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No business as usual- Kuukongelwa
No business as usual- Kuukongelwa

Green hydrogen to flood Lüderitz with jobs – Kandjoze

NDP must not be business as usual, PM warns
Kandjoze said government did not sign for any loans related to green hydrogen, adding that the funds Namibia will receive will be in the form of grants.
Elizabeth Joseph
National Planning Commission (NPC) director-general Obeth Kandjoze says the harbour town of Lüderitz will be flooded with jobs once the green hydrogen project commences.

He was speaking during the launch of the formulation process of the sixth National Development Plan (NDP).

"We will start with the //Karas Region for however long it takes, moving through Hardap. Thereafter, we will spread out to the rest of the country. Lüderitz will be flooded by the number of jobs this project will bring.”

According to him, ministries have direct instructions to visit every town in Namibia to give overviews of the green hydrogen project, its benefits and the job opportunities attached to it.

Kandjoze also rubbished claims that government is irresponsibly borrowing money to fund its equity in this project.

"There is no loan that I know of that the minister of finance signed off. A grant is what it is," he said.

Final stretch

Also speaking at the occasion, Prime Minister Saara Kuugongelwa-Amadhila said NDP6 is the final stretch to achieving Vision 2030, and should therefore not be treated as ‘business as usual’.

"The strides Namibia made in terms of eradicating poverty were almost completely wiped out by these blows to the economy.

“There should be no business as usual. We should identify game-changers across sectors and ministries and we should adopt innovative approaches," she said.

She added that resource allocation should be a priority in order to optimise outcomes.

"I am glad to note that the United Nations system is providing support to Namibia to adopt and actualise the integrated national financing framework to scale up existing developmental financial flows and to identify and leverage non-traditional, innovative forms of financing.”

She further said while Namibia is becoming a key player in green hydrogen and oil, NDP6 should consolidate these "new realities" into tangible results.

"[Tangible results] in terms of sustainable development and national capacity development in the form of acquiring skills and knowledge, improved governance, employment, industrialisation and wealth creation that translates to improved welfare conditions for Namibians.”

Kuugongelwa-Amadhila added that NDP6 should further consolidate social protection programmes to optimise impact while ensuring fiscal sustainability.

