Readily committed to ramping up its renewable energy output, Namibia is on the brink of energy transformation. InnoSun – one of the first movers in the market – is aiming to surpass the country’s goal of achieving a 70% renewable energy mix by 2030 through the establishment of utility-scale solarContinue Reading
Fitch Ratings on Friday affirmed Development Bank of Namibia Limited’s (DBN) Long-Term Issuer Default Ratings (IDR) at ‘BB-‘ and its National Long-Term Rating at ‘AA+(zaf)’. The outlooks are stable. “DBNs ‘BB-‘ Long-Term IDRs are driven by potential support from the Namibian authorities, as expressed by its Government Support Rating (GSR)Continue Reading
The Namibian Green Hydrogen Programme (NGH2P), spearheaded by the Ministry of Mines and Energy, has announced that Namibia has been invited to join the International Hydrogen Trade Forum (IHTF). As a Forum member Namibia will participate in the annual Ministerial Meeting and Ministerial-CEO Roundtable which will enable Namibia to activelyContinue Reading
Huge oil discoveries in the deep coastal waters off Namibia over the last two years are generating a wave of energy investor interest in the country’s hydrocarbon reserves – the recent finds potentially turning it into one of Africa’s top petroleum producers in the coming years. With an estimated 11Continue Reading
Antler Gold has expanded its landholding in Namibia. Two additional exploration licenses have been awarded to Antler by the Ministry of Mines and Energy of Namibia, pending issuance of environmental clearance, as well as the renewal of Exclusive Prospecting Licenses EPL-8010 and EPL-6408 (Erongo Central Gold Project). Two newly-awarded licenses,Continue Reading
John Uusiku has been appointed as the new Managing Director and Principal Officer of Namibia Special Risks Insurance Association Limited (NASRIA). Uusiku brings a wealth of experience and expertise in insurance, reinsurance, regulation, and strategic management to lead a dynamic NASRIA team towards greater success and innovation. “We are confidentContinue Reading
The Port of Walvis Bay has welcomed the Norwegian Dawn cruise passenger liner which arrived at 8:00 a.m. on March 22, 2024, and will remain alongside until March 23, 2024. The Norwegian Dawn provides an exceptional 21-day journey from Cape Town, South Africa to Barcelona, Spain. Boasting remarkable amenities suchContinue Reading
A senior team from the World Bank visited the Development Bank of Namibia (DBN) last week to explore development co-operation between the two development financiers. The discussions focused on the preparation of a technical background paper of the financial sector for the Namibia Climate Change and Development Report. Ajai Nair,Continue Reading
German Federal Minister of Economics Robert Habeck and Namibia’s Energy Minister Tom Alweendo have agreed to deepen the two countries’ existing hydrogen partnership. According to the German Federal Ministry for Economic Affairs and Climate Protection (BMWK), the ministers signed an agreement to support the Green Hydrogen Namibia Program, the newContinue Reading
SNC Incorporated has announced the promotion of Shafimana Shimakeleni from Senior Associate to Partner effective 1st April 2024. This milestone not only marks an important occasion for the firm, but is also a testament to the dedication, expertise and exceptional leadership shown by Shafimana throughout his tenure with SNC Incorporated.Continue Reading
