TotalEnergies is interested in partnering with Petrobras on projects outside of Brazil as the French supermajor expands in Latin America’s most populous nation, Chief Executive Officer Patrick Pouyanne said Monday. Namibia, Suriname and Angola were among the areas Pouyanne mentioned as potential cooperation zones. In Brazil, the offshore Mero projectContinue Reading
Brazil’s Petrobras is expected to seek the entire 40% stake of Namibia’s Mopane oil and gas exploration block put up for sale by Portugal’s Galp, a director at the state-run oil firm said on Monday. To operate the oil field, Petrobras would need the full 40% stake, said Exploration andContinue Reading
Last week, Bank Windhoek’s Chief Treasurer, Claire Hobbs announced the release of the Bank’s third annual Sustainability Bond Impact Report, highlighting ongoing commitment to responsible business practices and environmental stewardship for the 2023-2024 Financial Year. The Bank Windhoek Sustainability Bond was issued based on the Sustainable Bond Framework. The bond’sContinue Reading
For the third consecutive year, Nedbank Namibia, in partnership with media partner Future Media, hosted a successful watch party for local marketers to participate in the streaming of the Nedbank Integrated Marketing Conference (IMC). The event, held on September 19, 2024, brought together over 20 Namibian creatives and marketers atContinue Reading
Minister of Agriculture, Water, and Land Reform, Carl Schlettwein, has detailed the pre-requisites for Namibia’s agricultural sector to thrive and anchor the sector into the value chains map. Addressing delegates at the 25th Bank of Namibia Annual Symposium last week, Schlettwein identified meaningfully recognising agriculture as a national priority andContinue Reading
The African Peace Organisation (APO) is set to organise the 3rd edition of the International African Energy, Oil and Gas (IAEOG) Summit to promote business cooperation, stimulate investment and create jobs among African countries. The summit, which is billed to take place in Namibia and will kick off on 22ndContinue Reading
In August 2024, dealerships remained the primary purchasers of vehicles in Namibia, accounting for a substantial 97% (965 units) of total vehicle sales. “Rental agencies contributed 3% (30 units) of sales, exclusively acquiring Toyota models—specifically 20 Corolla Quest units, 8 Hilux units, and 2 Fortuner units. The preference for ToyotaContinue Reading
Antler Gold Inc. has finalized a definitive agreement with Fortress Asset Management for the Erongo Central Gold Project in Namibia. Under the agreement, Fortress can acquire up to 100% interest in the project for US$5.5 million, with an additional US$6.0 million for exploration expenditures. Antler will retain a 2% netContinue Reading
BW Energy has filed plans to drill multiple exploration wells over the next two years to assess the potential resource upside of its gas-rich acreage in Namibia’s red-hot Orange basin. The Oslo-listed player operates a production licence covering the 1.3 trillion cubic foot Kudu gas field and, in parallel toContinue Reading
Kraatz, a subsidiary of the Ohlthaver & List (O&L) Group, has announced the commencement of its first apprenticeship intake for the year 2024. This intake sees 10 promising young Namibians embark on a 6-month apprenticeship journey, as part of Kraatz’s ongoing commitment to developing skilled professionals and future leaders. TheContinue Reading
