DUBBED the commodity of the month by the Namibia Statistics Agency (NSA), Namibia imported cheese valued at N$14.6 million during the month of March, mostly sourced from South Africa. Over the year, the lowest import value of N$11.0 million was observed during the month of February 2022 while the highestContinue Reading
NAMIBIAN recycling company, NamiGreen, has started to measure CO2 reductions enabled by their recycling efforts, NamiGreen, Per Hansen recently said in a statement. NamiGreen E-waste recycling in Namibia collects and recycles a considerable amount of used and broken electronics (i.e. e-waste) from both companies and households in Namibia. The companyContinue Reading
DUNDEE Precious Metals has said that its Tsumeb smelter has performed below its expectations in the first quarter of 2022, this, attributable to maintenance works at the plant. Announcing its operating and financial results for the first quarter of 2022, the miner said at Tsumeb, while complex concentrate smelted wasContinue Reading
ARCADIA Minerals has doubled the mineral resource estimate (MRE) for its Swanson tantalum project, in Namibia. Arcadia on Friday told shareholders that a revision of the 2021 MRE had delivered a new indicated and inferred resource of 2.59 million tonnes, an increase of 115%, at an average grade of 486Continue Reading
RAND Merchant Bank (RMB), the corporate and investment banking business of FirstRand, yesterday announced that CEO James Formby would hand over the leadership to Emrie Brown, who would start in October. Brown as a female executive takes the role as gender equality in corporate leadership in South Africa is closelyContinue Reading
THIRTEEN Community Conservancies (CCs) in the Kavango-Zambezi (KaZa) landscape in northeast Namibia are currently benefiting from various interventions stemming from the Sustainable Wildlife Management Community Conservancy Project (SWM-CC) under the SWM Programme launched last year. The SWM Programme, in collaboration with the Government of Namibia, through the Ministry of Environment,Continue Reading
WITH Namibia’s burgeoning oil and gas sector set to take the spotlight during the continent’s premier energy event, African Energy Week (AEW) taking place from October 18-21, 2022, in Cape Town – James Mnyupe, Presidential Economic Advisor and Hydrogen Commissioner is set to attend and discuss the intersection of energyContinue Reading
Last week, the biannual Namibia Genetics Auction Group’s event, which was hosted at the Agra Bank Windhoek Ring in Windhoek, saw participating farmers achieve an average price of above N$60,000 for bulls and close to N$30,000 for heifers and cows. The auction facilitated the sale of 91 cattle, comprising 43Continue Reading
SIMONIS Storm Securities expects another 75bps hike in the repo rate before the end of 2022, which would lift the prime rate from 8.00% to 8.75%. In its recent meeting, the Monetary Policy Committee of the Bank of Namibia (BoN) raised its repo rate by 25 basis points from 4.00%Continue Reading
ECONOMIST, Theo Klein has offered to explain why the fuel price will be going down this week. His explanation is as follows: Withstanding the global oil terrain experienced over the past few months, the Ministry of Mines and Energy (MME) incurred an over-recovery of 31 cents per litre on petrolContinue Reading
