Development Bank of Namibia (DBN) has signed an agreement to provide N$193 million to finance a new solar power generation plant, near the Kahn substation in the Namib Desert. The plant will feed 20 MW into Nampower’s Kahn substation, from where it will be distributed to households and industrial consumers.Continue Reading
AIM-listed investment company Kazera Global has raised N$20 million, before expenses, through placing 100-million new ordinary shares at a price of 10c apiece with new and existing investors, representing a 5% premium to the closing price on June 4. Kazera invests in South Africa-based diamond and heavy mineral sands projects,Continue Reading
B2Gold’s Otjikoto Mine performed well during the first quarter of 2022, producing 35,061 ounces of gold, 5% (1,803 ounces) above budget, with processed tonnes, grade and recoveries all slightly better than budget, Clive Johnson, President and Chief Executive Officer of the mine has said. He further highlighted that as aContinue Reading
DUBBED the commodity of the month by the Namibia Statistics Agency (NSA), Namibia imported cheese valued at N$14.6 million during the month of March, mostly sourced from South Africa. Over the year, the lowest import value of N$11.0 million was observed during the month of February 2022 while the highestContinue Reading
NAMIBIAN recycling company, NamiGreen, has started to measure CO2 reductions enabled by their recycling efforts, NamiGreen, Per Hansen recently said in a statement. NamiGreen E-waste recycling in Namibia collects and recycles a considerable amount of used and broken electronics (i.e. e-waste) from both companies and households in Namibia. The companyContinue Reading
DUNDEE Precious Metals has said that its Tsumeb smelter has performed below its expectations in the first quarter of 2022, this, attributable to maintenance works at the plant. Announcing its operating and financial results for the first quarter of 2022, the miner said at Tsumeb, while complex concentrate smelted wasContinue Reading
ARCADIA Minerals has doubled the mineral resource estimate (MRE) for its Swanson tantalum project, in Namibia. Arcadia on Friday told shareholders that a revision of the 2021 MRE had delivered a new indicated and inferred resource of 2.59 million tonnes, an increase of 115%, at an average grade of 486Continue Reading
RAND Merchant Bank (RMB), the corporate and investment banking business of FirstRand, yesterday announced that CEO James Formby would hand over the leadership to Emrie Brown, who would start in October. Brown as a female executive takes the role as gender equality in corporate leadership in South Africa is closelyContinue Reading
THIRTEEN Community Conservancies (CCs) in the Kavango-Zambezi (KaZa) landscape in northeast Namibia are currently benefiting from various interventions stemming from the Sustainable Wildlife Management Community Conservancy Project (SWM-CC) under the SWM Programme launched last year. The SWM Programme, in collaboration with the Government of Namibia, through the Ministry of Environment,Continue Reading
WITH Namibia’s burgeoning oil and gas sector set to take the spotlight during the continent’s premier energy event, African Energy Week (AEW) taking place from October 18-21, 2022, in Cape Town – James Mnyupe, Presidential Economic Advisor and Hydrogen Commissioner is set to attend and discuss the intersection of energyContinue Reading
