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Author: Staff Writer

Author: Staff Writer

Paratus Secures N$578 Fibre Expansion Funding

Paratus Secures N$578 Fibre Expansion Funding

By: Staff writer Paratus Group has secured US$31-million (N$578 million) in funding to expand its fibre routes connecting Angola, Democratic Republic of Congo (DRC), Botswana, Namibia, South Africa, Mozambique and Zambia over the next three years. The funding is secured…

Cobalt Production Expected For Over 40 Years

Cobalt Production Expected For Over 40 Years

By: Staff writer Opuwo’s cobalt project could potentially produce cobalt for over 40 years. This follows the confirmation of Aim- and ASX-listed Celsius Resources’ renewal of the exclusive prospecting licence for the Opuwo cobalt project. The project is held under…

Namdeb to Purchase Six Additional E-Buses

Namdeb to Purchase Six Additional E-Buses

By: Staff Writter NAMDEB is considering the procurement of six more battery-electric buses (E-buses) over the next two years, following the introduction of Namibia’s inaugural E-bus. The company recently announced the arrival of Namibia’s very first E-bus, signifying its commitment…

Declining Trajectory in Vehicle Demand

Declining Trajectory in Vehicle Demand

By: Staff Writer NAMIBIA experienced a third consecutive month of reduced demand for new vehicles,  with 1,054 vehicles sold in September. The sales figures demonstrated a 3.7% month-on-month (m/m) decrease in September 2023, compared to the 13.2% m/m decrease in…