Author: Staff Writer
Fishrot Accused Await Supreme Court Appeal Ruling
By:Justicia Shipena The defence lawyers representing six fishrot accused in a bail appeal application at the Supreme Court in Windhoek argued the continued detention of the accused is unlawful and prevents them from having a fair trial. The six fishrot…
Paratus Plans Investing Multi-Million Dollars In Infrastructure Development During 2023
By:Staff writer Paratus Telecommunicationsis keen to invest a further N$280-million on a number of capex projects during 2023, which will bring the capital spent into infrastructure development to N$740 million since 2021. According to the company’s Chief Financial Officer Stefan…
Construction Sector Sees Fifth Straight Quarterly Decline
By:Staff writer The construction sector continues to face challenges after it recorded its fifth consecutive quarterly decline in the third quarter of last year, contracting by 10.0% year on year (y/y) in 3Q2022. According to Simonis Storm analysts, construction companies…
China-built Namibian Railway Renovation Project Completed
Staff writer The restoration of the railway line between Walvis Bay and Kranzberg at Arandis in Namibia, with a total length of nearly 110 kilometers, by a Chinese construction company was completed on last Tuesday. The project was undertaken by…
Record Production For B2Gold In 2022 Fourth Quater
By:Staff writer B2Gold’s Wolfshag underground mine in Otjikoto has helped the mining company report a new quarterly production record, with fourth-quarter output of 367 880 oz. According to the company, gold production from the Otjikoto Mine of 60,068 ounces in…
Uis Ramp Up Takes Effect for AfriTin
By:Staff writer Andrada Mining, formerly AfriTin Mining, on Monday reported record levels of concentrate production at its Uis tin mine in November, according to its latest quarterly update. The company, which operates the Uis tin mine in Erongo region, reported…
Geingob Snubs Davos’ 2023 World Economic Forum
By:Staff writer President Hage Geingob will not be travelling to the World Economic Forum (WEF) in Davos, Switzerland, this time around, as world leaders and chief executive officers flock to discuss the fate of the global economy amid the Russo-Ukrainian…
Is Load Shedding A Near Reality For Namibia? … as its electricity suppliers South Africa, Zambia and Zimbabwe face drastic power cuts
By:Staff writer In the wake of the rationing of electricity supply in Zambia, there is fear of dark days ahead for Namibia as the latter imports 180 megawatts (MW) from its neighbour. However, acting managing director of NamPower, Kandali Iyambo…
Golden Deeps Produces High-grade Battery Metal Cncentrates In Abenab Project Test Work
By:Staff writer Golden Deeps Ltd, an emerging explorer-developer focused on the world-class Otavi Mountain Land copper district of Namibia, has produced high-grade battery metal concentrates in metallurgical test work on samples from the Abenab vanadium-lead-zinc project in Namibia. The company…
Nam Ranked Among Africa’s Most Advanced Countries
By:Staff writer A US-based financial website has placed Namibia among the 12 most advanced countries in Africa able to use their natural resources to boost their economies. A recent report posted on its website, Insider Money, an organisation headquartered in…