ASX-, NSX- and OTCQB-listed Bannerman Energy has struck a deal to acquire 41.8% shareholding in TSX-V-listed critical minerals explorer Namibia Critical Metals Inc (NMI). NMI’s flagship asset is the 95%-owned, advanced and fully permitted Lofdal heavy rare earths project in Namibia, which is the subject of an earn-in agreement withContinue Reading
OLAFIKA SME Development and Mentorship Programme has invited up and coming entrepreneurs to apply for the second intake which will commence on 13 June. Agripreneurs, techpreneurs, health and fitness entrepreneurs, emerging and growth ready jewellers, women in business and especially people living with disabilities are being encouraged to apply andContinue Reading
The Bank of Namibia has announced the appointment of Herman Shilongo as a Board Member of the Namibia Deposit Guarantee Authority for a period of five years while Florette Nakusera will head the administration of the Authority. The appointment of Shilongo as a Board Member by the Bank of NamibiaContinue Reading
On 25 June 2022, Nicolette Mashile, renowned South African broadcaster, and best-selling author of “What’s your move”, will be headlining the 12th Old Mutual Namibia Women’s Summit taking place in Swakopmund. This year’s theme will be “Securing your Financial Future.” Over the years, Mashile has become well-known for speaking onContinue Reading
The past two years have put into sharp focus the need to build economies that are resilient to shocks such as those brought about by global pandemics. Part of building resilient economies is ensuring that they are well diversified not only in terms sources of growth, but also employment, tradeContinue Reading
MINISTER of Agriculture, Water and Land Reform, Calle Schlettwein has dismissed an approach by the Agronomic Producers Association proposing the utilization of existing Green Scheme Irrigation Projects in the north to produce wheat in the 2022 production season. In a statement this week, Schlettwein said that during the preliminary discussionsContinue Reading
The president of the official opposition Popular Democratic Movement (PDM), McHenry Venaani has called for political dialogue following the Chinatown that transpired last resulting in the arrest of NEFF commissariat for economic emancipation, Michael Amushelelo. In a statement over the weekend, Venaani said there was a very strong argument thatContinue Reading
THE recently unveiled Welwitschia Fund that commenced with money estimated around N$300 million will derive its funding from multiple sources, President Hage Geingob has said. The funding sources for the sovereign wealth fund, are comprised of a combination of streams, including a portion of royalties collected from the sale ofContinue Reading
PRICES for oils and fats augmented by 23.4 percent in April 2022 compared to 7.5 percent recorded during the same time a year earlier driven by the increase in the price levels of Cooking oil that escalated from 13.9% to 35.3%, the Namibia Statistics Agency (NSA) has said. Equally, pricesContinue Reading
As Toyota dominates the Namibian market in April SIMONIS Storm Securities anticipates new vehicle sales to continue trending upwards as local demand remains resilient, despite Namibia being in an interest rate hiking cycle. The firm’s economist, Theo Klein this week said vehicle sales will also likely be supported by rentalContinue Reading
