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
Namibia Berries, an export production blueberry project on the outskirts of Divundu village is planning to develop a 250ha blueberry farm, employing nearly 800 people and also creating 7000 jobs during the harvest seasons. This is a N$1.5 billion investment to be implemented over 7 years, with an ambition toContinue Reading
By Maria Immanuel One of the principles of the African Continental Free Trade Area (AfCFTA) is the ‘preservation of the acquis’ which provides that the Regional Economic Communities’ Free Trade Areas (REC FTAs) are the building blocks for the AfCFTA. In the case of Namibia, the role of the SACUContinue Reading
Maggy Shino, Petroleum Commissioner at Namibia’s Ministry of Mines and Energy, will return to the Angola Oil & Gas (AOG) conference and exhibition as a speaker. Taking place from September 13-14 in Luanda, AOG provides a platform where Namibia and Angola can strengthen bilateral cooperation in the field of energy.Continue Reading
Nedbank Namibia, a pioneer in innovative financial solutions, has unveiled its latest milestone with the successful launch of Avo SuperShop on Tuesday, August 15th, 2023. This cutting-edge platform, a first of its kind in Namibia, marks a significant leap forward in the realm of digital commerce, offering a transformative platformContinue Reading
A new entrepreneurial star has risen in Namibia’s Kavango East region through the Old Mutual Sustainable, Economic & Empowerment Drive (OM SEED) initiative. Old Mutual Namibia, in collaboration with the United Nations Development Programme (UNDP) Accelerator Lab, is proud to announce Ladislaus Shikerete of Wapa-Nawa Recycling Centre as the victoriousContinue Reading
The Orange Basin, offshore Namibia, is currently one of the hottest oil and gas exploration districts anywhere in the world. Several majors are set to spend significant amounts over the coming months and years, but there’s also a more junior company getting in on the action too. Shares in SintanaContinue Reading
Deep-South Resources has announced that it has appointed the MSA Group of South Africa to produce an updated National Instrument (“NI”) 43-101 Mineral Resource Estimate for the Company’s 100%-owned advanced Haib copper project located in the south of Namibia. The mandate of MSA was interrupted when the Ministry of MinesContinue Reading
Mining Global, Inc. has announced that it has accepted the agreement to merge with an African mining mine. The merger is set to be completed within the next thirty days. The mine is in Namibia. A supplemental disclosure was filed with OTC Markets providing a Birdseye view of the mergerContinue Reading
