Completed projects for the month of October for both Windhoek and Swakopmund reached 180, making it the year’s second-highest monthly total and signifying an 89.5% y/y increase from the same month last year, a latest building statistics report released by Simonis Storm reveals. Subsequently, in October 2023, Windhoek and SwakopmundContinue Reading
Namibia Critical Metals Inc. (NCM) last week announced it intends to complete a non-brokered private placement in the amount of up to CDN500,000 (about N$6.8 billion) consisting of units offered at a price of CDN0.06 per unit representing a 7.7% discount to the closing price of the common shares ofContinue Reading
Namibia is a land of surreal beauty. It’s a destination that beckons intrepid travelers from around the world. With diverse landscapes, from the red dunes of the Namib Desert to the rugged Skeleton Coast, this southwestern African country is a haven for nature enthusiasts and adventure seekers. Among the manyContinue Reading
The High Court has granted judgement in the case between Oryx Properties Limited, the owner of Baines Shopping Centre and Fama Sisters Investments CC trading as Eagles Pizza. In this judgement, immediate eviction of Eagles Pizza from Baines Shopping Centre was ordered, as well as the payment to Oryx PropertiesContinue Reading
Portuguese energy player Galp Energia has begun drilling an exploration well at the offshore PEL 83 block in Namibia. The Mopane-1X well is being drilled by the Hercules semi-submersible rig. In May 2023, Galp Energia signed a contract with Bermuda-based vessel and chartering company SFL Corporation for the use ofContinue Reading
Wilson Tjirare, Godfried Zemburuka and Frenfriedt Karipata were recently announced as the top three champions of the Agra 2023 Weaner Championship Series National Winners – Communal Towns. The trio participated in the final Weaner Championship Series event for the Communal towns in Gobabis, hosted by Agra Auctions. The communal townsContinue Reading
Canada-based junior exploration company Gratomic Inc says it anticipates requiring capital expenditure of N$62 million in its bid to increase the output of its Aukam Graphite facility in Namibia to 12,000 tonnes (57% increase )by November 2024 from its current kick off level of 7,600 tonnes. Since commencing its CommercialContinue Reading
As part of its commitment to the economy of Namibia, Osino which has a policy to buy, where possible, from local companies spent C$9.5 million (N$124 million) on procurement with Namibian suppliers in 2022, of which 26%, C$2.4 million (N$32 million), was spent on suppliers located within 75 km ofContinue Reading
By withholding its support for an obscure cooperation pact, the “Samoa Agreement,” Namibia risks losing loans from the European Investment Bank. The European Commission’s plan for a €1 billion green hydrogen and raw materials partnership with Namibia is in jeopardy, after the southern African nation failed to sign a separateContinue Reading
The Namibian Competition Commission (NaCC) has initiated an investigation against various fishing vessel owners and operators, in terms of Section 33(3) of the Competition Act No. 2 of 2003 (the Act), for alleged fixing of quota usage fees that are paid to fishing rights holders. The NaCC received information, onContinue Reading
