Author: Staff Writer
Ratings Agency Affirms Bank Windhoek
By: Staff writer The Global Credit Rating (GCR) agency has affirmed Bank Windhoek’s Namibian long and short-term national scale issuer ratings AA(NA)/ A1+(NA), respectively. GCR Ratings (GCR) is Africa’s leading rating agency, with a rating coverage of over 500…
TotalEnergies Targets Billion-Barrel Resource at Next Deepwater Well
By: Staff Writer TotalEnergies is aiming for a potential billion-barrel resource with its upcoming deepwater well offshore Namibia, according to the company’s CEO, Patrick Pouyanne. Speaking at TotalEnergies’ strategy and outlook event in New York last week, Pouyanne revealed…
Namcor Repays Half of N$1,1 Billion Debt
By: Staff writer Namcor says it has spent N$550 million to settle some of its N$1,1 billion debt to international oil seller Gunvor. This comes after the company received a N$1.2 billion lifeline from state coffers. Namcor said…
Shapwanale, Jacobs Appointed to NYE Advisory Board
By: Staff Writer The Namibia Youth Energy Forum (NYEF) has appointed Ndapewoshali Shapwanale and Lydia Mutindi Jacobs to its Advisory Board. Jacobs has 12 years of experience in law reform, policy development, and a strong focus on the energy…
Lourette Liebenberg Awarded Estate Agent of the Year
By: Staff Writer Lourette Liebenberg of Right Move Properties was named the Nedbank Central Estate Agent of the Year at the recently held Nedbank Real Estate Awards. In addition, Right Move Properties, the agency Liebenberg represents, won the…
Australian Company Joins Madison in Cobra Uranium Project
By: Staff Writer Australian firm Star Minerals has teamed up with Canadian mining company Madison Metals to advance the Cobra Uranium Project near the Rossing Uranium Mine in Namibia’s Erongo region. The project is estimated to contain 15.6…
Economy Expands By N$4.9 Billion in Q2
By: Staff writer The Namibian economy expanded by N$4.9 billion to N$59.5 billion during the second quarter of 2024, marking a growth of 3.5%. This is however a slight decline in economic activities compared to a growth of 3.6%…
Namibia Earns N$3.8 Billion in Fish Exports for Q2
By: Staff writer Namibia generated N$3.8 billion from fish product exports during the second quarter of 2024, marking a 7.5% decline compared to N$4.1 billion recorded in the same period in 2023. According to the Namibia Statistics Agency’s…
Andrada Mining Records 83% Revenue Increase
By: Staff writer Tin and lithium company Andrada Mining has reported revenue of N$316 million (£17.9 million) in the 2023/2024 financial year. This is an 83% year-on-year increase from the N$173 million (£9.8 million) recorded in the previous financial…
FNB Wanderers Triumph in Rugby Union Semi-Finals
By: Staff Writer The semi-finals of the Windhoek Lager Rugby Premier League saw the FNB Wanderers claim a decisive 49-24 victory over FNB Kudus in the main event at the FNB WHS Vegkop Stadium in Windhoek. Despite Kudus…