The Namibian Stock Exchange (“NSX”) recently celebrated its 30th Anniversary highlighting major milestones over the years and future outlook. At the event, Chief Executive Officer of the NSX, Tiaan Bazuin laid out the history of the NSX since its birth in September 1992 further touching on the future prospects ofContinue Reading
In an endeavour to increase economic activities in the country, Namibia has launched a new visa for remote workers, commonly referred to as digital nomads. The Namibia Digital Nomad Visa (DNV), an initiative of the Government of the Republic of Namibia, invites foreign professionals, who are location independent and self-sufficient,Continue Reading
With effect from early 2023, Al Cook has been announced as the new CEO of De Beers Group and current CEO Bruce Cleaver as co-chairperson. This follows Cleaver’s decision to step back after six years to a non-executive role, Anglo American CE and De Beers Group chairperson Duncan Wanblad. CookContinue Reading
Despite having amassed a loss of N$206 million in the most recent financial year, the Meat Corporation of Namibia (Meatco) has outlined a clear vision towards recovery which among others includes cost reduction mechanisms, increasing productivity and revisiting its strategy to cope with Volatility, Uncertainty, Complexity, and Ambiguity (VUCA), bothContinue Reading
Mines and Energy Minister, Tom Alweendo and his Zambian counterpart, Peter Kapala have signed a memorandum of understanding (MoU) to facilitate a private sector led infrastructure development project aimed at building an oil and gas pipeline from the port of Walvis Bay to Zambia. At the signing, Alweendo said ifContinue Reading
Sintana Energy has announce that Trago Energy (Pty) Limited, a Namibian affiliate of the Company, has completed a transaction with Chevron Namibia Exploration Limited, a wholly-owned subsidiary of Chevron, in respect of its interest in Petroleum Exploration License 90 located in the Orange Basin in Namibia. The deal is estimatedContinue Reading
TSX-V-listed Deep-South Resources announced that the High Court of Namibia’s hearing of the review of the Minister’s decision not to renew the exploration and prospecting licence for the Haib copper project was held on October 3, and the judge indicated that a written judgment was to be expected on NovemberContinue Reading
…Build it to pay Spar at least N$250 000 monthly Oshikango Build It has pushed through a settlement agreement with the Spar Group in a matter in which the Group had approached the courts to have the northern building supplies retailer liquidated over debt of approximately N$27 million. Earlier this year,Continue Reading
Namibia’s trade of frozen fish, excluding fish fillets and other fish culminated in Horse Mackerel emerging as the main exported product with earnings of N$1 billion, followed by Hake (N$96.9 million) and Tuna (N$59.2 million). This was last week revealed in an agricultural report released by the Namibia Statistics AgencyContinue Reading
Development Bank of Namibia (DBN) and the Namibia Investment Promotion Board (NIPDB) have formalized their cooperation with a memorandum of understanding (MoU) signed on 28 September 2022. The two development agencies have previously cooperated in the past, notably when DBN accompanied the NIPDB Know2Grow outreach programme, during which DBN introducedContinue Reading
