FINANCE REQUIRED TO MEET THE STATED 2030 GHGS REDUCTION TARGET COMPARED TO BAU (2023) GINI COEFFICIENT (2023)
PRIME LENDING RATE (Aug 2025)
INFLATION (CPI) (Jul 2025) 10.50
672 MW/h POWER DEMAND AT
4288000 MW/h
NAMIBIANS ARE WITHOUT ACCESS TO ELECTRICITY (NOV 2024)
NAMIBIAN GOVERNMENT
TARGET TO GENERATE ITS ELECTRICITY DOMESTICALLY BY 2028 (NOV 2024)
Net Zero Benefits are here!
Namibia is at the cusp of its inflection going forward. Part of this is surrounds a JUST ENERGY TRANSITION, allowing Namibia to use its natural
resources for its growth and development One of the sectors that can make a difference is the transport sector, accounting for the majority of the country's total energy consumption (42%) based on IEA 2022 data and CO emissions (13%). 2
Of course, there is enough movement for e-mobility and pushes in the area of hydrogen and ammonia as well as lately, “syn-fuels” that mimic fossil fuels but are made and not explored in the traditional sense making them renewable energies.
However, the real benefit for Namibia could come from the aviation sector creating not just a Just Energy Transition action but also creating additional attraction and advantage to the aviation sector upgrading as well as
furthering the tourism sector options for extreme short haul flights
As we have taken pains to point out in past editions, aviation that uses alternate fuels such as sustainable aviation fuels (SAF) or electric flights such as the prime example from the United States of America (USA). In the recent “air taxi” flight using electrically powered aircraft for a vertical take-off and landing
As reported by others, the flight was operated from Marina Municipal Airport (OAR) to Monterey Regional Airport (MRY) for 12 minutes over 10 nautical miles. Five of those minutes were spent in a hold pattern at MRY for air traffic spacing. The company that carried out this feat was Joby Aviation of the USA, who had received airworthiness approval in 2020
Joby Aviation, Inc (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical
take-off and landing air taxi. Joby intends to both operate its fast, quiet, and convenient air taxi service in cities around the world and sell its aircraft to other operators and partners Joby has partnered with NASA, Toyota and Uber, who have agreed to incorporate future aerial ride shares into its rideshare apps
On this occasion on 15 August 2025, Joby’s eVTOL was able to sequence with other aircraft at the Monterey Airport, which it an important step in achieving FAA Certification Joby’s first eVTOL operations with other aircraft in FAAcontrolled airspace was a success To be certified, an aircraft must demonstrate that it can operate in shared airspace by flying between multiple airports.
The space is also expanding and several other companies in the space such as Archer, Zeroavia, Ampaire and so even well-known manufacturers are in the “race” such as Boeing and Airbus While costs are currently high as with any new or nascent industry approach, adoption will increase the decline of price barriers and ultimately make energy transition a secondary matter.
What makes it important to Namibia?
With vertical take-off and landing capabilities, nearly all of Namibia’s inner areas totalling recently stated to be 268 sites The aircraft in question has carried out flights in
excess of 250 km on a single charge While this is a “short” distance in terms of the Namibian landscape, travel to specific locations, will be helpful The same can be extended to other service types, emergency patient transport, urgent cargo, environmental oversight and surveying amongst others.
Clear examples would be Windhoek to Rehoboth, Windhoek to Mariental, Windhoek to Okahandja, Windhoek to Gobabis, Windhoek to Otjiwarongo and possibly Windhoek to Arandis / Swakopmund. Internal flights within Namibia are not new as there are several companies already offering remote area travel, landing on even unimproved airstrips.
