The recently released 2023 Census Main Report has shown that about 13.8 percent of the households depend on the old age pension, while 10.7 percent depend on farming for their survival, and the majority, 46.6 percent of households in Namibia, depend on salaries and wages. Beyond this, 9% depend onContinue Reading
Mines and Energy Minister Tom Alweendo has said that Namibia needs to embrace technology and innovation across all stages of development in both oil and gas and green hydrogen industry value chains. Alweendo was addressing delegates at the 2024 Erongo Business & Tourism Expo when he further stated that digitalContinue Reading
Impact Oil & Gas, a privately-owned, Africa-focused, exploration company, has announced that following receipt of all the relevant regulatory approvals from the Government of Namibia and joint venture partner consents, the Company has completed the farm out of its interests in Blocks 2912 and 2913B offshore Namibia to TotalEnergies EPContinue Reading
Hilton Windhoek has announced that it has been awarded two prestigious accolades at the 2024 World Travel Awards as Namibia’s Leading Hotel and at the MICE Awards as Namibia’s Best MICE Hotel. These highly esteemed awards recognize Hilton Windhoek’s commitment to excellence in service and dedication to delivering unforgettable guestContinue Reading
The Bank of Namibia has announced the coming into force of the Determination on Policy Changes in Response to Economic and Financial Stability Challenges as a Result of the State of Emergency over the Persistent Drought in Namibia (BID-39) on 23 October 2024. The Determination was issued following the declarationContinue Reading
With silver prices rising, Golden Deeps has managed to eke out a maiden silver equivalent resource at its Khusib Springs silver-copper project in Namibia by recalculating existing drill holes using silver as the lead metal. Khusib Springs was thought to be principally a copper project, however the recent ramp-up inContinue Reading
A key catalyst for domestic tourism growth is the expected third 25 bps rate cut by the Bank of Namibia in December 2024, following two earlier 25 bps cuts this year, research experts, Simonis Storm have said. This additional reduction is likely to further lower borrowing costs, making travel moreContinue Reading
Olympia Eye & Laser Centre has announced an exciting breakthrough in retinal care for patients in Namibia. Dr. Talitha Maritz recently performed a series of treatments using the advanced Navilas® Laser System 577s Prime, marking a new chapter in the treatment of retinal conditions, specifically central serous choroidopathy, diabetic macularContinue Reading
Standard Bank Business and Commercial Banking recently hosted a successful Breakfast Connect Session in the Oshana Region, gathering local business leaders, government officials, and industry experts to discuss the region’s economic potential and foster collaboration for sustainable growth. The event highlighted opportunities for business development and showcased how Standard Bank’sContinue Reading
A drillship that was operationally active in the Baleine offshore exploration area off the coast of Côte d’Ivoire, has arrived off the coast of Namibia in preparation for intended single-well drilling by Portuguese energy multinational, Galp Energia. The Santorini, owned by Italian oilfield services company Saipem SpA, is part ofContinue Reading
