…anticipates starting production in 2026 Namibia Critical Metals which is developing the Tier-1 Heavy Rare Earth Project, Lofdal – a major rare earth deposit containing dysprosium and terbium – will envisage to employ 500 in its construction phase while the production phase will have a permanent workforce of around 200,Continue Reading
UK-based oil and gas company Tower Resources has undertaken a basin and thermal maturity study within its operated license PEL 96 in Namibia. This has significantly progressed the AIM-listed player’s understanding of the hydrocarbon prospectivity of the license. The UK player highlights that the results of its recently completed geochemicalContinue Reading
Research experts, Simonis Storm have said that they maintain their view that no further rate hikes in Namibia will take place for the remainder of 2023. The local Monetary Policy Committee (MPC) had their third meeting for 2023 and hiked the repo rate by 50bps, taking the repo rate fromContinue Reading
AviaDev Africa, the leading platform dedicated to enhancing connectivity to, from, and within the African continent, is delighted to announce that the event will be held in the beautiful city of Windhoek, Namibia in June 2024, hosted by the Namibia Airports Company. This annual forum will bring together influential stakeholders,Continue Reading
By Joachim Komeheke The European Commission defines Sustainable Finance as the “process of taking Environmental, Social and Governance (ESG) considerations into account when making investment decisions in the financial sector, leading to more long-term investments in sustainable economic activities and projects”. For a greater part of our existence on earth,Continue Reading
The upward movement in interest rates has presented consumers with difficulties in obtaining loans at affordable terms, research firm Simonis Storm has said. Specifically, car loans typically involve a rate of prime plus 2 percentage points, which implies that current car loan rates stand at 13.5% on average. ”While householdContinue Reading
The Chamber of Mines of Namibia has said that it wholeheartedly supports local value addition to all minerals produced in Namibia to grow the economy and create jobs. In a statement, the Chamber welcomed the Cabinet decision on the understanding that Cabinet is referring to the ban on the exportContinue Reading
Having completely overhauled its products and packages, Paratus announces that it is giving more value at the same price to its customers. This is possible due to the activation of the Equiano subsea cable, for which Paratus built the landing station. Equiano brings significantly more capacity to businesses and residencesContinue Reading
Ina recent interview André Compion, Managing Director, FlyNamibia spoke about how the firm is supporting the growth of Namibia’s transportation and logistics sector by offering local and regional flights, primarily serving the country’s coast and northern regions. In September 2022, South Africa’s Airlink joined as a 40% shareholder, enabling FlyNamibiaContinue Reading
By Erastus Ngaruka With the commencement of the winter season, small stock (goats and sheep) farmers have a big task at hand of ensuring that this lambing (sheep birth) and kidding (Goat birth) season progresses well in order to potentially achieve their production targets. Generally, animals’ breeding activities take placeContinue Reading