In 2023, Namibia recorded 863,872 international tourist arrivals, marking an increase of 87 4% compared to 2022 (with 461,027 arrivals) (MEFT, 2023, p 5) The main purposes of these visits were:
Transit: 3 6% (approx approx31,099 tourists) (MEFT, 2023, p 16)
While the 2023 Tourist Statistical Report provides details on international air arrivals, with Airlink (42.6%), FlyNamibia (19 7%), Eurowings Discover (14 1%), and Qatar Airways
(2 4%) as major carriers (MEFT, 2023, pp 21-22), It however sadly does not report on domestic flight usage
Internal flights are not new to Namibia, as several operators already service remote areas, sometimes landing on unimproved airstrips. Yet, the potential to expand these offerings is substantial For tourists, the vastness of Namibia often means long distances between attractions, requiring careful planning and lengthy drives that may deter visitors The introduction of short-haul, sustainable flights could alleviate these barriers, making the country more accessible and attractive for time-constrained travelers.
The Tourism Exit Survey from 2012-2013, shows that 4% of tourists (approx 241 of some 6,000 questionnaires) used domestic flights within Namibia, primarily for fly-in safaris and lodge transfers Although this segment is small, extrapolated as around 35,000 persons, it generates significant revenue, with average expenditures of approximately N$750 per bed-night (N$ 26 million per night) This highlights the need to invest in and strengthen domestic aviation links as even a 10 percent increase would bring this to close to N$ 30 million per night
Further, to expand the tourist attraction, distances between attractions are often substantial, requiring careful planning and potentially longer driving days than expected resulting visitor hesitation Added, with the long-haul time commitment needed to arrive and leave Namibia, this
Policy Announcement - April (Published 13 August 2025)
Lithium: World’s Runner-up Producer SQM Picks
Namibia as First African Market
contributed by:
Chilean company Sociedad Quimica y Minera (SQM), the world’s second-largest lithium producer, is entering Africa with its first project in Namibia. Despite the recent drop in lithium prices, SQM expects them to rebound driven by growing demand for the mineral which plays a critical role in the global energy transition.
SQM has received approval from the Namibian Competition Commission (NaCC) to acquire up to a 50% stake in the Lithium Ridge project. South
Africa’s Andrada Mining, owns the project, through its subsidiary, Grace Simba Investments (GSI). Andrada announced the deal’s approval on February 28, 2025.
Under the agreement signed in September 2024, SQM will invest in stages First, it will pay a $2 million participation fee and acquire an initial 30% stake by funding $7 million in exploration over 18 months. Later, it will be able to increase its stake to 40% by investing an additional $13 million over two years. Finally, it can reach a 50% stake by committing up to $40 million or completing a feasibility study on the deposit, which is considered a "potential world-class resource "
Andrada Mining will remain the project operator and will receive a "success bonus" if the lithium resources exceed 40 million tonnes.
"We are delighted to receive the Competition Commission's approval for the earn-in agreement with SQM This approval is the final component required for us to fully launch what will be a transformative partnership with one of the world's
largest lithium chemicals producers,” said Anthony Viljoen, CEO of Andrada Mining.
Mark Fones, managing director of SQM International’s lithium division, added: "We are delighted that the Namibian Competition Commission granted approval for our earn-in agreement With all conditions precedent met, we are set to begin exploration at Lithium Ridge. This milestone marks a key step in the expansion of our lithium asset portfolio, reinforcing our commitment to the global energy transition. "
Located in Namibia’s Erongo region, Lithium Ridge is SQM’s first African venture
Despite falling lithium prices in 2024, mining companies and governments remain optimistic about long-term demand. The International Energy Agency (IEA) predicts global lithium demand will increase more than tenfold by 2050 under net-zero emissions scenarios
This article was initially published in French by Walid Kéfi Edited in English by Jason Ange Quenum
August 2025 Fuel Prices Update
ANGOLA
NIGERIA
BOTSWANA
ZAMBIA
Namibia Growth to Slow in 2025 Before Rebounding in 2026, Central Bank Says
contributed by:
• GDP growth will ease to 3.5% in 2025 from 3.7% in 2024 and below the 3.8% forecast.
• Drought-hit livestock sector and weak diamond demand weigh on outlook.
• Growth expected to recover to 3.9% in 2026, slightly above IMF’s forecast.
Namibia’s real GDP growth will slow to 3.5% in 2025, down from the 3 8% initially forecast and 3 7% recorded in 2024, the Bank of Namibia said in a
report published Monday, August 11 The slowdown stems mainly from weaker activity in the primary sector, particularly livestock, as drought in 2024 reduced herd sizes.
