Brazil’s Petrobras is expected to seek the entire 40% stake of Namibia’s Mopane oil and gas exploration block put up for sale by Portugal’s Galp, a director at the state-run oil firm said on Monday. To operate the oil field, Petrobras would need the full 40% stake, said Exploration andContinue Reading
Last week, Bank Windhoek’s Chief Treasurer, Claire Hobbs announced the release of the Bank’s third annual Sustainability Bond Impact Report, highlighting ongoing commitment to responsible business practices and environmental stewardship for the 2023-2024 Financial Year. The Bank Windhoek Sustainability Bond was issued based on the Sustainable Bond Framework. The bond’sContinue Reading
For the year ended 30 June 2024, Oryx Properties has continued its positive growth trajectory, providing a total return of 18.64% to unitholders. For the year ended June 2024, the group reported a total comprehensive profit of N$384.8 million, a significant increase from N$190.9 million in 2023. Net property incomeContinue Reading
The Namibian Agronomy and Horticulture Awards 2024 took center stage last week, spotlighting the nation’s premier producers, traders, input suppliers, and other key contributors to the agronomy and horticulture value chain. This esteemed event celebrated exceptional achievements in advancing food security amidst the growing challenges posed by climate change. HostedContinue Reading
For the third consecutive year, Nedbank Namibia, in partnership with media partner Future Media, hosted a successful watch party for local marketers to participate in the streaming of the Nedbank Integrated Marketing Conference (IMC). The event, held on September 19, 2024, brought together over 20 Namibian creatives and marketers atContinue Reading
Namibia’s railway system is currently at a crossroads, urgently requiring upgrades to accommodate the anticipated increase in demand, with one key element that requires urgent attention being the availability of suitable rolling stock, a Green Hydrogen Business Alliance (H2BA) commissioned report highlights. Systemiq conducted the report between December 2023 andContinue Reading
Minister of Agriculture, Water, and Land Reform, Carl Schlettwein, has detailed the pre-requisites for Namibia’s agricultural sector to thrive and anchor the sector into the value chains map. Addressing delegates at the 25th Bank of Namibia Annual Symposium last week, Schlettwein identified meaningfully recognising agriculture as a national priority andContinue Reading
During the second quarter of 2024, Namibia exported horticultural products valued at N$139.1 million, about N$28 million lower when compared to N$167.8 million that was exported in the same quarter of 2023. According to the Namibia Statistics Agency (NSA), dates were the top exported products, amounting to N$82.5 million, followedContinue Reading
In a quest to transform the operation modalities of State-Owned Enterprises (SOEs) in Namibia to become profitable, government has sent a delegation to Ghana to understudy the blueprint used in the transformation of the SOE sector. The delegation of 16 officials, drawn from different sectors of the Namibian economy, wantsContinue Reading
Rural and urban development minister Erastus Uutoni has called on financial institutions to come on board and assist in the City of Windhoek’s plan to electrify approximately 4,000 households in the next 5 years. This requires funding of N$15-20 million per annum. “Electrification is essential to the well-being of ourContinue Reading
