Parliamentary oversight officials have mandated that energy authorities deliver a detailed electricity strategy within half a year, outlining how Namibia will guarantee dependable and cost-effective power over the coming three years to advance manufacturing expansion. Committee chairman Iipumbu Shiimi announced the directive requiring the Ministry of Industries, Mines and Energy to work alongside the Electricity Control Board, NamPower and the productivity task force on energy.
Legislators instructed officials to accelerate proposed energy legislation through the National Assembly while dedicating funding toward local generation capacity and launching public campaigns emphasizing energy independence as fundamental to economic...
African leaders announced that the continent requires annual investments between $160 billion and $170 billion to establish sustainable economic development foundations during the third Financing Summit for Africa's Infrastructure Development held in Luanda from October 28 to 31. Angolan president João Lourenço, who chairs the African Union, emphasized the necessity of converting commitments into tangible actions to close the infrastructure funding shortfall that prevents Africa from becoming a major force in global economic expansion.
The gathering produced three significant partnerships, including an arrangement directing African pension resources toward continental infrastructure through collaboration between the African Social...
South African reporter Dewald van Rensburg received top honors at the African Investigative Journalism Conference in Johannesburg for exposing multibillion-rand illegal gold operations involving a prominent pastor and fugitive. The AmaBhungane Centre journalist acknowledged that a Namibian source contributed information to his City of Gold investigation, which revealed networks of financial crimes and tax fraud within the country's gold industry.
Gambian journalist Mustapha Darboe earned second place for documenting corruption in asset recovery from exiled former president Yahya Jammeh, whose billion-dollar fortune matched the nation's gross domestic product when he left office. Ghanaian reporters Seth Bokpe and Edmund Boateng took...
Namibia has obtained $3 million from the Green Climate Fund to create national adaptation plans that will incorporate young people into climate resilience efforts and environmental protection initiatives through 2027. Tega Shivute from Namibia Nature Foundation announced the funding at a youth climate conference in Ondangwa last week, noting her organization will implement the program under oversight from the Ministry of Environment and Tourism.
The adaptation plans aim to decrease the nation's climate vulnerability by strengthening adaptive capacity and incorporating mitigation strategies into government policies affecting agriculture and water sectors. Shivute encouraged youth involvement in linking adaptation measures with business...
Lebanese authorities have freed Hannibal Gaddafi following nearly a decade of detention without trial after his legal team secured a reduced bail of $900,000, down from an initial $11 million set in October. The 49-year-old son of slain Libyan leader Muammar Gaddafi had been held since 2015 on accusations of withholding details about a Shia cleric who vanished in Libya during 1978, when the younger Gaddafi was only two years old.
Attorney Laurent Bayon confirmed his client would depart Lebanon for an undisclosed location, characterizing the prolonged imprisonment as reflecting judicial system failures. The case stems from the 1978 disappearance of Musa al-Sadr, which has strained Lebanese-Libyan relations for decades despite Gaddafi...
Halliburton maintained flat quarterly revenue of $828 million across its Europe, Africa and Commonwealth of Independent States operations during the third quarter of 2025, with robust drilling demand in Namibia compensating for weakness elsewhere in the region.
Chief executive Jeff Miller highlighted the southern African nation as a vital growth market for the oilfield services company's international business, noting that accelerating activity there demonstrated the resilience of its African operations. Enhanced completion tool sales in Norway also supported regional performance.
The company reported that reduced fluid services throughout Europe and lower completion tool demand in the Caspian region partially counterbalanced the...
Namibian residential property prices reached an average of N$1.38 million during the third quarter of 2025, marking an uptick from N$1.36 million in the previous three months, according to First National Bank data. Central region homes, which include Windhoek properties, commanded the highest values at N$1.7 million, while southern areas recorded the lowest prices at N$923,000.
Transaction activity surged 18.4 percent compared to the same period last year, totaling 892 sales, though the southern region accounted for only 27 of those deals. FNB market research manager Mandisa van Wyk attributed the volume increase to foreign buyer interest and rental investment demand despite ongoing supply limitations. Annual price growth decelerated...
The Trump administration has transferred $7.5 million from a congressional fund traditionally reserved for international refugee assistance to Equatorial Guinea in exchange for accepting deportees who are not US citizens. The payment went directly to the government led by President Teodoro Mbasogo, who has ruled for 46 years, and his son, Vice President Nguema Obiang, both accused of embezzling state funds. A French court convicted Obiang in 2017 for money laundering, and US authorities previously seized over $27 million in luxury assets from him, including a jeweled Michael Jackson glove.
Senator Jeanne Shaheen questioned Secretary of State Marco Rubio about the arrangement, expressing concern over potential human trafficking risks...
Malawi authorities are coordinating with the Reserve Bank, Finance Ministry and commercial lenders to obtain additional foreign currency for fuel imports, according to Natural Resources Minister Jean Mathanga, who addressed parliament Tuesday. The government anticipates delivery of more than 90 tanker trucks carrying over 3.2 million liters by Friday to provide temporary relief from ongoing shortages.
Mathanga disclosed that the National Oil Company of Malawi and Petroleum Importers Limited requested $65 million in October to clear arrears for consumed supplies, though only $37 million was allocated. Officials are pursuing credit arrangements valued between $120 million and $150 million from multiple financial institutions and...
