The Ministry of Mines and Energy has been nominated for the Reformer and Change-Maker of the Year award at this year’s awards ceremony of the African Energy Week (AEW): Invest in African Energy. Taking place during the event week from November 4-8, the award ceremony recognizes the companies who areContinue Reading
There was a notable change in Namibia’s top economic export destinations in July 2024 with the BRICS countries collectively emerging as the largest destination for Namibia’s exports, with a share of 28.2% of total exports, a Simonis Storm trade report released last week reveals. The Southern African Customs Union (SACU)Continue Reading
Founder & Executive Director of the Namibia Youth Energy Forum (NYEF), Fanuel Shinedima has been awarded the Future Leader of the Year Award at the Global African Hydrogen Summit in Windhoek. NYEF aims to inspire, educate, and provide opportunities for young people to actively participate in the energy sector, drivingContinue Reading
HyIron Oshivela has won the prestigious His Excellency Hage Geingob Award: Namibian Hydrogen Project of the Year at the Global African Hydrogen Summit in Windhoek. Launched in November 2023, the HyIron Oshivela project located in the Erongo region near Arandis, is Africa’s first industrial-scale production of iron with zero emissions,Continue Reading
Kenzoll Capital, a leading private equity firm has acquired the “Adamastor,” an offshore mining vessel in Cape Town, as a first step toward establishing a new operating company in Namibia. The deal is Kenzoll’s first venture in Namibia and is based upon a partnership to mine diamonds in Hottentots BayContinue Reading
By Dino Ballotti Namibia is at a critical point in its journey towards becoming a green industrialised nation. This transition presents a unique opportunity for Small and Medium-sized Enterprises (SMEs) to assume a central role. As we fully embrace renewable energy and sustainable development, SMEs are uniquely positioned to driveContinue Reading
The “Localizing Green Industries in Namibia” study, conducted by Systemiq from December 2023 to May 2024, was officially launched at a side event during the Global African Hydrogen Summit on 03 September 2024, held at the Mercure Hotel. The session aimed to present and discuss the study’s outcomes and recommendationsContinue Reading
Australia-listed Lepidico is exploring options to maximise the value of its Karibib lithium project, in Namibia, and has hired Jefferies International as its financial adviser to guide the process. The company is considering a range of strategic options, including bringing in a minority equity partner, selling the asset, or pursuingContinue Reading
Namibia’s search for oil has yielded 16 oil drill campaigns since 2022, which were dominated by drillships and semi-subrigs operated by different explorers, data produced by Westwood Global Energy Group reveals. Day rates for Namibian rig contracts have risen due to the continued market recovery, averaging US$365,000/day (about N$6.4 million)Continue Reading
NGX Limited has confirmed significant uranium mineralisation at its Namibian Tubusis and Rossingburg projects, following a review of historical exploration data. The company, which recently entered joint venture agreements to acquire these projects, reported promising intercepts of uranium at both sites, with plans to continue desktop modelling and on-ground activitiesContinue Reading
