Author: Staff Writer
TotalEnergies to Acquire Stake Worth N$1,8 Billion in Namibia’s Oil & Gas Sector
By: Staff Writer TotalEnergies is poised to increase its stake in Namibia’s oil and gas sector with a notable deal worth N$1.8 billion. The company is set to acquire a 45.25% interest in block 2913B, home to the…
Madison Identifies High-grade Uranium at Khan Project
By: Staff writer Madison Metals’s Khan project in Namibia has the potential to contain new high-grade uranium discoveries, says chairperson and CEO Duane Parnham. The project located southwest of the Rössing mine near Arandis and fast becoming a valuable asset…
Surge in Vehicle Sales Recorded in Six Years
By: Staff Writer Namibia has witnessed a remarkable surge in vehicle sales in 2023, reaching the highest figures since 2017. Between January and November, a total of 11,944 new vehicles were sold, recording an impressive performance in the sector compared…
ECB Foresees Looming Crisis Over Pre-paid Meter Roll-Over
By: Staff Writer The Electricity Control Board of Namibia (ECB) has raised concerns about the low rollover rate of prepaid metres following the launch of its Token Identifier (TID). With a looming deadline less than a year away from the…
Political Hibernation Must End in Namibia
By: Concerned Citizen While I acknowledge this may be somewhat of a generalisation, it appears that many Namibians place an excessive amount of trust in our leaders. The habit of emerging only once every five years to vote, then…
Fish, Vegetable, Milk, Egg Prices On The Rise
By: Staff Writer The affordability of fish keeps dwindling as last month’s figures have shown that the price for fish rose by 16.9% compared to the same month last year. The largest rise is observed in dried, smoked, or salted…
Uis Lithium Ridge Licence Area Produces High-grade Spodumene Concentrate
By: Staff writer Andrada Mining has produced high-grade lithium spodumene concentrate from mineralised pegmatite material, marking a significant turn in its exploration and development efforts. The discovery was sourced from its Lithium Ridge licence area, located about 35km southeast of…
Uis’ Pilot Plant Yields 10t Lithium Concentrate
By: Staff writer Andrada’s Uis lithium pilot plant has yielded production of 10t of on-specification saleable lithium concentrate. The commissioning of London-listed technology metals mining company Andrada’s pilot plant, located adjacent to the main tin processing plant at its Uis…
2023 Records N$400 Million Drop in Approved Building Plans
By: Staff Writer The cumulative value of approved building plans between January and October this year has seen a decline of N$400 million compared to the same period last year, according to an analysis by Simonis Storm Securities (SSS). So…
Coastal Hospitality Sees Surge in Occupancy Rates
By: Staff Writer Last month, the coastal region of Namibia experienced a significant upswing in tourism, marking the highest occupancy rates in the sector at 71.9%, according to financial analysts Simonis Storm Securities. This achievement, surpassing 70%, is noteworthy as…