, the Chief Executive Officer of the Electricity Control Board (ECB), has expressed concern about the low uptake of the Token Identifier (TID) project in the Namibian Electricity Distribution Industry (EDI). Only 13.4 percent of all electricity meters have been identified according to the TID project nationwide to date. Kahimise stated that...
Martin Endjala The Namibia Wildlife Resorts (NWR) has expressed disappointment in the relatively low number of Namibians taking up local travelling opportunities despite concerted efforts to promote domestic tourism in the country. The majority of visitors to NWR facilities remain Europeans, with a significant number hailing from Germany. “From November 2022 to November 2023 a...
Martin Endjala Despite the repo rate holding steady at 7.75 percent, corporate credit uptake remains weak due to the private sector’s reluctance to borrow under the current unfavourable economic conditions, where both economic activity and interest rates fail to stimulate credit demand for businesses. Economist and Independent Bank Researcher, Josef Sheehama provided this insight in...
Research firm, Simonis storm has said that due to due to uncertainty around interest rates, clients are hesitant to sign loan agreements and are waiting to see where interest rates are headed before taking on debt to start their projects. Subsequently therefore, the firm expects potential pipeline of projects to boost credit uptake by the...