The diamond industry is also expected to extend its decline due to weak global demand, the impact of customs duties and rising competition from synthetic diamonds Manufacturing, especially meat processing and basic nonferrous metals, faces difficulties that will further weigh on growth.
POWER CONSUMPTION
Deep-freeze
Refrigerator
Incandescent Light Bulb Energy Saver (Incandescent Light Bulb)
Source: Erongo RED
Stove/Oven
Washing Machine
Heater
Dryer
Geyser
Kettle
Hot Plate
Hairdryer
Microwave
Not Just the Resource Beneath Us: The Youth Among Us Are the Nation’s Greatest Reserve
The World Bank warned that despite a sevenfold increase in public education spending over the past 30 years, Sub-Saharan Africa still holds the least
skilled workforce globally (World Bank, 2023). Without radical intervention, it could take another century to close the skills gap, a timeline incompatible with the velocity of energy innovation, financial engineering, and policy reform sweeping across the continent Namibia, with youth population of over 60 percent (World Economic Forum, 2019), sits at the intersection of urgency and opportunity.
The energy sector is crucial but is no longer just about electrons, it’s about economic sovereignty, technological fluency, and global competitiveness If youth skilling is not embedded into the national energy strategy, the promise of making energy poverty, history by 2030 (African Energy Week, 2025) risks becoming rhetoric.
Since the 2010s, Technical and Vocational Education and Training (TVET) has gained traction in Namibia Yet,
according to the Namibia Training Authority, the system still faces a shortfall of over 70,000 students due to limited infrastructure, funding, and program diversity (NTA, 2021). Fragmented curricula, under-resourced institutions, and a lack of articulation pathways continue to hinder progress
TVET is not just a skills pipeline, it’s a national productivity engine But without expansion, reform, and strategic investment, it risks becoming a stalled vehicle in Namibia’s industrialization journey.
Namibia’s Local Content Policy also lacks a youth succession framework Internships are often short-term, entry-level, and siloed Bursaries remain conditional, leaving disadvantaged populations behind If Namibia wants to drive the entire energy value chain, youth must be equipped to operate across upstream, midstream, and downstream sectors.
“We risk building an energy economy without energy economists, engineers without ESG fluency, and financiers without governance literacy”
This requires a “one-size-fits-all” strategy that blends technical training, policy exposure, and cross-sector mobility Without it, we risk building an energy economy without energy economists, engineers without ESG fluency, and financiers without governance literacy
Youth skilling must also be gender intentional. Namibia must move beyond tokenism and build gendered pathways into energy leadership, technical roles, and policy design
Youth skills directly influence foreign direct investment (FDI) and final investment decisions (FID) A skilled workforce signals national maturity and global readiness. Investors don’t just look at resources, they look at human capital. If Namibia wants to attract infrastructure funds, green bonds, and sovereign partnerships, it must build a skills ecosystem that speaks the language of capital (PwC CEO Survey, 2019)
Entities like Petrofund, NSFAF, and Exploration and Production companies must collaborate to create a national skills database. This should map:
Skills required across the energy value chain
Skills currently available
Funding gaps and training pathways
2025)
Name of Reservoir
Author’s analysis and representation of NamWater’s weekly dam bulletin - dated 18 August 2025
According to records by NamWater’s weekly Dam Bulletins, Namibia has a total Reservoir capacity of 1556.71 million cubic meters (Mm3), whose present volumes stand at 1310.02 Mm3 (or 84.2). This means that the country’s water deficit is currently 246.69 Mm3 (or 15.8%)
South Africa: Digital Skills Project Targets
Schoolchildren to Tackle Youth Unemployment
contributed by:
4Sight Holdings renovated a school in Diepsloot and introduced digital tools and training.
South Africa faces 46.1% youth unemployment, largely due to a digital skills gap.
Experts stress the need for long-term teacher training and integration into national policy.
In a bold move to address South Africa’s digital divide and soaring youth unemployment, South African tech company 4Sight Holdings launched a digital education
programme at Laezonia Primary School in Diepsloot, Gauteng, on July 28.
