Namibia emerged among the top ten innovative economies in Africa, according to the recent World Intellectual Property Organization (WIPO) 16th edition, the Global Innovation Index (GII) report of 2023. The GII reports have been produced annually since 2007, and are aimed at providing insightful data on innovation, to track majorContinue Reading
Shaun Lahner, recently appointed as Nedbank Namibia’s Head of Strategy, Business Development and Research, embodies innovation and strategic acumen, the Bank has said He brings over a decade of comprehensive experience in the financial services industry to the forefront. His journey, marked by significant roles both locally and internationally, isContinue Reading
Portuguese energy player Galp Energia has begun drilling an exploration well at the offshore PEL 83 block in Namibia. The Mopane-1X well is being drilled by the Hercules semi-submersible rig. In May 2023, Galp Energia signed a contract with Bermuda-based vessel and chartering company SFL Corporation for the use ofContinue Reading
…Supermajor may spud first exploration well in October 2024. Chevron is preparing the ground to drill up to 10 exploration and appraisal wells in a highly promising block in Namibia’s exciting Orange basin, directly north of TotalEnergies’ multibillion-barrel Venus discovery. The US supermajor farmed in to Block 2813AB last year,Continue Reading
TotalEnergies has completed more than a dozen flow tests on an appraisal well at its multibillion barrel Venus oil and gas discovery in Namibia’s prolific Orange basin. For the time being, results are being kept under wraps by the secretive supermajor but any sign of hydrocarbons flowing to surface inContinue Reading
Wilson Tjirare, Godfried Zemburuka and Frenfriedt Karipata were recently announced as the top three champions of the Agra 2023 Weaner Championship Series National Winners – Communal Towns. The trio participated in the final Weaner Championship Series event for the Communal towns in Gobabis, hosted by Agra Auctions. The communal townsContinue Reading
By Tomas Koneka Iindji Every successful entrepreneur understands that cash flow is the lifeblood of their business, and that without it, the business will not survive. In the current economic environment, effective cash flow management is crucial for any business to stay afloat. Cash flow provides the necessary funds forContinue Reading
Canada-based junior exploration company Gratomic Inc says it anticipates requiring capital expenditure of N$62 million in its bid to increase the output of its Aukam Graphite facility in Namibia to 12,000 tonnes (57% increase )by November 2024 from its current kick off level of 7,600 tonnes. Since commencing its CommercialContinue Reading
As part of its commitment to the economy of Namibia, Osino which has a policy to buy, where possible, from local companies spent C$9.5 million (N$124 million) on procurement with Namibian suppliers in 2022, of which 26%, C$2.4 million (N$32 million), was spent on suppliers located within 75 km ofContinue Reading
By withholding its support for an obscure cooperation pact, the “Samoa Agreement,” Namibia risks losing loans from the European Investment Bank. The European Commission’s plan for a €1 billion green hydrogen and raw materials partnership with Namibia is in jeopardy, after the southern African nation failed to sign a separateContinue Reading
