By withholding its support for an obscure cooperation pact, the “Samoa Agreement,” Namibia risks losing loans from the European Investment Bank. The European Commission’s plan for a €1 billion green hydrogen and raw materials partnership with Namibia is in jeopardy, after the southern African nation failed to sign a separateContinue Reading
The Namibian Competition Commission (NaCC) has initiated an investigation against various fishing vessel owners and operators, in terms of Section 33(3) of the Competition Act No. 2 of 2003 (the Act), for alleged fixing of quota usage fees that are paid to fishing rights holders. The NaCC received information, onContinue Reading
African technology metals mining company Andrada Mining has renewed its offtake agreements with Thailand Smelting and Refining Co (Thaisarco) and AfriMet Resources for tin concentrate and tantalum concentrate, respectively. The offtake agreement with Thaisarco, for at least 90 t a month of tin produced at Andrada’s Uis mine, in Namibia,Continue Reading
…advices Namibian to take advantage Namibia Wildlife Resorts (NWR) is delighted to announce its highly anticipated Black Friday Specials, tailored for all travellers but priced mostly for Namibians eager to explore the beauty of our country’s diverse landscapes and wildlife. As part of NWR’s commitment to making these experiences accessible,Continue Reading
The Namibia Infrastructure Development and Investment Fund (NIDIF), an infrastructure fund with the mission to develop economic and social infrastructure assets in Namibia and managed by Eos Capital, has invested in acquiring a significant minority stake in the Namibian business of Lightstruck Holdings, a fibre infrastructure company, specialising in openContinue Reading
Monitor Exploration, a privately owned UK-based junior, has struck an N$347 million (US$18.7 million) deal to farm-out a key stake in prospective exploration acreage onshore Namibia where a debut wildcat could be drilled in 2025. The agreement is the latest indication of growing interest in northeast Namibia’s frontier basins where,Continue Reading
Cavendish analyst James McCormack has reiterated a bullish price target for 88 Energy Ltd of 1.1p against a 0.35p publication price. It follows 88 Energy’s first foray into Namibia in a notable expansion of the oil and gas exploration and production company’s footprint. The group signed a deal with MonitorContinue Reading
Namibian beef and lamb can now be exported to the United Arab Emirates (UAE) and Qatar, the Executive Director in the Ministry of Agriculture, Water, and Land Reform (MAWLR), Ndiyakupi Ngituwamata has announced. Ngituwamata earlier today highlighted that MAWLR has secured markets for export-approved abattoirs both in the northern communalContinue Reading
88 Energy Ltd has agreed a farm-in deal with a subsidiary of Monitor Exploration that expands the former’s footprint beyond Alaska’s North Slope and into Namibia. Specifically, it is set to earn up to a 45% non-operated working interest in the onshore Petroleum Exploration Licence 93 (PEL 93), which isContinue Reading
Oryx Properties, the largest property fund in Namibia, has partnered with RMB for the acquisition of Dunes Mall in Walvis Bay, in a landmark transaction worth N$630 million. This strategic deal sees Oryx expand its retail asset portfolio, with RMB providing debt funding of N$500 million to realise the acquisitionContinue Reading
