Namibia has a chance this year to elevate its profile among hotel investors. This week, Namibia hosts the Africa Hospitality Investment Forum for the first time. Hoteliers will gather in the country’s capital of Windhoek at the Mövenpick Hotel Windhoek between June 25-27. For Namibian hoteliers, tourism officials, developers andContinue Reading
SolarSaver, the designated solar provider for fuel retailer Engen, has successfully installed solar PV systems at 150 Engen fuel stations across Botswana, Namibia, and South Africa. These installations, with a total capacity of nearly 6.59 MW, are expected to generate 12.2 million kilowatt-hours of electricity in their first year ofContinue Reading
Following metallurgical column leaching test work for its Norasa Uranium project in Namibia, Forsys says that extensive follow-up test work is planned. The primary areas of focus will include additional column tests aimed at assessing a high-pressure grinding roll crushed product, acid consumption, irrigation rate and leach duration, with theContinue Reading
Tristream Capital, a company that offers alternative financing solutions to mining companies in exchange for royalties on production, is planning to inject N$68 million into the Aukam graphite project in Namibia. According to project owner Gratomic, Tristream will receive a 5% royalty on graphite sales from Aukam. It was revealedContinue Reading
Arcadia Minerals has appointed Eugene Coetzee as project manager to oversee the construction of the Swanson tantalum mine, in Namibia. Coetzee brings more than three decades of hands-on experience in engineering and project management across diverse sectors, including mining and construction, highlighted by roles at notable operations such as DeContinue Reading
A high-ranking representative of the Namibian government recently met with the secretary of the Iran Nanotechnology Innovation Council (INIC), Emad Ahmadvand to discuss avenues to enhance cooperation between the two countries in nanotechnology, Business Express understands. Iran has made nanotechnology its priority in recent years, achieving remarkable success. Nanotechnology researchContinue Reading
Tourism inflows continue their positive trajectory, with the national occupancy rate reaching 60.3% in May 2024, according to statistics released by Simonis Storm. This is the highest rate observed this year and the highest since October 2019, when the occupancy rate was 69.9%. “This milestone for the tourism industry surpassesContinue Reading
The stock of international reserves stood higher at N$55.6 billion as at the 31st of May 2024, up from N$54.3 billion on the 31st of March 2024 supported by higher SACU receipts and customer foreign currency placements. According to the Bank of Namibia, at this level, the international reserves stockContinue Reading
By Nangula Uaandja The world is well aware of the climate finance gap — the gap between the $100 billion currently annually committed by donor countries and the $2.4 trillion needed per year to fund the climate transition. Identifying solutions to mobilize capital is now vital and each part ofContinue Reading
B2Gold Corp. has announced the discovery of an initial Inferred Mineral Resource Estimate of 390,000 ounces of gold at the Springbok Zone, part of the Antelope deposit near their Otjikoto Mine in Namibia. This estimate, derived from extensive drilling and testing, has led the company to begin Preliminary Economic AssessmentContinue Reading
