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
Canadian oil and gas company Africa Oil Corp. has set the wheels in motion to expand 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. Thanks to a call and put optionContinue Reading
GCR Ratings (GCR) has upgraded the Namibian national scale long-term issuer ratings for Letshego Holdings Namibia, Letshego Bank Namibia, and Letshego Micro Financial Services Namibia to A+(NA) from A(NA). The short-term issuer ratings of A1(NA) have been affirmed, and the outlook has been revised to Stable. Karl-Stefan Altmann, Chief FinancialContinue Reading
The Environmental Investment Fund of Namibia (EIF) and Northern Regional Electricity Distributor (NORED), in collaboration with the Ministry of Mines and Energy (MME), have announced the signing of a Memorandum of Agreement (MOA) under the Towards an Inclusive Design of the Renewable Energy Transition (TIDRET) project. This significant event marksContinue Reading
Noronex has launched a big gravity survey over its Humpback-Damara project in Namibia to firm up drill targets at the basement contact similar to those associated with Central African Copper Belt (CACB) deposits. The company has today confirmed it is looking at some 5000 gravity stations for the program thatContinue Reading
Seven elephants from a Namibian sanctuary are settling into their new home in Cuatir Nature Reserve in southeastern Angola, the first of many that will make the trip. The elephants were relocated from Mount Etjo Safari Lodge in the Okanjati Game Sanctuary due to concern from conservationists that the areaContinue Reading
The Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010 and its astonishing success in resetting oil and gas industry spending and in-country capacity development was the pivot of a presentation by the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Felix Omatsola Ogbe, an engineer,Continue Reading
In response to the recent decrease in prime lending rates, Letshego Bank Namibia and Letshego Micro Financial Services Namibia, subsidiaries of Letshego Holdings Namibia, have announced a reduction in their lending rates. The new rates will take effect from 22 August 2024. Letshego Bank Letshego Micro Financial Services NamibiaContinue Reading
Namibia Breweries Limited (NBL) has unveiled its N$337-million wine packaging line, a significant milestone in the company’s ongoing commitment to innovation and growth. The new facility was officially inaugurated by President Dr Nangolo Mbumba at NBL Head Office in Windhoek today. In a strategic move to expand production capacity andContinue Reading
From the first sizzle to the final flourish, the 10th-anniversary edition of the Kapana Cook-off has been a vibrant celebration of flavour and flair. This culinary extravaganza will culminate in a spectacular finale on 24 August at the Ongwediva Annual Trade Fair.’ On 24 August, the Ongwediva Annual Trade FairContinue Reading
