Namibia and South Africa are in talks to launch infrastructure projects worth N$7 billion over the next three years to address current rail and port inefficiencies. The Namibian Executive Director for the Ministry of Finance and Public Enterprises, Titus Ndove was quoted saying that his ministry is mobilising an initialContinue Reading
Salomo Hei, Board Chairperson of the Namibia Statistics Agency has bemoaned funding gaps that have hampered the Agency’s statistical collection initiatives highlighting that this gap has led to a statistics gap, hindering NSA’s ability to conduct all planned surveys and gather comprehensive data. Notable absentees of latest statistics are: theContinue Reading
The Namibia Chamber of Commerce and Industry (NCCI) has commended the Minister of Finance and Public Enterprises, Iipumbu Shiimi for the consultative approach he took in the budget planning process highlighting that it is encouraging that the views and concerns raised, and the recommendations made by NCCI in consultative sessionsContinue Reading
Preliminary interpretation of a vast swath of three dimensional(3D) seismic data in Namibia’s hydrocarbon rich Orange Basin, has provided clues for a contiguous relationship between the Orange basin and the Pelota basin in Southern Brazil and Uruguay. “The time for a conjugate leap from the significant discoveries of Namibia’s OrangeContinue Reading
Namibia-focused junior Reconnaissance Energy Africa (ReconAfrica) has received a significant fillip for its 2024 exploration campaign in the frontier Kavango basin after an independent resource assessor estimated that prospects on its acreage could house 3.4 billion barrels of potentially recoverable oil. Toronto- and Frankfurt-listed ReconAfrica holds a 90% stake inContinue Reading
First oil in 2028, while plausible, would be impressive and for that to happen, some really good results from the current Namibia appraisal program are required, Justin Cochrane, Africa Upstream Regional Research Director for S&P Global Commodity Insights has said. Cochrane who spoke to ECP on what the pathway toContinue Reading
Galp Energia’s share price surged almost 7% on Friday following news it has drilled a successful appraisal and exploration probe on its significant Mopane light oil find in Namibia’s Orange basin and is now set to return to the discovery well to carry out crucial production tests. The Lisbon-based playerContinue Reading
The recently released preliminary outcomes of Namibia’s Population and Housing Census represent a milestone in country’s journey towards a more data-informed governance model. This was last week said by Prime Minister, Saara Kuugongelwa-Amadhila who noted that beyond the numerical intricacies lies a wealth of information that serves as a compass,Continue Reading
Gil Holzman, CEO and President of Eco Atlantic has said that they expect more activity in Namibia’s orange as the country continues to yield excitement after recent oil discoveries. “Namibia has witnessed some of the largest exploration discoveries in recent years, thanks to small explorers never giving up and betterContinue Reading
Uranium exploration and development company Madison Metals will pursue more traditional means of raising capital to fund its future efforts, as the company’s unique uranium tokenisation strategy has not yielded the expected returns. “It’s been slow, I have to admit, and it definitely hasn’t brought the capital that we wereContinue Reading
