July 2023 occupancy levels have been the best over the last five years, having surpassed July 2018’s occupancy rate by 0.12 percentage points, research firm, Simonis Storm has said. The tourism peak season of 2023 is exhibiting robust performance, with July 2023 recording an occupancy rate of 61.0%, compared toContinue Reading
Kago Mmolawa, HR Executive for Botswana and Namibia at AECI Mining, was recently recognised as one of Botswana’s top 100 HR leaders in 2023 – an achievement she regards as one of her proudest career moments. “The Top 100 HR Leaders initiative is inspired by Botswana’s Vision 2023, which hasContinue Reading
Namibia’s energy sector is on the brink of a significant transformation, thanks to the discovery of substantial oil and gas reserves, ambitious renewable and green hydrogen projects, and the government’s proactive approach to attracting new investment. ExxonMobil is one of the companies making progress in unlocking the full potential ofContinue Reading
A Southern African Development Community (SADC) backed natural gas infrastructure plan to bolster energy supplies allocates over N$45 billion ($2.5 billion) of the envisaged total of investment of N$320 billion ($17 billion) to Namibia, Business Express understands. SADC endorsed the 15-year plan to coordinate resources, it said last week afterContinue Reading
TSX-V-listed Deep-South Resources has announced a private placement of 30-million units at a price of C$0.065 apiece, for gross proceeds of up to C$2-million (about N$27 million). Each unit will be comprised of one common Deep-South share and one-half of one common share purchase warrant. In turn, each warrant entitlesContinue Reading
Trigon Metals has announced the production of its first copper concentrate. On Friday, August 18, 2023, the Company produced its first sale-ready dried copper concentrate for sale at the mill which has a capacity of 1,000 tonnes per day on Monday, August 21, 2023, the first full day of concentrateContinue Reading
Aim-listed Andrada Mining has posted a bigger loss before interest, taxes, depreciation and amortisation for the year ended February 28 at £5.9-million, on the back of a 34% lower tin price. The prior year’s loss amounted to £2.6-million. The average tin price realised by Andrada for the 2023 financial yearContinue Reading
Namibia’s Nation Brand Working Committee, chaired by the Deputy Minister of Information and Communications Technology, Emma Theofelus has resolved to appoint an independent consultant to develop the nation brand strategy for Namibia, with the ultimate objective to enhance the country’s global presence. The Namibia Investment Promotion and Development Board (NIPDB),Continue Reading
Momentum Life Insurance LifeReturns®, is a pioneering digital screening solution poised to redefine life insurance underwriting and purchasing processes. This breakthrough integrates digital discounting mechanisms and a swift underwriting process, cementing Momentum Life Insurance as a forerunner in AI-driven insurance innovation. Harnessing the power of smartphone screening technology, LifeReturns® scansContinue Reading
In recent weeks, Namibia’s only special risks insurer, Namibia Special Risks Association Limited (NASRIA) invested approximately N$160 000 into various Corporate Social Responsibility and Investment (CSR&I) initiatives in various regions in Namibia. The donations were predominantly in education support, one of NASRIA funding priorities under its CSR&I policy. These donationsContinue Reading
