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Schlettwein Calls Meatco Backlash “Racist”
By:Staff Writer Minister of agriculture, water and land reform, Calle Schlettwein has expressed disappointment in some comments on the Meatco debate he initiated last week. This comes after some members of the public linked Schlettwein’s utterances to an alleged agenda aimed at killing Meatco in a bid to advance the interests of privately owned abattoirs. […]
Governor Links Rundu Urbanisation To School Infrastructure Shortage
By:Annakleta Haikera The rapid increase of urban migration has led to a population explosion in Rundu in the Kavango East over the years, the governor Bonifatius Wakudumo said last week. The town’s population has reached a total of 105785, which means over 64% of all residents of the Kavango East region reside in Rundu. The […]
Twin Hills Definitive Feasibility Study Progressing – Osino
By Staff writer According to Osino Resources’ latest updates, the company is progressing with developing a definitive feasibility study (DFS) for its Twin Hills gold project near Karibib. Furthermore, the company is conducting trade-off studies and assessing risks and opportunities for infrastructure enhancement, water, and power supply in particular. An existing preliminary feasibility study for […]
City Councilors Tell Utoni It Can Function Without Complete MC
By:Justicia Shipena Five councillors of the City of Windhoek council say they will assess the prospects of participating in electoral activities as this is not their priority mandate. The five councilors are Affirmative Repositioning (AR) councilors Job Amupanda and IIse Keister, Landless Peoples Movement’s (LPM) Sade Gawanas and Ivan Skrywer as well as Popuar Democratic […]
Public Sector Workforce Stands At 107K – PSC …more male workers recommended for study leave
By :Justicia Shipena The number of public servants stands at approximately 71 305, according to the Public Service Commission’s (PSC) latest statistics. The statistics were contained in the annual report for the financial year 2021/22 unveiled by the PSC chairperson Salmaan Jacobs in the capital last Wednesday Jacobs said the figure excludes those in […]
Tax Authority Amendments Aimed At Tackling Base Erosion And Transfer Pricing
Nghiinomenwa-vali Erastus In calculating how much tax a company pays, the tax authority has adopted new rules to limit companies’ interest payments to foreign-owned parents outside Namibia if their debt is three times more than their equity. This is according to the Income Tax Act’s recent amendments which were gazetted at the end of December […]
Trigon Extends Kombat Copper King, by acquiring EPL 8529
By:Staff writer Trigon Metals has entered into a definitive agreement to expand its land holding in Namibia, through the acquisition of exclusive prospecting licence 8529, the company announced on Monday. EPL 8529 is currently held by a Namibian company, Otjiwa Mining, and Prospecting CC and is valid for three years from November 9, 2022 to […]
Prospect Resources hunt for Lithium Continues with Drills …waiting on sample testing
By:Staff writer Prospect Resources said their initial 2 000m RC drilling commenced at Omaruru Lithium Project in December. To date, the company has drilled 13 holes since October 2022 in pursuit of lithium and is waiting on sample results to test the ore content and quality. The company which is one of the key firms […]
Old Mutual Hands Over Fire-Fighting Equipment To Govt
By:Staff Writer The Old Mutual Foundation partnered with the ministry of environment, forestry, and tourism (MEFT) and Agra to sponsor five firefighting equipment to assist the regions where veld fires firefighting machines to help the regions where veld fires usually occur. Agra offered a discount of N$40 000 on the equipment which is valued at […]
Deep Yellow Sets N$6.4 billion Price Tag OnTumas
By:Staff writer Deep Yellow, the uranium exploration company, says that $372 million (N$6.4 billion) capital investment is required for its The Tumas uranium project in the Erongo region. The company recommenced with drilling in 2020. Deep Yellow based the DFS on treating 4.15-million tonnes a year of ore to produce up to 3.6-million pounds of […]