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
TotalEnergies will be targeting a billion-barrel resource with its next deepwater well offshore Namibia, according to chief executive Patrick Pouyanne. The Tamboti-1X probe is due to spud shortly in the northeast of Block 2913B which hosts the supermajor’s huge Venus discovery. Fresh from completing what is thought to have beenContinue Reading
Namibia has achieved another milestone in medical innovation with the successful completion of the country’s first-ever hair transplant surgery. The pioneering procedure was carried out at Aesthetics Centre Olympia (ACO), part of the Emoneko Group, on 26 September 2024, marking a new chapter in Namibia’s healthcare journey. A skilled teamContinue Reading
The National Petroleum Corporation of Namibia, NAMCOR, has announced the signing of a memorandum of understanding (MOU) with global energy technology company SLB. This agreement marks a significant milestone in strengthening the collaboration between NAMCOR and SLB, aligning both entities towards mutual goals in the energy sector, including sustainability, decarbonization,Continue Reading
…Air Connect welcomes the move South African Airways (SAA) will commence a third daily frequency connecting Windhoek to Johannesburg from 27 October 2024. In this view, Air Connect Namibia says it welcomes the announcement of an additional third daily frequency between Johannesburg and Windhoek to enhance travel options for travellersContinue Reading
…approaches NamPower to increase electricity supply Andrada Mining is navigating significant electricity supply challenges at its Uis Mine, prompting the company to approach Namibia Power Corporation (NamPower) for an increase in electricity supply. Currently, the combined electricity demand of Uis Mine and surrounding residential areas is met by an existingContinue Reading
India is reportedly in talks with countries in Africa and South America including Namibia and Rwanda to help them build a digital payments system using its homegrown Unified Payments Interface (UPI). The National Payments Corporation of India (NPCI), through its international arm, NPCI International Payments Ltd (NIPL), aims to facilitateContinue Reading
Employer representatives, including the Namibia Employers’ Federation (NEF); the Namibian Local Businesses Association (NALOBA), as well as the labour unions National Union of Namibian Workers (NUNW) and the Trade Union Congress of Namibia (TUCNA), have raised concern over General Notice (09/2024) that was issued alongside the gazetting of the NamibianContinue Reading
As October approaches, bringing both the month of savings and the anticipated 2024 tax relief, Namibian households are set to enjoy much-needed financial relief. This not only eases household budgets but also creates opportunities for savings and investment. “Consider this analogy: Whether the harvest is abundant or modest, a farmerContinue Reading
The Namibian Agronomy and Horticulture Awards 2024 took center stage last week, spotlighting the nation’s premier producers, traders, input suppliers, and other key contributors to the agronomy and horticulture value chain. This esteemed event celebrated exceptional achievements in advancing food security amidst the growing challenges posed by climate change. HostedContinue Reading
