…. Uaandja makes case for Namibia High-level European and African energy stakeholders united to discuss the potential of Africa’s hydrocarbon and renewable resources to help attain global energy security. As the European Union (EU) restructures its plans for energy security in light of shifting geopolitical realities, the Africa-Europe Roundtable –Continue Reading
Having battled significant challenges that befall the shipping and logistics industry following the outbreak of the Covid-19 pandemic particularly the shortage of vessels, Namport has emerged resilient further cementing its growth potential going forward. Backed by audited financial statements for the year ended the 31st of March 2022 which showcaseContinue Reading
The process of repurposing the Green Schemes by offering their operation and productive utilisation to the private sector operators through a competitive process is expected to promote the production of gains and cereals, potatoes as basic staple food to reach food self-sufficiency, while allowing investors to diversify production into high-valueContinue Reading
Mines and Energy Minister, Tom Alweendo and his Zambian counterpart, Peter Kapala have signed a memorandum of understanding (MoU) to facilitate a private sector led infrastructure development project aimed at building an oil and gas pipeline from the port of Walvis Bay to Zambia. At the signing, Alweendo said ifContinue Reading
The Lofdal heavy rare earth project has the potential to be a “significantly” bigger operation than the previous studies, with Namibia Critical Metals on Monday unveiling the results of a new preliminary economic assessment (PEA). The new PEA works on a larger yearly run-of mine (RoM) and plant throughput ofContinue Reading
In terms of Government Policy, the Namibia Fish Consumption Promotion Trust (NFCPT) and Ministry of Fisheries and Marine Resources want to achieve at least 20.4kg fish consumption per person per year within this financial year, fisheries and marine resources minister, Derek Klazen has said. This translates to about 47,000mt consumedContinue Reading
Having been ravaged by the fishrot scandal, Namibia’s fishing industry continues to perform positively with fish exports between January and July this year having totalled N$6.2 billion, Business Express understands. This is a mild rise in exports when compared to 2021 in which N$6.1 billion worth of fish was exportedContinue Reading
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
