Early works construction activities at Australia- and Namibia-listed Bannerman Energy’s Etango uranium project, in Namibia, are progressing well, with the 24-month bulk earthworks contract, awarded in August, proceeding on schedule. A critical enabler for uninterrupted delivery of the bulk earthworks activities is continuity of water supply on-site during the earlyContinue Reading
Aldoro Resources has further confirmed the niobium potential of its Kameelburg project in Namibia. New assay results from a pre-drill sampling program have identified a direct line length of 190 metres, with samples returning an average grade of 0.70% niobium pentoxide. Other assays received have confirmed the entire 262m ofContinue Reading
Following its light oil and gas-condensate discovery in the first well within its second exploration and appraisal program, Portugal’s oil and gas company Galp has started drilling another well in the Orange Basin, where oil discoveries were also made during its first campaign within license PEL 83 off the coastContinue Reading
In the oil sector, Namibia recently gained attention due to significant discoveries in the offshore Orange Basin. Now, focus is shifting to the onshore Owambo Basin, where encouraging signs of oil and gas presence are emerging. Independent explorer Monitor Exploration Ltd (MEL) revealed on Tuesday, December 10, 2024, preliminary resultsContinue Reading
Ongoing metallurgical beneficiation test work using ore from Elevate Uranium’s Koppies project in Namibia will inform the design of the company’s proposed U-pgrade demonstration plant. Six tonnes of uranium samples excavated from bulk test pits at the Koppies resource have been sent to a laboratory in Perth for the testContinue Reading
PyroNam, a subsidiary of the German climate tech company PyroCCS, and the German non-profit organization atmosfair have teamed up in a partnership to scale biochar carbon dioxide removal (CDR) in Namibia. As part of a long-term vision that entails the development of multiple new high-tech industrial biochar projects across theContinue Reading
The Communications Regulatory Authority of Namibia (CRAN) has said it acknowledges reports of a data exfiltration attack on one of Namibia’s telecommunication operators, underscoring the critical importance of robust cybersecurity measures to safeguard critical infrastructure and information infrastructure and consumer data. Through the Namibia Cyber Security Incident Response Team (NAM-CSIRT),Continue Reading
Non-monetary gold was Namibia’s largest exported commodity in October 2024, accounting for 16.9 percent of the total export of goods which was predominantly destined for South Africa. According to the Namibia Statistics Agency (NSA), uranium came second on the list accounting for 15.3 percent of the total exports and wasContinue Reading
The banking sector experienced a notable improvement in liquidity during October 2024, with average liquidity levels rising to N$6.7 billion, up from N$5.9 billion in September. According to Simonis Storm, this increase was primarily driven by cash inflows from coupon payments, diamond sales, and the redemption of the GC24 bond.Continue Reading
Just as we are about to close the year, South African footwear brand Bathu surprises fans with a new store. Theo Baloyi, the brand’s founder, took a major step by opening his first international store at Maerua Mall in Windhoek, Namibia. The new store is Bathu’s 35, following the recentContinue Reading
