First Independent Mena Newspaper
The Namibian first lady has promised to donate all her wealth to charity when she dies. “I strongly believe that inheritance is one of the biggest drivers of inequality,” First Lady Monica Geingos told Reuters. Monica Geingos plans to leave her wealth, estimated at $3 million, to her One Economy Foundation. The foundation currently lends […]
Namibia and Botswana are working together on a 5,000 MW solar megaproject, Global Future Councils of the World Economic Forum said. Financial institutions such as the African Development Bank (AfDB), the World Bank and the International Renewable Energy Agency (IRENA) are members of the Global Future Councils. The megaproject provides for building both photovoltaic and […]
Namibia, which is hosting a two-day economic summit July 31 to August 1, expects to attract at least $1 billion worth of investments over the next two years. The summit, themed “Economic Revival for Inclusive Growth—Strengthening the Namibian House”, is expected to play a role in reviving the Namibian economy, creating jobs and attracting investments. […]
In Namibia, German firm Droege Energy, one of the independent power producers (IPPs) that have signed power purchase agreements with Electricity Supply Corporation of Malawi (ESCOM), plans to install floating solar power panels on the Lake Malawi. The information was disclosed at the signing ceremony Monday of 14 power purchase agreements (PPAs) involving ESCOM, Malawi […]
The government of Namibia has declared a national state of emergency in view of the drought that has hit several areas in the country. A statement released by the Presidency of the Southern African nation said, “the State of Emergency exists on account of the natural disaster of drought in all regions of the Republic […]
Chinese Polytechnology company, specialized in defense equipment, which has been under fire in Africa and around the world for bribery and money laundering, will build a military and commercial port at the Mauritanian city of N’Diago, sitting on the bank of Senegal River, few miles from the Senegalese city of St. Louis, reports say. The […]
The Portuguese company Galp Energia (Petróleos de Portugal e Gás) announced it has acquired a 50 percent stake in the Tarfaya Offshore area, comprising eight exploration permits, known as Tarfaya Offshore I to VIII, located on the Atlantic Margin, offshore Morocco. The company acquired the shares under a farm-in agreement with the Australian company, Tangiers […]