Tami Itembu, Public and Government Affairs at ExxonMobil and Production Namibia has said that the entity is still behind in its oil exploration and hopes that the government would offer the company more time to pursue oil. “ExxonMobil is kind of behind. It is still early in the game inContinue Reading
LAST Friday, Bank Windhoek publicly launched its 40th birthday celebrations. Since April 1982, as a wholly owned Namibian financial services provider, the Bank has catered to the needs of Namibia and its people. Bank Windhoek’s purpose over the past 40 years has been to impact the lives of Namibians andContinue Reading
Aim-listed AfriTin Mining has announced the results of its internally produced preliminary economic assessment (PEA) for the Phase 2 expansion of the company’s flagship polymetallic asset, the Uis mine, in Namibia. The PEA shows an aftertax net present value of $2.1-billion and an internal rate of return of 75%. ItContinue Reading
A Development Bank of Namibia (DBN) Covid-19 business relief loan has helped to preserve approximately 950 jobs by providing finance of N$53 million to pay salaries of employees of the well-known tourism and hospitality operation, The Gondwana Collection.The 950 employees are distributed among 28 accommodation establishments and companies that makeContinue Reading
DIAMONDS multinational De Beers Group is investing N$30 million in Kelp Blue, a startup focused on growing and managing large-scale giant kelp forests, initially off the Namibian coast. These underwater forests have the potential to safely and permanently lock away vast amounts of carbon dioxide in the ocean. Research hasContinue Reading
NAMPORT CEO, Andrew Kanime has clarified that new container terminal will not be sold but the Authority is only considering concessioning the N$4.2 billion terminal which was commissioned in recent years, Business Express understands. Concessioning is the process whereby an asset, owned by the public sector, is availed for operationContinue Reading
PREMIUMS paid by member institutions amounting to N$5.079 million and a total annual interest income of N$278,496 has led to a 3.8% year-on-year increase in the market value of the Deposit Guarantee Fund to N$10.260 million. This was revealed in the Namibia Deposit Guarantee Authority (NDGA)’s second Annual Report forContinue Reading
Through the collaborative efforts between the Otjiwarongo Town Council and the National Housing Enterprise (NHE), the housing enterprise acquired 40 plots from the Town Council in 2021 and development was initiated, Business Express understands. Recently, NHE management team led by its Chief Executive Officer, Gisbertus Mukulu visited the project siteContinue Reading
PANELISTS at the just ended the fourth edition of the Namibia International Energy Conference in Windhoek have told Namibia not to be apologetic about using oil and gas to anchor its industrialisation agenda. Moderated by African Energy Chamber Executive Chairman, NJ Ayuk, speakers during the panel included Tom Alweendo, MinisterContinue Reading
The word “retire” was borrowed from the French language. They used it in the military during the 16th century to indicate a time when soldiers needed to “withdraw to a place of safety or seclusion”, after their service in the military. The term retirement for us in Namibia means thatContinue Reading
