PSW Technology is following key customers including Odfjell Drilling and Northern Ocean internationally and has established a strategically important subsidiary in Namibia. Recent deepwater oil discoveries off the Namibian coast, coupled with ambitious drilling plans from international operators, are positioning Namibia as an exploration hotspot. PSW Technology`s establishment is drivenContinue Reading
The Financial Intelligence Centre (FIC) Chairperson of the Anti-Money Laundering and Combating the Financing of Terrorism and Proliferation Council, Johannes !Gawaxab has urged the FIC, accountable institutions, and the entire financial sector to proactively establish the requisite capabilities for mitigating the introduction of new forms of financial crimes. !Gawaxab whoContinue Reading
Bornventure Mbidzo, acting CEO of the Namibia Tourism Board has said that people must come to Namibia as tourists and fall in love with country before they’re willing to do business there. Owing to this, Mbidzo said these people which could be investors will find the need to invest inContinue Reading
In a significant boardroom enhancement, Namibia Asset Management Ltd. (NAM) has announced the appointment of two new Independent Non-Executive Directors, effective from August 1, 2024, pending regulatory approval. This strategic move is aimed at strengthening NAM’s governance and expertise amid evolving market dynamics. According to information available from the JohannesburgContinue Reading
By Ndapwilapo Selma Shimutwikeni In light of the recent oil and gas discoveries in Namibia, local content was a central focus at the recently concluded 6th edition of the Namibia International Energy Conference, which was attended by over 750 delegates from 46 nations. In the oil and gas industry, localContinue Reading
Australia-listed uranium junior Bannerman Energy on Friday announced a placement to raise A$85-million (about N$1.03 billion) for the continued development of its Etango-8 project, in Namibia. The two-tranche placement comprises 25.8-million new fully paid ordinary shares to new and existing institutional and sophisticated investors at an issue price of A$3.30Continue Reading
Choppies Namibia has announced the successful opening of its new store in Mondesa. This grand opening marks a significant milestone for the company, featuring a deli, bakery, and butchery. The new store is a testament to Choppies Namibia’s commitment to bringing fresh products to the community and ensuring that residentsContinue Reading
NamWater, in collaboration with the Government of the Republic of Namibia (GRN) and the African Development Bank (AfDB), has announced the groundbreaking ceremony for the Ohangwena II Wellfield Water Supply Schemes (WSS) Project. This milestone event took place today at the NamWater Defluoridation Plant in Eenhana, Ohangwena Region. The OhangwenaContinue Reading
The month of May saw building plans worth about N$232 million approved in Windhoek and Swakopmund as the construction sector growth for the first time in four quarters. According to Simonis Storm, Windhoek observed an increase in building plan approvals in May 2024 as approvals rose by 7.6% m/m andContinue Reading
NamWater has announced the commencement of the Ondangwa-Omutsegwonime pipeline replacement project with a groundbreaking ceremony held today at NamWater offices in Ondangwa. This significant event marks the beginning of Phase 1, focusing on the critical 17-kilometer stretch from Ondangwa to Oshali. The Ondangwa-Omutsegwonime bulk water supply scheme, known as theContinue Reading
