Uranium mining and exploration company Madison Metals has announced a private placement of units at a price of C$0.40 each for aggregate gross proceeds of up to C$500 000 (about N$6.8 billion). Each unit will comprise one common share in the capital of the company and one-half of one common shareContinue Reading
By Johnny Truter In the past, bank robbers were brazen. They used weapons and physical intimidation to instil fear into staff, security guards and any customers who were in the branch. Their timing was considered. They would strike on the last day of the month, for instance, at a timeContinue Reading
Since the rise of Namibia’s green hydrogen agenda, the University of Namibia (UNAM) has inked at least 30 Memorandums of Understanding with national and international institutions on green hydrogen among other efforts to support the Namibia’s push towards a hydrogen driven economy. With activities under these MOUs underway, the NamibiaContinue Reading
Uranium explorer Deep Yellow is making strides towards extending the mine life of its Tumas project to a targeted 30 years, with a recent drill programme unearthing additional resources to prolong the current life-of-mine (LoM). The primary objective of the reverse circulation resource expansion and infill drilling programme completed toContinue Reading
Namibia-focused metals and mining company Andrada Mining, which operates the Uis mine, achieved significant growth in the six months ended August 31, driven by a 67% year-in-year increase in tin concentrate production to 758 t, which resulted in a 58% increase in contained tin to 454 t. Consequently, revenue increasedContinue Reading
Frontier Energy Network, the exclusive community for energy leaders worldwide, is set to host a reception for its Sub-Saharan Africa Members in Windhoek. The event will be co-hosted by Frontier Corporate Member, SNC Incorporated, a full-service energy, natural resources, corporate and commercial and dispute resolution law firm with offices inContinue Reading
On a month-on-month basis live exports saw a 27.80% decline from the 13 899 heads exported in September to 10 035 heads exported in October. According to the Meat Board of Namibia, live exports are 36.0% lower than a year ago and 41.94% lower than the 5-year average. “Cattle liveContinue Reading
Household credit extension remains a key driver in the growth of Private Sector Credit Extension, exhibiting a moderate increase of 4.2% y/y in October 2023. According to Simonis Storm, this is an escalation from the 2.8% y/y growth seen in October 2022, albeit a slight decrease from the 4.3% y/yContinue Reading
Bank Windhoek’s Executive Officer of Marketing and Corporate Communication Services, Jacquiline Pack, said that embracing social responsibility is not just a mere investment but a journey towards a sustainable and harmonious future for the Bank’s business, stakeholders, and the society it serves. She delivered this statement last week, in Windhoek,Continue Reading
Namibian start-up Kelp Blue which is based in Luderitz has won the Zayed Sustainability Prize, the United Arab Emirates’ pioneering global sustainability and humanitarian award which was announced at COP 28. Kelp Blue was finalist in the new climate action category, introduced to mark the UAE’s ‘Year of Sustainability’ andContinue Reading
