The Governor of the Bank of Namibia, Johannes !Gawaxab, took centre stage today at Bloomberg’s flagship event in Namibia titled “Namibia in Focus” to underscore Namibia’s commitment to showcasing its vast potential as a prime investment destination. In his keynote address, Governor !Gawaxab provided a comprehensive analysis of Namibia’s economicContinue Reading
African technology metals mining company Andrada Mining is in the process of requesting the drawdown of a N$100-million, or about $5.8-million, facility from the Development Bank of Namibia (DBN). This follows DBN’s confirmation that all conditions have been fulfilled or waived and that financial close has occurred. Andrada expects theContinue Reading
The High Commissioner of the southern African nation to India, Gabriel Sinimbo, said on Saturday that the deaths of several cheetahs brought under Project Cheetah to Madhya Pradesh are happening due to the introduction of animals to a new environment. The High Commissioner further stressed that the felines will beContinue Reading
Osino Resources Corp. has reported the completion of the phase 1 earn-in on its majority-owned Omaruru Lithium Project in Namibia by Prospect Resources Limited and announced that Prospect will proceed with the phase 2 earn-in. Osino entered into an Earn-In and Shareholder Agreement with Prospect in Q4 2022 whereby ProspectContinue Reading
Estonian Centre for International Development (ESTDEV) recently unveiled 11 projects in Africa that have been awarded funding, of which six take place in Namibia and three in collaboration with the Namibia Investment Promotion and Development Board (NIPDB). As one of the priority areas of development cooperation between Estonia and NamibiaContinue Reading
Following a survey instituted into Namibia’s tourism sector, research experts Simonis Storm has said that despite the survey showing a contribution of about 4% to nominal GDP, they believe the true contribution to be in the region of 15% to 18% of the Namibian economy. Of the eight associations inContinue Reading
The Development Bank of Namibian (DBN) and KfW Development Bank have signed the second concessional loan of around N$600 million (translating to €30 million) to be used for development of climate-related infrastructure, such as renewable energy, water and low-carbon transport projects. Financing mitigation and adaptation to climate change Climate-appropriate financingContinue Reading
….”its time you start to earn your license to operate” Mines and energy minister, Tom Alweendo has warned investors in the Namibian mining sector that are yet to earn their license to operate. According to him, these are the ones who have failed to create a mutually beneficial relationship withContinue Reading
Aim-listed tin and lithium developer Andrada Mining has confirmed the existence of continuous mineralisation at surface over a 6 km strike length at the ML133 mining licence area, or Lithium Ridge, located 35 km southeast of its Uis tin mine, in Namibia. The exploration programme on the licence area, whichContinue Reading
By Ndangi Katoma Funeral insurance is a financial product designed to ease the burden of funeral costs for individuals and their families. Despite its practical benefits, there are numerous myths and misconceptions that surround funeral insurance. These misunderstandings can deter people from considering this valuable option. In this article, weContinue Reading
