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Allexer Namundjembo Namibia has joined a continental drive to connect 300 million people to electricity by 2030 with the launch of its National Energy Compact under the Mission 300 initiative on Thursday in Windhoek. Mission 300 is an Africa-wide effort aimed at expanding access to electricity, and Namibia’s participation centres on a National Energy Compact that sets out country-specific reforms, targets, and implementation plans aligned with the continental agenda. The Compact commits Namibia to coordinated actions to increase electricity connections, improve supply reliability, and strengthen energy security to support economic transformation. Industries, mines and energy minister Modestus Amutse said the…

Renthia Kaimbi Namibia is moving forward with two separate conservation initiatives that could shape how natural landscapes are protected and managed, with the Namibia Nature Foundation (NNF) playing distinct roles in each process. One initiative focuses on a community-driven conservation corridor linking the Skeleton Coast and Etosha National Parks. The other initiative focusses on the proposed UNESCO Global Geopark surrounding the Brandberg area. The community corridor initiative follows a contract signed by the NNF in October 2025 to support implementation of the Legacy Landscape Fund (LLF), which is managed by WWF Namibia.  The LLF committed funding of US$1 million per…

Allexer Namundjembo The Namibia Financial Institutions Supervisory Authority (Namfisa) has acknowledged the Supreme Court judgement in the long-running Prowealth Asset Managers (PAM) matter.  It said the case arises from events that occurred nearly two decades ago, at a time when the regulatory environment was far less developed. “The PAM matter relates to a period when Namfisa's regulatory and supervisory framework was still evolving. While we acknowledge that there were weaknesses at the time, we respect the findings of the Supreme Court,” said Victoria Raimond, manager for corporate communications and consumer education at Namfisa, in a press statement issued on Thursday.…

Justicia Shipena  The High Court has ordered that N$779 666 held in a bank account linked to the late managing director of the Aquamarine Fishing Company of Namibia, Manfred Uxamb, be frozen, pending the outcome of a civil case brought by the company.  In a recent judgement, the court confirmed part of an earlier interim order that allows Aquamarine to secure funds it claims were misappropriated while Uxamb served as its managing director.  The court rejected broader attempts to freeze additional funds and assets, finding that only one specific amount was supported by evidence. Aquamarine alleges that between 2018 and…

Allexer Namundjembo The Namibia Investment Promotion and Development Board (NIPDB) says its outgoing chief executive officer Nangula Uaandja has built a strong executive team to support institutional change.  Uaandja is preparing to leave office at the end of December. Jessica Hauuanga has been appointed acting chief executive officer with effect from 1 January 2026.  Hauuanga, who has served as Executive: Investor Experience since 2021, assumes the role following Uaandja’s departure when her contract ends on 31 December. In a statement issued on Thursday, the NIPDB board said it has full confidence in Hauuanga’s ability to lead the institution during this…