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Capricorn Appoints New Corporate Affairs Manager
By: Staff writer Capricorn Group has appointed Festus Nakatana as its corporate affairs manager, effective 1 January 2023. Festus Capricorn ‘s brand and corporate affairs department in the specialised role of developing and implementing the group’s corporate affairs strategy, which includes building and maintaining an effective investor relations programme and coordinating the publication of […]
Half Of Sub-Saharan Africa Is In The Dark
By:Nghiinomenwa-vali Erastus An assessment by the World Bank and International Monetary Fund’s economists indicated that about half of the population of Sub-Saharan Africa does not have access to electricity. Those with electricity pay on average nearly twice as much as consumers elsewhere in the world. Power shortages cost the continent about 2-4% of GDP a […]
Investors Continue To Channel Capital To Govt’s Fixed Income Assets
By:Nghiinomenwa-vali Erastus Between 1 December 2022 and 6 January 2023, investors have offered N$9,7 billion to the government in exchange for treasury bills (TBs), the Bank of Namibia TB Auction results for the 01, 08, 15, 22 December 2022, and 05 January 2023 show. The government was, however, only able to borrow N$5,7 billion, resulting […]
O&L Group Readies For Another Flash Flood
By: Hertha Ekandjo & Julian Iikela Ohlthaver & List (O&L) chairperson Sven Thieme has said that this time around they are prepared for any flash floods as the City of Windhoek this week raised a red flag over a possible repetition of the natural disaster which claimed several lives a few days ago. At the back […]
Walvis Bay Waterfront & Marina Development:NamPort Extends Bid Submission Deadline Till 6 March 2023
By: Staff writer In a notice, the Namibia Ports Authority (Namport) said the last date for submission of expression of interest (EOI) for the Walvis Bay Waterfront Development is 6 March 2023. The company stated that the deadline for respondents to register as a respondent is 16 January 2023. The development of a waterfront & […]
Drilling Campaigns Get Underway Offshore Namibia
By: Staff Writer A number of drilling campaigns will soon get underway off Namibia as the country seeks to move forward with the development of its offshore energy resources, according to Evercore ISI’s latest Offshore Rig Market Snapshot. The firm noted that Shell has kicked off its new three-well exploration campaign in Namibia last week, with the Deepsea […]
Local Car Dealers Still Face Backlogs
By: Justicia Shipena Local dealerships still have large backlogs of orders from customers as a result of a limited supply of new vehicles coming to Namibia, according to the financial experts at Simonis Storm in its vehicle sales report for November 2022. This comes as vehicle sales broke a two consecutive month decline in November […]
Askari Metals Acquires Second Lithium Project
By: Joe Toft Askari Metals Limited, an Australian based exploration company with a portfolio of battery metals (Li +Cu) and precious metals (Au + Ag) projects across Namibia, Western Australia, Northern Territory and New South Wales, has announced that it has executed a binding heads of agreement (HoA) with Earth Dimensions Consulting (Pty) Ltd, an […]
NamRa Lashed By ‘Order With Me’ Agents
By: Nguriye Katusuva Some ‘Order With Me’ SME operators have lashed out at the Namibia Revenue Agency (NamRa) about its activities, including questioning the agency for confiscating their products. This emerged as the revenue collection agency held an engagement meeting at the Nampower convention centre in Windhoek on Tuesday with various SME importers and clearing […]
The Scramble for Electricity…Zambia to become the power saviour
By: Nghiinomenwa-vali Erastus Three countries of the Southerm African Development Community (SADC) are facing power problems as their internal power generation capacities fail to meet local demand. As a result, they will be competing to grab excess power in the region. According to the Namibia Statistics Agency's (NSA) Electricity Sectoral Report, Namibia’s domestic generation has […]