The company renovated classrooms, provided computers and IT equipment, and secured reliable internet access It also launched a basic IT training programme aimed at preparing young learners for an increasingly digital job market.
South Africa’s youth face alarming unemployment levels. Stats SA reported that 46 1% of people aged 15 to 34 were unemployed in the first quarter of 2025 Many lack the digital skills needed for growing sectors such as telecommunications, data analysis, and IT
By starting at the primary school level, this initiative lays the groundwork for digital inclusion and long-term employability It equips learners with essential skills early and builds confidence in using technology
This initiative forms part of 4Sight Holdings’ Corporate Social Responsibility (CSR) programme. Company staff
actively contributed to the school upgrade, reinforcing the model of local, skills-based engagement.
South Africa ranked 59th out of 63 countries in the 2022 Global Competitiveness Index for technology infrastructure In this context, private-sector partnerships play a key role in closing gaps left by limited public resources
To create lasting change, experts say these programmes must go beyond one-off interventions. Schools need continuous teacher training, curriculum integration, and institutional support to deliver results
Similar models are emerging elsewhere in Africa Microsoft runs coding clubs and digital learning hubs in Tanzania. Liquid Intelligent Technologies is building education connectivity networks in Kenya However, their long-term success depends on alignment with national education and digital transformation strategies
This article was initially published in French by Félicien Houindo Lokossou (intern) Edited in English by Ange Jason Quenum
Namibia’s Green Finance Revolution: A Blueprint for Africa’s Energy Future
With world-class solar and wind resources, the country is now pairing natural advantage with financial innovation to reshape its energy future
At the heart of this transformation is green project financing, a fast-evolving mechanism that is unlocking capital, accelerating infrastructure, and positioning Namibia as a regional leader in the energy transition.
From Energy Deficit to Energy Opportunity
Namibia currently imports nearly 70 percent of its electricity, much of it from South Africa Yet the country is blessed with some of the highest solar irradiance levels on the planet and vast wind corridors that make it a natural candidate for renewable energy leadership.
The shift is already underway. Namibia is embracing new financial models to reduce energy insecurity, decarbonise its industrial base, and build future export capacity, particularly in green hydrogen Green project finance is no longer a niche concept, it is becoming central to how Namibia funds its energy ambitions.
Green Finance Gains Momentum
Green project financing, which blends public and private capital to fund sustainable infrastructure, is now driving some of Namibia’s most strategic developments
In 2024, the World Bank approved its first energy-sector loan for Namibia, a US$138 5 million facility to expand solar
contributed by:
presented by:
By Rebbeka Shipepe, Standard Bank Namibia Client Analyst
and wind integration, upgrade transmission, and install utility-scale battery storage A year later, the Climate Investment Funds selected Namibia for up to US$250 million in concessional funding to support industrial decarbonisation and green hydrogen development
These are not isolated wins. They reflect a growing confidence in Namibia’s ability to deliver bankable, climate-aligned projects
Blended Finance, A Local Success Story
Namibia is also innovating at home. The SDG Namibia One Fund, a joint initiative between Climate Fund Managers and the Environmental Investment Fund, is targeting €1 billion to finance clean energy infrastructure, including the flagship Hyphen Green Hydrogen project
EIF’s Green Impact Facility is helping local entrepreneurs and SMEs access concessional loans for off-grid solar, water-efficient agriculture, and climate-smart technologies. Meanwhile, the SUNREF Namibia programme, backed by the French Development Agency, has channelled over €45 million in credit lines through local banks including FNB, Nedbank, and Bank Windhoek
Capital Market Innovation
Namibia’s green finance evolution has reached its capital markets Bank Windhoek issued the country’s first Green Bond in 2018, followed by a Sustainability Bond in 2021, raising N$227 million for water and energy projects.
Nedbank Namibia has convened green energy finance roundtables to shape investable pipelines Standard Bank Namibia has taken a leading role in financing clean energy infrastructure, most notably as sole mandated lead arranger, lender, and agent for the 44 MW Diaz Wind Power Project near Lüderitz, the country’s first utility-scale wind farm.