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Namibian Sun 2024-04-30

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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$ 2 296.30/OZ DOWN -0.017 | Copper US$ 4.53/lb DOWN -0.0045 | Zinc US$ 2 928.30/T DOWN -1.19% | Brent Crude Oil US$ 86.96/BBP DOWN -0.0159 | Platinum US$ 933.73/OZ UP +2.34% Sport results: Premier League: Nottingham Forest 0 vs 2 Manchester City | Bournemouth 3 vs 0 Brighton | Tottenham Hotspur 2 vs 3 Arsenal | Aston Villa 2 vs 2 Chelsea | Everton 1 vs 0 Brentford | Wolves 2 vs 1 Luton Town | Fulham 1 vs 1 Crystal Palace | Manchester United 1 vs 1 Burnley | Newcastle 5 vs 1 Sheffield United | West Ham 2 vs 2 Liverpool LaLiga: Barcelona 4 vs 2 Valencia | Real Betis 1 vs 1 Sevilla | Villarreal 3 vs 0 Rayo Vallecano | Granada 3 vs 0 Osasuna | Cadiz 1 vs 1 Mallorca | Atletico Madrid 3 vs 1 Athletic Club | Deportivo Alaves 3 vs 0 Celta Vigo | Almería 1 vs 3 Getafe | Las Palmas 0 vs 2 Girona SerieA: Genoa 3 vs 0 Cagliari | Fiorentina 5 vs 1 Sassuolo | Napoli 2 vs 2 AS Roma | Atalanta 2 vs 0 Empoli | Bologna 1 vs 1 Udinese | Inter Milan 2 vs 0 Torino | SS Lazio 1 vs 0 Hellas Verona | Juventus 0 vs 0 AC Milan | Lecce 1 vs 1 Monza European Championships Qualifying: Preston North End 0 vs 3 Leicester City | Hull City 3 vs 3 Ipswich Town | Millwall FC 1 vs 0 Plymouth Argyle | Blackburn Rovers 0 vs 0 Coventry City | Watford 1 vs 0 Sunderland | Bristol City 2 vs 0 Rotherham United | Huddersfield Town 1 vs 1 Birmingham City | Sheffield Wednesday 3 vs 0 West Bromwich Albion | Norwich City 2 vs 2 Swansea City | Cardiff City 1 vs 4 Middlesbrough | Southampton 0 vs 1 Stoke City English Championship: Preston North End 0 vs 3 Leicester City | Hull City 3 vs 3 Ipswich Town | Millwall FC 1 vs 0 Plymouth Argyle | Blackburn Rovers 0 vs 0 Coventry City | Watford 1 vs 0 Sunderland | Bristol City 2 vs 0 Rotherham United | Huddersfield Town 1 vs 1 Birmingham City | Sheffield Wednesday 3 vs 0 West Bromwich Albion | Norwich City 2 vs 2 Swansea City | Cardiff City 1 vs 4 Middlesbrough | Southampton 0 vs 1 Stoke City Weather: Katima Mulilo: 13° | 33° Rundu: 13° | 32° Eenhana: 14° | 33° Oshakati: 16° | 32° Ruacana: 15° | 33° Tsumeb: 16° | 31° Otjiwarongo: 15° | 29° Omaruru: 16° | 31° Windhoek: 15° | 28° Gobabis: 16° | 29° Henties Bay: 17° | 30° Wind speed: 21km/h, Wind direction: S, Low tide: 13:33, High tide: 07:25, Low Tide: 02:00, High tide: 20:21 Swakopmund: 16° | 22° Wind speed: 23km/h, Wind direction: SW, Low tide: 13:31, High tide: 07:23, Low Tide: 02:00, High tide: 20:19 Walvis Bay: 19° | 30° Wind speed: 28km/h, Wind direction: SW, Low tide: 13:31, High tide: 07:22, Low Tide: 02:00, High tide: 20:18 Rehoboth: 16° | 29° Mariental: 20° | 32° Keetmanshoop: 21° | 32° Aranos: 18° | 31° Lüderitz: 18° | 33° Ariamsvlei: 18° | 32° Oranjemund: 15° | 32° Luanda: 26° | 29° Gaborone: 18° | 31° Lubumbashi: 12° | 26° Mbabane: 16° | 30° Maseru: 11° | 26° Antananarivo: 13° | 24° Lilongwe: 16° | 29° Maputo: 18° | 33° Windhoek: 15° | 28° Cape Town: 14° | 21° Durban: 19° | 26° Johannesburg: 16° | 26° Dar es Salaam: 24° | 31° Lusaka: 16° | 28° Harare: 13° | 28° Economic Indicators: Currency: GBP to NAD 23.48 | EUR to NAD 20.07 | CNY to NAD 2.59 | USD to NAD 18.79 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.69 | ZWL to NAD 0.04 | BRL to NAD 3.64 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.16 | USD to AOA 834.06 | USD to BWP 13.69 | USD to EGP 47.8 | USD to KES 134.48 | USD to NGN 1389 | USD to ZAR 18.79 | USD to ZMW 26.75 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 76456.15 Up +1.44% | Namibian Stock Exchange (NSX) Overall Index 1707.28 Up +2.04% | Casablanca Stock Exchange (CSE) MASI 13373.9 Up +0.14% | Egyptian Exchange (EGX) 30 Index 26011.28 Up +5.57% | Botswana Stock Exchange (BSE) DCI 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$ 2 296.30/OZ DOWN -0.017 | Copper US$ 4.53/lb DOWN -0.0045 | Zinc US$ 2 928.30/T DOWN -1.19% | Brent Crude Oil US$ 86.96/BBP DOWN -0.0159 | Platinum US$ 933.73/OZ UP +2.34%