Wia Gold has ‘significantly’ extended its Kokoseb gold deposit in Namibia through a 14-hole reverse circulation (RC) drilling program. The $30.38 million market capitalisation company says the drilling, which comprised 10 RC holes (KRC134-143) and 4 diamond holes (KDD004 and KDD014-16), has outlined a ‘thick’ mineralised shoot and ‘strong’ depthContinue Reading
Offshore drilling contractor Northern Ocean is on the lookout for further assignments for a semi-submersible rig, which is expected to finish its work with Shell in the summer next year, as the oil major chose not to prolong the rig’s current job off Namibia. Back in November 2022, it wasContinue Reading
The Khan project, in Namibia, is becoming a valuable asset to Canadian-headquartered Madison Metals and has potential to contain new high-grade uranium discoveries, says chairperson and CEO Duane Parnham. The project consists of mining licence 86A (ML86A) and exclusive prospecting licence 8905 (EPL-8905) and is immediately southwest of the producingContinue Reading
By Robert Eiman Namibia’s economy is poised to evolve and grow. New sources of economic activity and revenue streams are imminent, and impetus for development of well-being and capital formation at the household level is growing. Recognition of and support for informal enterprise, and structural reforms that give momentum toContinue Reading
By Dr John Steytler Our Honourable President, Dr Hage Geingob, christened 2023 the Year of Revival., where he envisioned reigniting the strength of a resurgent nation. Looking back on this year, our President wasn’t wrong. Namibia has dusted itself off and stood tall in 2023, making strides that larger andContinue Reading
In the third quarter of 2023, Namibia’s Real Gross Domestic Product (GDP) exhibited a noteworthy expansion, registering a robust growth of 7.2 percent, the Namibia Statistics Agency has said. This represents a substantial increase from the 5.4 percent recorded during the corresponding quarter of the preceding year. The economy witnessedContinue Reading
In efforts to bolster the efficiency and transparency of trade processes in the country, the Bank of Namibia and the Namibia Revenue Agency today officially launched Namibia’s first Trade Verification System (TVS). This innovative system will see Namibia’s trade landscape step into a new era of efficiency, compliance, and growth.Continue Reading
The Ministry of Finance and Public Enterprises of the Republic of Namibia and KfW Development Bank, signed an agreement for a concessional loan of N$1,026,650,000 (approx. EUR 50 mio.) for the financing of the rehabilitation and extension of the Gammams and Otjomuise Wastewater Treatment Plants. The objective of the projectContinue Reading
Namibia Airports Company (NAC) has successfully completed the Aerodrome Certification for Hosea Kutako International Airport (HKIA) and Walvis Bay International Airport. The Namibia Civil Aviation Authority (NCAA) issued the aerodrome certificates to NAC last week in accordance with the Namibia Civil Aviation Regulations (NAMCARs) Part 139 provisions. The NCAA statesContinue Reading
By Mauriza Fredericks As the Namibian festive season fills the air, many families eagerly anticipate a time of celebration, togetherness, and cherished memories. However, this joyous period can also bring financial strain due to increased spending on gifts, travel, and entertainment. To avoid the post-holiday financial blues, it is crucialContinue Reading