This project reflects Standard Bank’s broader ESG strategy, which supports inclusive and sustainable growth across Africa by financing infrastructure that delivers long-term environmental and economic value Our commitment to Namibia’s energy transition is not just about funding assets, it is about enabling transformation.
Flagship Projects Reshaping the Landscape
Namibia’s energy map is being redrawn by a series of highimpact projects These include NamPower’s Omburu Solar
Plant near Omaruru, the Erongo Battery Energy Storage System near Walvis Bay, and the Kokerboom Solar project supplying mining operations in the //Karas Region The Otjikoto Biomass Power Station, slated for 2027, will use encroacher bush as feedstock The Hyphen Green Hydrogen project, backed by the SDG Namibia One Fund, is expected to produce 350,000 tons of green hydrogen annually for export.
Each of these projects signal Namibia’s intent, not just to meet domestic energy needs, but to become a clean energy exporter and industrial hub
Challenges and the Road Ahead
Despite strong momentum, challenges remain SMEs still face barriers to finance, and technical capacity gaps could slow implementation. However, Namibia’s bold approach, blending concessional funding, commercial investment, and local innovation, is attracting global attention
The Bank of Namibia’s Sustainable Finance Framework, released in 2024, is another milestone It commits financial institutions to ESG principles and climate-risk disclosures, laying the groundwork for a more resilient financial ecosystem.
Financing Transformation, Not Just Infrastructure
Namibia’s green finance journey is about more than solar panels and wind turbines It is about energy sovereignty, industrial competitiveness, and inclusive growth.
Standard Bank is proud to be part of this journey. Our ESG strategy is rooted in enabling Africa’s transition to a lowcarbon economy, supporting clients and communities with the capital, insights, and partnerships needed to thrive in a changing world
As global decarbonisation accelerates, Namibia’s model, built on innovation, collaboration, and financial foresight, offers a blueprint for other frontier markets The future of energy in Africa may well be written in the sun and wind of Namibia
As RDJ Consulting we pride ourselves as specialised consultants who provide advisory services, market data and studies, due diligence and offer world class training within our core business area. Collaboration forms an intergral part in what we do as for this year, we are making it that a priority.
OUR FOOTPRINT
Asia
Britain
Caribbean
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Our innovative strategies are baked daily at 40 Copper Street, Prosperita, Windhoek, Namibia.
Contact us today to discover how our unique services add value to your business!
From Oil Rigs to Opportunity: Namibia’s Bid for Inclusive Growth
contributed by:
As new oil discoveries continue off the coast of Namibia, authorities are refining their strategy to ensure the economic benefits of this windfall are not limited to multinational corporations.
As commercial oil production nears, with the first barrel expected as early as 2029 from the Venus and Graff fields, Namibia is establishing a framework to t
urn this windfall into a driver of inclusive development. The country is focused on building an ecosystem to redistribute oil wealth rather than pursuing short-term gains sustainably
In line with the guidelines of its Sixth National Development Plan, the country has taken actions to reduce national participation in oil projects from 10% to 1% by 2030. The approach goes further, however The government approved
a national Local Content Policy in December 2024 after developing it in 2022.
The framework aims to embed Namibian businesses across the entire value chain, from exploration to specialized services A $200 million port expansion and logistics hub in Lüderitz is part of this strategy
Deputy Minister of Petroleum Upstream Kornelia Shilunga says the current legal framework is outdated and prevents the state from fully benefiting She is calling for a major reform to ensure effective governance, structural
transformation, and active Namibian participation. A new Petroleum Code is expected to include specific local content obligations in contracts
Upstream petroleum is capital intensive, highly technological, and has long development cycles, which historically has generated few local jobs in African producer countries. Namibia wants to avoid those mistakes. Under its new policy, each operator must submit a detailed Local Content Plan, including commitments on subcontracting, local hiring, and training
The Ministry of Energy will oversee these provisions, emphasizing transparency and predictability for investors.
