A key catalyst for domestic tourism growth is the expected third 25 bps rate cut by the Bank of Namibia in December 2024, following two earlier 25 bps cuts this year, research experts, Simonis Storm have said. This additional reduction is likely to further lower borrowing costs, making travel moreContinue Reading
In the first two quarters of the year, the Central Procurement Board of Namibia (CPBN) approved the cancellation of three bids valued at N$1.1 billion. Bid cancellations are provided for under Section 54 of the Public Procurement Act before a bid is accepted, under specific circumstances such as non-responsiveness, irregularities,Continue Reading
Aldoro Resources Ltd has acquired two diamond drill rigs to fast-track exploration and resource definition at the Kameelburg REE and Niobium Project in Namibia. The drill rigs, expected to arrive in the first week of November, will be accompanied by drill rods, consumables and spares. Capable of drilling up toContinue Reading
Offshore drilling is set to commence at Portuguese oil company Galp Energia’s Mopane discovery site in Namibia, with Saipem’s Santorini drillship arriving at the site on 23 October, reported Bloomberg. The Mopane field, part of the Orange Basin, is estimated to hold at least 10bbbl of oil and gas equivalent.Continue Reading
Italian contractor Saipem expects to have sufficient vessels in hand to answer calls from operators for deepwater exploration and development jobs in Namibia, despite seeing all of its offshore engineering and construction fleet fully booked until mid-2026. Speaking at a conference call on Thursday following the release of the company’sContinue Reading
Langer Heinrich Uranium made a sponsorship contribution of N$50,000.00 towards the hosting of the 2024 Nuclear Science and Technology Conference. Johan Roux, LHU’s Managing Director formally handed over the sponsorship to the Atomic Energy Board of Namibia and confirmed Langer Heinrich Uranium’s commitment to corporate social responsibility. The Atomic EnergyContinue Reading
Olympia Eye & Laser Centre has announced an exciting breakthrough in retinal care for patients in Namibia. Dr. Talitha Maritz recently performed a series of treatments using the advanced Navilas® Laser System 577s Prime, marking a new chapter in the treatment of retinal conditions, specifically central serous choroidopathy, diabetic macularContinue Reading
In the last ten years, Grove Mall witnessed more than 19 million cars entering the parking, over 63 million customers walking through the doors, contributing to over N$18 billion in reported turnover while also creating employment for 1576 people throughout the mall. This was revealed by Armond Boshoff, CEO ofContinue Reading
The country’s ongoing need to address the lack of Working Integrated Learning (WIL) opportunities for students has seen the Social Security Commission (SSC) commit a tune of N$200 000 towards the Namibia National Internship Programme (NNIP). This is to increase the programme’s intake capacity, which currently only takes in 300Continue Reading
By Tommy Nangombe As technological progress and new sources of data constantly change our economy and society, they are on the verge of radically changing the insurance industry. From pure protection against risks, increasingly, insurance means assuming a proactive attitude anticipating and preventing them. The current digital revolution does notContinue Reading
