Author: Staff Writer
Negative Outlooks For Fish, Crop Production
By:Staff writer The outlook from Namibia’s fishing sector looks negative for 2023 mainly due to the ongoing illegal fishing by Angolan companies in Namibian waters, says Simonis Storm. It has been reported that the Namibian economy has lost billions as…
Angolans to Pay For Services Using Kwanza In Nam In The Future
By:Staff writer Namibian citizens will be able to shop and pay for services in Namibian dollars in Angola in the future. This measure once considered will also allow Angolan citizens to carry out commercial transactions in their currency in Namibian…
Indian Govt Opposes Hindustan Zinc’s $2.98 Billion Deal For Vedanta Zinc Assets
By: Staff writer The Indian government has opposed Hindustan Zinc’s planned $2.98 billion acquisition of zinc assets from top shareholder Vedanta Ltd, amid concerns over valuations and the deal being a “related party transaction”. Vedanta’s sale of its zinc assets…
Daikon Investments Acquires Namibia Plastics And Packaging Distributors
By:Staff Writer Daikon Investments (Pty) Ltd has obtained a 55.2% controlling share of Namibia Plastics & Packaging Distributors (Pty) Ltd from Johan Struwig, Co-Founder and CEO of Namibia Plastics. The closing for the transfer of shares held in Namibia Plastics…
SADC Member States Adopt Development Of Tilapia Value Chain
By:Staff writer The Southern African Development Community (SADC) Secretariat has received funding of about US$9.2 million from the African Development Bank (AfDB) for the period 2022-2025. The funding comes as Malawi, Zambia and Zimbabwe adopted the development of the tilapia…
AEC To Establish Office In Namibia To Promote Local Content, Capacity Building
By:Staff writer With Namibia’s energy sector on the precipice of rapid transformation on the back of recent oil and gas discoveries, the African Energy Chamber (AEC) will establish an office in the country dedicated to promoting local content development efforts….
Argentina Removes Namibia, Others Jurisdictions From “Non-Cooperative” List
By:Staff writer Argentina’s tax administration has announced the removal of Namibia and 14 other jurisdictions from the government’s list of low- or no-tax jurisdictions for the purposes of tax implications, pursuant to Decree 48/2023, which modifies the list provided by…
Bezant Resources Updates On Hope & Gorob Project
By:Staff writer A decision from the Ministry of Mines and Energy regarding the Hope and Gorob mining licence application ML 246 remains pending, Colin Bird, executive chairman of Bezant Resources, said last Friday. “Exclusive Prospecting Licence 5796 has been extended…
African Energy Chamber Endorses the Namibia International Energy Conference 2023
By:Staff writer The fifth edition of the Namibia International Energy Conference is set to unite Namibian energy leaders and industry professionals with global partners to discuss challenges and opportunities within the country’s evolving landscape. Scheduled for 25-27 April in Windhoek,…
Botswana Threatens To Cut Ties With Diamond Giant De Beers
By:Staff writer Botswana’s President Mokgweetsi Masisi on Sunday warned that his country may sever ties with diamond giant De Beers if talks to renegotiate a sales deal prove unfavorable to his government. The country is Africa’s leading diamond producer, and…