The Bank of Namibia’s financial performance showcased increased robustness in 2023 due to higher interest rates and average investment balances, with operating profit soaring by 57.5 percent, from N$651 million in 2022 to N$1.0 billion in 2023. In this regard, the amount designated for distribution increased by 24 percent year-on-year,Continue Reading
Mineral exploration and development company Koryx Copper has closed a non-brokered private placement for N$19 million. The proceeds of the private placement will be used for further exploration at the company’s projects in Namibia and Zambia and for general working capital. Koryx owns the Haib copper project, in Namibia, andContinue Reading
ASX-listed uranium producer Paladin Energy has achieved uranium concentrate production and drumming at the Langer Heinrich Mine (LHM), in Namibia, as of March 30. The company said in a statement on April 2 that focus would now shift to production ramp-up and building a finished product inventory, ahead of shipmentsContinue Reading
The Namibia Airports Company (NAC) is celebrating Namibia’s recent outcome of the Universal Safety Oversight Audit Programme – Continuous Monitoring Approach (USOAP-CMA), an on-site audit conducted by the International Civil Aviation Organization (ICAO) from 6-18 March 2024. The international audit was undertaken to evaluate the effectiveness of Namibia’s safety oversightContinue Reading
On the evening of Wednesday, 27 March, Nedbank Namibia held its annual employee Top Achievers Awards 2022 ceremony under the theme – celebrating the success of your rhythm in harmony. The top achievers’ awards recognise the performance and contributions of employees who have made a significant impact in the company’sContinue Reading
The Government Institutions Pension Fund (GIPF) benefit payments in the last five years between 2019 and 2023 totalled N$27 billion while employee contributions received over the same period amounted to N$22.4 billion, insights from GIPF’s integrated annual report for the 2023 financial year reveal. This indicates a 20% higher pay-outContinue Reading
Two of four green hydrogen pilot projects that were announced in 2022 have already yielded more than 300 jobs with production expected as early as this year, chairperson of the green hydrogen council, Obeth Kandjoze revealed last week. Back in August 2021, following extensive discussions and negotiations with German, NamibiaContinue Reading
Barney Harmse, Chairman: Paratus Group in Africa, has said that Group is positioning itself to be a major player in the low earth orbit (LEO) technology, confirmed by the fact that they are building the OneWeb gateway (teleport) in Angola and have also signed a multi-year distribution agreement with themContinue Reading
TotalEnergies is running simultaneous flow tests in a pair of wells on its huge Venus oil discovery offshore Namibia, according to head of exploration Kevin McLachlan. The supermajor currently has two rigs involved in appraising Venus — the drillship Tungsten Explorer, which it partly owns, and the semi-submersible drilling rigContinue Reading
Twelve scientists from Southern African Development Community (SADC) countries will head to Germany in May, where they will have an opportunity to obtain more in-depth insight into green hydrogen amid the region’s unveiling of important green hydrogen projects, pilot plant initiatives and the awarding of a large number of greenContinue Reading
