Namibia’s Ministry of Mines and Energy has issued Reptile Uranium – a subsidiary of ASX-listed Deep Yellow – with a mining licence for the Tumas project. “We are delighted to have received the mining licence for our Tumas project. This represents another key accomplishment in the progress to develop thisContinue Reading
The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, the U.S. Department of State, the U.S. Department of Energy, and the Danish Government have joined forces to resource and execute pre-feasibility studies for green corridors in five countries in the Global South. The “Global South Green Corridors” project aims toContinue Reading
The Bank of Namibia is exploring the implementation of a countercyclical capital buffer (CCyB) as an additional layer of resilience for the banking sector. The CCyB is a forward-looking macroprudential policy tool which acknowledges the cyclical nature of financial markets, economic activity and aims to fortify banks against potential lossesContinue Reading
Amid a rebounding automotive market in Namibia, the heavy commercial vehicles (HCV) sector faced a pronounced downturn, recording a steep 37.5% y/y decrease in units sold. This is according to a report by Simonis Storm which further highlights that in a striking contrast, the light commercial vehicles (LCV) segment emergedContinue Reading
Wia Gold has ‘significantly’ extended its Kokoseb gold deposit in Namibia through a 14-hole reverse circulation (RC) drilling program. The $30.38 million market capitalisation company says the drilling, which comprised 10 RC holes (KRC134-143) and 4 diamond holes (KDD004 and KDD014-16), has outlined a ‘thick’ mineralised shoot and ‘strong’ depthContinue Reading
Offshore drilling contractor Northern Ocean is on the lookout for further assignments for a semi-submersible rig, which is expected to finish its work with Shell in the summer next year, as the oil major chose not to prolong the rig’s current job off Namibia. Back in November 2022, it wasContinue Reading
The Khan project, in Namibia, is becoming a valuable asset to Canadian-headquartered Madison Metals and has potential to contain new high-grade uranium discoveries, says chairperson and CEO Duane Parnham. The project consists of mining licence 86A (ML86A) and exclusive prospecting licence 8905 (EPL-8905) and is immediately southwest of the producingContinue Reading
By Robert Eiman Namibia’s economy is poised to evolve and grow. New sources of economic activity and revenue streams are imminent, and impetus for development of well-being and capital formation at the household level is growing. Recognition of and support for informal enterprise, and structural reforms that give momentum toContinue Reading
By Dr John Steytler Our Honourable President, Dr Hage Geingob, christened 2023 the Year of Revival., where he envisioned reigniting the strength of a resurgent nation. Looking back on this year, our President wasn’t wrong. Namibia has dusted itself off and stood tall in 2023, making strides that larger andContinue Reading
In the third quarter of 2023, Namibia’s Real Gross Domestic Product (GDP) exhibited a noteworthy expansion, registering a robust growth of 7.2 percent, the Namibia Statistics Agency has said. This represents a substantial increase from the 5.4 percent recorded during the corresponding quarter of the preceding year. The economy witnessedContinue Reading
