• Home
  • News
  • Magazine
    • Current Edition
    • Previous Editions
  • Climate
  • Minerals
  • Mining
  • All About Namibia’s Extractive Sector
  • Contact
  • Menu Item
Thursday, May 15, 2025
  • Login
The Extractor Magazine
  • Home
  • News
    • All
    • Africa
    • Climate
    • Copper
    • Exploration
    • Lithium
    • Minerals
    • Mining
    • Namibia
    • Nickel
    • Oil & Gas
    • Precious Metals
    • RIGS & VESSELS
    • Silver
    • Uranium
    Daun, Friedman and Richardson creating a US$1b African gold, copper exploration company

    Daun, Friedman and Richardson creating a US$1b African gold, copper exploration company

    Africa Oil says Tambuti-1X on Block 2913B PEL 56 encounters black oil

    Offshore oil exploration booms in Namibia with key decisions looming

    Connected Minerals completes maiden RC drilling at Etango North-East, moves rig to Swakopmund Uranium Project

    Connected Minerals completes maiden RC drilling at Etango North-East, moves rig to Swakopmund Uranium Project

    Kodo to drill Noronex’s Fiesta prospect on Kalahari Copper Belt

    Kodo to drill Noronex’s Fiesta prospect on Kalahari Copper Belt

    16 mining companies pay N$5,6b in taxes in 2024

    16 mining companies pay N$5,6b in taxes in 2024

    Namcor and Sonangol need to continue working together – Nandi-Ndaitwah

    Namcor and Sonangol need to continue working together – Nandi-Ndaitwah

    Let’s  turn our stones into bread – Swapo secretary general Shaningwa

    Let’s turn our stones into bread – Swapo secretary general Shaningwa

    Uranium mines in Erongo face a 500 cubic meter per hour water deficit

    Uranium mines in Erongo face a 500 cubic meter per hour water deficit

    Supernova moves to increase interest in Block 2712A by acquiring 36% interest in WestOil

    Supernova moves to increase interest in Block 2712A by acquiring 36% interest in WestOil

    Consolidated Copper’s restart of Central Operations based on 10-year mine plan

    Consolidated Copper’s restart of Central Operations based on 10-year mine plan

    Trending Tags

  • Magazine
    • Current Edition
    • Previous Editions
  • Climate
  • Minerals
  • Mining
  • All About Namibia’s Extractive Sector
  • Contact
  • Menu Item
No Result
View All Result
The Extractor Magazine
No Result
View All Result
Home News

Namibia finally signs the Samoa Agreement, unlocking €1b investments

by Editor
December 19, 2023
in News
0
Namibia finally signs the Samoa Agreement, unlocking €1b investments
564
SHARES
1.6k
VIEWS
Share on FacebookShare on Twitter

