The Ministry of Industries, Mines and Energy has maintained fuel prices for this month, a move aimed at supporting price stability amid ongoing global market volatility.
Fuel prices for domestic consumption for unleaded petrol 95 will remain unchanged at N$20.58 per litre.
Namibia produces only about 40 percent of its own electricity, while the remaining percentage is being imported.
This was announced by the Minister of Industries, Mines and Energy, Modestus Amutse, at the official launch of the Namibia Impact Mission 300.
Mali's Minister of Energy and Water Resources, Boubacar Diane, declared the development of the Sahel region in line with the dynamics of the global energy industry as one of the main objectives of the Sahel States Alliance at the meeting of the AES Ministers of Mines, Petroleum, and Energy in Niamey on Wednesday.
ReconAfrica says it has made an early hydrocarbon discovery at its recently drilled well in the Kavango Regions.
The Deputy Minister of Industries, Mines, and Energy, Gaudentia Kröhne, has said Namibia's long-term strategy for oil production is anchored in a balanced approach, recognising national development priorities and the global momentum towards energy transition.
Algeria has pledged to share its vast experience and technical expertise in the energy sector with Namibia, particularly in the emerging field of green hydrogen development.
The Electricity Control Board (ECB) is reviewing its electricity tariff model to introduce a new incentive-based regulatory framework aimed at improving efficiency and affordability for consumers.
Chinese Ambassador to Namibia Zhao Weiping said that Chinese investments would never threaten Namibia's sovereignty or create dependency.
He said such concerns are misplaced, stating that China's cooperation with Namibia is based on mutual respect and equality.
President Netumbo Nandi-Ndaitwah has appointed Defence Minister Frans Kapofi to oversee the portfolio of Industries, Mines and Energy on an interim basis.
The President of Mozambique, Daniel Chapo, has offered Zambia natural gas to help the country resolve its energy crisis following low water levels at its hydro source.
