Namibia’s energy sector is on the brink of a significant transformation, thanks to the discovery of substantial oil and gas reserves, ambitious renewable and green hydrogen projects, and the government’s proactive approach to attracting new investment. ExxonMobil is one of the companies making progress in unlocking the full potential ofContinue Reading
TSX-V-listed Deep-South Resources has announced a private placement of 30-million units at a price of C$0.065 apiece, for gross proceeds of up to C$2-million (about N$27 million). Each unit will be comprised of one common Deep-South share and one-half of one common share purchase warrant. In turn, each warrant entitlesContinue Reading
Trigon Metals has announced the production of its first copper concentrate. On Friday, August 18, 2023, the Company produced its first sale-ready dried copper concentrate for sale at the mill which has a capacity of 1,000 tonnes per day on Monday, August 21, 2023, the first full day of concentrateContinue Reading
The first edition of the Techstars Startup Weekend took place at the Nedbank Campus building in the capital between 17 to 19 August. The event, which saw 28 aspiring participants, is aimed at equipping and upskilling new to early-stage entrepreneurs on how to create, develop and grow a startup businessContinue Reading
Significant offshore oil and gas discoveries and growing exploration could massively boost Namibia’s economy. Energy law expert Shakwa Nyambe spoke about the necessary legal reforms and the need for transparency and accountability. With Namibia’s energy sector and its overall economy on the cusp of unprecedented transformation given massive offshore oilContinue Reading
Trigon Metals Inc. has announced that it has placed an order with Epiroc South Africa (Pty) Ltd to purchase underground mining equipment to the value of USD$8,933,261 (N$170 million). This equipment will comprise the majority of the underground mining fleet for the restart of mining from the Asis West shaftContinue Reading
Namibia’s Mwanyengwa Ndapewoshali Shapwanale is the Director: Communications and Stakeholders Relations at ReconEnergy Namibia has been named in the African Energy Chamber’s 25 under 40 women leaders transforming the African energy landscape. The African energy sector serves as a catalyst for global development, and in this dynamic industry that powersContinue Reading
Following oil and gas discoveries in Namibia’s orange basin, the Namibian Ports Authority (Namport) has revealed massive plans for expansion of the Ports of Walvis Bay and Luderitz which will be predominantly driven by partnering with the private sector. Affirming this, Chief Executive Officer, Andew Kanime last week highlighted thatContinue Reading
Few other commodities have shaped our world and advanced civilisation as profoundly as oil and gas. Oil alone powers a third of the world’s energy production far more than any other commodity making it the lifeblood of the global economy. In the last 18 months, 2 light crude oil discoveriesContinue Reading
Bank Windhoek’s Chief Treasurer, Claire Hobbs, said that foreign exchange markets facilitate international trade, payments, financial transactions, and investments. She made this statement in Windhoek, when she reminded clients about the Bank’s Onshore Foreign Currency (OFC) and Customer Foreign Currency (CFC) Accounts. Hobbs explained that these multi-currency borderless accounts allowContinue Reading