Namibia finally signed the Samoa Agreement in Brussels, Belgium, on Monday after refusing to ink the deal, citing constitutional concerns.
State-owned New Era newspaper reported on Tuesday that the National Planning Commissioner Director General Oberth Kandjoze signed the agreement, which signifies the country’s position in addressing emerging needs, such as human rights, peace and security, environmental sustainability, and climate change.
Namibia was one of the countries that refused to sign the agreement on 14 November 2023 in Apia, the capital of the Caribbean Island of Samoa.
Kandjoze, Namibia’s head of delegation, told the media in Samoa that the southern African would not sign because of interpretative issues about the Constitution.
“We are worried, of course, just like anybody else,” Kandjoze told Devex, a social enterprise and media platform for the global development community.
Kandjoze added: “But the constitution is what it is.”
The international relations minister, Netumbo Nandi-Ndaitwah, told parliament on 1 November that Namibia would not sign the 20-year deal in its current form.
Nandi-Ndaitwah said Namibia was concerned with the absence of a glossary of terms or a definitions section within the agreement.
She also said the agreement refers to a commitment to the full and effective implementation of future outcomes of Beijing and the International Conference on Population and Development review conferences.
According to Nandi-Ndaitwah, signing such an agreement could bind signatory countries to processes and outcomes.
Nandi-Ndaitwah revealed that the attorney general had flagged these prescriptive provisions that impose certain actions not in line with the Namibian Constitution in 2021.
The Samoa Agreement brings together the European Union and the Organisation of African, Caribbean and Pacific States (OACPS).
The provisional application of the agreement will start on 1 January 2024.
The Agreement will enter into force upon consent by the European Parliament and ratification by the Parties, i.e., all EU Member States and at least two-thirds of the OACPS Members.
Through the European Investment Bank (EIB) Global, the EU pledged €150b in funding for green energy and raw materials partnerships for the OACPS.
Namibia is developing the biggest green hydrogen plant in sub-Saharan Africa, and the EU has pledged €1b for the project and critical raw materials.
The Namibia-EU €1b partnership involved revolutionising sustainable raw materials value chains and renewable hydrogen initiatives.
The Namibia-EU €1b partnership involved revolutionising sustainable raw materials value chains and renewable hydrogen initiatives.
The partners wanted to streamline value chains by collaborating with industry stakeholders to identify, promote, and facilitate cooperation in the exploration and commercialisation of critical raw material projects.
They also wanted to work together to leverage environmental, social, and governance criteria, including mapping and assessing abandoned mines and supporting Namibia in utilising ‘Earth Observation’ and remote sensing techniques for resource exploration, land use planning, and management.
Part of the agreement was to fund the soft and hard infrastructure, including selected mining, refining, mineral green processing projects and investments in water, rail, and renewable energy projects.
Notable are the plans to transform the Port of Walvis Bay into an industrial and logistics hub in the region with the help of the Port of Antwerp and Bruges International.
The other aspect was to enhance capacity and skills within the raw material and green hydrogen value chains, identifying training and skill requirements and enhancing technical and vocational training.
The EU pledged to assist Namibia in developing a national strategy for critical raw materials and enacting a synthetic fuel act to create an enabling environment for the hydrogen and synthetic fuels industry.

*Photo Courtesy of New Era Newspaper

Share226Tweet141
Editor

Editor

  • Trending
  • Comments
  • Latest
Private company led by John Sisay to revive Tschudi, Otjihase, Matchless and Berg Aukas mines  

Private company led by John Sisay to revive Tschudi, Otjihase, Matchless and Berg Aukas mines  

February 6, 2024
ReconAfrica to drill first well in the Damara Fold Belt after raising N$238m

ReconAfrica to drill first well in the Damara Fold Belt after raising N$238m

April 3, 2024
Gratomic targets 12,000t of vein graphite from Aukam mine this year

Gratomic targets 12,000t of vein graphite from Aukam mine this year

February 3, 2024
Askari Metals puts hopes on Kestrel Pegmatite within the Uis Lithium Project

Askari Metals puts hopes on Kestrel Pegmatite within the Uis Lithium Project

3
2024 HOPEFULS: Langer Heinrich’s return after five years

2024 HOPEFULS: Langer Heinrich’s return after five years

2
2023 BROKE 95-YEAR WAIT FOR OIL

Orange Basin’s Mopane-1X well shows signs of hydrocarbons

2
Daun, Friedman and Richardson creating a US$1b African gold, copper exploration company

Daun, Friedman and Richardson creating a US$1b African gold, copper exploration company

May 15, 2025
Africa Oil says Tambuti-1X on Block 2913B PEL 56 encounters black oil

Offshore oil exploration booms in Namibia with key decisions looming

May 14, 2025
Connected Minerals completes maiden RC drilling at Etango North-East, moves rig to Swakopmund Uranium Project

Connected Minerals completes maiden RC drilling at Etango North-East, moves rig to Swakopmund Uranium Project

May 14, 2025
  • Home
  • News
  • Magazine
  • Climate
  • Minerals
  • Mining
  • All About Namibia’s Extractive Sector
  • Contact
  • Menu Item

Copyright © 2023 The Extractor Magazine. | Powered by: Impeccable Tech & Designs

No Result
View All Result
  • Home
  • News
  • Magazine
    • Current Edition
    • Previous Editions
  • Climate
  • Minerals
  • Mining
  • All About Namibia’s Extractive Sector
  • Contact
  • Menu Item

Copyright © 2023 The Extractor Magazine. | Powered by: Impeccable Tech & Designs

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Subscribe now to receive all mining sector and related news!

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

The Extractor Magazine will use the information you provide on this form to be in touch with you and to provide updates and marketing.
Subscribe