The Namibian Agronomic Board (NAB) has encouraged local farmers to boost potato cultivation in a bid to mitigate Namibia’s staggering N$138 million annual import bill for potatoes. This initiative aims not only to enhance self-sufficiency but also to alleviate the strain on the national economy caused by significant potato imports.Continue Reading
Development company African Pioneer has been notified that the exclusive prospecting licence (EPL) 5772, 40 km northeast of Windhoek, Namibia, has been renewed for two years. The licence contains African Pioneer’s 85%-owned Ongombo copper and gold project. In addition, the company revealed on February 7 that the environmental- and social-impactContinue Reading
E-Tech Resources Inc. has provided an update on the 2023 exploration activities on its 100%-owned Eureka project on Exclusive Prospecting License (EPL) 6762 in Namibia highlighting that the new data obtained from the late 2023 exploration program indicates that there is likely to be a multifold repeatability of the knownContinue Reading
According to the Namibia Statistics Agency (NSA), petroleum oils contributed the most to the trade deficit observed in December 2023, with an import bill totalling N$3.0 billion. This was followed by fertilizers, which accounted for a deficit of N$444 million, and motor vehicles for the transportation of goods, with aContinue Reading
French supermajor, TotalEnergies has made another oil discovery offshore Namibia, although it is too early to say if the find is commercial. The ultra-deepwater exploration probe, said well-watchers, was also drilled deeper to intercept a northern extension of the supermajor’s huge Venus discovery. Three sources indicated to Upstream that theContinue Reading
…drillship current operating in Namibia TotalEnergies and Vantage Drilling International have signed a binding agreement to create a new joint venture (JV) that will acquire from Vantage the Tungsten Explorer drillship. Pursuant to the terms of the agreement, TotalEnergies will pay N$3.7 billion million for a 75% interest in theContinue Reading
During December 2023, Namibia exported Beer valued at N$98.1 million which was mostly destined to South Africa, Angola and Zambia. Over the entire period (December 2022 to December 2023), the value of Beer exported averaged N$62.6 million with the largest value of N$119.2 million recorded in December 2022 and theContinue Reading
TransNamib is embroiled in a legal battle with its tenant, Intercape over unpaid rentals allegedly amounting to at least N$1.5 million, Business Express understands. Despite Intercape having settled some of the arrears which have engulfed a dispute in which TransNamib also wants Intercape evicted from its premises at No 19.Continue Reading
Insights garnered from research conducted by Simonis Storm reveals that uranium prices will play a pivotal role in catalyzing mining activities within Namibia from 2024 onwards. Simonis Storm makes these revelations in its latest economic outlook report for 2023 in which it highlights that this anticipated upsurge in uranium miningContinue Reading
The Baby Expo and Early Childhood Development (ECD) Fair is set to captivate Windhoek once again, as it gears up for its second edition on the 2nd and 3rd of March 2024. This much-anticipated event will be bringing together industry leaders, parents, and caregivers under one roof to explore theContinue Reading
