Mines and Energy Minister Tom Alweendo has castigated naysayers against local value addition of Namibia’s critical metals, who in recent months have constantly said that Namibia’s push for local value addition diminishes its investment attractiveness. At the recently held mining expo and conference, Alweendo said that it was disconcerting toContinue Reading
…as primary sectors are poised for a drop in growth. Growth for diamond mining is projected to turn negative in 2024 on the back of reduced global demand and high base effects from 2023, the Bank of Namibia has said. Following a strong performance in 2023, the central bank saysContinue Reading
The National Petroleum Corporation of Namibia (NAMCOR) and its Board of Directors have announced the termination of the Managing Director, Immanuel Mulunga’s contract of employment, effective immediately. During a meeting held on 8 August 2024, the company said that the Board deliberated extensively on a case of misconduct relating toContinue Reading
Osaat Africa Health Foundation’s Dr. Esperance Luvindao has been selected as a 2024 Echoing Green Fellow. One of 44 Fellows chosen by a Leader in the field of social innovation, Dr. Luvindao will receive an N$1.5 million stipend, as well as leadership development to support OSAAT Africa Health Foundation’s growthContinue Reading
Trustco Group Holdings Limited (Trustco) has announced plans to upgrade its American Depositary Receipts (ADR) program to Level 3, in order to expand its presence in the United States of America (US) capital markets. Trustco’s ADR program began in 2014 as a Level 1 program through Bank of New YorkContinue Reading
The Government of Namibia has granted approval for the construction of a 20 million cubic metre per year desalination plant in the Erongo Region, a crucial step toward addressing the rising water demand driven by increased uranium mining and other industrial development, as well as population growth. This strategic decisionContinue Reading
The inaugural Global African Hydrogen Summit, themed From Ambition To Action: Fuelling Africa’s Green Industrial Revolution, will take place from 3 – 5 September 2024 in Windhoek, Namibia, and will focus on the role Africa expects to play in the global hydrogen economy. A recent report co-authored by McKinsey &Continue Reading
India approved the export of 1,000 metric tonnes of non-basmati white rice to Namibia through National Cooperative Exports Ltd. As of July 20, 2023, exports of non-basmati white rice had been banned to bolster domestic supply. However, the government may grant export permissions to specific countries upon request to helpContinue Reading
De Beers’ operations in Namibia saw an 8% decline in the first half 2024 with the company sating that its overall revenue experienced a 21% decline in the same period. The diamond mining company highlighted in its financial report that a global decrease in diamond demand and increased competition createdContinue Reading
Today, Dr. Esperance Luvindao, in partnership with OSAAT Africa Health Foundation and MENGA Healthcare Technology will unveil MENGA. MENGA is a digital health solution invented by Dr. Luvindao and has been in the works for the past couple of years with the aim of assisting patients throughout African Semi-Rural AreasContinue Reading
