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
Surfshark’s Digital Quality of Life Index 2022 has ranked Namibia 103rd in the world on overall digital wellbeing. The country has dropped by three positions since last year’s edition, falling from 100th to 103rd. The study covers 92% of the global population and indexes 117 countries by looking at fiveContinue Reading
President Hage Geingob has reiterated that Namibia’s classification as an upper middle-income country presents challenges with regards to mobilizing resources to finance development goals further highlighting that the formulae used for this determination is flawed. Geingob was speaking at the 77th session of the UN General Assembly (UNGA) last week.Continue Reading
By Jerome Mutumba The recent focus on empowering informal and microenterprise is a necessary affirmation for further development of Namibia’s economy. Development of new market spaces, as well as ongoing management of and upgrades to SME parks as good omens for the future. An examination of Namibia’s recent enterprise historyContinue Reading
A collaborative energy approach, like that of the European Union (EU), is needed in Southern Africa, says Namibia presidential economic adviser James Mnyupe. At least South Africa and Namibia should put together a case that shows seriousness about decarbonising sub Saharan Africa, says Mnyupe, with the two countries looking toContinue Reading
“The port of Walvis Bay is among the most efficient port in Africa, maintaining high safety and security standards with shorter turnaround times between Zambia and Namibia,” states the WBCG’s Zambia Business Development Manager, James Kaposa. Kaposa shared this point with ministry of agriculture officials during a meeting they heldContinue Reading
