Paratus Group Holdings Limited (Paratus) has secured a N$600 million (about US$31 million) debt facility to drive the expansion of its pivotal fibre and data centre business across the continent over the coming three years. The debt has been secured from the Emerging Africa Infrastructure Fund (EAIF), part of theContinue Reading
Gold miner B2Gold has spent up to N$908 million CAPEX on its Namibian operations for this year in the months ending 30 September 2023. For the third quarter only, capital expenditures totalled N$257 million (about US$13 million), consisting of N$178 million (US$9 million) for deferred stripping in the Otjikoto pitContinue Reading
…New name derived from Karas and Oryx Deep-South Resources Inc. has announced that effective November 10, 2023, it will be changing its name to Koryx Copper Inc. There is no change in the share capital of the Company and the shareholders are not required to exchange their existing share certificatesContinue Reading
City Mayor, Cllr. Joseph Uapingene has said that the City of Windhoek will consider incentives as one of the ways to encourage residents to pay their debts and thereby relieve the City and residents of the current debt. The City approved its 2023/2024 budget which has grown to N$5 billion.Continue Reading
Nedbank Namibia, one of the country’s leading banks, is set to play a pivotal role in supporting small and medium enterprises (SMEs) through a pioneering programme initiated by the Namibia Special Risks Insurance Association (Nasria). Participating financial institutions seek to address a significant hurdle faced by SMEs – the lackContinue Reading
Speaking during a third quarter 2023 results Q&A, executives at Shell said that the company expects to drill another exploration well and appraisal well and carry out another flow test offshore Namibia over the next six to nine months, as the company moves towards understanding a development pathway for itsContinue Reading
Aim- and ASX-listed Celsius Resources has received confirmation of the renewal of the exclusive prospecting licence for the Opuwo cobalt project, which is held under its Namibian subsidiary Opuwo Cobalt. The Namibian Ministry of Mines and Energy issued the two-year renewal of the exclusive prospecting licence for EPL 4346, whichContinue Reading
By Joachim (Joggie) van Schalkwyk In an era of unparalleled financial complexity, where managing money has become a critical life skill, it is critical to ensure that the next generation is well-equipped to navigate the economic landscape. For good reason, the term “financial literacy” has gained popularity in recent years.Continue Reading
By Johann van Rooyen The end of the year is filled with frenzied shopping, Black Friday and Cyber Monday deals and online shopping are the norm. Although in Namibia, most of us still go to physical shops, there is a shift to shopping online, the convenience alone is worth it.Continue Reading
Government’s over-expenditure on debt interest payments which has seen actual spending on interest payments for FY2022/23 surge massively beyond budget warrants further scrutiny, research experts Simonis Storm have said. In an environment characterized by high-interest rates, Namibia’s actual spending on interest payments for FY2022/23 surged to N$9.5 billion, an amountContinue Reading
