Mine and Energy minister, Tom Alweendo has called for responsible use of revenue generated from the country’s diamond resources cognisant that the available diamonds will on day run out. Speaking at Debmarine Namibia’s annual stakeholder engagement, Alweendo highlighted that mining as a major contributor to the Namibian economy, stands atContinue Reading
Trustco Group Holdings (Trustco) has announced that the Johannesburg Stock Exchange (JSE) has lifted the suspension on the trading of Trustco shares, effective immediately. The trading of Trustco shares on its secondary markets in Windhoek (NSX) and New York (OTCQX) has also commenced. This follows the publication of Trustco’s restatedContinue Reading
Namibia Wildlife Resorts (NWR) has announced the appointment of its new Board of Directors which was appointed by the Minister of Finance and Public Enterprise, Ipumbu Shiimi. The new board will be chaired by Ambassador Haroldt /Urib, with Dr. Bianca Tjizumaue serving as the Deputy Chairperson. Other members of theContinue Reading
Chinese battery minerals producer Zhejiang Huayou Cobalt has announced a A$2.5-million (about N$30 million) investment in Australia-listed Askari Metals to advance the exploration of its Uis lithium project, in Namibia. Huayou Cobalt also said on Wednesday it had started trial production of lithium concentrates at its Arcadia mine in Zimbabwe.Continue Reading
The Mediclinic Windhoek is one of the eight Mediclinic hospitals that have received a four-year accreditation award at a recent Board Meeting of the Council for Health Service Accreditation of Southern Africa (Cohsasa). Health facilities that have been accredited by Cohsasa meet extremely rigorous international standards, signifying that patients attendingContinue Reading
Technology metals mining and exploration company, Andrada anticipates completion of its lithium bulk-testing pilot facility in June this year, the London Aim-quoted company said on Monday, March 20, when it provided fourth-quarter and 12 months to February 28 production updates for its Uis tin, lithium and tantalum mine in Namibia.Continue Reading
Government’s prosaic resolve to revive the ailing Namibian economy will be spearheaded by supportive supply-side policies, public enterprise reform, identifying strategies for unlocking e-commerce and the possibility of using low-cost renewable energy from the envisaged hydrogen industry with a cocktail of ideas that seek to reposition Namibia on a growthContinue Reading
According to the most recent Namibian Budget for the fiscal year 2023/2024, the government’s expenditure on vehicle purchases is set to increase significantly from a spend of N$55 million to a spend of N$210 million this financial year. This represents a 282% increase in expenditure on vehicles. “The large growthContinue Reading
The successful Namibia Institute of Corporate Governance (NICG) Conference and AGM held last week has advanced the good corporate governance agenda with key discussions primed at not only shifting mindsets but entrenching ethical and best practices. Held under the theme: Mind shift: real contextualised sustainability for Namibia (Contextualising SDGs, ESGs,Continue Reading
Namibia Breweries Limited’s (NBL) – a subsidiary of the Ohlthaver & List (O&L) Group financial results for the year ended December 2022 show that the company recorded profit after tax (from continuing operations) of N$286 million, up by 10.7% while net revenue is up 21.3% to N$1.8 billion. Essentially, NBLContinue Reading
