By Warren Kozonguizi The year 2023 has started with some good news for Namibians. Granted we did have to search for it a bit, in between all the negative reports on the economy, lack of growth and of course the ‘Januworry Blues.’ The good news concerns the tax deductibility limitsContinue Reading
Representing one of Africa’s final exploration frontiers, Namibia offered a comprehensive overview of its upstream exploration and green hydrogen production opportunities at the Invest in African Energy reception last week, hosted by the African Energy Chamber in London. The emerging producer is uniquely implementing an integrated hydrocarbon strategy that seeksContinue Reading
Vedanta Zinc International (VZI) has noted that its N$6.5 billion Namzinc Refinery Conversion Project which would create in excess of 2000 jobs highly depends on Nampower being able to lower its tariffs to make the project practically feasible. The successful execution of this project will result in Namibia being theContinue Reading
Mining industry organisation Namibia Chamber of Mines (NCM) has noted that Namibia is facing challenges with the water supply, especially at the coast, and current supply is not sufficient to meet the future demand of potential new uranium mines. “Many of these projects are at advanced feasibility stage and requireContinue Reading
Andrada mining spent 49% of its procurement budget on more than 250 Namibian businesses, the company’s recent sustainability report reveals. This translated to N$143 million from the total N$294 million spend. CEO Anthony Viljoen said that the company’s supply chain prioritises procurement from local and national businesses and contractors beforeContinue Reading
By Macveren Kapukare Namibia’s education has been in the spotlight recently, regrettably it wasn’t all favourable news. The results of learners show there is a real need to improve education in all its forms and all levels. Educational reform is essential. Great strides have been made, but with the perfectContinue Reading
Bank Windhoek’s Executive Officer of Corporate and Institutional Banking Lukas Nanyemba has announced Gideon Vos as the Bank’s new Head of Investment Banking at Corporate and Institutional Banking, effective Wednesday, 11 January 2023. “Vos has 19 years’ investment banking experience in African markets. He joins us from the Mauritius CommercialContinue Reading
By Gert Grobler The agriculture sector is the backbone of the Namibian economy as its biggest employer and has over the years been one of the significant sectors that have contributed to national coffers. The sector remains a crucial engine due to its nature of creating a source of income,Continue Reading
The agricultural sector contracted by 1.5 percent during the first three quarters of 2022, compared to the same period in 2021, with the 14.2 percent contraction in 3Q2022 is the largest decline since 2Q2019, research firm, Simonis Storm has said. The biggest contributors the 3Q2022’s decline include livestock farming (downContinue Reading
High Court judge, Justice Ueitele this week postponed to early next month, an application for summary judgment by Copemar SA in which the Spanish firm is seeking to force embattled Fishcor’s subsidiary, Seaflower Whitefish to pay back a loan in excess of N$53 million it claims was never repaid. TheContinue Reading
