Mobile Telecommunications Company (MTC) has announced an impressive 5.85% revenue growth for the just ended financial year. Dr Licky Erastus shared the company’s performance at its annual Financial Performance Announcement today. MTC has over the last 10 years openly shared its performance with the public in the interest of transparencyContinue Reading
Eco (Atlantic) Oil & Gas Ltd, a prominent player in the oil and gas exploration sector focusing on the offshore Atlantic Margins, has reported significant interest in its oil blocks off the coast of Namibia. The company is now contemplating a potential farm-out of its offshore Petroleum Exploration Licences (PELs)Continue Reading
Noronex Ltd and its big joint-venture partner, global miner South 32, have struck 30m at 1.1 per cent copper-equivalent from a 5000m drill program at their Fiesta prospect, part of the wider Humpback-Damara project in the south-western African country of Namibia. The project sits along the renowned Kalahari copper belt,Continue Reading
Non-monetary gold was Namibia’s largest exported commodity in October 2024, accounting for 16.9 percent of the total export of goods which was predominantly destined for South Africa. According to the Namibia Statistics Agency (NSA), uranium came second on the list accounting for 15.3 percent of the total exports and wasContinue Reading
The banking sector experienced a notable improvement in liquidity during October 2024, with average liquidity levels rising to N$6.7 billion, up from N$5.9 billion in September. According to Simonis Storm, this increase was primarily driven by cash inflows from coupon payments, diamond sales, and the redemption of the GC24 bond.Continue Reading
Nuclear energy’s renaissance – propelled by the need for clean, emissions free baseload energy – has also delivered a corresponding boost for uranium. However, geopolitics being what they are, the world’s largest consumer of uranium – the US – and the largest producer of enriched uranium – Russia – areContinue Reading
…as Finance and Public Enterprises Ministers appoints new Board of Directors The Development Bank of Namibia (DBN) has announced the appointment of its new Board of Directors, effective 1 January 2025. Appointed by the Minister of Finance and Public Enterprises, Honourable Ipumbu Shiimi, in line with the Public Enterprise GovernanceContinue Reading
Students from the Namibia University of Science and Technology (NUST) dominated the recently-held 2024 Ballerina Hackathon, taking first, second and third place. A collaboration between NUST and leading software company WS02, the event challenged Namibian developers to push the boundaries of application programming interface (API) integration, microservices orchestration and event-drivenContinue Reading
Just as we are about to close the year, South African footwear brand Bathu surprises fans with a new store. Theo Baloyi, the brand’s founder, took a major step by opening his first international store at Maerua Mall in Windhoek, Namibia. The new store is Bathu’s 35, following the recentContinue Reading
By Dr. John Steytler As we rapidly approach the end of the year, we often take stock and review the year. What have we achieved? Did our resolutions withstand the pressures of everyday life, or will we try again in the new year? Whether you separate your year into personalContinue Reading
