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Market Watch

Commitment to oil, renewables not contradictory, Alweendo says

Balancing act to ensure energy security

Mines minister Tom Alweendo says Namibia must be allowed to exploit its oil and gas resources to aid development while pursuing its long-term vision for renewable energy.

Ogone Tlhage

Vor 1 Woche 25 October 2024 - 2024-10-25 00:00:00

Mines minister Tom Alweendo has reiterated his stance that Namibia’s commitment to its oil and gas resources does not impede its goal of pursuing net neutrality. Defending his st

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Allgemeine Zeitung 2024-11-01

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Katima Mulilo: 21° | 38° Rundu: 19° | 39° Eenhana: 19° | 40° Oshakati: 19° | 38° Ruacana: 19° | 39° Tsumeb: 23° | 37° Otjiwarongo: 18° | 37° Omaruru: 18° | 37° Windhoek: 19° | 34° Gobabis: 18° | 35° Henties Bay: 14° | 21° Wind speed: 21km/h, Wind direction: W, Low tide: 08:56, High tide: 03:15, Low Tide: 21:17, High tide: 15:18 Swakopmund: 13° | 16° Wind speed: 17km/h, Wind direction: NW, Low tide: 08:54, High tide: 03:13, Low Tide: 21:15, High tide: 15:16 Walvis Bay: 13° | 21° Wind speed: 21km/h, Wind direction: NW, Low tide: 08:54, High tide: 03:12, Low Tide: 21:15, High tide: 15:15 Rehoboth: 17° | 36° Mariental: 20° | 37° Keetmanshoop: 22° | 37° Aranos: 19° | 37° Lüderitz: 16° | 27° Ariamsvlei: 20° | 38° Oranjemund: 14° | 22° Luanda: 25° | 26° Gaborone: 19° | 34° Lubumbashi: 18° | 29° Mbabane: 15° | 28° Maseru: 13° | 30° Antananarivo: 16° | 32° Lilongwe: 21° | 30° Maputo: 19° | 29° Windhoek: 19° | 34° Cape Town: 15° | 23° Durban: 16° | 23° Johannesburg: 16° | 29° Dar es Salaam: 25° | 31° Lusaka: 19° | 31° Harare: 18° | 27° Currency: GBP to NAD 22.66 | EUR to NAD 19.16 | CNY to NAD 2.47 | USD to NAD 17.59 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.27 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.04 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.82 | USD to AOA 909.05 | USD to BWP 13.42 | USD to EGP 48.9 | USD to KES 129.2 | USD to NGN 1650.78 | USD to ZAR 17.6 | USD to ZMW 26.73 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1855.18 Down -0.76% | Casablanca Stock Exchange (CSE) MASI 14168.1 Down -0.1% | Egyptian Exchange (EGX) 30 Index 30658 Up +0.94% | Botswana Stock Exchange (BSE) DCI 9844.57 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 746.42/OZ DOWN -0.014 | Copper US$ 4.36/lb UP +0.49% | Zinc US$ 3 049.50/T UP 0.41% | Brent Crude Oil US$ 74.53/BBP UP +2.01% | Platinum US$ 991.94/OZ DOWN -0.0167 Sport results: Weather: Katima Mulilo: 21° | 38° Rundu: 19° | 39° Eenhana: 19° | 40° Oshakati: 19° | 38° Ruacana: 19° | 39° Tsumeb: 23° | 37° Otjiwarongo: 18° | 37° Omaruru: 18° | 37° Windhoek: 19° | 34° Gobabis: 18° | 35° Henties Bay: 14° | 21° Wind speed: 21km/h, Wind direction: W, Low tide: 08:56, High tide: 03:15, Low Tide: 21:17, High tide: 15:18 Swakopmund: 13° | 16° Wind speed: 17km/h, Wind direction: NW, Low tide: 08:54, High tide: 03:13, Low Tide: 21:15, High tide: 15:16 Walvis Bay: 13° | 21° Wind speed: 21km/h, Wind direction: NW, Low tide: 08:54, High tide: 03:12, Low Tide: 21:15, High tide: 15:15 Rehoboth: 17° | 36° Mariental: 20° | 37° Keetmanshoop: 22° | 37° Aranos: 19° | 37° Lüderitz: 16° | 27° Ariamsvlei: 20° | 38° Oranjemund: 14° | 22° Luanda: 25° | 26° Gaborone: 19° | 34° Lubumbashi: 18° | 29° Mbabane: 15° | 28° Maseru: 13° | 30° Antananarivo: 16° | 32° Lilongwe: 21° | 30° Maputo: 19° | 29° Windhoek: 19° | 34° Cape Town: 15° | 23° Durban: 16° | 23° Johannesburg: 16° | 29° Dar es Salaam: 25° | 31° Lusaka: 19° | 31° Harare: 18° | 27° Economic Indicators: Currency: GBP to NAD 22.66 | EUR to NAD 19.16 | CNY to NAD 2.47 | USD to NAD 17.59 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.27 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.04 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.82 | USD to AOA 909.05 | USD to BWP 13.42 | USD to EGP 48.9 | USD to KES 129.2 | USD to NGN 1650.78 | USD to ZAR 17.6 | USD to ZMW 26.73 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1855.18 Down -0.76% | Casablanca Stock Exchange (CSE) MASI 14168.1 Down -0.1% | Egyptian Exchange (EGX) 30 Index 30658 Up +0.94% | Botswana Stock Exchange (BSE) DCI 9844.57 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 746.42/OZ DOWN -0.014 | Copper US$ 4.36/lb UP +0.49% | Zinc US$ 3 049.50/T UP 0.41% | Brent Crude Oil US$ 74.53/BBP UP +2.01% | Platinum US$ 991.94/OZ DOWN -0.0167