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Gratomic Inks LOI With Graphex Technologies To Produce Natural Graphite Anode Material
By:Staff writer Gratomic Inc. has revealed that it has inked a non-binding Letter of Intent (LOI) with Graphex Group Limited and its US subsidiary, Graphex Technologies, a leader in the downstream processing of natural graphite used in electric vehicle (EV) lithium-ion (Li-ion) batteries. The multinational company with projects in Namibia, Brazil, and Canada, said that […]
Kavango West Commemorates Education Day Amidst Struggles
By:Annakleta Haikera Musese constituency councillor Kosmos Katura says villagers in the Kavango West region are struggling to pay fees for their children to return to school. Katutura called on community members, school boards and teachers to allow such learners in school because their parents are unable to contribute such funds. The councillor said this during […]
MTC Switches On 1000th Tower- Aims To Bridge Digital Gap
By:Nghiinomenwa-vali Erastus MTCswitched on its 1000th network tower at Okadhiya, Okatyali constituency in the Oshana regionthis week, as it aims to unlock Namibians to digitalisation. This was done under its 081Every1 Project, which the telecommunication giant launched in 2017 with the aim of connecting 100% of the country to a reliable network grid. The 081Every1 […]
Loan Holders Likely To Start Feeling Pressure From Repo Rate Hikes
By:Hertha Ekandjo Following the South African Reserve Bank (SARB) announcing an increase of the repo rate by 25 basis points, which brings the repo rate to 7.25% from 7%, Namibians indebted households and businesses should expect the domestic central bank to follow suit. An increase in the repo rate will automatically increase monthly debt repayment, […]
NamRa Collects N$2.8 Billion In Customs Revenue
By:Hertha Ekandjo The Namibia Revenue Agency (NamRa) has collected about N$2.8 billion in revenue from customs and excise for the current financial year 2022/2023 from operations between April – December 2022. This was revealed by the agency’s commissioner Sam Shivute at the occasion of International Customs Day at Oshikango in the Ohangwena region yesterday. For […]
Tower Resources To Raise Up To $6 Mln Via Share Placings
By: Staff writer Africa-focused energy company Tower Resources said it has completed an institutional placing of up to $6 million (N$102.4 million) from which proceeds will be used to fund work programme commitments for the company’s licenses in Namibia, South Africa and Cameroon. The public listed company completed an institutional placing to Energy Exploration Capital […]
Making financial resolutions work in 2023
Mignon du Preez It is incredible how many people make resolutions about getting themselves into shape when a new year begins. Very few of us, think about the ‘financial hangover’ that we are dragging into a new year and how much getting personal finances back in shape could benefit our lives. But, as in past […]
Cumulation Can Stop Africa’s Raw Export Of Resources
By:Nghiinomenwa-vali Erastus To qualify for tariff preferences under the provisions of the African Continental Free Trade Area, value addition has to happen in state parties to a certain extent. This is according to the African Continental Free Trade Area (AfCFTA) Rules of Origin, as summarised by the Secretariat. Simple packaging, assembling, ironing, sorting, peeling, sharpening, […]
Trigon’s Kombat Trend Drilling Continues To Reveal Growing Magnitude Of East 400 Area at Kombat Mine
By:Staff writer Trigon Metals announcedlast Thursday the first concentrates were produced at the Kombat mine, after 14 years of closure. “This is just one of Trigon’s achievements and milestones that would not be possible without your support,” said Jed Richardson, Trigon’s president and CEO. The results from the drilling of new mineralisation targets at its […]
Fishrot Accused Await Supreme Court Appeal Ruling
By:Justicia Shipena The defence lawyers representing six fishrot accused in a bail appeal application at the Supreme Court in Windhoek argued the continued detention of the accused is unlawful and prevents them from having a fair trial. The six fishrot accusedconsisting of former justice minister Sacky Shanghala, former Investec managing director James Hatuikulipi, former Fishcor […]