TSX-V-listed gold explorer and developer Osino Resources is progressing with developing a definitive feasibility study (DFS) for its Twin Hills gold project, in Namibia, and is conducting trade-off studies and assessing risks and opportunities for infrastructure enhancement, and water and power supply in particular. An existing preliminary feasibility study forContinue Reading
Debt by non-residents – both foreign individuals and foreign firms – increased from about N$377 million in December 2021 to N$7.6 billion in December 2022 (up 1,927% y/y), a credit report by research firm Simonis Storm reveals. This coincides with a significant rise in foreign direct investment that has beenContinue Reading
The Communications Regulatory Authority of Namibia (CRAN) and the Namibia Revenue Agency (NamRA) have signed a Memorandum of Understanding (MoU) which follows the signing and successful implementation of an agreement between CRAN and the Ministry of Finance: Directorate of Customs and Excise in 2016, to harmonise the implementation of lawsContinue Reading
The central bank, Bank of Namibia has re-launched the SME Economic Recovery Scheme, a revamped scheme designed to be more inclusive and accommodating and to provide general support to the SME sector. The Bank has partnered with local banks in what the Bank has said is “crucial for the revivalContinue Reading
For the month of December 2022, Namibia imported sanitary pads worth N$4.5 million mostly sourced from South Africa and Spain whereas on the export side, Namibia exported Sanitary pads worth N$0.1 million,” a trade bulletin released by the Namibia Statistics Agency (NSA) has revealed. Over the entire period (December 2021Continue Reading
The Roads Authority (RA) has closed off a section of District Road 3660 (DR 3660), from Shipepe to Oontanadhambinga, due to flooding experienced in the area. The closed off section is from Shipepe to Oontanadhambinga in Aakwenyanga village. This section of DR3660 branches off to Main Road 92 between OngwedivaContinue Reading
The yearly rainy season in Namibia tends to occur in the months of November to April. This year Namibia received higher volumes of rainfall, although some parts are yet to receive some showers. However, after the rainy season, grasslands tend to dry which increases the risk of possible natural disastersContinue Reading
Months after its major brand refresh, new digital interfaces and a new approach to integrated advice, First National Bank (FNB) has been named the Strongest Banking Brand in the World in the Brand Finance Banking 500 2023 report. FNB emerged as the leader among the world’s 500 largest banks, withContinue Reading
The Namibia Petroleum Operators Association (NAMPOA) has elected a new leadership during its annual general meeting, held on 24 January 2023. General Manager for the Norwegian oil company BW Kudu, Klaus Endresen, has been re-elected as the chairperson of the association. “With the encouraging exploration results announced in 2022, NamibiaContinue Reading
Yango, an international service for ordering rides online, announces its launch in Windhoek, making Namibia the eleventh African country where Yango is available. Yango already operates in many countries across Europe, Central Asia, the Middle East and Africa, including Ivory Coast, Ghana, Cameroon, Senegal, Zambia, Angola, Congo Brazzaville, DRC, MozambiqueContinue Reading
