Sintana Energy Inc said on Monday that efforts are underway to secure a new farm-in partner for Petroleum Exploration License 87 (PEL 87) in Namibia’s Orange Basin after Woodside Energy (GOM) Inc. decided not to exercise its option to participate in the project. In a statement, Sintana said that WoodsideContinue Reading
During August 2024, Namibia exported salt valued at N$59.0 million, mainly exported to Nigeria and South Africa, according to Namibia Statistics Agency (NSA). While on the demand side, the country imported Salt valued at N$1.4 million which was primarily sourced from South Africa. Over the entire period (Aug 2023 toContinue Reading
India is set to establish its next Entrepreneurship Development Centre (EDC) in Namibia, marking a significant step in its educational collaboration with African nations. The announcement came during an address by Puneet Kundal, Additional Secretary (East & Southern Africa Division), Ministry of External Affairs, at a FICCI dialogue with AfricanContinue Reading
Reconnaissance Energy Africa Ltd. (ReconAfrica) has announced that, further to its announcement on July 16, 2024, it has entered into a definitive farm down agreement with BW Energy Limited dated July 30, 2024, for the sale of a 20% working interest in Petroleum Exploration Licence 73 (“PEL 73”), in northeastContinue Reading
The O&L Group through WUM Properties (Pty) Ltd trading as Pick n Pay Namibia owns and operates 19 Pick n Pay branded retail stores in Namibia under a franchise agreement with Pick n Pay South Africa (as franchisor). The O&L Group, through WUM Properties (Pty) Ltd has given notice toContinue Reading
The Global Wellness Institute (GWI), a preeminent authority in the wellness industry, has announced the appointment of Mariane Akwenye as the new Chair of the Africa Initiative. This prestigious appointment reflects Mariane’s unwavering dedication to African wellness traditions and her remarkable contributions to the global wellness landscape. As Chair ofContinue Reading
Uranium project developer Deep Yellow has appointed Nedbank as the mandated lead arranger and bookrunner to coordinate and arrange project financing for its flagship Tumas project, in Namibia. The ASX-listed mining company says Nedbank has an extensive track record in financing mining projects across Africa. The current Deep Yellow managementContinue Reading
Canadian junior ReconAfrica is within two weeks of spudding a closely watched wildcat onshore Namibia. This initial probe will be the first in a two-well exploration campaign in the frontier Kavango basin the company will drill using its own Jarvie 1 rig. Brian Reinsborough, President and CEO commented: “We haveContinue Reading
Celebrated annually on 27 June is Micro, Small and Medium Enterprises (MSME) Day, designated by the United Nations to highlight the potential of micro, small and medium-sized enterprises to transform economies, foster job creation and promote equitable economic growth. Bank Windhoek’s Head of SME, Financial and Data Analytics, Bianca JanseContinue Reading
By Lukas Nanyemba Health is wealth. The international community agrees that good health is of social and economic value to individuals, society and the economy in general. Good health enables the prosperous and flourishing societies that governments strive to achieve. Investing in health is a wise choice in the bestContinue Reading
