In the fiscal year 2023, Windhoek Country Club Resort overall revenues witnessed a remarkable improvement, surging by an impressive N$ 69.2 million year on year, Dr. Evans Simataa, chairperson of the Board of Directors of the hotel. Simataa said this while handing over a dividend cheque to the amount N$20Continue Reading
Since the rise of Namibia’s green hydrogen agenda, the University of Namibia (UNAM) has inked at least 30 Memorandums of Understanding with national and international institutions on green hydrogen among other efforts to support the Namibia’s push towards a hydrogen driven economy. With activities under these MOUs underway, the NamibiaContinue Reading
Namibia-focused metals and mining company Andrada Mining, which operates the Uis mine, achieved significant growth in the six months ended August 31, driven by a 67% year-in-year increase in tin concentrate production to 758 t, which resulted in a 58% increase in contained tin to 454 t. Consequently, revenue increasedContinue Reading
Frontier Energy Network, the exclusive community for energy leaders worldwide, is set to host a reception for its Sub-Saharan Africa Members in Windhoek. The event will be co-hosted by Frontier Corporate Member, SNC Incorporated, a full-service energy, natural resources, corporate and commercial and dispute resolution law firm with offices inContinue Reading
On a month-on-month basis live exports saw a 27.80% decline from the 13 899 heads exported in September to 10 035 heads exported in October. According to the Meat Board of Namibia, live exports are 36.0% lower than a year ago and 41.94% lower than the 5-year average. “Cattle liveContinue Reading
Household credit extension remains a key driver in the growth of Private Sector Credit Extension, exhibiting a moderate increase of 4.2% y/y in October 2023. According to Simonis Storm, this is an escalation from the 2.8% y/y growth seen in October 2022, albeit a slight decrease from the 4.3% y/yContinue Reading
The commissioning of London-listed technology metals mining company Andrada’s pilot plant, located adjacent to the main tin processing plant at its Uis mine, in Namibia, was completed in October, resulting in the production of 10 t of on-specification saleable lithium concentrate. The production rate is expected to increase to 250Continue Reading
Galp Energia SGPS SA has spudded the Mopane 2X exploration well in petroleum exploration license (PEL) 83 in Namibia’s Orange basin, said partner Custos Energy (Pty) Ltd. in a Nov. 27 release. Mopane is the first of two wells which are scheduled to be drilled by the Hercules semi-submersible rigContinue Reading
Nafasi Water, Manager for New Business, Brendan Petschel has said that Namibia’s coastal regions which hold the key to future prosperity of Namibia is expected to require 36,500 Ml p.a. (megalitres per annum) of water by 2030 for public and private use. This provides an evident challenge as only 12,000Continue Reading
National Housing Enterprise (NHE) recently finalised mapping its strategic road map for the next five years and as a start in the 2023 – 2024 Financial Year, the enterprise has committed to raise enough capital to build over 1400 housing units around the country with a projected investment of overContinue Reading
