An analysis of approved building plans for July 2024 in the City of Windhoek shows that Khomasdal is the most active area, with 23 approved plans primarily for additions and walls. This is followed by Katutura and Goreangab, each with 16 approved plans, predominantly for new houses, suggesting a focusContinue Reading
Seven elephants from a Namibian sanctuary are settling into their new home in Cuatir Nature Reserve in southeastern Angola, the first of many that will make the trip. The elephants were relocated from Mount Etjo Safari Lodge in the Okanjati Game Sanctuary due to concern from conservationists that the areaContinue Reading
The African Association of Energy Journalists and Publishers, AJERAP, has listed four countries—Nigeria, Gambia, Namibia, and Senegal—as top energy investment destinations to watch in the second half (July–December) of 2024. In its latest report, African Energy Outlook Second Half of 2024, AJERAP noted that with increased activities, especially oil andContinue Reading
As momentum builds towards drilling at its flagship Kameelburg Niobium and Rare Earth Element (REE) Project in Namibia, Aldoro Resources Ltd is transitioning the composition of its board. This sees Dr Minlu Fu and Edwin Bulseco join the Aldoro board as non-executive directors of the company effective from today, AugustContinue Reading
From 18 to 25 August 2024, law enforcement agencies from South Africa, Botswana, and Namibia joined forces to conduct a joint law enforcement operation on the Trans-Kalahari Corridor. The operation aimed to ensure complete compliance among motorists and enhance road safety across the region. The week-long initiative brought together variousContinue Reading
The Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010 and its astonishing success in resetting oil and gas industry spending and in-country capacity development was the pivot of a presentation by the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Felix Omatsola Ogbe, an engineer,Continue Reading
Trustco Group Holdings Ltd, the parent company of Trustco Bank Namibia Limited (Trustco Bank), has announced its decision to exit its investment in its commercial banking portfolio, which accounts for less than 1% of its total investments. Trustco Bank Namibia Limited (“Trustco Bank”) has resolved to return its banking licenseContinue Reading
In response to the recent decrease in prime lending rates, Letshego Bank Namibia and Letshego Micro Financial Services Namibia, subsidiaries of Letshego Holdings Namibia, have announced a reduction in their lending rates. The new rates will take effect from 22 August 2024. Letshego Bank Letshego Micro Financial Services NamibiaContinue Reading
In a significant step towards enhancing Namibia’s access to climate finance, the Environmental Investment Fund of Namibia (EIF) and the Development Bank of Namibia (DBN) have signed a Memorandum of Understanding (MoU) to collaborate on the implementation of the “Accreditation of Direct Access Entities in Namibia (NAM-RS-006)” project. The MoUContinue Reading
The National Housing Enterprise (NHE) has cleared the backlog on audited financial statements dating as far back as 2017. The milestone was announced recently by the Chief Executive Officer, Gisbertus Mukulu, following the approval of the 2022 – 2023 audited financials, rendering the Enterprise’s financial books up to date inContinue Reading
