Development & Infra
Latest business and economic developments in development & infra across Namibia.
22h ago Synthesis Halted: Source Material Lacks Content for News Story
The automated news synthesis process was unable to generate a comprehensive news story due to the provided source material consisting solely of a title for an opinion piece, offering no substantive content for extraction or synthesis.
22h ago Namibia Invests US$126.5 Million in Walvis Bay Port Expansion with Six New RTG Cranes
Namibia has committed a substantial US$126.5 million towards enhancing the infrastructure of its Walvis Bay port, a strategic move that includes the acquisition and installation of six advanced Rubber-Tyred Gantry (RTG) cranes, signaling a concerted effort to significantly boost the port's container handling capacity and overall operational efficiency to solidify its status as a regional logistics hub.
Jul 27 Namibia and Tanzania Encouraged to Deepen Bilateral Trade Relations
According to a report by Informanté, Namibia and Tanzania have been urged to deepen their trade relations, signaling a call for enhanced economic cooperation and potentially greater integration between the two Southern and East African nations to unlock new growth opportunities.
Jul 27 Africa Business Weekly Spotlights Efforts to Strengthen Namibia-South Africa Trade
CNBC Africa's 'Africa Business Weekly' recently featured a segment dedicated to exploring strategies and opportunities for enhancing trade and economic cooperation between Namibia and South Africa, highlighting the importance of robust bilateral ties for regional stability and growth.
Jul 27 Namibia Tourism Board Initiates Joint Promotion Drive in Botswana
The Namibia Tourism Board (NTB), in collaboration with unspecified partners, has launched a strategic tourism and investment drive within Botswana, aiming to bolster bilateral economic ties and attract both visitors and capital to Namibia from its neighboring country.
Jul 27 Namibia Achieves 86% Adult Financial Inclusion, Reports The Namibian
Namibia has reportedly reached a significant milestone in financial accessibility, with 86% of its adult population now considered financially included, according to information cited by The Namibian newspaper, reflecting expanded access to banking and other financial services.
Jul 27 UNDP Highlights Namibia's BBB Urban Agriculture Project for Food Security in Swakopmund
The United Nations Development Programme (UNDP) has recognized Namibia’s BBB Urban Agriculture Project for its dedicated efforts in fostering food security and mitigating hunger within the community of Swakopmund, highlighting a localized approach to addressing critical nutritional needs.
Jul 27 South Africa-Namibia Business Forum Covered Live by SABC News
A business forum dedicated to fostering economic ties between South Africa and Namibia recently convened, with SABC News providing live broadcast coverage, underscoring media attention on cross-border business development within the Southern African region.
Jul 27 Namibia Launches Emergency Appeal to Address Severe Drought
Namibia has initiated an emergency appeal and a corresponding operational strategy, designated MDRNA014, to address the profound impact of severe drought conditions across the nation, aiming to mobilize essential resources for humanitarian assistance and support affected communities grappling with water scarcity and food insecurity.
Namibia Advances Development Efforts Across Agriculture and Maritime Sectors
Namibia is actively strengthening its development trajectory by conducting comprehensive reviews to unlock growth in its agricultural sector and embracing data-driven farming solutions, while the Namibian Ports Authority (Namport) simultaneously records a year of notable achievements in environmental and maritime sustainability initiatives, collectively aiming for a more resilient national economy.
Namibia's Economy Expands to N$64.8 Billion in Recent Quarter
Namibia's economy demonstrated significant expansion in the most recent three-month period, with official reports indicating its valuation reached N$64.8 billion, reflecting a positive trajectory amidst global economic uncertainties and signalling potential for continued recovery and growth across key sectors.
Jul 27 ReliefWeb Issues Multiple Updates on Namibian Drought Situation
ReliefWeb, a leading source for humanitarian information, has released a series of updates concerning the ongoing drought in Namibia, detailing operation progress and the broader impact of the crisis under the consistent reference MDRNA014, signaling continued international attention and response efforts.
Namibia Concludes Reception of China's Drought-Relief Rice Donation
Namibia has reportedly received the final consignment of a drought-relief rice donation from the People's Republic of China, marking the completion of a humanitarian aid initiative aimed at supporting communities affected by drought conditions.
Namibia Prioritizes Local Marine Pilot Development to Bolster Maritime Sector
Namibia is reportedly intensifying efforts and discussions around strategically investing in the training and development of local marine pilots, a move seen as critical for enhancing the nation's maritime strength, ensuring operational autonomy, and fostering sustainable economic growth within its vital port operations.
Standard Bank and RMB Secure N$2.1 Billion for Walvis Bay Port Upgrade
Standard Bank and Rand Merchant Bank (RMB) have successfully secured N$2.1 billion in funding designated for significant upgrade initiatives at Namibia's key Walvis Bay port, aiming to enhance the port's operational capacity and infrastructure to support regional trade and economic development.
Namibia Launches Port Call Data Sharing Pilot to Advance Green Shipping
Namibia has initiated a port call data sharing pilot program, an effort highlighted by organizations like the International Maritime Organization (IMO), aimed at enhancing operational efficiencies within its ports and significantly contributing to the global movement towards environmentally sustainable maritime practices, commonly known as green shipping.
Jul 27 South Korea Donates 5,000 Tons of Rice to Support Namibia
In a bid to alleviate food insecurity, the government of South Korea has donated 5,000 tons of rice to Namibia, in a move that aims to support the country's struggling population.