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Hertta-Maria Amutenja The Ministry of Mines and Energy on Friday announced that petrol prices are set to increase by 70 cents per litre. Similarly, both types of diesel will increase by 40 cents per litre. In Walvis Bay, the new prices will stand at N$23.00 per litre for petrol, N$22.17 per litre for diesel 50 ppm, and N$22.37 per litre for diesel 10 ppm. The increases are slated to take effect in the first week of May. The ministry stated that adjustments in fuel prices across other regions of Namibia will be made accordingly. These changes come as the Ministry…

Martin Endjala The Bank of Namibia (BoN) on Friday launched the Instant Payment Project initiative that is set to revolutionise financial services across Namibia. The BoN Governor, Johannes !Gawaxab said the project aims to introduce an instant payment solution that is efficient, instantly accessible and designed for inclusivity. "The project aims to significantly broaden financial inclusion by providing essential and affordable financial services to all whilst focusing on the rural and informal sectors which face logistical and financial challenges in accessing conventional banking services," he said The targeted rollout is 2025. !Gawaxab explained that the platform will be accessible from…

Niël Terblanché The parliamentary standing committees on natural resources, economics, and public administration have called attention to what they perceive as inadequate efforts by mining companies in Namibia regarding their corporate social responsibilities. The findings, which stem from a series of meetings last year to enhance the sectors' contributions to the nation's development goals, were recently presented in the National Assembly. According to the chairperson of the parliamentary standing committee on natural resources, Tjekero Tweya, it has come to light that the execution of corporate responsibilities by mining firms is voluntary rather than legally enforced. “The findings raised some questions…

Martin Endjala NamPower inaugurated the newly constructed Auas-Gerus 400 kV transmission line that runs from the Auas transmission station outside Windhoek to the Gerus transmission station near Otjiwarongo. The line valued at N$870 million was inaugurated on Friday. NamPower’s managing director, Kahenge Haulofu said this will enable the power utility to continue delivering on its mandate, by ensuring continued and reliable power supply. "The transmission line will allow for an increased transfer capacity to NamPower's transmission customers and will enhance the company's ability to trade electricity between other countries within the Southern African Power Pool (SAPP)," said Haulofu. He said…