The stock of international reserves stood higher at N$55.6 billion as at the 31st of May 2024, up from N$54.3 billion on the 31st of March 2024 supported by higher SACU receipts and customer foreign currency placements. According to the Bank of Namibia, at this level, the international reserves stockContinue Reading
Aim-listed Andrada Mining, which owns operations in Namibia, has announced a 14% quarter-on-quarter increase in saleable tantalum concentrate production to 9t for the quarter ended May 31, which is the first quarter of its 2025 financial year. In its quarterly operational update released on June 21, the company reported aContinue Reading
By Nangula Uaandja The world is well aware of the climate finance gap — the gap between the $100 billion currently annually committed by donor countries and the $2.4 trillion needed per year to fund the climate transition. Identifying solutions to mobilize capital is now vital and each part ofContinue Reading
B2Gold Corp. has announced the discovery of an initial Inferred Mineral Resource Estimate of 390,000 ounces of gold at the Springbok Zone, part of the Antelope deposit near their Otjikoto Mine in Namibia. This estimate, derived from extensive drilling and testing, has led the company to begin Preliminary Economic AssessmentContinue Reading
Shakwa Nyambe, Managing Partner of SNC Incorporated, has been appointed as the President-Elect of the Association of International Energy Negotiators (AIEN) for the period of 2024 -2025. His appointment was confirmed at the AIEN Board of Directors meeting held on the 10th of June 2024 in Bangkok, Thailand. This willContinue Reading
Rössing Uranium’s long-term strategy is now focused on identifying an economic pathway for achieving higher production rates from new sources of ore, and extending the life of mine beyond 2036, Managing Director Johan Coetzee has said. According to him, the potential for further expansion of the current SJ Pit isContinue Reading
Eos Capital, managers of the Namibia Infrastructure Development and Investment Fund (NIDIF) have approved the Namibia Spaceport project. This project spearheaded by Q-KON Namibia and will mark a significant milestone for the nation. Furthermore, the project known as the Namibia Spaceport, although not a traditional spaceport, will serve as aContinue Reading
By Cornelia Shipindo In today’s digital age, maintaining security and privacy is more important than ever. With the constant threat of cyber-attacks and data breaches, it is essential for individuals within organisations to play their part in keeping information safe. While technology can help to a certain extent, human errorContinue Reading
Telecom Namibia CEO Dr. Stanley Shanapinda and management paid a courtesy visit to the City of Windhoek and City Police to discuss areas of collaboration aimed at enhancing safety and security, and the protection of telecommunications infrastructure in the City. To expedite the collaborative efforts between the two parties, aContinue Reading
…as 119 houses are handed over in Swakopmund Rural and urban development minister, Erastus Uutoni has said that under the stewardship of Prime Minister, Dr Saara Kuugongelwa-Amadhila, they are doing everything possible to have the remaining five hundred and seventy-two (572) units commenced-but-uncompleted houses under the mass housing development programmeContinue Reading
