Following oil and gas discoveries in Namibia’s orange basin, the Namibian Ports Authority (Namport) has revealed massive plans for expansion of the Ports of Walvis Bay and Luderitz which will be predominantly driven by partnering with the private sector. Affirming this, Chief Executive Officer, Andew Kanime last week highlighted thatContinue Reading
Poor management of the oil and gas sector can drive corruption and inequality that in turn will fuel social tensions and threaten political stability, mines and energy minister, Tom Alweendo has warned. Speaking at the recently held Namibia Oil and Gas Conference 2023, Alweendo highlighted that Namibia thus needs toContinue Reading
Prime Minister Saara Kuugongelwa-Amadhila has moved to address Namibia’s energy mix conundrum which is Namibia’s ambitions to explore both oil & gas on one hand, and renewable energy on the other hand. Namibia’s energy mix has received criticism in the recent past prompting Kuugongelwa-Amadhila to provide some clarity. “We canContinue Reading
Partnership with Namibia-based company KDN Geo Consulting has significantly improved the progress made at Australia-based explorer and developer Cazaly Resources’ two projects in Namibia, says Cazaly Resources MD Tara French. Cazaly’s projects in Namibia consist of the Abenab North project, located in the Otavi Mountain Land region of northern Namibia,Continue Reading
Few other commodities have shaped our world and advanced civilisation as profoundly as oil and gas. Oil alone powers a third of the world’s energy production far more than any other commodity making it the lifeblood of the global economy. In the last 18 months, 2 light crude oil discoveriesContinue Reading
Bank Windhoek’s Chief Treasurer, Claire Hobbs, said that foreign exchange markets facilitate international trade, payments, financial transactions, and investments. She made this statement in Windhoek, when she reminded clients about the Bank’s Onshore Foreign Currency (OFC) and Customer Foreign Currency (CFC) Accounts. Hobbs explained that these multi-currency borderless accounts allowContinue Reading
Namibia Berries, an export production blueberry project on the outskirts of Divundu village is planning to develop a 250ha blueberry farm, employing nearly 800 people and also creating 7000 jobs during the harvest seasons. This is a N$1.5 billion investment to be implemented over 7 years, with an ambition toContinue Reading
Trustco Group Holdings has said that it is noteworthy that Bank of Namibia Governor, Johannes !Gawaxab carries a concerning reputation, evident in his D+ grade in the Global Finance Central Banker’s Report, the worst of any post-independence central bank Governor. The Group said this in a statement in which itContinue Reading
The Old Mutual Sustainable, Economic & Empowerment Drive (OM SEED) initiative has ushered in a new era of entrepreneurship in Namibia’s Hardap Region. In collaboration with the United Nations Development Programme (UNDP) Accelerator Lab, Old Mutual Namibia has announced the successful winners of the 2023 OM SEED Hardap Region. LeadingContinue Reading
The Government of the Republic of Namibia (GRN) and Hyphen Hydrogen Energy (Hyphen) have announced dates for a National Green Hydrogen Roadshow. The roadshow, which will run from August until October 2023, will see members of GRN and Hyphen, engage with various stakeholders across Namibia to share information on theContinue Reading
