An exploration well within a petroleum exploration license (PEL) in Namibia’s Orange Basin operated by France’s energy giant TotalEnergies has come up dry. As reported by Africa Oil Corporation, one of TotalEnergies’ partners in the petroleum exploration license (PEL) 56, the Marula-1X exploration well within the southern part of BlockContinue Reading
Namibia is positioning itself to revolutionize Africa’s aquaculture sector with ambitious plans to establish two large-scale salmon farms along its cold, nutrient-rich coastline. If successful, the projects could propel the nation to the forefront of Atlantic salmon production on the continent, leveraging cutting-edge Norwegian technology and strategic environmental advantages. TheContinue Reading
Namibia, like many nations reliant on regional trade frameworks, faces significant fiscal challenges due to the volatility of revenue from the Southern African Customs Union (SACU). During the recent parliamentary debate on the 2025/26 budget, Finance Minister Ericah Shafudah underscored the pressing issue of declining SACU revenues, a critical incomeContinue Reading
The Namibian financial sector demonstrated notable resilience in 2024, with retirement funds and long-term insurers emerging as pivotal players in sustaining fiscal stability. According to the April 2025 Financial Stability Report (FSR) jointly released by the Bank of Namibia (BoN) and the Namibia Financial Institutions Supervisory Authority (NAMFISA), these non-bankingContinue Reading
BW Energy has unveiled plans to drill a new gas well at its Petroleum Production License 003 (PPL 003) offshore Namibia between September and October 2025, marking a pivotal step in advancing the long-awaited Kudu gas project. The announcement, made by Manfriedt Muundjua, Deputy General Manager of BW Kudu, duringContinue Reading
Namibia’s petroleum sector is poised for a historic leap as TotalEnergies edges closer to finalizing plans for its ambitious Venus offshore oil project, with top officials expressing unwavering confidence in a 2026 green light. Despite formidable technical hurdles in one of the world’s deepest offshore developments, Namibia’s Petroleum Commissioner MaggyContinue Reading
CHC Helicopter, a global leader in helicopter services, has signed a Memorandum of Understanding (MoU) with Namibian aviation operator Court Helicopters. The agreement outlines both parties’ intent to explore a strategic collaboration to search and rescue (SAR) and crew change solutions in Namibia. Under the terms of the MoU, CHCContinue Reading
By Hanli Jacobs In today’s dynamic financial landscape, businesses must take a proactive approach to managing cash flow. While keeping excess funds in bank accounts may seem convenient, it often results in minimal returns and underutilises valuable capital. Forward-thinking companies empowered by these solutions use money market investments to improveContinue Reading
President Netumbo Nandi-Ndaitwah has emphasized the crucial role of human capital development in realizing Namibia’s ambitious energy goals. As the country seeks to establish itself as a significant player in the oil and gas sector, the development of a skilled workforce is not just a necessity; it is a fundamentalContinue Reading
The University of Namibia (UNAM) medical school graduates celebrated a dual boost of professional readiness and financial empowerment this week, thanks to a collaboration with PSG Wealth Namibia. During an event at the Professor Amaambo Auditorium last week, the soon-to-be doctors received sponsored medical scrubs and critical financial literacy trainingContinue Reading
