Namib Mills, one of the leading staple food suppliers in the country, has temporarily removed its Top Score Instant Porridge from shelves in both South Africa and Namibia. The drastic action comes after serious allegations that the Namib Mills product may have been responsible for the deaths of three toddlers, and the hospitalisation of a...
Sintana Energy, a public Canadian oil and gas exploration company focusing on Africa and South America, is preparing to commence a four-well drilling programme targeting the Mopane complex in the Orange Basin off the Namibian coast. Sintana’s drilling campaign, which follows earlier oil discoveries in the vicinity, will investigate developing the oil and gas resources on...
The Ineos Grenadier, inspired by the original Land Rover Defender of the 1980s, is not a typical luxury sport utility vehicle (SUV) because even the entry-level model, known as the TrialMaster, is about as no-frills as a modern SUV can be. Despite the no frills, this entry-level model still gives all competitors in the same...
The new tax relief measures, through which domestic thresholds have been adjusted that will result in many Namibians qualifying for refunds, were gazetted on Monday this week. This means the implementation of the new tax regime, which is estimated to directly inject more than N$640 million into the pockets of Namibians, is immediate and the...
Collaboration between the governments of Namibia and Botswana continues to bear fruit for citizens and businesses of both countries through last week’s announcement of a substantial reduction of mobile roaming charges. The move by the two countries, which was embarked on about a year ago, signifies a major step towards realising enhanced regional connectivity and...
THE capital city’s failed attempt at establishing functional bicycle lanes – conspicuous by the remnants of broken cones along the road – is being reviewed as the City of Windhoek intends to replace the botched system with a more robust but still cost-effective alternative. Meanwhile, Horst Heimstädt of the Namibia Road Safety Forum stated the...
Bannerman Mining Resources (Namibia) (Pty) Ltd has identified the heap leaching process as the best method to extract uranium from its highly-anticipated Etango Uranium project. What remains a concern for the Australian mining giant is to raise the initial capital injection of about US$350 million to develop the promising Etango project that has the potential...
The Bank of Namibia (BoN) has refuted a statement from Trustco Group Holdings (TGH), the parent company of Trustco Bank Namibia (TBN), that depositors’ funds are guaranteed and held by it. This is after TGH on Friday announced its decision to exit the investment in its commercial banking portfolio, which the group stated accounts for...
The Namibian Competition Commission (NaCC) has approved the proposed merger between Hong Kong-based Sinomine Rare Metals Resources Co. Limited and Dundee Precious Metals (DPM) Tsumeb Holding (Pty) Limited, with conditions. Sinomine Resource Group recently concluded deals to purchase controlling interests in a copper mine in Zambia, and earlier this year purchased Dundee’s copper smelter in...
The skyline in Windhoek’s central business district (CBD) is set for a major makeover, as construction has officially commenced on the Capricorn Group’s new 13-storey landmark building. The groundbreaking ceremony on the corner of Independence Avenue and Kasino Street took place on Tuesday morning in what the group called a “historic milestone” for what will...