Youth at the Heart of the Planned Transformation
Youth are central to this strategy At a recent Youth in Oil and Gas Summit, several officials stressed the need to integrate young people through internships, technical training, and better access to public sector contracts.
To support this vision, Petrofund, a public fund for petroleum training, launched a scholarship program that
fully finances technical studies related to the industry in Namibia, within the Southern African Development Community region, and internationally To date, more than 438 students have received support, with 90% of master’s graduates finding employment
Petrofund is also strengthening partnerships with national institutions and major industry players like TotalEnergies, Shell, SLB, and TechnipFMC to provide real-world experience The fund is developing a national oil sector resume database to connect trained youth with employers These initiatives aim to ensure the sector’s growth translates into real value for Namibians.
For now, redistribution remains largely structural and forward-looking Everything depends on implementation The next key steps include finalising investment decisions by operators, adopting the new legal framework, launching a sovereign wealth fund to manage revenues, and defining a clear budget redistribution strategy.
Olivier de Souza
Driving Creativity Through Passion SILPA KANGHONO
Silpa Kanghono is the powerhouse behind the stories and content at RDJ Publishing (Pty) Ltd With an academic background in English and Linguistics, and professional experience spanning public relations, communications, digital marketing, and event coordination, she brings both creativity and strategic insight to every project. Silpa specializes in crafting impactful content that drives engagement and supports brand visibility and growth Passionate about storytelling, she is committed to highlighting meaningful initiatives and innovations that matter
1.Can you describe your role at RDJ Group of Companies and what your day-to-day responsibilities typically involve?
At RDJ Group of Companies, I serve as a Digital Marketing and Events Coordinator, responsible for crafting and managing engaging content across our platforms. My dayto-day involves developing social media strategies, writing and editing articles, coordinating interviews (Women in Focus, Youth in Action, Executive Spotlight), and ensuring our publications reflect industry trends
2. If you were a brand, what would your motto be?
If I were a brand, my motto would be: "Driving Creativity Through Passion " I live by this motto as it reflects my belief that true innovation and impactful work is born from a deep sense of purpose and genuine enthusiasm Whether it's storytelling, content creation, or strategic communication, I lead with passion, because that's what fuels creativity and drives meaningful results.
3.What’s your favourite part about working with the team?
My favourite part about working with the team is the collaborative spirit and shared passion for meaningful storytelling. I especially enjoy interviewing people, uncovering their unique journeys, insights, and ideas, then shaping them into narratives that inspire and inform our audience Every conversation feels like a window into a new world, and sharing those stories is truly rewarding
4.What are some skills or expertise you have developed while working here?
While working here, I’ve honed my skills in social media strategy, and stakeholder engagement I’ve also sharpened
my interviewing techniques, learning how to draw out compelling stories and present them in ways that resonate with our audience.
5.What are some of your favourite pieces or features that the publications have issued recently?
I would say each feature stands out in its own way, as they collectively highlight youth innovators, women leaders, and sustainability champions I enjoy stories that not only inform but also inspire action, spark meaningful conversations, and all our features have captured that beautifully.
6.What is a fun fact about you?
When I’m not behind the scenes bringing ideas to life, I enjoys exploring new experiences that fuel my personal and professional growth
7.What advice would you give to anyone pursuing a career in digital marketing and events co-ordination?
My advice to anyone pursuing a career in digital marketing and events coordination is to believe in your potential, stay curious, and remain open to learning and innovation This field demands creativity, passion, and confidence, so never shrink yourself It might take time, but arrival is guaranteed Most importantly, stay grounded and purposeful by placing your trust in God and allowing Him to guide your journey.
Tenders
Namibia Post Limited
Description: Procurement for the Supply of Petroleum Products and Dispensing Facility to Namibia Post Limited for a period of Five (5) years
Bid Closing date: 01 September 2025 at 11h00 https://www cpbn com na/index/bid/80
NamPower
Description: Designing, Manufacturing, Delivering, Installing, Testing and Commissioning of 2 x 1600kVA, 11/0.4kV Dyn11 Power Transformers for Ruacana Power Station.
