In a landmark development for Namibia’s burgeoning energy sector, Portuguese energy giant Galp has confirmed that its Mopane discovery offshore the southern coast holds contingent resources of at least 875 million barrels of oil equivalent (boe), with further upward revisions expected as data from recent exploration and appraisal wells isContinue Reading
Namibia’s private sector is adopting a measured approach to borrowing, opting to prioritize financial prudence over aggressive expansion, even as macroeconomic conditions show tentative signs of improvement. According to the latest Private Sector Credit Extension (PSCE) data from Simonis Storm, corporate credit growth moderated to 5.9% year-on-year (y/y) in FebruaryContinue Reading
At the launch of the Bank of Namibia’s 2024 Annual Report last week, Dr. Kaire Mbuende, Director General of the National Planning Commission, underscored the urgent need to responsibly harness artificial intelligence (AI) within the financial services sector. Speaking at the event, Dr. Mbuende emphasized that while AI presents transformativeContinue Reading
In a landmark meeting underscoring deepening international collaboration, Russian Deputy Prime Minister Yuri Trutnev and Namibian Foreign Minister Selma Ashipala-Musavyi convened in Windhoek this week to celebrate a remarkable milestone: bilateral trade between their nations has nearly doubled in 2024. The discussions, brimming with optimism, centered on fortifying economic partnershipsContinue Reading
Aim- and OTCQB-listed tin producer Andrada Mining’s ongoing continuous improvement programme has resulted in processing rates reaching 141 t/h, the highest level in the past five quarters, CEO Anthony Viljoen announced on March 31 in an operational update for the fourth quarter and 12 months ended February 28. During theContinue Reading
The Employee Wellness Indaba, founded and hosted annually by Eureka Psychological Services, is set to make its much-anticipated return on 21–22 May 2025 in Windhoek. Now in its 4th edition, this two-day event has cemented its reputation as a premier platform for advancing workplace wellness initiatives across industries. The IndabaContinue Reading
Finance Minister Ericah Shafudah has unveiled a N$106.3 billion budget for the 2025/26 financial year, striking a delicate balance between fiscal consolidation and targeted investments to stimulate economic growth. Tabled under the theme “Beyond 35: For a Prosperous Future,” the budget reflects Namibia’s aspirations as it celebrates 35 years ofContinue Reading
Namibia’s offshore oil and gas industry is set for significant growth in 2025, driven by new licensing opportunities and an uptick in drilling activities, Petroleum Commissioner Maggy Shino announced during a webinar hosted by the African Energy Chamber, Wood Mackenzie and Namibia’s Ministry of Mines and Energy. The move isContinue Reading
By Kehad Snydewel “Don’t judge a fish by how it rides a bicycle” is a favorite saying of mine, as I believe it sums up the experience of some organizations giving advice. It’s my position that ‘one size does not fit all.’ Teaching a fish to ride a bicycle doesn’tContinue Reading
The Communications Regulatory Authority of Namibia (CRAN) undertook significant initiatives aimed at enhancing telecommunications compliance and promoting online safety for the youth from 08 to 20 February 2025 in the !Karas Region. These efforts underscore CRAN’s commitment to fostering a secure and reliable telecommunications environment in Namibia. CRAN conducted aContinue Reading
