It has been a resilient past seven years for National Housing Enterprise (NHE), but Board Chairperson Toska Sem has revealed the Enterprise’s ambitious plan to bridge the Namibian housing gap by delivering 1500 houses each year. This plan, which would signify a new birth, anchors the enterprises’ 2024–2029 Integrated StrategicContinue Reading
Star Minerals is set to kick off drilling at its Cobra uranium project in Namibia which will comprise the first step of its staged earn-in to the project, estimated to contain 9 million pounds of uranium oxide. Star’s assessment of the project, which sits in the country’s highly-prospective Erongo regionContinue Reading
Noronex has unleashed its reverse-circulation (RC) rig on a 5000m drilling program to test several parallel mineralised shear zones in its hunt for giant copper deposits at its Fiesta project in Namibia. The program is designed to pursue new concepts evolved from the company’s review of historical drilling that revealsContinue Reading
Sintana Energy Inc CEO Robert Bose was recently interviews about the company’s upcoming high-impact drilling campaigns. Bose highlighted that operator Galp will kick off a four-well program targeting the Mopane complex, following earlier discoveries. The campaign, which will involve both exploration and appraisal drilling, is scheduled to begin in November.Continue Reading
Brian Reinsborough, President and CEO of Reconnaissance Energy Africa Ltd. (ReconAfrica) has said that plan to be drilling the Naingopo exploration well on PEL 73 onshore Namibia through October before reaching total depth and will disclose well results after thorough analysis of the logs and any obtained fluids. Reinsborough lastContinue Reading
Namibia’s net foreign direct investment (FDI) inflows declined during the second quarter of 2024, largely driven by base effects, intercompany loan repayments and a slowdown in the appraisal drilling campaigns. Namibia’s net direct investment inflows declined by N$7.2 billion and N$3.9 billion on a yearly and quarterly basis, respectively, toContinue Reading
The second quarter has witnessed proceeds from Namibia’s diamonds exports increase significantly by N$2.0 billion, reflecting a significant increase in the volume exported relative to a typically slower first quarter Despite this however, the Bank of Namibia notes that on a yearly basis, proceeds from rough diamonds declined marginally “DiamondContinue Reading
Total debt stock among households increased by N$125.94 million month-on-month and by N$1.3 billion year-on-year in August 2024, although overall growth remains subdued, a report by Simonis Storm reveals The research experts further note in the report that mortgage loans declined by 1.1% y/y, reversing the 3.1% y/y growth observedContinue Reading
MTC Maris is a mobile phone-based money transfer and payments service of Windhoek General Administrator (WGA), a subsidiary of Mobile Telecommunications Company (MTC), the largest network operator and digital service solutions provider network operator in Namibia. MTC Maris, (move with your money) allows users to deposit, withdraw, transfer money, payContinue Reading
The Namibia Youth Energy Forum (NYEF) has announced a new partnership with Dutch Project Quality Consulting Services (DPQ) to sponsor the establishment of operations and projects in Lüderitz. This collaboration aims to empower, educate, and upskill young people in Lüderitz, enabling them to actively participate in shaping Namibia’s energy landscape,Continue Reading
