ECONOMY (Page 3)

African Peace Magazine has announced the distinguished line-up of speakers for the 3rd International African Energy, Oil, and Gas Summit, set to take place from October 23rd to 25th, 2024, at Hilton, Windhoek. Among these are Dr. Martha Namundjebo-Tilahun, Chairperson, United Africa Group, Namibia; Frieda Tunyoleni Amuela, an extractive industryContinue Reading

About 32 years ago, Namibia Post Limited (NamPost) had assets of roughly N$69million and has now grown these assets to N$8.1 billion, Festus Hangula, Chief Executive Officer of NamPost said this week on the occasion of the launch of NamPost’s digital channels. “In 2009, the assets were N$1.5 billion, soContinue Reading

The Bank of Namibia, the Ministry of Finance, the Namibia Financial Institutions Supervisory Authority (NAMFISA), and the entire financial sector have taken initial steps to establish a coordinated forum to speak with one voice and advocate for sustainability within the financial sector and the economy. This was announced earlier todayContinue Reading

The Namibia Revenue Agency (NamRA) has reported that from 1 April 2024 to 30 September 2024, the Authority collected a net amount of N$45.1 billion representing an increase of N$7.1 billion compared to the same period last year, where N$38 billion had been collected by September 2023. This was announcedContinue Reading

Elevate Uranium now has greater confidence in the uranium mineralisation present at its Koppies in Namibia after upgrading a significant portion of its resources to the indicated category. To top it off, the company has also defined a maiden resource of 23.3Mt grading 200 parts per million (ppm) eU3O8, orContinue Reading

African bankers, financiers, legal practitioners, insurers, and professionals from regulatory agencies and corporates, from across the African continent involved in trade finance will gather in Windhoek, Namibia, from 5 to 8 November for the annual Afreximbank Trade Finance Seminar (ATFS) and Factoring Workshop. The event will address critical trade financeContinue Reading

Star Minerals is set to kick off drilling at its Cobra uranium project in Namibia which will comprise the first step of its staged earn-in to the project, estimated to contain 9 million pounds of uranium oxide. Star’s assessment of the project, which sits in the country’s highly-prospective Erongo regionContinue Reading

Brian Reinsborough, President and CEO of Reconnaissance Energy Africa Ltd. (ReconAfrica) has said that plan to be drilling the Naingopo exploration well on PEL 73 onshore Namibia through October before reaching total depth and will disclose well results after thorough analysis of the logs and any obtained fluids. Reinsborough lastContinue Reading

Namibia’s net foreign direct investment (FDI) inflows declined during the second quarter of 2024, largely driven by base effects, intercompany loan repayments and a slowdown in the appraisal drilling campaigns. Namibia’s net direct investment inflows declined by N$7.2 billion and N$3.9 billion on a yearly and quarterly basis, respectively, toContinue Reading

TotalEnergies will be targeting a billion-barrel resource with its next deepwater well offshore Namibia, according to chief executive Patrick Pouyanne. The Tamboti-1X probe is due to spud shortly in the northeast of Block 2913B which hosts the supermajor’s huge Venus discovery. Fresh from completing what is thought to have beenContinue Reading