The month of May saw building plans worth about N$232 million approved in Windhoek and Swakopmund as the construction sector growth for the first time in four quarters. According to Simonis Storm, Windhoek observed an increase in building plan approvals in May 2024 as approvals rose by 7.6% m/m andContinue Reading
Uranium mining company Paladin will continue to use previously mined stockpile ore for production at the Langer Heinrich mine next year, and will restart mining activities in 2026. Having recently completed the restart of the Namibian mine, Paladin on Wednesday announced its 2025 production guidance of 4-million to 4.5-million uraniumContinue Reading
Dual-listed Andrada Mining has executed a legally binding agreement to restructure Uis Tin Mining Company (UTMC), the operational Namibian entity that holds the ML133, ML134 and ML129 mining licences in Namibia, to ensure a more efficient corporate structure going forward. The company is seeking to increase its ownership interest inContinue Reading
Construction experienced modest growth of 3.5% y/y in the first quarter of 2024, following three consecutive quarters of decline, a report released by Simonis Storm reveals. This growth was significantly lower compared to the 26.8% y/y increase seen in the first quarter of 2023. “The NSA attributed this minimal growthContinue Reading
Eos Capital has partnered with Africa Venture Partner Projects (AVPP) and Oyeno Poultry Industries (Oyeno Poultry) to invest in Kadila Poultry Farming (Kadila Poultry) through its Euphrates Agri Fund (Euphrates), the only private equity agriculture fund in Namibia. Kadila Poultry will construct a 6-house broiler farm between Windhoek and OkahandjaContinue Reading
Uranium exploration company Madison Metals has completed its maiden reverse circulation (RC) drill programme of 997 m over nine holes at its Khan uranium project at Madison West, located in Namibia’s Central Erongo uranium province. Drilling has confirmed high-grade uranium deposits. The company reported on June 25 that uranium mineralisationContinue Reading
The 2024 Old Mutual Sustainable, Economic and Empowerment Drive (OM SEED) initiative is celebrating entrepreneurial brilliance in the Ohangwena Region. This year’s competition has uncovered innovative businesses and exceptional talent, awarding three standout entrepreneurs who are set to make a lasting impact in their communities. Leading the winners and securingContinue Reading
MTC Namibia and the Municipality of Omaruru have signed a Memorandum of Understanding (MoU) – a strategic agreement that will see the two institutions harness synergies in the development of an integrated digital innovation agenda. The MoU identifies and assess areas of common interest and designs socio-economic smart solutions, whileContinue Reading
Capricorn Group employees, in their role as Changemakers, demonstrated their commitment to making a positive impact in the community when they hosted a winter warmer event for vulnerable pensioners from Katutura Old Age Home and the Khomasdal Old Age Home. Changemakers donated winter items like knee blankets, socks, gloves, beanies,Continue Reading
Trustco Group Holdings Limited has announced today that it has entered into an agreement to repurchase a significant block of publicly traded shares on the Johannesburg stock exchange from the University of Notre Dame du Lac (Notre Dame), for USD5 million in cash. The transaction also allows Trustco to increaseContinue Reading
