In a country where home ownership remains a distant dream for many, 20Twenty Financial Services is stepping up to change the narrative with a N$5 billion scheme that reduces the cost of owning a house in terms of interest paid to enable more Namibians to be homeowners and to liveContinue Reading
Capricorn Group Limited has increased its stakeholder value created by 15.9% to N$5.1 billion compared to the previous financial year, annual financial results for the year ended 30 June 2024 reveal. Of the total value of N$5.1 billion created, N$1.3 billion is represented by staff remuneration and benefits, N$924 millionContinue Reading
Namibia’s Port of Walvis is taking the next big step since inaugurating its new container facility, revamped at a cost of US$300 million and intended for privately run operational management through Terminal Investment Limited (TiL), a process that has been delayed for more than a year. Private stakeholder involvement atContinue Reading
GreenGo Energy, a global leader in renewable energy and green hydrogen solutions, has announced its strategic expansion into Namibia during the Global African Hydrogen Summit (GaH2S) in Windhoek. This move emphasizes the company’s commitment to advancing the global transition to a NetZero future, leveraging Namibia’s potential to become a hubContinue Reading
Koryx Copper has announced that drill rigs have been mobilized to its Haib Copper project in Namibia for a follow-on drill program that is planned to start later in September 2024. According to the company, approximately 8,200m of diamond core drilling in 36 holes has been planned to test potentialContinue Reading
The Namibia Revenue Agency (NamRA) and the Namibia Investment Promotion and Development Board (NIPDB) signed a Memorandum of Understanding (MoU), marking a significant milestone in their strategic partnership. This collaboration aims to enhance competitiveness and streamline the ease of doing business in Namibia. The MoU focuses on simplifying income taxContinue Reading
ASX-listed Deep Yellow has announced an updated mineral resource estimate for the Tumas 1, 1 East, Tumas 2 and Tumas 3 deposits, at its Tumas project, in Namibia, with measured and indicated mineral resources estimated at 102.1-million pounds of equivalent triuranium octoxide (eU3O8), grading 268 ppm. The mineral resource upgradeContinue Reading
By Heike Scholtz Working at the Development Bank of Namibia (DBN) for more than 13 years has allowed me to see my share of business owners, entrepreneurs, idealists, and dreamers pass through our doors. What they all have in common is drive, determination, and an individualistic streak – an essentialContinue Reading
Namibia’s state-owned power utility NamPower on Monday said it had signed a contract with two Chinese companies to start building the country’s largest solar power plant. Namibia is a net importer of electricity, relying on neighbouring Zambia and SA for power, but the Rosh Pinah solar plant in Karas willContinue Reading
ExxonMobil has withdrawn from the race to buy half of Galp Energia’s stake in a large oil discovery in Namibia that has attracted interest from top energy companies, sources with knowledge of the matter say. More than 12 oil companies including Exxon, Shell and Brazil’s national oil company Petrobras hadContinue Reading
