Kenzoll Capital, an Amsterdam-based private equity firm, has acquired the offshore mining vessel Adamastor. This acquisition marks a significant expansion into Namibia, with a focus on diamond mining in Hottentots Bay. According to a media statement, this venture is in partnership with LK Mining, which is a joint venture comprising Paragon Investment Holdings, through its...
The University of Namibia (UNAM) and Namibia University of Science and Technology (NUST) Alumni Association, in collaboration with Fortescue Namibia, recently hosted a panel discussion titled “Green Hydrogen Facts and Reality: Market Trends and Opportunities”. The panel brought together experts in the green hydrogen sector, leaders and the universities’ alumni. The panel discussion at the...
ICT minister Emma Theofelus has said that with the rolling out of 5G, and a three millionmark in a country that is less densely populated, the aim is to bring various services closer to the people. In March, Namibia, with Huawei, conducted its first 5G trial. As 5G and 5G-Advanced work their way into the...
Conrad Marais and Benita Windisch emerged victorious in the last Nedbank Windhoek Pedal Power (WPP6) Series on Sunday at Tony Rust Racing Track on the outskirts of Windhoek. In the men’s competition, Marais clocked 00:21:45 to win the first-ever WPP criterion race (crit race), ahead of Frank Klosta, who clocked 00:22:21 in second place, and...
The Ovinjange Community Project recently received a significant donation of N$88 713 from August 26 Logistics. The army company’s “Chains of Kindness” corporate social responsibility (CSR) programme selected the Ovinjange project to positively impact the community in the Kunene region. This initiative and the donation seek to solve issues such as water scarcity, while promoting...
The inaugural Global African Hydrogen Summit, which commences in the capital today, is expected to serve as a critical platform that will focus on the role Africaexpects to play in the rapidly-emerging global hydrogen sector. Ministerial delegations and trade missions from Algeria, Angola, Belgium, Burundi, Congo, Egypt, EU, Germany, Kenya, Nigeria, South Africa, Tanzania and Uganda...
The Frank Fredericks Foundation awarded scholarships worth N$85 000 to eight track and field local athletes who excelled at the Namibia Schools Sports Union National Athletics Competitions in May. The scholarships were given to motivate aspiring athletes to work towards qualifying for the World Junior Championships 2026. Schuster Julien-Ann (Hardap region), receivedN$20 000 for being...
Following last year’s announcement that Pan-African telecommunications group Paratus commenced reselling Starlink, Paratus Botswana announced that the highly- anticipated low Earth orbit (LEO) satellite connection solution is now available in Botswana. The Botswana government recently confirmed the Starlink licence approval, an event for which Paratus Botswana stated it has been preparing for several months. In...
Petrol prices will decrease by N$1.20 cents per litre, and both diesel 50ppm as well as diesel 10ppm prices will decrease by N$1.10 cents per litre. The decreases, effective as of Wednesday, 4 September, are made possible by what the energy ministry terms “improved market conditions”. These include a lower demand for oil, and a...
As the world moves towards sustainable energy solutions, Namibia stands at the forefront of the green hydrogen revolution, with vast renewable resources and strategic vision, fuelling the country’s ambitions of becoming the sustainable energy capital of Africa. The inaugural Global African Hydrogen Summit (GAH2S), scheduled for 3 to 5 September 2024 in Windhoek at Mercure...