President Netumbo Nandi-Ndaitwah has said that the oil and gas sector demands proper monitoring, effective governance, and careful stewardship.

She made the remarks in a speech read on her behalf at the opening of the Namibia Oil and Gas Conference in Windhoek.

The arson case against Uis activist Jimmy ||Areseb has been postponed to 6 October for the accused to acquire a legal aid lawyer.

||Areseb is charged with contravening the Explosives Act, possession and supply of explosives, arson, and violating his bail conditions.

President Hakainde Hichilema says Zambia and Namibia have signed progressive agreements that will change the lives of people in the entire region.

The repo rate will remain unchanged at 6.75%, supported by positive economic momentum during the first six months.

Sectors such as mining, tourism, wholesale and retail trade and communication, as well as crop farming and electricity, have recorded growth.

The Namibia Revenue Agency (NamRA) is making steady progress in its efforts to improve tax compliance through various initiatives, including the establishment of a transfer pricing unit.