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Namibia in talks with OPEC over possible future membership

Namibia could one day become a member of the Organisation of the Petroleum Exporting Countries (OPEC), according to Secretary General Haitham al-Ghais. Speaking during a media briefing, al-Ghais revealed that the organisation is currently in discussions with several African nations regarding potential membership, naming Namibia as one of the countries with significant potential. This comes as Namibia gears up for its first offshore oil production, expected to begin by 2030, […]

todayJuly 16, 2025 5

News

NORED clears N$341 million debt with NamPower

The Northern Electricity Distributor (NORED) has cleared its N$341 million debt with NamPower, the national power utility, in June 2025. The repayment marks a critical financial milestone, given NORED’s role in supplying electricity across northern regions of the country. The move is expected to ease some pressure on the national grid and potentially help streamline regional energy distribution. Future Media’s Maria Namupala reports. play_arrow NORED clears N$341 million debt with […]

todayJuly 16, 2025 4

News

Air Connect Namibia welcomes expansion of Airlink’s Walvis Bay–Johannesburg service

Air Connect Namibia has announced the launch of Airlink’s second daily flight connecting Walvis Bay International Airport (WVB) and Johannesburg O.R. Tambo International Airport (JNB), effective 4 July 2025. Namibia Airports Company’s Spokesperson, Dan Kamati, speaks about the development:  play_arrow Air Connect Namibia welcomes expansion of Airlink’s Walvis Bay–Johannesburg service Tonata Kadhila   From Johannesburg (JNB): Flight 4Z141 departs at 10:20; Flight 4Z143 departs at 14:05.              […]

todayJuly 15, 2025 5

News

Funding cuts disrupt Namibia’s sustainable development monitoring

Namibia’s ability to monitor progress on the Sustainable Development Goals (SDGs) is under serious strain following the withdrawal of key international funding. The 2025 Sustainable Development Goals Report, compiled by the Namibia Statistics Agency (NSA) and the United Nations, highlights that the termination of critical donor support — including USAID’s long-standing backing of the Demographic and Health Survey — has left significant data gaps in health, gender, poverty, and education. […]

todayJuly 15, 2025 3

News

Namibia begins consultations with IAEA to develop nuclear power plant

Namibia has officially entered formal consultations with the International Atomic Energy Agency (IAEA) as it advances plans to develop a nuclear power plant. This ambitious energy project is expected to span at least a decade, reflecting the complexity and scale involved. Executive Director at the Ministry of Mines and Energy, Ben Nangombe, said that the project will be developed under stringent international guidelines. Namibia must meet 19 critical infrastructure criteria […]

todayJuly 15, 2025 5

News

Inflation inches up to 3.7% in June 2025

Inflation has climbed to 3.7% year-on-year in June, up from 3.5% in May, but still below the 4.6% reported in June last year. The increase marks a pause in the two-month slowdown trend observed earlier in the year.  According to Simonis Storm economist Almandro Jansen, the uptick was driven by modest price rises across food and non-alcoholic beverages (6.4%), alcoholic drinks and tobacco (6.9%), and housing and utilities (4.1%)—while transport […]

todayJuly 15, 2025 4

News

Home Loans Only, Says GIPF on Pension Scheme

The Government Institutions Pension Fund has clarified that its Pension-Backed Home Loan Scheme is strictly intended to help members buy or build houses. The Pension Funds Act limits pension access to housing purposes only, ruling out business ventures or personal spending, According to CEO Martin Inkumbi: play_arrow Home Loans Only, Says GIPF on Pension Scheme Leonard Witbeen The post Home Loans Only, Says GIPF on Pension Scheme first appeared on […]

todayJuly 15, 2025 5

News

PETROFUND Backs Youth Oil & Gas Summit in Walvis Bay.

The Petroleum Training and Education Fund has thrown its weight behind the upcoming Youth in Oil and Gas Summit, happening from 24 to 25 July in Walvis Bay. Under the banner “Drilling into the Future: Empowering Youth in the Oil and Gas Revolution,” the gathering aims to equip young people with key skills and industry knowledge. PETROFUND spokesperson Shoki Kandjimi: play_arrow PETROFUND Backs Youth Oil & Gas Summit in Walvis […]

todayJuly 15, 2025 13

News

Petroleum Fraud Case Expands to 71 Charges

  The National Petroleum Corporation corruption saga has deepened, with the number of charges now standing at 71. NewsOnOne’s Envaalde Matheus reports that the state is firmly opposing bail for nine accused, citing risks they might abscond, tamper with evidence or derail further arrests. The alleged fraud has rocked the sector, involving a staggering N$480 million. play_arrow Petroleum Fraud Case Expands to 71 Charges Leonard Witbeen The post Petroleum Fraud […]

todayJuly 15, 2025 6

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