In a strategic move set to reshape its exploration portfolio, Ubique Minerals Limited (CSE; FRA:2UM) has announced the acquisition of a majority stake in Resource 500 V Limited (R500), an Irish company with promising mineral exploration assets in Namibia. This acquisition, finalized through a Share Purchase Agreement (SPA), represents aContinue Reading
During the past five years, the City of Windhoek supplied electricity to about 4,000 households in Windhoek’s informal settlements, City Mayor, Queen Omagano Kamati has said. Speaking at the ordinary council meeting last week, Kamati emphasised that access to energy is essential for promoting both economic and human development “NotContinue Reading
Daniel Trappler, Senior Director – Development Sub-Sahara Africa at Radisson Hotel Group (RHG) has said that the Group is developing resort offerings in the wildlife territories in Namibia. The Group is also doing the same in various safari and coastal locations, including Masai Mara, Serengeti, the Kenyan coast, Seychelles, MauritiusContinue Reading
Elevate Uranium has reported high-grade assays from drilling at the Hirabeb prospect within the greater Koppies project in Namibia. The company completed 60 holes for a total of 1,334 metres, focused on a 4.5-kilometre strike length zone of mineralisation in the south-central area of the tenement. Standout intersections included 6mContinue Reading
Canadian oil and gas company Africa Oil Corp. has set the wheels in motion to expand its ownership interest in Impact Oil & Gas, an Africa-focused exploration player with hydrocarbon exploration and appraisal assets in the Orange Basin off the coast of Namibia. Thanks to a call and put optionContinue Reading
Andrada Mining Ltd reported annual revenues up by almost 90% as tin production from its Uis mine in Namibia ramped up. Annual tin concentrate tonnage increased 54% to 1 474 tonnes in the year ending February 2024, while annual tin metal tonnage increased 51% to 885 tonnes. “Thanks to theContinue Reading
Reconnaissance Energy Africa Ltd has provided several key updates, including exploration progress at the Naingopo well at PEL 73 in Namibia. The company said it has drilled the well beyond 2,400 meters, targeting to drill to a depth of approximately 3,800 metres. “Operationally, things remain on track, with the NaingopoContinue Reading
MEA Markets magazine has announced the winners of this year’s African Excellence Awards, with MultiChoice Namibia having been awarded the Most Innovative Entertainment Platform 2024. Now in its seventh year, the African Excellence Awards continues to highlight businesses and individuals for their prestigious accomplishments, passionate approach to their products andContinue Reading
By Frans Koita As Namibia prepares for its upcoming presidential election in November 2024, the next leader will face a complex set of economic challenges that require strategic and decisive action. The country’s real GDP growth is projected to slow to 3.6% in 2024, down from 4.5% in 2023, largelyContinue Reading
GCR Ratings (GCR) has upgraded the Namibian national scale long-term issuer ratings for Letshego Holdings Namibia, Letshego Bank Namibia, and Letshego Micro Financial Services Namibia to A+(NA) from A(NA). The short-term issuer ratings of A1(NA) have been affirmed, and the outlook has been revised to Stable. Karl-Stefan Altmann, Chief FinancialContinue Reading
