By Dino Ballotti Namibia is at a critical point in its journey towards becoming a green industrialised nation. This transition presents a unique opportunity for Small and Medium-sized Enterprises (SMEs) to assume a central role. As we fully embrace renewable energy and sustainable development, SMEs are uniquely positioned to driveContinue Reading
The “Localizing Green Industries in Namibia” study, conducted by Systemiq from December 2023 to May 2024, was officially launched at a side event during the Global African Hydrogen Summit on 03 September 2024, held at the Mercure Hotel. The session aimed to present and discuss the study’s outcomes and recommendationsContinue Reading
Australia-listed Lepidico is exploring options to maximise the value of its Karibib lithium project, in Namibia, and has hired Jefferies International as its financial adviser to guide the process. The company is considering a range of strategic options, including bringing in a minority equity partner, selling the asset, or pursuingContinue Reading
Namibia’s search for oil has yielded 16 oil drill campaigns since 2022, which were dominated by drillships and semi-subrigs operated by different explorers, data produced by Westwood Global Energy Group reveals. Day rates for Namibian rig contracts have risen due to the continued market recovery, averaging US$365,000/day (about N$6.4 million)Continue Reading
NGX Limited has confirmed significant uranium mineralisation at its Namibian Tubusis and Rossingburg projects, following a review of historical exploration data. The company, which recently entered joint venture agreements to acquire these projects, reported promising intercepts of uranium at both sites, with plans to continue desktop modelling and on-ground activitiesContinue Reading
Canadian oil and gas company Africa Oil Corp. has set the wheels in motion to expand its ownership interest in Impact Oil & Gas, an Africa-focused exploration player with hydrocarbon exploration and appraisal assets in the Orange Basin off the coast of Namibia. Thanks to a call and put optionContinue Reading
GCR Ratings (GCR) has upgraded the Namibian national scale long-term issuer ratings for Letshego Holdings Namibia, Letshego Bank Namibia, and Letshego Micro Financial Services Namibia to A+(NA) from A(NA). The short-term issuer ratings of A1(NA) have been affirmed, and the outlook has been revised to Stable. Karl-Stefan Altmann, Chief FinancialContinue Reading
The Environmental Investment Fund of Namibia (EIF) and Northern Regional Electricity Distributor (NORED), in collaboration with the Ministry of Mines and Energy (MME), have announced the signing of a Memorandum of Agreement (MOA) under the Towards an Inclusive Design of the Renewable Energy Transition (TIDRET) project. This significant event marksContinue Reading
Noronex has launched a big gravity survey over its Humpback-Damara project in Namibia to firm up drill targets at the basement contact similar to those associated with Central African Copper Belt (CACB) deposits. The company has today confirmed it is looking at some 5000 gravity stations for the program thatContinue Reading
Seven elephants from a Namibian sanctuary are settling into their new home in Cuatir Nature Reserve in southeastern Angola, the first of many that will make the trip. The elephants were relocated from Mount Etjo Safari Lodge in the Okanjati Game Sanctuary due to concern from conservationists that the areaContinue Reading
