The majority of TSX- and NYSE-listed Osino Resources Corporation’s shareholders have voted in favour of Chinese miner Yintai Gold’s buyout of Osino at a cash consideration of C$1.90 apiece. The companies are now working to obtain approvals from regulatory authorities in Namibia and China. Osino expects the C$368-million, or $272.3-million,Continue Reading
At Windhoek International School (WIS), the Primary Years Programme (PYP) is transforming the lives of young learners, starting from Kindergarten. As the only school in Namibia offering the International Baccalaureate (IB) continuum, which includes the PYP, Middle Years Programme (MYP), and Diploma Programme (DP), WIS provides a unique, seamless educationalContinue Reading
Kraatz Engineering, a subsidiary of the Ohlthaver & List (O&L) Group has announced that it has recently been awarded ISO 9001:2015 certification after successfully completing a series of external audits conducted by Det Norske Veritas (DNV). DNV is an internationally accredited registrar and classification society that provides certification services toContinue Reading
RMB has been appointed by QKR Navachab as the initial mandated lead arranger, underwriter, and coordinator of a syndicated loan from Namibian and South African banks. The loan providing bespoke term funding, worth USD155 million (about N$2.8 billion), is earmarked for the mine’s recently announced expansion programme. The multifaceted solutionContinue Reading
Bank Windhoek’s Managing Director, Baronice Hans has announced the appointment of Saara Shivute as the Bank’s Executive Officer of Sales and Bancassurance, effective 1 June 2024. Hans said that since joining Bank Windhoek in 2018 as Head of Specialist Finance, Shivute has been instrumental in driving the Bank’s success asContinue Reading
In a landmark decision, five Southern African nations have expanded a regional visa to enhance tourism and streamline cross-border travel, similar to the Schengen Visa. The new Schengen-style visa for Southern Africa will boost tourism by simplifying travel across Angola, Botswana, Namibia, Zambia, and Zimbabwe. This unified visa, mirroring theContinue Reading
The Capricorn Foundation reinforced its commitment to invest in early childhood education when, last week, it announced the extension of its partnership with the African Child Development Trust (ACDT). The Capricorn Foundation announced an investment of another N$575 000 into printing pre-primary and grades 1 to 3 workbooks. Since 2020,Continue Reading
Namibia possesses the capacity to replicate Guyana’s achievements in the energy industry, according to NJ Ayuk, the African Energy Chamber’s chairman. Ayuk lauded the abundant geological resources of both nations in a recent discussion with Paul Hickin, editor-in-chief of Petroleum Economist. However, he emphasised the criticality of fiscal and regulatoryContinue Reading
By Niita Evaristus Two years ago, Namibia Institute of Pathology Limited (NIP) embarked on an ambitious transformation journey with its Integrated Strategic Business Plan (ISBP) 2022-2027, aptly named Za Tuka, which translates to “The plane has taken off” in Rukwangali. This ambitious five-year plan is demonstrably proving its worth andContinue Reading
BW Energy is in talks with other Orange basin players in Namibia about securing access to a drilling rig to accelerate exploration activities close to its Kudu gas discovery. The Oslo-listed junior operates Production Licence (PL) 3 which holds the 1.3 trillion cubic foot Kudu field that the company wasContinue Reading
