According to the Namibia Statistics Agency (NSA), petroleum oils contributed the most to the trade deficit observed in December 2023, with an import bill totalling N$3.0 billion. This was followed by fertilizers, which accounted for a deficit of N$444 million, and motor vehicles for the transportation of goods, with aContinue Reading
In anticipation of being granted a mining licence, Bezant Resources continues with exploration on its 70%-owned Hope and Gorob copper/gold project in central Namibia. The company has also submitted a social and environmental impact assessment to interested and affected parties for comments. The current mineral resource estimate (MRE) indicates viabilityContinue Reading
…as President Mbumba effects changes to the Executive President Nangolo Mbumba has made key changes to his Executive with works minister John Mutorwa being appointed deputy prime minister while Peya Mushelenga is the new minister of international relations. Mutorwa also retains his works portfolio. ICT deputy minister Emma Theofelus isContinue Reading
In terms of Article 32 (3) (i) (dd) of the Namibian Constitution, President Nangolo Mbumba appointed today 9 February 2024, Emma Theofelus as Minister of Information and Communication Technology. As Minister, Theofelus is expected to strengthen the foundation for the accelerated use and development of ICT and ensure the inter-operability/comparabilityContinue Reading
Diamond producer De Beers reported that its 2023 fourth-quarter rough diamond production in Namibia decreased by 4% year-on-year to 600 000 ct, owing to marginally lower grades at the land operations. Overall, production decreased by 3% year-on-year to 7.9-million carats, primarily owing to the planned reduction in South Africa asContinue Reading
Upstream uranium mining and exploration company Madison Metals has discovered high-grade uranium mineralisation at Anomaly 5, located within the company’s Khan project at Madison West in Namibia’s Erongo uranium province. These findings, which include a surface sample of 8.47% triuranium octoxide (U3O8), signal an expansion of new uranium mineralisation, extendingContinue Reading
Evelina Ndeuyamo Shangheta, a multifaceted entrepreneur and dedicated police officer, has harnessed the power of partnership with Yango to drive success in her ventures. As the owner and Managing Director of Hannes and Eve Investment cc (Hannes and Eve Rides), Shangheta has seamlessly integrated her business acumen with the opportunitiesContinue Reading
Between January and February 2024, Bank Windhoek’s Marketing and Corporate Communication Services Department donated toiletries and stationery items to the Baumgartsbrum Farm School and the Rocky Crest High School in Windhoek. The initiative is part of the Bank Windhoek’s Empathy Project. Situated about 20 kilometres from Windhoek towards the DaanContinue Reading
French supermajor, TotalEnergies has made another oil discovery offshore Namibia, although it is too early to say if the find is commercial. The ultra-deepwater exploration probe, said well-watchers, was also drilled deeper to intercept a northern extension of the supermajor’s huge Venus discovery. Three sources indicated to Upstream that theContinue Reading
Shell has just started carrying out flow tests on a key appraisal well drilled on its large Jonker oil discovery in Namibia’s Orange basin. The Jonker-2A well is being drilled an impressive 23 kilometres from the discovery well and was spudded in late November by semi-submersible rig Deepsea Bollsta. ShellContinue Reading
