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
Nedbank Namibia last week hosted the business community of Swakopmund and Walvis Bay to discuss the 2024/2025 national budget, which was recently tabled by the Minister of Finance and Public Enterprises, Ipumbu Shiimi. In her opening remarks, Nedbank Namibia Managing Director, Martha Murorua, reinforced the bank’s role in aligning withContinue Reading
Namibia and South Africa are in talks to launch infrastructure projects worth N$7 billion over the next three years to address current rail and port inefficiencies. The Namibian Executive Director for the Ministry of Finance and Public Enterprises, Titus Ndove was quoted saying that his ministry is mobilising an initialContinue Reading
Namibia-focused junior Reconnaissance Energy Africa (ReconAfrica) has received a significant fillip for its 2024 exploration campaign in the frontier Kavango basin after an independent resource assessor estimated that prospects on its acreage could house 3.4 billion barrels of potentially recoverable oil. Toronto- and Frankfurt-listed ReconAfrica holds a 90% stake inContinue Reading
Gil Holzman, CEO and President of Eco Atlantic has said that they expect more activity in Namibia’s orange as the country continues to yield excitement after recent oil discoveries. “Namibia has witnessed some of the largest exploration discoveries in recent years, thanks to small explorers never giving up and betterContinue Reading
…Knowledge Katti’s Custos, Galp and NAMCOR are partners Sintana Energy Inc has said that an ongoing exploration campaign in Namibia’s Orange Basin has resulted in significant discoveries of light oil. The company is conducting exploration on blocks 2813A and 2814B in the Basin, a region rapidly gaining recognition as oneContinue Reading
Reconnaissance Energy Africa Ltd. (ReconAfrica), an oil and gas exploration company, has released an updated prospective resource estimate for the Damara Fold and Thrust Belt Area in Namibia. The estimate, supported by a Prospective Resource Report prepared by independent evaluator Netherland, Sewell & Associates, Inc. (NSAI), reveals an increase inContinue Reading
Shell’s chief executive Wael Sawan earned just shy of N$190 million from his work with the London-listed supermajor in 2023. Shell has made four oil discovery in the Orange Basin, offshore Namibia. With a total remuneration package of N$188 million for his work in 2023 with the boss receiving aContinue Reading
Andrada Mining Ltd has said the commissioning of a tin sorting circuit is underway at its Uis mine in Namibia. Once installed, the circuit will increase production of tin concentrate to 2,600tpa from 1,500tpa, an expansion anticipated to increase revenue by up to 75% and reduce the mine’s sustaining costsContinue Reading
Mines and Energy Minister, Tom Alweendo has shared key lesson from the recently held Nigerian Energy Summit in Abuja. Nigeria, being the largest oil producer in Africa, Alweendo said that they took the opportunity to discuss their local content journey in the oil and gas sector, and thus Namibia learntContinue Reading
