Osino Resources has reported the best gold drill intercept in the company’s history at its Ondundu project in Namibia. Hole ONRC23-017 returned 109 metres grading 2.3 grams gold per tonne from 68 metres depth, including higher-grade intervals of 5 metres at 7.81 grams gold from 50 metres depth, and 3Continue Reading
QatarEnergy has signed a Memorandum of Understanding (MoU) with the Ministry of Mines and Energy of the Republic of Namibia to strengthen cooperation in the energy sector. The agreement was signed by Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, and TomContinue Reading
Vehicle sales in March 2023 recorded the highest number of units sold since July 2017, Simonis Storm has revealed in its monthly vehicle sales report. In July 2017, 1,280 units were sold, compared to 1,226 units in March 2023. Vehicle sales were primarily driven by the usual, with passenger andContinue Reading
The Construction Industries Federation of Namibia (CIF) has met with a delegation of the African Development Bank (AfDB) which was in Namibia in view of the preparations for a prospective public tender for the upgrade of the railway line between Kranzberg to Tsumeb. This meeting was an important step inContinue Reading
Twelve Namibian MSMEs will have an opportunity to showcase their products at the upcoming Creative Africa Nexus (CANEX) on the sidelines of the Intra-African Trade Fair (IATF) in Cote d’Ivoire this November following their successful win at the 2023 Technovation Social which took place in Windhoek, on Friday 31 MarchContinue Reading
Simonis Storm has noted in its latest agri report that it sees a decrease in demand for meat products from both abattoirs and consumers leading to lower prices. In the report, the firm highlights that engagements with various stakeholders indicate that sales for basic food items have been declining inContinue Reading
A strong regard for the Environment, Social Society and Governance matters is important for consideration in navigating economic challenges for the long-term prosperity of our country, RMB Chief Executive Officer (CEO) Philip Chapman has said. Chapman was speaking at a recent FNB, RMB 2023/24 National Budget Review event, where keyContinue Reading
Andrada mining’s cash and cash equivalent balance on 28 February 2023 was US$10.3 million (nearly N$200 million) which the company says provides sufficient capital to execute its near-term capital commitments for its lithium pilot facility and tantalum circuit, whilst in the interim the various conditions precedent for the additional financingContinue Reading
Trustco Group Holdings (Trustco) has announced that the Johannesburg Stock Exchange (JSE) has lifted the suspension on the trading of Trustco shares, effective immediately. The trading of Trustco shares on its secondary markets in Windhoek (NSX) and New York (OTCQX) has also commenced. This follows the publication of Trustco’s restatedContinue Reading
…as demand for weaners in South Africa lowers Live Cattle Exports declined by 1 503 heads from the January level of 9 840 to 8337 heads in February, the Meat Board of Namibia has said in its monthly market watch bulletin. On the other hand, export abattoir slaughter increased byContinue Reading
