By Tyrone van Wyk Like many other countries, Namibia is faced with a challenging economic environment created by global macro changes. The immediate financial outlook for Namibia is examined in this article. Additionally, the potential that green hydrogen as an emerging business provides, as well as the current changes inContinue Reading
FNB Namibia has paid out N$85million, out of N$150million allocated to the bank through the SME Economic Recovery Loan funds from the Ministry of Finance & Public Enterprises in collaboration with Bank of Namibia (BON). This was revealed by Tomas Iindji, FNB Namibia Head of Business Banking – SME andContinue Reading
FNB Namibia CEO Erwin Tjipuka recently took over the Chairmanship of the Banker’s Association of Namibia (BAN) at an event held last week. The responsibility of chairing the association rotates annually among the Managing Directors or Chief Executive Officers of commercial banks in Namibia. Tjipuka takes over from Bank Windhoek’sContinue Reading
… as miner could host up to 14.5 trillion cubic feet of recoverable gas A frontier onshore play being chased in Namibia by Vancouver-based junior ReconAfrica could host up to 14.5 trillion cubic feet of recoverable gas, according to a resource assessment of the area carried out by a well-knownContinue Reading
Gratomic Inc. has announced that commercial commissioning has begun at its Aukam Graphite mine in Namibia to prepare the first 100 tonnes of product to send customers for final inclusion into value-added applications. Aukam’s primary focus in product development has been to become one of the first projects in theContinue Reading
Uranium exploration and development company Madison Minerals CEO Duane Parnham believes the Namibian Ministry of Mines and Energy’s (MME’s) recent approval for the transfer of two exclusive prospecting licences (EPLs) proves that fears surrounding the nationalisation of the country’s mining and exploration assets are unfounded. On June 6, the NamibianContinue Reading
Namibia is seeing a rise in seismic surveys, and by the end of the year, the government is planning to announcement a series of drilling projects that will take place during 2024, Petroleum Commissioner at the Ministry of Mines and Energy Maggy Shino has said. Speaking during a webinar onContinue Reading
In a concerted effort to bolster inclusivity for Namibian Micro, Small, and Medium Enterprises (MSMEs), the Namibia Investment Promotion and Development Board (NIPDB) has announced Swakopmund as the host town for the 2023 Know2Grow (K2G) NextGen Entrepreneurs Showcase 2023, designed to serve as a catalyst for growth and innovation, offeringContinue Reading
FlyNamibia, the country’s first privately-owned scheduled passenger airline, has announced the launch of its highly-anticipated new route connecting Eros Airport in Windhoek to the picturesque coastal town of Lüderitz. This exciting addition to FlyNamibia’s network was made possible through a new partnership with TotalEnergies EP Namibia, demonstrating once more theContinue Reading
ASX-listed Paladin Energy is on track for first uranium production from its re-started Langer Heinrich mine, in Namibia, by the first quarter of next year. The company said in a presentation on Wednesday that the A$118-million restart was over 50% complete, with the project tracking on budget. The project’s life-of-mineContinue Reading
