Mines and Energy Minister, Tom Alweendo as well as the National Petroleum Corporation of Namibia (NAMCOR) both won awards at the 28th edition of the Big Five Board Awards 2024 of the Africa Energies Summit. These are the longest running African-focused energy awards, and this year’s Big Five finalists wereContinue Reading
Namibia Wildlife Resorts (NWR) has announced a historic N$46 million profit and a clean audit report for two consecutive years, a testament to its unwavering commitment to effective governance and statutory compliance. In a highly competitive environment, the company produced solid financial performance in 2023. Revenue increased by 32%, fromContinue Reading
This week, Bank Windhoek’s Head of Small and Medium-sized Enterprises (SME), Financial and Data Analytics, Bianca Janse Van Vuuren, announced that the Bank has fully utilised the N$ 200 million allocated under the Small and Medium-sized Enterprises (SME) Economic Recovery Loan Scheme, of this amount N$ 192 million is alreadyContinue Reading
The West African Energy Summit has announced that Maggy Shino, Petroleum Commissioner of Namibia, will be presenting never-before-seen insights on the Luderitz Basin at this year’s inaugural event. The session will be hosted by the Petroleum Commission of Namibia and their leadership including Ms. Maggy Shino. The Petroleum Commissioners presentationContinue Reading
In April 2024, light commercial vehicles (LCVs) dominated with 433 units sold, indicating robust business and trade activities while passenger vehicles follow closely with 411 units, a report released by Simonis Storm reveals. In this same month, vehicle sales in Namibia fell to 899 units, down from 1,451 units inContinue Reading
Paratus Namibia Holdings Limited (PNH), a leading telecommunications company in Namibia, has successfully raised over N$600-million through its recent Rights Issue and investment drive, which was fully subscribed. This significant capital infusion has effectively doubled the company’s market capital on the Namibia Stock Exchange News (NSX). The raised capital hasContinue Reading
The rate of suspected Digital Fraud attempts in retail where the consumer was in Namibia when transacting was the highest among industries analyzed in 2023 at 3.4%. However, that rate decreased 21% year-over-year (YoY). When it came to the industries with the greatest increase in the rate of suspected DigitalContinue Reading
…Luderitz based company vying for N$923 million grand prize Kelp Blue, an innovative seaweed company that seeks to restore marine biodiversity and promote carbon sequestration to support a healthier ocean ecosystem, has been named as one of 20 finalists by the XPRIZE Carbon Removal Competition. The XPRIZE is a four-yearContinue Reading
88 Energy Ltd told investors a contractor had been hired for a 2D seismic acquisition program in onshore Namibia. Polaris Natural Resources Development was awarded the contract, for a programme that’s scheduled to start in mid-2024. It will acquire a minimum of 200 kilometres of seismic data. AIM-quoted 88 EnergyContinue Reading
SNC Incorporated has announced its participation in the highly anticipated Africa Energies Summit 2024, set to take place in London, United Kingdom from May 14th to 16th, 2024. As a leading exhibitor at this year’s event, the firm is eager to showcase its expertise to a global audience comprising industryContinue Reading
