London-listed Bezant Resources has signed a nonbinding letter of intent (LOI) to enter into a partnership with CrossBoundary Energy Management and Eversolar for the provision of a renewable and/or hybrid solar energy supply for the Hope and Gorob copper/gold project in Namibia, in which Bezant holds a 70% interest. SubjectContinue Reading
The United States Government-funded Reach Namibia project has launched the Adolescent and Youth Livelihoods and Entrepreneurship Accelerator (ALIVE) Hub at Rundu, Kavango East Region. The ALIVE Hub initiative will equip project participants with entrepreneurial skills to establish sustainable businesses. In collaboration with the Ministry of Sport, Youth and National ServicesContinue Reading
Trigon Metals has secured a N$46 million advance from its offtaker, IXM S.A., to be utilized for working capital for the Company’s Kombat mine in Namibia. The advance payment will be drawn in two tranches of N$23 million each, the first tranche having already been drawn and the second trancheContinue Reading
With the rising cost of living, many Namibians are burdened by financial pressure, which is aggravated by inflation. Facing increasing financial pressure, many policyholders are tempted as a first reaction to cancel or stop paying their insurance and retirement premiums to ease the financial burden. Wendy Naruses, Marketing and CommunicationsContinue Reading
A delegation of the World Bank Group’s (WBG) Board of Executive Directors (EDs) noted South Africa’s and Namibia’s progress in achieving their development goals and re-affirmed World Bank Group’s commitment to providing support. The 11 EDs and Alternate EDs were hosted by the World Bank and International Finance Corporation (IFC)Continue Reading
88 Energy Ltd told investors it has completed the 2D seismic acquisition programme onshore Namibia. The program, which covered 203 line-kms, in the Owambo Basin, was completed on time and within budget. Data processing is now underway, with final imaging results expected by the fourth quarter. It is expected thatContinue Reading
…as quarterly profit goes up 16% Portugal’s Galp Energia, opens new tab reported on Monday a 16% rise in second-quarter net profit, beating expectations as higher oil prices and lower production costs offset reduced output and the refining margin held steady. The company also confirmed ongoing preparations for a secondContinue Reading
TotalEnergies Chief Executive Officer (CEO) Patrick Pouyanne envisions Namibia experiencing an oil boom similar to Guyana’s, a July 18 Bloomberg report read. TotalEnergies SE, Shell Plc and Galp Energia SGPS SA, have made significant offshore discoveries with an 80% success rate since early 2022. “We are preparing the country toContinue Reading
Swarovski Namibia hosted its first annual event with its customers as well as members of public at its recently opened shop at the Grove Mall Namibia. This occasion was graced with an intimate crowd including the new brand ambassador Cassia Sharpley, Jonathan Minter, Swarovski Regional Manager and owner Wagner Luis.Continue Reading
Mobile Telecommunications Ltd hosted the second edition of the MTC Women in Tech Conference at Palm Hotel in Windhoek. The conference which ran for two days (19-20 July 2024), is a women-led internal employee initiative with the objective to empower and increase women’s prominence in the tech space. Gender parity,Continue Reading
