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
The African Peace Organisation (APO) is set to organise the 3rd edition of the International African Energy, Oil and Gas (IAEOG) Summit to promote business cooperation, stimulate investment and create jobs among African countries. The summit, which is billed to take place in Namibia and will kick off on 22ndContinue Reading
In August 2024, dealerships remained the primary purchasers of vehicles in Namibia, accounting for a substantial 97% (965 units) of total vehicle sales. “Rental agencies contributed 3% (30 units) of sales, exclusively acquiring Toyota models—specifically 20 Corolla Quest units, 8 Hilux units, and 2 Fortuner units. The preference for ToyotaContinue Reading
Dandemutande Investments Pvt (Ltd), through its subsidiary Utande Internet Services Botswana, has acquired a significant equity stake in Africa Online Namibia. As a new shareholder, Utande Internet Services will provide a notable boost to Africa Online’s growth, products, and service capabilities. Utande Internet Services is a premier ICT solutions partnerContinue Reading
…trend may reflect economic caution by property owners August 2024 saw an increase in the number of completed building projects within the City of Windhoek, surpassing both July 2024 and August 2023, but despite this rise in construction activity, the overall value of these completed projects experienced a sharp decline.Continue Reading
Antler Gold Inc. has finalized a definitive agreement with Fortress Asset Management for the Erongo Central Gold Project in Namibia. Under the agreement, Fortress can acquire up to 100% interest in the project for US$5.5 million, with an additional US$6.0 million for exploration expenditures. Antler will retain a 2% netContinue Reading
By Rachel Mushabati Namibia, a nation renowned for its breath-taking scenery and abundant wildlife, is becoming more and more well-known for its booming oil and gas industry. Namibia is quickly rising to the top of Africa’s oil and gas exploration and investment destinations because to notable discoveries and a favourableContinue Reading
BW Energy has filed plans to drill multiple exploration wells over the next two years to assess the potential resource upside of its gas-rich acreage in Namibia’s red-hot Orange basin. The Oslo-listed player operates a production licence covering the 1.3 trillion cubic foot Kudu gas field and, in parallel toContinue Reading
