Having spent slightly above N$3 billion on goods and services for operations in 2021, Rossing Uranium increased this spree in 2022, this time spending N$3.4 billion and cementing its place as not just a major employer in Namibia but also a significant economic contributor to the Erongo region and toContinue Reading
… as initiative curtails grid-based electricity consumption by 10% Namibia Breweries Limited (NBL) recently completed the installation of a new 1.17MW roof-mounted solar plant at its main site in Windhoek as a significant milestone in its commitment towards reducing carbon footprint. The brewer last week highlighted that with this newContinue Reading
The recent visit by Dr. S. Jaishankar, the esteemed External Affairs Minister of India, to Namibia, turned into a significant occasion for the Indian diamond industry. Leaders of premier diamond processing companies, including those from Ankit Gems, had the esteemed honor of engaging in a dialogue with Dr. Jaishankar inContinue Reading
Namibia has banned the export of unprocessed lithium and other critical minerals, the government announced on Thursday, as it seeks to profit from growing global demand for metals used in clean energy technologies. The southern African country has significant deposits of lithium, which is vital for renewable energy storage, asContinue Reading
Capricorn Private Wealth (CPW) achieved a milestone at the eleventh edition of the Global Brand Awards, securing the Best Private Banking Brand accolade in Namibia for 2023. The Global Brand Awards, hosted by Global Brands Magazine (GBM), a renowned international publication headquartered in the UK, is an annual event thatContinue Reading
By Laurencia Prinzonsky We all strive to give our children the best we can, and building generational wealth is one way to help them on their journey to financial wellbeing. Generational wealth means making smart choices with our money in a way that gives the next generation a stronger financialContinue Reading
Proposals from social entrepreneurs poured in for the second phase of the Capricorn Foundation Food Waste Challenge, which concluded on 22 May 2023, with a total of 152 submissions made on the open innovation platform. The proposals were evaluated on pre-defined criteria through expert panels and five finalists were selectedContinue Reading
By Tumelo Thudinyane and Daniella Ferreira The upcoming Bank of Namibia Monetary Policy Committee announcement scheduled for 14 June 2023 will be very significant as it will provide insights into the direction of the country’s monetary policy. The Bank of Namibia’s tone at its previous interest rate announcement was largelyContinue Reading
Rossing Uranium’s spend on local suppliers amounted to N$2.54 billion during 2022, (compared to N$2.25 billion in 2021), accounting for 74% of our total procurement expenditure, its Managing Director, Johan Coetzee has said. “As a major employer and purchaser of goods and services, we make a significant annual contribution toContinue Reading
Namibia is the best jurisdiction in Africa in which to mine, Andrada Mining CEO Anthony Viljoen told the Junior Indaba on Tuesday. The London Aim-listed tin, tantalum and now lithium mining company recalled how it had looked across African jurisdictions when initially pursuing tin-mining opportunities and had found Namibia toContinue Reading
