BANK of Namibia governor, Johannes Gawaxab has said that the central bank undertakes to execute its statutory mandate and is strongly committed to managing the Welwitschia Fund in line with the Bank of Namibia Act (1) of 2020 section 4 which expands on the holding and managing of the foreignContinue Reading
The Zambian and Namibian governments are next month expected to sign a Memorandum of Understanding for the construction of a Gas and Oil pipeline from Windhoek into Lusaka. Energy Minister Peter Kapala disclosed this when he paid a courtesy call on Siavonga District Commissioner Geoffrey Jakopo at his office. KapalaContinue Reading
NAMIBIA Breweries Limited (NBL), a subsidiary of the Ohlthaver & List (O&L) Group has announced the temporary discontinuation of its low-alcoholic and -kilojoule beer brand, Windhoek Light. NBL foresees the current stock of Windhoek Light to be sufficient at current demand for the month of May 2022, after which theContinue Reading
With the employment challenges faced by recent graduates in the country, Old Mutual Namibia saw the need to play their part in easing this burden the nation faces. Old Mutual Namibia put out a call inviting recent graduates to apply for a chance to gain market related skills to betterContinue Reading
Development Bank of Namibia (DBN) has signed an agreement to provide N$193 million to finance a new solar power generation plant, near the Kahn substation in the Namib Desert. The plant will feed 20 MW into Nampower’s Kahn substation, from where it will be distributed to households and industrial consumers.Continue Reading
AIM-listed investment company Kazera Global has raised N$20 million, before expenses, through placing 100-million new ordinary shares at a price of 10c apiece with new and existing investors, representing a 5% premium to the closing price on June 4. Kazera invests in South Africa-based diamond and heavy mineral sands projects,Continue Reading
B2Gold’s Otjikoto Mine performed well during the first quarter of 2022, producing 35,061 ounces of gold, 5% (1,803 ounces) above budget, with processed tonnes, grade and recoveries all slightly better than budget, Clive Johnson, President and Chief Executive Officer of the mine has said. He further highlighted that as aContinue Reading
DUBBED the commodity of the month by the Namibia Statistics Agency (NSA), Namibia imported cheese valued at N$14.6 million during the month of March, mostly sourced from South Africa. Over the year, the lowest import value of N$11.0 million was observed during the month of February 2022 while the highestContinue Reading
NAMIBIAN recycling company, NamiGreen, has started to measure CO2 reductions enabled by their recycling efforts, NamiGreen, Per Hansen recently said in a statement. NamiGreen E-waste recycling in Namibia collects and recycles a considerable amount of used and broken electronics (i.e. e-waste) from both companies and households in Namibia. The companyContinue Reading
DUNDEE Precious Metals has said that its Tsumeb smelter has performed below its expectations in the first quarter of 2022, this, attributable to maintenance works at the plant. Announcing its operating and financial results for the first quarter of 2022, the miner said at Tsumeb, while complex concentrate smelted wasContinue Reading
