Observer Money

Telecom experiencing poor connectivity amidst fiber optic break
11 Aug

Telecom experiencing poor connectivity amidst fiber optic break

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Chamwe Kaira Kunene Grapes and Citrus Et Al (Proprietary) Limited is planning to grow fruits such as grapes, citrus and avocado at a plantation in the northern western part of Namibia. The fruits are planned to be grown on 670 hectares of land in Otjomaungu village in the Epupa Constituency that the company has applied for. According to information obtained by Observer Money, the agricultural activities will be conducted concurrently across the applied plot and is expected to be conducted throughout the two plot areas. The company is now planning to conduct an environmental management assessment under the Environmental Management…
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Communication companies only share passive infrastructure… but disputes arise from resistance to sharing active infrastructure
11 Aug

Communication companies only share passive infrastructure… but disputes arise from resistance to sharing active infrastructure

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Chamwe Kaira The Communications Regulatory Authority of Namibia (CRAN) has reported that dominant Licensees have shown a positive reception towards the sharing of passive infrastructure, and no conflicts have arisen in relation to this practice. CRAN introduced regulations regarding infrastructure sharing in October 2016, aiming to establish a framework that promotes fair and non-exclusive sharing of both passive and active telecommunications infrastructure by dominant licensees. CRAN emphasized the significance of active infrastructure sharing in facilitating open-access collaboration, leading to cost reductions that ultimately benefit consumers. This collaboration involves licensees utilizing the radio network of other operators, such as national roaming…
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100MW solar plant for //Karas region
11 Aug

100MW solar plant for //Karas region

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Chamwe Kaira Witputz Energy (Pty) Limited, a local company is seeking to become an active renewable energy provider in Namibia and is planning to set up a 100MW solar plant in the //Karas region. The company has already applied for about 150 hectares of land just west of Witputz village in the //Kharas Region, according to documents made available to Observer Money. Witputz Energy says it is planning to become a major player in the renewable energy sector in the south western part of Namibia. The solar power plant construction activities will be conducted concurrently across the proposed area. The…
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Urgent intervention needed to mitigate starvation: Nghituwamata
11 Aug

Urgent intervention needed to mitigate starvation: Nghituwamata

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Niël Terblanché DRASTIC interventions are needed to mitigate the increasing number of people who fall into a situation of severe food insecurity. The Executive Director of the Ministry of Agriculture, Water and Land Reform, Ndiyakupi Nghituwamata in an overview of the situation report on crop prospects, food security and the drought situation the lack of rain is at the heart of the situation where more people are facing starvation. In an assessment of the situation report on crop prospects, food security, and the drought scenario, Ministry of Agriculture, Water, and Land Reform Executive Director, Ndiyakupi Nghituwamata, , stated that the…
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Namibia’s Meatco expects a profitable year
11 Aug

Namibia’s Meatco expects a profitable year

info_e12wt4csObserver Money
Staff Writer Meatco ascribed the expectation to the high number of cattle sent for slaughter in that country at the moment. Meatco said in a statement that should the trend continue, it was likely that it could to lead to a consolidated recovery year. The company performed favourably in May and June by generating around N$107 million (about R106 million) and N$190 million (R188 million) in revenue respectively. Farmer’s Weekly previously reported on complaints by Namibia’s beef cattle producers about late payments from Meatco, as well as the dire financial state the company found itself in. Meatco in the meanwhile…
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Eiseb appointed Financial Intelligence Centre director
10 Aug

Eiseb appointed Financial Intelligence Centre director

info_e12wt4csFeatured, Observer Money
Staff Writer BRYAN Eiseb has been appointed as the incoming Director of the Financial Intelligence Centre (FIC), with his tenure beginning in January next year. This was revealed by Bank of Namibia (BoN) Governor, Johannes !Gawaxab, who also serves as the Chairperson of the Anti-Money Laundering and Combating Terrorism Council, in a media statement yesterday. The nomination of Eiseb comes at a key juncture, following the 2022 Financial Action Task Force Mutual Evaluation. Namibia is expected to demonstrate its ability to prevent and combat money laundering as well as the financing of terrorist and proliferation funding operations, according to the…
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Govt assessing market appetite to sell remaining MTC shares
09 Aug

Govt assessing market appetite to sell remaining MTC shares

info_e12wt4csObserver Money
Niël Terblanché ELECTRICITY generated by wind turbines will add to the supply of clean energy already used by Orano Mining Namibia to desalinate seawater at its plant near Wlotzkabaken. InnoSun Energy Holdings, a subsidiary of the French company InnoVent, will start work on the construction of a 10 Mega Watt wind farm at Trekkopje in the Namib Desert. The aim of the project is to supply clean electricity to the Erongo water desalination plant owned by Orano. A year ago, InnoSun signed a ten-year power purchase agreement (PPA) with Orano Mining for five MW of electricity supplied from a solar…
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Green energy drives desalination
09 Aug

Green energy drives desalination

info_e12wt4csObserver Money,
Niël Terblanché ELECTRICITY generated by wind turbines will add to the supply of clean energy already used by Orano Mining Namibia to desalinate seawater at its plant near Wlotzkabaken. InnoSun Energy Holdings, a subsidiary of the French company InnoVent, will start work on the construction of a 10 Mega Watt wind farm at Trekkopje in the Namib Desert. The aim of the project is to supply clean electricity to the Erongo water desalination plant owned by Orano. A year ago, InnoSun signed a ten-year power purchase agreement (PPA) with Orano Mining for five MW of electricity supplied from a solar…
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More green hydrogen projects on the way
09 Aug

More green hydrogen projects on the way

info_e12wt4csObserver Money,
Niël Terblanché HYDROGEN fuel cell technology, which generates electricity to power most modes of transportation, is gaining traction, and Namibia, with its abundance of sunshine, is ideally positioned to promote the creation of green hydrogen required for exportation. Work is being done to identify cost-effective ways to use solar or wind energy to create hydrogen via electrolysis. Because the minerals in salty seawater conduct electricity generated by solar or wind energy far better than fresh water, it is perfect for electrolysis. Cleanergy Solutions Namibia intends to become Namibia's first company to manufacture commercial-grade hydrogen from water using renewable energy sources…
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Mnyupe to lead GH2 Implementation Authority
08 Aug

Mnyupe to lead GH2 Implementation Authority

info_e12wt4csObserver Money,
PRESIDENTIAL Economic Advisor, James Mnyupe, who is also the Green Hydrogen Commissioner, has been assigned to manage the Green Hydrogen (GH2) Implementation Authority Office at the Ministry of Mines and Energy under the GH2 Namibia Program. According to a media statement issued by the Ministry of Mines and Energy on Monday, Mnyupe will manage the program as its Commissioner for five years, reporting directly to the Minister of Mines and Energy. “In this regard, he will be in charge of assembling the necessary team to propel the program’s success in the coming months. Mnyupe will continue to serve as Economic…
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