88 Energy, an Alaska-focused hydrocarbon explorer, issued an activities and trading update for the 6 months ended June 30, 2024. During the period, 88E continued its principal exploration activates in Alaska, complemented by its 75%-owned onshore Texas Permian Basin asset and 20%-owned PEL 93 license in onshore Namibia. At 88E’sContinue Reading
Bank Windhoek has again demonstrated its commitment to exceptional customer service by achieving outstanding results in an independent third party’s annual Customer Satisfaction Survey exercise, which took place in July 2024. The survey revealed an overall satisfaction score and ease of doing business rating of 77%, while brand affinity reachedContinue Reading
By Isaack Veii Global uncertainty has increased over the last 20 years or so, which means more than ever, global events impact investment markets. Whether it be political influence, war, outbreak of a pandemic, disruption in trade or supply of goods, all these factors contribute towards market volatility. What remainsContinue Reading
By Richwell Lukonga Over the years, Namibian agencies have sought to harness the country’s natural resources to enhance economic growth. In this context, the Namibia Industrial Development Agency (NIDA) was established by Parliament through Act 16 of 2016. With a mandate to spearhead industrial, agribusiness, and business infrastructure development, asContinue Reading
Green Enterprise Solutions (Green) has welcomed three new professionals, each bringing years of experience and expertise to enhance service delivery. Clinton Kisting, August Etuhole Ngeno, and Rauna Shilongo join the Green team with a commitment to excellence, ready to contribute to the continued success of the company. Clinton Kisting –Continue Reading
Namibia’s search for oil has yielded 16 oil drill campaigns since 2022, which were dominated by drillships and semi-subrigs operated by different explorers, data produced by Westwood Global Energy Group reveals. Day rates for Namibian rig contracts have risen due to the continued market recovery, averaging US$365,000/day (about N$6.4 million)Continue Reading
NGX Limited has confirmed significant uranium mineralisation at its Namibian Tubusis and Rossingburg projects, following a review of historical exploration data. The company, which recently entered joint venture agreements to acquire these projects, reported promising intercepts of uranium at both sites, with plans to continue desktop modelling and on-ground activitiesContinue Reading
The new Wilderness Desert Rhino Camp is open! The reimagined camp continues to embrace its spectacular Damaraland surrounds, while celebrating its remarkable conservation achievements in helping to safeguard one of the world’s last free-roaming populations of Critically Endangered black rhinos. “After months of careful planning, hard work, passion and grit,Continue Reading
In a strategic move set to reshape its exploration portfolio, Ubique Minerals Limited (CSE; FRA:2UM) has announced the acquisition of a majority stake in Resource 500 V Limited (R500), an Irish company with promising mineral exploration assets in Namibia. This acquisition, finalized through a Share Purchase Agreement (SPA), represents aContinue Reading
During the past five years, the City of Windhoek supplied electricity to about 4,000 households in Windhoek’s informal settlements, City Mayor, Queen Omagano Kamati has said. Speaking at the ordinary council meeting last week, Kamati emphasised that access to energy is essential for promoting both economic and human development “NotContinue Reading
