In one of the largest deals this year, RMB Namibia acted as the trusted advisor for Entrepo Holdings (Pty) Ltd, a government employee lending institution and long-term insurer, and provided a N$900 million debt funding solution. Entrepo, having matured from a start-up to a highly successful business, required a scalableContinue Reading
Chevron Brands International LLC (Chevron), a subsidiary of Chevron Corporation, has entered into a long-term retail trademark licensing agreement with Bachmus Oil and Fuel Supplies (PTY) LTD (Bachmus), marking a return of the Caltex® brand to fuels retailing in Namibia. Chevron has appointed Bachmus as Chevron’s licensee of the CaltexContinue Reading
The Africa Hospitality Investment Forum (AHIF) Conference took place in Windhoek, Namibia, from 25-27 June. Stakeholders in the hospitality and tourism industry, including investors and industry executives, came together under the theme “Inspiring Growth, Powering Investment.” The main topics discussed were about the potential for future developments and investment inContinue Reading
Capricorn Private Wealth (CPW) has announced its sponsorship of N$200,000 towards the 43rd Annual Medical Congress facilitated by the Medical Association of Namibia (MAN). The event will take place at the University of Namibia Hage Geingob Campus from Friday, 12 July to Saturday, 13 July 2024, in Windhoek. Delegates, exhibitors,Continue Reading
Chevron, the U.S. oil major has activated its plan to drill its maiden well in Namibia’s prolific Orange basin after signing a contract with rig owner, Northern Ocean to mobilise one if its semi-submersibles to Namibia late this year for a one-well exploration campaign, Business Express understands Chevron is operatorContinue Reading
PSW Technology is following key customers including Odfjell Drilling and Northern Ocean internationally and has established a strategically important subsidiary in Namibia. Recent deepwater oil discoveries off the Namibian coast, coupled with ambitious drilling plans from international operators, are positioning Namibia as an exploration hotspot. PSW Technology`s establishment is drivenContinue Reading
The month of May saw building plans worth about N$232 million approved in Windhoek and Swakopmund as the construction sector growth for the first time in four quarters. According to Simonis Storm, Windhoek observed an increase in building plan approvals in May 2024 as approvals rose by 7.6% m/m andContinue Reading
Uranium mining company Paladin will continue to use previously mined stockpile ore for production at the Langer Heinrich mine next year, and will restart mining activities in 2026. Having recently completed the restart of the Namibian mine, Paladin on Wednesday announced its 2025 production guidance of 4-million to 4.5-million uraniumContinue Reading
Dual-listed Andrada Mining has executed a legally binding agreement to restructure Uis Tin Mining Company (UTMC), the operational Namibian entity that holds the ML133, ML134 and ML129 mining licences in Namibia, to ensure a more efficient corporate structure going forward. The company is seeking to increase its ownership interest inContinue Reading
Construction experienced modest growth of 3.5% y/y in the first quarter of 2024, following three consecutive quarters of decline, a report released by Simonis Storm reveals. This growth was significantly lower compared to the 26.8% y/y increase seen in the first quarter of 2023. “The NSA attributed this minimal growthContinue Reading
