QatarEnergy has entered into an agreement with TotalEnergies to acquire additional offshore exploration interests in the Orange Basin off the coast of Namibia, it said on Sunday. The deal includes a 5.25% increase in QatarEnergy’s stake in block 2913B and a 4.695% increase in block 2912, QatarEnergy said in aContinue Reading
Infinity Oilfield Services, an Aberdeen based company established in 2002, has expanded its service capabilities and offering to the nascent Energy boom that is Namibia. With Shell, TotalEnergies, Chevron, Schlumberger, Halliburton and others investing billions in the country including plans for solar, hydrogen, hydro and conventional oil and gas, NamibiaContinue Reading
Zesco Limited has commenced preventive maintenance works on the Zambia-Namibia interconnection line to allow for the smooth importation of power. The works are being conducted on a 231 Kilometer power line stretch from Livingstone to Sesheke District. Zesco South Chief Engineer for Transmission, Tory Kiprios says works on the powerContinue Reading
Toyota maintained its dominant position in the Namibian vehicle market during the month of October, with 619 new vehicles sold. This accounted for over 54% of total vehicle sales and included 361 light commercial vehicles, 256 passenger vehicles, and two medium commercial vehicles. According to Simonis Storm, the Toyota HiluxContinue Reading
Canada’s oil and gas company Africa Oil Corp. has boosted its ownership interest in Impact Oil & Gas, an Africa-focused exploration player with hydrocarbon exploration and appraisal assets in the Orange Basin off the coast of Namibia. This enables the Canadian firm to get a larger stake in a blockContinue Reading
Green Enterprise Solutions (Green), a premier ICT service provider in Namibia, will be a certified Dahua Systems Integrator Partner by the end of this year. This strategic partnership enables Green to offer cutting-edge Dahua Artificial Intelligence of Things (AIoT) and surveillance equipment to meet the diverse security needs of itsContinue Reading
By Absalom Uushona The future of quantitative investing is going to be shaped by Artificial Intelligence. Quantitative investment strategies can identify better opportunities and leverage into those using mathematical models with the use of sophisticated algorithms. Quantitative investing applies a mathematical model and algorithms to determine investment opportunities. About halfContinue Reading
Old Mutual Namibia has announced a revolutionary partnership with MTC whereby members of the Old Mutual Rewards programme will be able to redeem their Rewards points for airtime. This is a significant step in Old Mutual Namibia’s drive to add value and convenience to their Rewards membership by integrating day-to-dayContinue Reading
Anchored by the telecommunications giant MTC, the Institute of People’s Management (IPM) Conference hosted its 14th edition under the theme, “Namibia Decides – Managing Hopes and Fears.” The two-day conference, highly popular among Human Resource practitioners in Namibia was held in Windhoek on the 18th to 19th November 2024 andContinue Reading
Switzerland-based Blue Earth Capital provided N$198 million (about US$11 million) in debt to Rhino Park, a private hospital in Windhoek. This is the first African health investment by Blue Earth’s private credit team, Business Express understands. “Our private credit strategies finance growing businesses that have an intentional footprint in impact,Continue Reading
