The Affirmative Repositioning (AR) movement has objected to Hyphen requiring a cash payment for the government to take up a 24% stake in Hyphen Hydrogen Energy.

The cash for shares will be in addition to the land, water, and other resources it has already given to Hyphen to develop the Green Hydrogen energy project.

Taking up 24% of the N$186 billion project will amount to N$46 billion.

The government announced during the visit this month by the Prime Ministers of the Netherlands and Denmark that it will take up its 24% equity in Hyphen.

A number of countries have shown interest in and are looking for opportunities in Green Hydrogen Projects.

This was confirmed when Vice President Nangolo Mbumba hosted the Prime Ministers of Denmark and the Netherlands.

Mark Rutte, Prime Minister of the Netherlands, stated that the visit was beneficial for Namibia, the Netherlands, and other European countries.

The Prime Ministers of the Netherlands and Denmark will undertake a joint working visit to Namibia on Monday.

State House, in a media statement, announced that Mark Rutte and Mette Frederiksen will be hosted by President Hage Geingob.

The joint visit is expected to present the three countries with a great opportunity to strengthen dialogue on global challenges and opportunities as well as widen and deepen coordinated and genuine partnerships.