THE City of Windhoek (CoW) Chief Executive Officer (CEO) Moses Matyayi has proffered ideas that local authorities should adopt if they are to witness positive service delivery transformation and thrive for their communities. In offering a solution, Matyayi called for a radical overhaul of service delivery by looking into alternateContinue Reading
The Namibian Green Hydrogen Programme (NGH2P), spearheaded by the Ministry of Mines and Energy, has announced that Namibia has been invited to join the International Hydrogen Trade Forum (IHTF). As a Forum member Namibia will participate in the annual Ministerial Meeting and Ministerial-CEO Roundtable which will enable Namibia to activelyContinue Reading
Huge oil discoveries in the deep coastal waters off Namibia over the last two years are generating a wave of energy investor interest in the country’s hydrocarbon reserves – the recent finds potentially turning it into one of Africa’s top petroleum producers in the coming years. With an estimated 11Continue Reading
German Federal Minister of Economics Robert Habeck and Namibia’s Energy Minister Tom Alweendo have agreed to deepen the two countries’ existing hydrogen partnership. According to the German Federal Ministry for Economic Affairs and Climate Protection (BMWK), the ministers signed an agreement to support the Green Hydrogen Namibia Program, the newContinue Reading
Namibia Critical Metals has announced the sale of four non-material gold properties in Namibia to Sylla Gold. Sylla will issue to Namibia Critical Metals three-million common shares at a deemed issuance price of $0.05 a share and make a cash payment of C$100 000 (about N$1.3 million). This move reflectsContinue Reading
FirstRand Namibia Group handed over a symbolic dividend cheque for the financial year ended June 2023 to the Government Institutions Pension Fund (GIPF) on Monday. The dividend totalled N$321 971 760.99. The GIPF’s 15.7% shareholding in FirstRand Namibia Ltd ensures financial stability, growth, and security for GIPF’s members and beneficiariesContinue Reading
Africa Oil Corp. has made a cash offer to acquire up to 8.0% of issued shares from minority shareholders in Impact Oil and Gas Limited. The offer is worth up to approximately US$64 million (about N$1.2 billion), which implies a valuation of US$805 million for 100% of the issued shareContinue Reading
New Generation Reporting took centre stage this week when the Capricorn Group, in partnership with GreymatterFinch, hosted yet another Investor Relations Workshop. The event, held on Tuesday at the Hilton Hotel in Windhoek, was attended by players from various sectors of the Namibian economy, including listed companies on the NamibianContinue Reading
According to the most recent budget from the Namibian Ministry of Finance for the fiscal year 2024/25, planned government expenditure on vehicle purchases has significantly risen to N$285.5 million. For context, the total expenditure on vehicle purchases for operational and development purposes in the fiscal year 2022/23 was N$76.6 million,Continue Reading
Following the lifting of the moratorium on 5G by the Government and the successful allocation of the 5G spectrum by the Communication Regulatory Authority of Namibia (CRAN) to the telco players in Namibia, the country’s digital driver, MTC, in collaboration with Huawei Technology, has today (18 March 2024) conducted Namibia’sContinue Reading
