With a significant portion of government debt due for repayment, government is set to fork out close to N$23 billion servicing its debts in 2025 alone, including the maturing US$750 (N$14.3 billion) Eurobond due on 29 October 2025 which will be the largest single day debt maturity in the historyContinue Reading
The Port of Walvis Bay has recorded an increase of about 22% in vessel visits since the start of the Suez Crisis when air- and seaborne Houthi militia from Yemen attacked and hijacked an autoliner, the Galaxy Leader, near the Bab al-Mandab Strait between the Red Sea and the GulfContinue Reading
Capricorn Group’s positive financial performance for the six months ended 31 December 2023 has enabled the Group to create value of N$2.4 billion for all stakeholders, contributing to the socio-economic development of Namibia and Botswana and positively impacting many lives including our employees, suppliers, shareholders, communities and government. The valueContinue Reading
By Dr. John Steytler As I watched and listened to Finance Minister Iipumbu Shiimi table the national budget under the theme ‘Continuing the Legacy of Hage Geingob’, my heart grew heavy, but I also felt pride. The untimely passing of our President caused great shocks and sadness across Namibia andContinue Reading
Leading African law firm, Bowmans, is expanding once again, this time into Namibia. The firm has announced that it will join forces with Koep & Partners (Koep) from 1 March 2024, to establish a presence in Namibia, which is on the cusp of significant growth. Koep is one of theContinue Reading
Thunder Gold Corp has finalized a deal to sell its 25% stake in the Dor-Wit copper property in Namibia to Noronex Limited, marking a pivotal shift in its business strategy towards gold exploration in Canada. This transaction not only enhances Noronex’s position in the Kalahari Copper Belt but also signifiesContinue Reading
Trigon has decided to postpone the expansion of its processing plant capacity from 30ktpm to 60ktpm, originally planned for 2024, to 2025. This delay allows the underground operations to establish a performance track record and be ramped up to a steady state of 30ktpm, ensuring a prudent and informed expansionContinue Reading
The need for economic stimulation and the importance of creating enabling platforms for business exhibitions has seen Mobile Telecommunications Ltd (MTC) extends its Corporate Social Responsibility hand to the region of ||Karas by committing an amount of N$115 000 towards the successful hosting of the popular Luderitz Cray Fish Festival.Continue Reading
In response to the challenges that the Namibia Institute of Pathology Limited (NIP) faces in specimen transportation, NIP has acquired 18 new vehicles to meet its specimen transportation needs. The addition of these vehicles is a significant milestone for the NIP’s laboratories across the country, and it represents ongoing commitmentContinue Reading
Dr. Klaus Endresen, Chairman of the Namibia Petroleum Operators Association, spoke with Energy Capital & Power about interfacing between industry, government and the public following Namibia’s offshore discoveries. How does NAMPOA facilitate collaboration among its members, as well as between the public and private sector? It’s quite clear that knowledgeContinue Reading
