In the first half of 2024, Namibia’s beef export market showcased impressive growth, with total exports reaching 11.0 million kilogrammes, a significant increase compared to the 6.5 million kilogrammes exported in the same period in 2023. According to Simonis Storm, the European Union (EU) emerged as the largest recipient, importingContinue Reading
During July 2024, 671 new Toyota vehicles were sold, accounting for over 50% of total new vehicle sales, a report by Simonis Storm reveals. Of these, 365 were light commercial vehicles, 305 were passenger vehicles, and one was a medium commercial vehicle. Regarding the popularity of Toyota models, the ToyotaContinue Reading
Following Galp’s hydrocarbon discoveries in the Mopane Structure in the offshore Orange Basin earlier this year – estimated to hold at least 10 billion barrels of oil and gas equivalent – Namibia has cemented its reputation as Africa’s premier exploration hotspot. Maggy Shino, Petroleum Commissioner of Namibia’s Ministry of MinesContinue Reading
Trustco Group Holdings Limited today announced the decision to implement a share consolidation, also known as a reverse stock split to international investors, following its recent announcement regarding the upgrade of its American Depositary Receipts (ADR) program. The board of Trustco has approved and recommended to shareholders for approval, theContinue Reading
The Namibia Youth Energy Forum (NYEF), the leading platform dedicated to empowering young Namibians in the energy sector has announced its expansion into Lüderitz. This strategic move marks a significant milestone in its mission to foster a new generation of leaders in Oil & Gas, Hydrogen, and Renewable Energy. FoundedContinue Reading
Starting September 1, 2024, Air Botswana will introduce direct flights to Namibia. This new service aims to improve travel options for passengers flying between Botswana and Namibia. The airline plans to roll out these routes in phases, concluding by November 1, 2024. The flights will operate from three key locations:Continue Reading
Madison Metals Inc. has announced that the Ministry of Mines and Energy of Namibia has granted permission for nuclear fuels extraction to the Company’s active Mining Licence 86A (“ML-86A”), the same licence within Madison West that hosts the past-producing Khan Copper Mine and the recent discovery of high-grade uranium intrusions.Continue Reading
GJEPC held a productive meeting with a delegation from the Namibia Diamond Board to explore potential collaborations and strengthen the diamond industry in both countries. The meeting, held at the GJEPC Head Office in Bharat Diamond Bourse (BDB) on 12th August, focused on addressing challenges faced by the diamond industry,Continue Reading
Gold miner B2Gold has stepped up its hunt for gold at its recently discovered Antelope deposit at the Otjikoto mine, drilling over 36 000 meters into the Springbok Zone to date, with 33 holes totalling 16,950 meters completed in 2024, to establish the 50 x 50 meter spacing that informsContinue Reading
London-listed minnow Tower Resources can breathe a sigh of relief after Namibia’s government, in keeping with tradition, took a flexible view on exploration terms and commitments the company originally made on its enticing acreage in the Walvis basin. This upbeat news — which had no impact on Tower’s share priceContinue Reading
