Mines and Energy Minister, Tom Alweendo and his Zambian counterpart, Peter Kapala have signed a memorandum of understanding (MoU) to facilitate a private sector led infrastructure development project aimed at building an oil and gas pipeline from the port of Walvis Bay to Zambia. At the signing, Alweendo said ifContinue Reading
Debmarine Namibia, the Joint Venture marine diamond recovery company owned in equal shares by the Government and the De Beers Group, today announced the appointment of Willy Mertens as its new Chief Executive Officer, with effect from 1 November 2022. Mertens will succeed Otto Shikongo, who retires from the businessContinue Reading
Sintana Energy has announce that Trago Energy (Pty) Limited, a Namibian affiliate of the Company, has completed a transaction with Chevron Namibia Exploration Limited, a wholly-owned subsidiary of Chevron, in respect of its interest in Petroleum Exploration License 90 located in the Orange Basin in Namibia. The deal is estimatedContinue Reading
The Lofdal heavy rare earth project has the potential to be a “significantly” bigger operation than the previous studies, with Namibia Critical Metals on Monday unveiling the results of a new preliminary economic assessment (PEA). The new PEA works on a larger yearly run-of mine (RoM) and plant throughput ofContinue Reading
By Geneva Hanstein Namibia is one of the last countries in Africa enforcing mandatory Subscriber Identity Module (SIM) card Registration. Mandatory SIM Registration is a policy adopted by several governments, around the world as part of efforts to mitigate security concerns, address crime and enable the application of digital services.Continue Reading
TSX-V-listed Deep-South Resources announced that the High Court of Namibia’s hearing of the review of the Minister’s decision not to renew the exploration and prospecting licence for the Haib copper project was held on October 3, and the judge indicated that a written judgment was to be expected on NovemberContinue Reading
By Katja Meier Central Banks use interest rate increases to slow down the increase in inflation. These past few months have tested the resolve of even the most seasoned of investors. Central Banks around the world are wielding a big axe in the form of interest rate hikes to cutContinue Reading
FirstRand Namibia recently handed over clinical equipment and medical consumables valued at N$136,328 to UNAM Cares as well as N$500,000 towards equipment for the Veterinary Diagnostic Laboratory at the University of Namibia Veterinary Academic Hospital. This is part of the FirstRand Namibia Foundation’s commitment towards driving systemic change in education,Continue Reading
…Build it to pay Spar at least N$250 000 monthly Oshikango Build It has pushed through a settlement agreement with the Spar Group in a matter in which the Group had approached the courts to have the northern building supplies retailer liquidated over debt of approximately N$27 million. Earlier this year,Continue Reading
In terms of Government Policy, the Namibia Fish Consumption Promotion Trust (NFCPT) and Ministry of Fisheries and Marine Resources want to achieve at least 20.4kg fish consumption per person per year within this financial year, fisheries and marine resources minister, Derek Klazen has said. This translates to about 47,000mt consumedContinue Reading
