The Business and Intellectual Property Authority (BIPA) recorded a total of 869 deregistration’s for 2022, Registrar of Business and Intellectual Property, Vivienne Katjiuongua said in a statement last week. Of these, 613 were CC’s and 256 companies. A total of 5 companies were recorded under liquidation during the same period.Continue Reading
New data by advisory firm Wood Mackenzie (WoodMac) has shown that 2022 was the strongest year in more than a decade for global oil and gas exploration, led by major discoveries in Namibia, Brazil and Algeria. WoodMac reported that the sector created at least US$33-billion of value and achieved full-cycleContinue Reading
The Ministry of Mines and Energy has announced that Namibia will be showcasing the country’s investment opportunities in the mining sector at the 2023 Invest in African Mining Indaba, which will be taking place in Cape Town, South Africa from 6th to 9th February 2023. In its 28th year, thisContinue Reading
Embarking on its biggest investment and philanthropic commitment yet, the NAMDIA Foundation in August 2022 launched its Bursary Scheme, which would grant 14 students aspiring to pursue their academic studies at accredited tertiary education institutions in the SADC region. Through a rigorous selection process, the NAMDIA Foundation awarded 14 youngContinue Reading
TSX-V-listed gold explorer and developer Osino Resources is progressing with developing a definitive feasibility study (DFS) for its Twin Hills gold project, in Namibia, and is conducting trade-off studies and assessing risks and opportunities for infrastructure enhancement, and water and power supply in particular. An existing preliminary feasibility study forContinue Reading
Debt by non-residents – both foreign individuals and foreign firms – increased from about N$377 million in December 2021 to N$7.6 billion in December 2022 (up 1,927% y/y), a credit report by research firm Simonis Storm reveals. This coincides with a significant rise in foreign direct investment that has beenContinue Reading
The Communications Regulatory Authority of Namibia (CRAN) and the Namibia Revenue Agency (NamRA) have signed a Memorandum of Understanding (MoU) which follows the signing and successful implementation of an agreement between CRAN and the Ministry of Finance: Directorate of Customs and Excise in 2016, to harmonise the implementation of lawsContinue Reading
The central bank, Bank of Namibia has re-launched the SME Economic Recovery Scheme, a revamped scheme designed to be more inclusive and accommodating and to provide general support to the SME sector. The Bank has partnered with local banks in what the Bank has said is “crucial for the revivalContinue Reading
For the month of December 2022, Namibia imported sanitary pads worth N$4.5 million mostly sourced from South Africa and Spain whereas on the export side, Namibia exported Sanitary pads worth N$0.1 million,” a trade bulletin released by the Namibia Statistics Agency (NSA) has revealed. Over the entire period (December 2021Continue Reading
The Roads Authority (RA) has closed off a section of District Road 3660 (DR 3660), from Shipepe to Oontanadhambinga, due to flooding experienced in the area. The closed off section is from Shipepe to Oontanadhambinga in Aakwenyanga village. This section of DR3660 branches off to Main Road 92 between OngwedivaContinue Reading
