Trustco Group Holdings Limited has announced today that it has entered into an agreement to repurchase a significant block of publicly traded shares on the Johannesburg stock exchange from the University of Notre Dame du Lac (Notre Dame), for USD5 million in cash. The transaction also allows Trustco to increaseContinue Reading
Namibia has a chance this year to elevate its profile among hotel investors. This week, Namibia hosts the Africa Hospitality Investment Forum for the first time. Hoteliers will gather in the country’s capital of Windhoek at the Mövenpick Hotel Windhoek between June 25-27. For Namibian hoteliers, tourism officials, developers andContinue Reading
SolarSaver, the designated solar provider for fuel retailer Engen, has successfully installed solar PV systems at 150 Engen fuel stations across Botswana, Namibia, and South Africa. These installations, with a total capacity of nearly 6.59 MW, are expected to generate 12.2 million kilowatt-hours of electricity in their first year ofContinue Reading
Following metallurgical column leaching test work for its Norasa Uranium project in Namibia, Forsys says that extensive follow-up test work is planned. The primary areas of focus will include additional column tests aimed at assessing a high-pressure grinding roll crushed product, acid consumption, irrigation rate and leach duration, with theContinue Reading
Tristream Capital, a company that offers alternative financing solutions to mining companies in exchange for royalties on production, is planning to inject N$68 million into the Aukam graphite project in Namibia. According to project owner Gratomic, Tristream will receive a 5% royalty on graphite sales from Aukam. It was revealedContinue Reading
Arcadia Minerals has appointed Eugene Coetzee as project manager to oversee the construction of the Swanson tantalum mine, in Namibia. Coetzee brings more than three decades of hands-on experience in engineering and project management across diverse sectors, including mining and construction, highlighted by roles at notable operations such as DeContinue Reading
A high-ranking representative of the Namibian government recently met with the secretary of the Iran Nanotechnology Innovation Council (INIC), Emad Ahmadvand to discuss avenues to enhance cooperation between the two countries in nanotechnology, Business Express understands. Iran has made nanotechnology its priority in recent years, achieving remarkable success. Nanotechnology researchContinue Reading
In a remote corner of Namibia, near a ghost town that was once a diamond mining hub, a startup called Kelp Blue is trying to pioneer a new coastal industry. Offshore, the company is now growing a mini-forest of giant kelp attached to the ocean floor. In the morning, aContinue Reading
Tourism inflows continue their positive trajectory, with the national occupancy rate reaching 60.3% in May 2024, according to statistics released by Simonis Storm. This is the highest rate observed this year and the highest since October 2019, when the occupancy rate was 69.9%. “This milestone for the tourism industry surpassesContinue Reading
In the first quarter of 2024, Namibia’s imports of cereal grains were valued at N$587.3 million, an increase from N$518.3 million recorded in the corresponding quarter of 2023. According to the Namibia Statistics Agency (NSA), maize was the highest grain imported with a value of N$405.1 million, followed by wheatContinue Reading
