Deep Yellow has selected contractor Ausenco Services to deliver detailed engineering and engineering, procurement and construction management (EPCM) services for the company’s flagship Tumas uranium project, in Namibia. It is intended that an EPCM commercial agreements and contracts award for detailed engineering will be finalised over the coming months, followingContinue Reading
RMB has been appointed by QKR Navachab as the initial mandated lead arranger, underwriter, and coordinator of a syndicated loan from Namibian and South African banks. The loan providing bespoke term funding, worth USD155 million (about N$2.8 billion), is earmarked for the mine’s recently announced expansion programme. The multifaceted solutionContinue Reading
Bank Windhoek’s Managing Director, Baronice Hans has announced the appointment of Saara Shivute as the Bank’s Executive Officer of Sales and Bancassurance, effective 1 June 2024. Hans said that since joining Bank Windhoek in 2018 as Head of Specialist Finance, Shivute has been instrumental in driving the Bank’s success asContinue Reading
In a landmark decision, five Southern African nations have expanded a regional visa to enhance tourism and streamline cross-border travel, similar to the Schengen Visa. The new Schengen-style visa for Southern Africa will boost tourism by simplifying travel across Angola, Botswana, Namibia, Zambia, and Zimbabwe. This unified visa, mirroring theContinue Reading
The African Peace Organization UK, in conjunction with the Government of Namibia, and other strategic partners is set to organize the 3rd Edition of the International African Energy, Oil and Gas Summit with the theme: A Symphony of Progress – Harnessing Africa’s Natural Resource Development, scheduled to hold on theContinue Reading
Namibia has improved its ranking in StartupBlink’s global startup ecosystem rankings this year, with results showing that the country has climbed of 12 places since first joining the Index in 2021. In Africa, Namibia climbed one spot to 8th place, right above Ghana (ranked 9th) and Tunisia (ranked 10th).Continue Reading
In Namibia, the tourism industry contributes N$14.3 billion to our Gross Domestic Product and employs about 58 thousand people, Deputy Minister of Sport, Youth and National Services, Dr. Emma Kantema has said. Speaking at the official opening of the 6th Africa Youth in Tourism Innovation Summit and Challenge, Katema highlightedContinue Reading
In the face of a recovering economy, soaring inflation, and high interest rates, small business owners in Namibia are navigating challenging times. Now more than ever, supporting Small and Medium Enterprises (SMEs) is imperative, given their significant contribution to the Namibian economy. It is estimated that there are over 40Continue Reading
The One Economy Foundation’s Youth Opportunity Pillar will host our first Financial Literacy Workshop this year for youth micro-entrepreneurs aged 18-35 in Mariental on 29-30 May 2024. This is the first of a four-part series of Financial Literacy Training sessions that YO! will be hosting across various regions. This workshopContinue Reading
With just over a month to go before the Africa Hospitality Investment Forum (AHIF) opens its doors on 25th June, the government of Namibia has confirmed that the President of the Republic of Namibia, Dr. Nangolo Mbumba will headline the agenda. AHIF, which is known as the most influential annualContinue Reading
