Author: Staff Writer
Madison Metals Encouraged by High-Grade Uranium Assay Discoveries
By: Staff Writer Uranium exploration company Madison Metals has recently unveiled promising assay results, indicating an average uranium oxide (U3O8), also known as yellowcake, content of 2.78% at Trench 6 in the Erongo region. This discovery follows closely…
Demand for Otjomuise Plots Surges … but outlook for construction sector remains gloomy
By: Staff Writter Otjomuise has emerged as a hotspot for construction activity, recording the highest value of approved house plans by the City of Windhoek for January 2024, totaling N$18.2 million. Financial analysts at Simonis Storm Securities attribute…
Madison Metals Confirms Discovery of High Grade Uranium
By: Staff Writer Upstream uranium mining company Madison Metals has made a significant breakthrough with the discovery of high-grade uranium mineralisation at its Khan project in Madison West, located in the Erongo region. The findings, including a surface sample showing…
De Beers Reports 4% Decrease in Namibia Diamond Production
By: Staff Writer Diamond producer De Beers has disclosed a 4% year-on-year (y/y) decline in its Namibian diamond production, amounting to 0.6 million carats, attributed to slightly lower grades at its land operations. This announcement coincides with De…
Food Annual Inflation Sees Slowdown
By: Staff Writer Namibia experienced a notable slowdown in the annual inflation rate for food and nonalcoholic beverages inJanuary 2024 compared to the same period last year. The Namibia Statistics Agency in a recent report reveals that the slowdown…
Banking Forensic Expert’s Advice to Keep Cyber Criminals at Bay
By: Staff Writer FNB Namibia has issued a warning to online banking users, urging caution against cybercriminals amidst a surge in online shopping activities. Ingrid Katjiukua, the bank’s Forensic Manager, emphasised the importance of vigilance in light of…
Namibia Imports Goods Worth N$136.9 Billion in 2023
By: Staff Writer Namibia imported goods worth N$136.9 billion in 2023, marking an increase of N$7.9 billion compared to 2022, as reported by the Namibia Statistics Agency (NSA). In December 2023, the country’s imports stood at N$11.8 billion,…
Opinion: African Leaders Must Find Ways to Encourage Ongoing Oil and Gas Investments
By: Tom Alweendo As the 2023 U.N. Climate Change Conference, the 28th Conference of Parties (COP28) in Dubai drew to a close, the air was thick with determination among the 200 delegates. Acknowledging that the era of fossil…
Opinion: Trends for African telcos in 2024
By: Louis Avenant Africa’s vibrant telco sector is set for a bumper year in 2024 as it expands operations and broadens service offerings to meet the needs of an increasingly digital-savvy customer base. Industry projections estimate the African…
O&L Leisure Unveils Luxury Fleet at Mokuti Etosha
By: Staff Writer O&L Leisure has unveiled an impressive fleet of premium Land Cruisers at Mokuti Etosha, marking a strategic move to offer exclusive nature-based experiences in line with its new premium positioning. Sven Thieme, O&L’s Executive Chairman…