By Christoff Bauernschmitt Affordable housing is one of the key aspects for development in Namibia and in response to country’s pressing housing needs, Old Mutual Namibia launched its Housing Fund in August 2024. With an initial capital of N$50 million, the initiative is set to provide critical financial support forContinue Reading
Galp Energia, which has spudded the Mopane 1-A well as part of the second exploration and appraisal campaign in PEL 83 in Namibia’s Orange basin has slashed well costs to around US$75 million (about N$1.3 billion) per well, Business Express understands. This was revealed by CEO Filipe Silva who toldContinue Reading
The Namibian table grape industry is looking forward to a good export season, which is due to gather momentum with shipments through the port of Walvis Bay from week 47. Early growers are expected to start packing next week, but exporters have said that during the first two weeks thereContinue Reading
Paladin Energy has identified several solutions to help overcome short-term operational challenges as it continues ramping up the Langer Heinrich uranium mine (LHM) in Namibia. The LHM re-commenced commercial production on 30 March 2024 following the successful completion of the restart project and is undergoing an operational ramp-up during FY2025,Continue Reading
Connected Minerals has become the latest Australian explorer to hit Namibia, with the company in this case on the hunt for uranium. The company is chasing up unverified historic data suggesting uranium could be present with that conclusion supported by scintillometer readings. That’s a radiation-based tool used by geophysicists. Notably,Continue Reading
The recently released 2023 Census Main Report has shown that about 13.8 percent of the households depend on the old age pension, while 10.7 percent depend on farming for their survival, and the majority, 46.6 percent of households in Namibia, depend on salaries and wages. Beyond this, 9% depend onContinue Reading
Minister of Agriculture, Water, and Land Reform, Carl Schlettwein, has distinguished four key entry points for positioning domestic agricultural producers to better leverage value chains in the sector and realise increasing value shares. Schlettwein, who was speaking last week at the Keetmanshoop Agricultural & Industrial and Tourism Expo in theContinue Reading
Mines and Energy Minister Tom Alweendo has said that Namibia needs to embrace technology and innovation across all stages of development in both oil and gas and green hydrogen industry value chains. Alweendo was addressing delegates at the 2024 Erongo Business & Tourism Expo when he further stated that digitalContinue Reading
Impact Oil & Gas, a privately-owned, Africa-focused, exploration company, has announced that following receipt of all the relevant regulatory approvals from the Government of Namibia and joint venture partner consents, the Company has completed the farm out of its interests in Blocks 2912 and 2913B offshore Namibia to TotalEnergies EPContinue Reading
88 Energy has wrapped up a successful 2D seismic program across its petroleum exploration licence 93 (PEL93) in Namibia’s Owambo Basin with initial analysis picking up significant subsurface structures. Although the 203km of 2D seismic lines still need to be fully interpreted in-house, the company said it was happy withContinue Reading
