Rössing Uranium’s long-term strategy is now focused on identifying an economic pathway for achieving higher production rates from new sources of ore, and extending the life of mine beyond 2036, Managing Director Johan Coetzee has said. According to him, the potential for further expansion of the current SJ Pit isContinue Reading
Momentum Metropolitan Empowerment Trust (MMET) has announced a contribution of N$200 000 to the Namibia National Internship Program (NNIP) and became the 4th corporate to aid the program, joining the likes of Old Mutual, Standard Bank, and MTC Namibia. NNIP objective remains to continue providing students with Working Integrated LearningContinue Reading
Telecom Namibia has announced a 5-year transformative partnership with Huawei Technologies Namibia. Huawei is a global leader in Mobile Technology Solutions. This strategic collaboration marks a significant step forward in revolutionizing the Telecom Namibia mobile network capabilities and coverage across the country. As part of the company’s five-year Integrated StrategicContinue Reading
Aldoro Resources Ltd has enlisted highly regarded mineralogy research and processing expert Professor Zhiguo He to conduct detailed bench testing on rare earth elements (REE) and niobium mineralised samples from the company’s flagship Kameelburg Project in Namibia. Professor He, of the Central South University of China, will focus on theContinue Reading
The latest analysis from Westwood Global Energy Group reveals that despite favourable oil prices in 2022, high impact exploration drilling in 2023 declined by 21%, due to energy transition strategies, industry consolidation, rising well costs and reduced activity in former hotspots. Further 2023 analysis reveals that the commercial success rateContinue Reading
Silversea has unveiled its World Cruise 2027, The Three Oceans, which will call at 80 destinations across 35 countries on five continents. It also includes 20 new calls and 11 overnight stays. The voyage will take place on one of Silversea’s smallest cruise ships, Silver Dawn, departing from Los AngelesContinue Reading
In line with the statutory reporting requirements set forth in the Bank of Namibia, 2020 (Act No.1 of 2020), the Governor of the Bank of Namibia (BoN), Johannes !Gawaxab appeared before the Parliamentary Standing Committee on Economics and Public Administration to report on the current operations and affairs of theContinue Reading
From the vibrant landscapes of the Zambezi Region, the 2024 Old Mutual Sustainable, Economic and Empowerment Drive (OM SEED) initiative has once again showcased the entrepreneurial spirit of Namibia. This year, the initiative highlighted the remarkable talents of individuals from Katima Mulilo, culminating in the celebration of three outstanding entrepreneurs.Continue Reading
Trustco Group Holdings Limited has announced a landmark agreement to convert N$4.4 billion (USD 235 million) of debt into equity, paving the way for a planned USD100 million capital raise in the US markets. The agreement is expected to increase Trustco’s net asset value by approximately N$1.5 billion (USD 79Continue Reading
Canada-headquartered oil and natural gas exploration player Sintana Energy has wrapped up its acquisition of a stake in Giraffe Energy Investments, which enabled it to get a hold of a new license in the Orange Basin off the coast of Namibia. Thanks to a deal with Crown Energy, a NamibianContinue Reading
