Author: Staff Writer
Government Debt Reaches N$123 Billion
By: Staff Writer Namibia’s government debt rose to N$123.51 billion by the end of September, an increase of N$2.04 billion by October. Analysts at Simonis Storm Securities (SSS) attributed most of the growth to fixed-rate bonds (GCs), which…
//Kharas, Erongo, Hardap, Omaheke Dig Deepest into Pockets for Beef Stew
By: Staff writer People in the //Kharas, Erongo, Hardap, and Omaheke regions paid the most for beef stew per kg at N$96.71 in September 2024. Residents in these regions also paid the most for 750ml white wines in bottles,…
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…