BP has agreed to acquire a 60% interest in three offshore exploration licences in Namibia from Eco Atlantic Oil & Gas, the companies announced on Monday. Under the agreement, two Eco Atlantic subsidiaries will farm out an aggregate 60% participating Interest in the PEL 97, PEL 99 and PEL 100

Reconnaissance Energy Africa Ltd said it expects to complete production testing at its Kavango West 1X discovery in Namibia by the end of June, a key milestone that could underpin a potential development decision as the company accelerates exploration across southern and West Africa. The oil and gas explorer said

Namibia Power Corporation (Pty) Ltd (“NamPower”), in partnership with its two co-lead arrangers, Cirrus Securities (Pty) Ltd (“Cirrus”) and Nedbank Namibia Limited (“Nedbank”), have announced the successful listing of its N$5 billion Domestic Medium-Term Note (DMTN) Programme on the Namibia Securities Exchange (“NSX”). The listing was officially celebrated with a

By S M Asad Abbas The way Namibians handle money has changed immeasurably over the span of a few short years. It used to be that everyone would wait in long lines at the bank to send a few hundred dollars, and writing cheques was the norm. Today, Electronic Funds