Compulsory Pre- Bid Briefing Meeting(s): 27 Aug 2025 at 10h00 AM – 12h00 PM
Bid Closing date: 05 September 2025 at 10h00 Namibian Time https://www nampower com na/Bid aspx?id=282217
Ministry of Environment, Forestry & Tourism
Description: Provision of Transactional Advisory Services to the Lotteries Board of Namibia with respect to the Appointment of a Lottery Operator to Establish the State Lottery in terms of the Lotteries Act, 2017 (Act No. 13 of 2017).
Bid Closing date: 08 September 2025 https://www meft gov na/tenders/provision-of-transactional-advisory-services-to-the-lotteries-board-of-namibia/477/ Oshikoto Regional Council
Bid Closing date: 12 September 2025 at 11h00 https://oshikotorc.gov.na/documents/1676058/5964297/Road+Maitenance+at+Oshigambo+Settlement+%28Bid+Document%29 pdf/a7890d3c-1061-ec97-94a2-2688d890eb00?t=1754064593810
CENORED
Description: Procurement of an Engineering Procurement and Construction (EPC) Contractor for Optimization of Tsumkwe and Gam Solar PV Plan, Otjozondjupa Region.
Bid Closing date: 18 September 2025 at 10h00 Namibian https://cenored.com.na/wp-content/uploads/2025/08/BID-INVITATION-TSUMKWE-OPTIMIZATION.pdf
University of Science and Technology (NUST)
Description: Provision of 1 5 GB Bandwidth Internet Services for one (1) year for the Namibia University of Science and Technology
Bid Closing date: 19 September 2025 at 12h00 https://www.nust.na/sites/default/files/procurement/bids/2025-08/Provision-of-1.5-GB-bandwidth%20.pdf
MinisterofFinanceAppointsThreeNewDBNBoardMembers
Windhoek,Namibia–TheDevelopmentBankofNamibia(DBN)ispleasedtoannouncetheappointment of three new members to its Board of Directors. The appointments, effective 1 August 2025 to 31 July 2028, were made by the Minister of Finance, Honourable Ericah Shafudah, in line with the Public EnterpriseGovernanceActNo.1of2019(PEGA)andCabinetDecisionNo.9th/17.06.25/013.
The newly appointed Board members are Desiree Masheshe, a trained lawyer, Bonifasia Siteketa, a qualifiedAircraftEngineerandGersonKamatuka,aHumanResourceexpert.TheyjointhecurrentBoard members appointed in January 2025: Evangelina Nailenge (Chairperson), Willy Mertens (Deputy Chairperson),PatienceKanalelo,andMarsorryIckua,whosetermrunsuntil31December2027,ensuring continuityandstabilityintheBank’sgovernancestructure
The appointments underscore the Minister’s confidence in the Board’s leadership and its dedication to advancingDBN’svisionofdrivingsustainableeconomicdevelopment.
Commentingontheappointments,DBNBoardChairpersonEvangelinaNailengewelcomed Ms.Masheshe,Siteketa,andKamatukatotheBoard. “Their expertise will strengthen our ability to provide strategic guidance and oversight as DBN continues to drive infrastructure development, enterprise growth, and sustainable economic transformation for Namibia,” shesaid.TheBoardplaysapivotalroleinguiding the implementation of DBN’s Integrated Strategic Business Plan (2024–2029), which outlines a transformativepathtopositiontheBankasatrustedandresponsivepartnerinNamibia’sdevelopment The strategy prioritises impact-driven financing in sectors such as infrastructure, manufacturing and green investments, which are vital for productivity, job creation and inclusive growth. Recognising the critical role of development finance in unlocking long-term national value, the plan also emphasises customer experience and service excellence to enhance client outcomes. Anchored in financial sustainability, people and culture, market positioning and development effectiveness, the strategy providesaclearroadmapfordeliveringlastingimpactandstrengtheningstakeholdertrust.
DAVID JARRETT
EDITORINCHIEFAND CHIEFEXECUTIVEOFFICER
@RDJGROUP
NICOLE FELIX CHIEFDESIGNER (LAYOUTANDDESIGN) @RDJPUBLISHING
