DIAMONDS multinational De Beers Group is investing N$30 million in Kelp Blue, a startup focused on growing and managing large-scale giant kelp forests, initially off the Namibian coast. These underwater forests have the potential to safely and permanently lock away vast amounts of carbon dioxide in the ocean. Research hasContinue Reading
NAMPORT CEO, Andrew Kanime has clarified that new container terminal will not be sold but the Authority is only considering concessioning the N$4.2 billion terminal which was commissioned in recent years, Business Express understands. Concessioning is the process whereby an asset, owned by the public sector, is availed for operationContinue Reading
Through the collaborative efforts between the Otjiwarongo Town Council and the National Housing Enterprise (NHE), the housing enterprise acquired 40 plots from the Town Council in 2021 and development was initiated, Business Express understands. Recently, NHE management team led by its Chief Executive Officer, Gisbertus Mukulu visited the project siteContinue Reading
Namibia has been ranked 59th out of 84 jurisdictions surveyed in the Fraser Institute Annual Survey of Mining Companies 2021, seen as a benchmark of a country or region’s attractiveness to mining investment. The ranking is one of Namibia’s lowest ever and compares with 52nd out of 77 in 2020Continue Reading
Acting minister of Public Enterprises, Iipumbu Shiimi has dismissed talk of a potential TransNamibia liquidation saying that there is no truth in the allegations as portrayed in the media. Iipumbu emphasised that the State maintains the view that TransNamib is a strategic entity in the country’s logistics hub aspirations andContinue Reading
Diamond miner De Beers, a subsidiary of diversified miner Anglo American, has announced a provisional rough diamond sales value of $565-million (N$8.2 billion) for the third sales cycle of 2022. The value included global sightholder sales and auctions for the cycle. “On the back of robust demand for rough diamondsContinue Reading
THE Namibian Competition Commission (NaCC) on 30th March 2022 resolved to initiate an investigation against various private pathology laboratories and other providers of covid-19 testing services in terms of Section 33 of the Competition Act, 2003 (No. 2 of 2003) (“the Act”). The investigation pertains to the alleged excessive pricingContinue Reading
The Executive Secretary of the Southern African Development Community (SADC), Elias M. Magosi, on 07th April 2022, paid a courtesy call on Hage Geingob, President of the Republic of Namibia, and Incoming Chairperson of the SADC Organ on Politics, Defence and Security Cooperation, at State House in Windhoek, Namibia. TheContinue Reading
“The TKC is not only important to Botswana but to the region as it promotes intra – regional and international trade as well as allowing the movement of people for business and tourism,” said Dr. Batlang Comma Serema, High Commissioner of the Republic of Botswana to Namibia. The High CommissionerContinue Reading
NAMPORT’S revenue has declined 2% to N$1.113 billion (2019/20: N$1.138) against a target of N$1.032 billion, with an operating profit of N$96 million (2019/20: N$132 million),” the Authority’s latest annual report reflects Subsequently, the Group’s revenue, which includes Namport and its subsidiaries, was down 12% to N$1.485 billion (2019/20: N$1.688Continue Reading
