
TransNamib announced that an independent investigation into the Rovos Rail passenger train derailment near Keetmanshoop on March 1 has affirmed the necessity for ongoing enhancements in rail safety and operational systems. TransNamib appointed South Africa’s Railway Safety Regulator RSR to conduct the investigation, as Namibia currently lacks its own dedicated railway safety regulator. The RSR chief executive, Brian Monakali, presented the findings to TransNamib leadership, including board and management representatives, and the Namibia Transport and Allied Workers Union. TransNamib chief executive Desmond van Jaarsveld stated that engaging the RSR demonstrates the company’s commitment to transparency, independent oversight, and strengthening safety. He added that the report's recommendations will be thoroughly reviewed and integrated into existing safety programs and operational procedures. Van Jaarsveld emphasized the importance of regional partnerships in advancing rail safety and promoting accountability. Rovos Rail, a private luxury train operator, has operated in Namibia for over 28 years without serious injuries, and its services remain fully operational.
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Formal identification of the four victims of a Desert Air crash earlier this month has been completed, allowing for their repatriation to Germany. National police spokesperson deputy commissioner Kauna Shikwambi confirmed that the bodies are being released to funeral undertakers. The victims were identified as German tourists Silke Lohmiller, Richard Lohmiller, their son Henry, and pilot Martin Funck. The recovery of the aircraft and victims was challenging due to the crash site's location near a mountain peak in a steep gorge with high elevation and treacherous terrain. Access by foot was difficult, and bodies had to be airlifted. DNA testing confirmed the identities, with German authorities providing profiles for the family and the pilot's son submitting a sample. The investigation into the crash's cause is ongoing, with international representatives from the German Aircraft Accident Investigation Bureau and the state of aircraft manufacture joining the team. The aircraft went missing en route from Windhoek to Sossusvlei, and Desert Air chief executive Willem de Wet had previously announced there were no survivors.
Must ReadNamibia is moving forward with green hydrogen projects, including the US$10 billion Hyphen Hydrogen Energy project, even though dedicated legislation for the sector is not yet in place. National Planning Commission director general Kaire Mbuende stated at the World Hydrogen Summit and Exhibition in Rotterdam that Namibia is shifting from planning to implementation, aiming to create 30,000 green jobs by 2030 and contribute to global decarbonization. Green hydrogen is a key component of Namibia’s sixth National Development Plan NDP6, intended to diversify the economy. Projects include the Hyphen project, targeting three million tonnes of green hydrogen annually, the Green Iron Production project, and the Green Transport project with CMB Tech. While some politicians, like Landless People’s Movement parliamentarian Eneas Emvula, have questioned the lack of specific legislation, Minister of industries, mines and energy Modestus Amutse asserts that existing laws, such as the Environmental Management Act and the Electricity Act, are sufficient. However, Mutindi Jacobs, acting deputy chief in the directorate of law reform and legislation, confirmed that consultations for a green hydrogen draft bill are ongoing, with submission to parliament expected by the end of the year after the green hydrogen policy was completed last year. Jacobs noted that the policy, developed by an interministerial committee, is anchored in the Green Hydrogen Strategy of 2022 and the Green Industrialisation B

First Capital chief executive Laina Amutenya has rejected claims of wrongdoing regarding alleged unlawful project management fees. Property developer Joseph Andreas accused First Capital of deducting nearly N$48 million in fees from clients involved in a 300-house project in Grootfontein. Amutenya stated that First Capital operates in accordance with its contractual obligations, applicable laws, and industry standards. She emphasized the importance of preventing stakeholders, including purchasers, investors, and industry participants, from being misled by incomplete reporting on matters that are still subject to judicial determination.
Must ReadThe Namibian government's borrowing from local banks increased by N$20.4 billion over the past year, reaching N$52.4 billion in April. Simonis Storm economist Almandro Jansen noted that this 63.6% surge in government borrowing is the primary driver of money supply growth in the economy. While this influx of funds boosts liquidity, it also heightens the risk of inflation. Jansen pointed out that such significant fiscal-driven monetary expansion has historically led to inflationary pressures in small, open economies with fixed exchange rates. Namibia's inflation rate recently accelerated to 3.1% from 2.1% in a single month, suggesting this risk may be materializing, although the April spike is primarily attributed to the transport component rather than fiscal-monetary transmission. Although government borrowing decreased by N$2 billion from its March peak of N$54.4 billion, Jansen explained that this reduction was largely due to the receipt of Southern African Customs Union Sacu revenue and the normalization of government spending at the start of the new financial year.