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
By Dr. John Steytler As we rapidly approach the end of the year, we often take stock and review the year. What have we achieved? Did our resolutions withstand the pressures of everyday life, or will we try again in the new year? Whether you separate your year into personalContinue Reading
Noronex and big JV partner South32 will probe some exciting targets deep on the northern edges of the world class Kalahari copper belt at its Damara project in Namibia. The targets were discovered using a combination of gravity and magnetic geophysical surveys and present as compelling drill targets in aContinue Reading
