Author: Staff Writer
Chinese Firm Acquires Dundee’s Tsumeb Smelter
Staff Writer A subsidiary of the China-based mining company Sinomine Resource Group has finalised the purchase of Dundee Precious Metals’ Tsumeb specialty smelter for N$917 million. The acquisition encompasses all associated assets and liabilities, achieved through the transfer of…
Local Food Prices Show a Decline
By: Staff Writer Inflation rates across all regions of Namibia decelerated in February 2024, with the country’s annual inflation rate for the month standing at 5.0% year-on-year (y/y), down from 7.2% recorded in February 2023 and 5.4% in…
IUM Reaches New Heights, Says Namwandi
By: Staff Writer Founder and chairperson of the governing council of the International University of Management (IUM), Dr. David Namwandi, says that the institution has achieved unprecedented milestones in terms of its programs and student intakes. Speaking at…
TotalEnergies Acquires New Exploration Licence for a Block in the Orange Basin
By: Staff Writer French energy giant, TotalEnergies and state-owned QatarEnergy, have secured participating interests in Block 3B/4B offshore South Africa, bolstering their footprint in the region. In anticipation of offshore exploration endeavours within this block, TotalEnergies and its…
Angola’s Karam Seeks N$1 Billion Investment in Namibia … promises 350 job opportunities
By: Staff writer Karam, a diversified company with steel, nails, and pipes operations in Luanda and other regions of Angola, has expressed keen interest in investing in Namibia with a proposed investment totaling N$1 billion. The investment proposal…
Namibia to Mirror Angola’s Oil & Gas Industry Approach
By: Staff Writer President Nangolo Mbumba says Namibia will adopt Angola’s model for oil and gas development. Mbumba made this declaration at the conclusion of his one-day official visit to Angola on Tuesday. The visit culminated in a…
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…
MTC Supports Luderitz Crayfish Festival with N$115,000 Donation
By: Staff Writer The Mobile Telecommunications Ltd (MTC) has extended its Corporate Social Responsibility efforts to the ||Karas region with a generous commitment of N$115,000 to support the successful hosting of the renowned Luderitz Crayfish Festival. The company’s…
Windhoek Allocates 227 Erven for New Township
By: Staff writer The Windhoek Municipality has earmarked 25 hectares, comprising 227 erven, for the establishment of a new township within the city, to be named Rocky Crest Extension 8. This initiative by the City of Windhoek aims…
Increased Transaction Fees and Loan Book Expansion Drive Capricorn Group’s Profits
By: Staff Writer Capricorn Group, the parent company of Bank Windhoek, has reported a substantial increase in profits after tax, amounting to N$827.6 million for the period between July 1st and December 31st last year. This marks an 18.5%…