Reconnaissance Energy Africa (ReconAfrica) is progressing with its onshore exploration, although at a slightly slower pace than anticipated due to delays caused by slower drilling rates. The Canadian oil and gas company, which is exploring in the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert in northeastern Namibia and northwestern Botswana, last...
The African Continental Free Trade Area (AfCFTA) secretariat, in collaboration with the industrialisation and trade ministry, last week convened the 10th Meeting of the Committee on Investment in Windhoek. The meeting, which ran from 1 to 4 October 2024, aimed to review and consider a draft of the annex on the Rules and Procedures for...
The National Petroleum Corporation of Namibia (Namcor) has partnered with global energy technology company SLB. This agreement marks a significant milestone in strengthening the collaboration between Namcor and SLB, aligning both entities towards mutual goals in the energy sector, including sustainability, decarbonisation and new energy opportunities. The multi-year deal covers a broad scope of collaboration,...
The results are in! The International Trade Centre (ITC) announced that the Namibia Investment Promotion and Development Board (NIPDB) was selected as the runner-up of the WTPO Awards 2024 under the category ‘Best Initiative to Ensure that Trade is Inclusive and Sustainable’. The WTPO Awards, which celebrate innovation and leadership in trade promotion, recognise Trade...
The Namibia Financial Institutions Supervisory Authority (Namfisa) has designated October as Consumer Protection Month, aimed at educating consumers about their financial rights and obligations. This initiative provides a valuable platform to highlight the critical importance of protecting and upholding consumer rights, shielding them from market misconduct, and ensuring they are informed about their responsibilities when...
The Nedbank for Good Series is set for a thrilling conclusion on 4 October, where the top 20 players from the preliminary rounds will go head-to-head in the finals at Omeya Golf Club. The 2024 edition of the Nedbank for Good Series took its first tee in March, where Likius Nande and Cehesta Walters emerged...
The Government Institutions Pension Fund (GIPF) has informed its taxpaying and qualifying pensioners as well as spousal and child beneficiaries that the fund will make tax payment relief refunds on 28 November 2024. This is in accordance with the Income Tax Amendment Act, 2024 and the Government Gazette (No. 8442, 16 September 2024), effective 1...
South African Airways (SAA) will commence a third daily frequency connecting Windhoek to Johannesburg from 27 October 2024. This means daily services between Johannesburg ORT (JNB) and Hosea Kutako International Airport (WDH) commence just before 06h00 with the last flight departing Windhoek just before 18h00. “Air Connect Namibia welcomes the announcement of an additional third...
At the Namibia Investment Promotion and Development Board’s (NIPDB) annual general meeting held on 23 November 2023, Minister in the Presidency Christine//Hoebes indicated that following the completion of its initial 24-month operationalisation strategy, the NIPDB has effectively outgrown its infancy stage. As such, the minister directed the Advisory Board to review the entity’s governance structure,...
Diesel prices in Namibia will tomorrow dip below the intimidating N$20 per litre mark, while petrol prices are fast approaching the significant cost barrier. This is as the mines and energy ministry announced that petrol prices and the diesel prices of both variants (diesel 50 parts per million (ppm) and diesel 10ppm) will decrease by...