Canadian junior ReconAfrica is within two weeks of spudding a closely watched wildcat onshore Namibia. This initial probe will be the first in a two-well exploration campaign in the frontier Kavango basin the company will drill using its own Jarvie 1 rig. Brian Reinsborough, President and CEO commented: “We haveContinue Reading
Oslo-listed offshore drilling rig owner Northern Ocean has secured a contract with a subsidiary of a major oil and gas operator for its Deepsea Bollsta semi-submersible drilling rig, which will be put to work offshore Namibia. The one well contract duration is estimated at 63 days and will likely startContinue Reading
Uranium mining company Paladin will continue to use previously mined stockpile ore for production at the Langer Heinrich mine next year, and will restart mining activities in 2026. Having recently completed the restart of the Namibian mine, Paladin on Wednesday announced its 2025 production guidance of 4-million to 4.5-million uraniumContinue Reading
Dual-listed Andrada Mining has executed a legally binding agreement to restructure Uis Tin Mining Company (UTMC), the operational Namibian entity that holds the ML133, ML134 and ML129 mining licences in Namibia, to ensure a more efficient corporate structure going forward. The company is seeking to increase its ownership interest inContinue Reading
Construction experienced modest growth of 3.5% y/y in the first quarter of 2024, following three consecutive quarters of decline, a report released by Simonis Storm reveals. This growth was significantly lower compared to the 26.8% y/y increase seen in the first quarter of 2023. “The NSA attributed this minimal growthContinue Reading
Celebrated annually on 27 June is Micro, Small and Medium Enterprises (MSME) Day, designated by the United Nations to highlight the potential of micro, small and medium-sized enterprises to transform economies, foster job creation and promote equitable economic growth. Bank Windhoek’s Head of SME, Financial and Data Analytics, Bianca JanseContinue Reading
…as 145 companies have already booked for Expo participation The Chamber of Mines has announced the upcoming 11th Mining Expo & Conference, scheduled for August 7th and 8th, 2024, at the Windhoek Showgrounds. This year’s event is proudly sponsored by RMB, a leading financial services provider to Namibia’s mining sector.Continue Reading
Namibia Breweries Limited (NBL) and the Namibia Food and Allied Workers Union (NAFAU) recently signed an 18-month substantive wage agreement for the period 01 July 2024 to 31 December 2025. With effect from 01 July 2024, all bargaining unit employees will receive a wage increase of 2.5% on basic salariesContinue Reading
Telecom Namibia has announced a 3-year transformative partnership with a Joint Venture between ZTE Corporation and Huafull International Limited. ZTE is a global leader in Mobile Technology Solutions. This strategic collaboration marks a significant step forward in revolutionizing the Telecom Namibia mobile network capabilities and coverage across the country. AsContinue Reading
Eos Capital has partnered with Africa Venture Partner Projects (AVPP) and Oyeno Poultry Industries (Oyeno Poultry) to invest in Kadila Poultry Farming (Kadila Poultry) through its Euphrates Agri Fund (Euphrates), the only private equity agriculture fund in Namibia. Kadila Poultry will construct a 6-house broiler farm between Windhoek and OkahandjaContinue Reading
