The National Housing Enterprise (NHE) is poised to host its first-ever Annual General Meeting (AGM) in Windhoek on Friday, 27 September 2024. The Minister of Urban and Rural Development, Erastus Uutoni, and his Finance counterpart, Iipumbu Shiimi, will grace the AGM and jointly receive the 2017–2023 Annual Report on behalfContinue Reading
Elon Musk has met with the President of Namibia to discuss potential investment opportunities in the country, including the potential debut of SpaceX’s Starlink satellite internet. The President of Namibia, Dr. Nangolo Mbumba, shared photos of the meeting on X on Monday, including an apparent demonstration with the Starlink Mini.Continue Reading
Koryx Copper Inc. has strengthened its leadership by appointing a new CFO, Tony da Silva, and a technical management team with a proven track record from Osino’s Twin Hills Gold Project, to expedite the development of the Haib Copper Project in Namibia. This move aims to reposition Koryx as aContinue Reading
The Namibia Youth Energy Forum (NYEF) has announced the appointment of Mutindi Lydia Jacobs to the Advisory Board of the Namibia Youth Energy Forum (NYEF). With over 12 years of experience in law reform and policy development, Mutindi is a dedicated legal researcher currently working with the Directorate Law ReformContinue Reading
The Federation of Namibian Tourism Associations (FENATA) as private sector umbrella organization representing the interests of the registered commercial travel and tourism sector, recently elected a new Executive team with Ally Karaerua appointed as the new Chairperson. In his first address, Karaerua emphasized that, as reflected in the compilation ofContinue Reading
Alpha Petroleum, a Nigerian-based company, has secured a landmark USD$200 million (about N$3.4 billion) diamond mining contract in Namibia. The contract, awarded by NAMDEB—a joint venture between the Namibian government and De Beers Group—marks Alpha Petroleum’s first major contract in the country. Operations are set to begin on October 1,Continue Reading
TotalEnergies is interested in partnering with Petrobras on projects outside of Brazil as the French supermajor expands in Latin America’s most populous nation, Chief Executive Officer Patrick Pouyanne said Monday. Namibia, Suriname and Angola were among the areas Pouyanne mentioned as potential cooperation zones. In Brazil, the offshore Mero projectContinue Reading
Brazil’s Petrobras is expected to seek the entire 40% stake of Namibia’s Mopane oil and gas exploration block put up for sale by Portugal’s Galp, a director at the state-run oil firm said on Monday. To operate the oil field, Petrobras would need the full 40% stake, said Exploration andContinue Reading
Last week, Bank Windhoek’s Chief Treasurer, Claire Hobbs announced the release of the Bank’s third annual Sustainability Bond Impact Report, highlighting ongoing commitment to responsible business practices and environmental stewardship for the 2023-2024 Financial Year. The Bank Windhoek Sustainability Bond was issued based on the Sustainable Bond Framework. The bond’sContinue Reading
For the year ended 30 June 2024, Oryx Properties has continued its positive growth trajectory, providing a total return of 18.64% to unitholders. For the year ended June 2024, the group reported a total comprehensive profit of N$384.8 million, a significant increase from N$190.9 million in 2023. Net property incomeContinue Reading
