Aim-listed AfriTin has negotiated a potential funding package to finance the company’s existing operations at the Uis mine, in Namibia, as well as expansion plans for lithium and tantalum by-product development. The proposed funding package is aimed at combining a capital structure and term sheets agreed with two financing institutions,Continue Reading
Namibian offshore oil and gas discoveries by TotalEnergies and Shell are of commercial quantities, likely in the billions of barrels, mines and energy minister, Tom Alweendo said late last week. Both companies announced earlier this year that they had made “significant” discoveries offshore Namibia, and are currently making assessments. TheContinue Reading
The Oryx Properties Board has approved Group’s strategy for the next three years until 2025, with the aim to grow the total asset base inorganically to N$4.5 billion, Ben Jooste, CEO of Oryx Properties has said. Announcing the Group’s annual financial results published on 2 September 2022, Jooste said managementContinue Reading
AfriTin CEO, Anthony Viljoen has said that having previously announced that the terms of their proposed N$100 million lending facility with the Development Bank of Namibia had expired at the end of July 2022; the Company has now extended the terms such that completion is anticipated around the end ofContinue Reading
Ilke Platt, Founder of Poiyah Media has been shortlisted and selected as an Honouree for the 12th edition of the African Achievers Awards (AAA) under the “Emerging Public Relations Practitioner” Award Category. The theme for this year’s ceremony & summit; “Sustainable Development in Africa: through innovation, preservation and green energy”Continue Reading
Aim-listed AfriTin’s performance for the financial year ended February 28 was one of strong operational delivery, which has resulted in the company considerably increasing production from the Uis mine, in Namibia, and generating its first group-wide profit, CEO Anthony Viljoen says. “Our production at Uis has exceeded nameplate capacity byContinue Reading
Approximately 105 vendors and exhibitors will participate in the first Windhoek Market, the City of Windhoek has said. This includes 23 food vendors; 11 arts and crafts exhibitors; eight confectionary traders; eight non-alcoholic sellers; five fresh, farm product vendors; five second-hand item traders; and 42 so-called mix-variety traders (trading inContinue Reading
By Ace Mutelo Namibia shares a 3 200 tonnes quota for the export of beef to Norway with Botswana which is administered under two different quota-schemes. The generalized system of preferences (GSP) quota of 2 700 tonnes is allocated to importers from Namibia or Botswana on a first-come, first-served (FCFS)Continue Reading
The new Brazilian Ambassador to Namibia, Vivian Loss Sanmartin paid a courtesy call to Namport last Friday as a result of her roadmap focusing on maritime, agricultural and industrial cooperation between Namibia and Brazil. The visit was also to further strengthen the strategic partnership between the two countries and theirContinue Reading
Namfisa Deputy CEO: Prudential Supervision, Erna Motinga has said that the regulatory body is moving towards finalising the Fintech regulatory sandbox that would drive financial inclusion and innovation while at the same time, helping to mitigate some of the risks emerging in the financial space. Motinga, who was speaking atContinue Reading
