BAMAKO – Authorities in junta-led Mali are selling gold from a major mine seized from Canadian firm Barrick last month, with the aim of restarting operations, official sources told AFP Thursday. A court ruled in June that the western Loulo-Gounkoto mine, one of the world’s largest gold complexes, would be managed for six months by...
MAPUTO – Construction on a stalled US$20 billion gas project by TotalEnergies in Mozambique is edging closer to restarting, four years after it was suspended due to a bloody jihadist insurgency. The French oil giant has said it hopes to re-ignite the project this summer, and chief executive Patrick Pouyanne is expected in the capital,...
The Mining Expo & Conference, Namibia’s premier mining industry event, will return to the Windhoek Showgrounds from 5 to 7 August 2025, with the country’s extractive sector. Sponsored by Rand Merchant Bank (RMB), the flagship event has been expanded to three full days in response to overwhelming demand from exhibitors, investors, and industry stakeholders. The...
LAGOS – The four richest Africans are wealthier than about half of the continent’s 750 million people, anti-poverty charity Oxfam said in a report published on Thursday, warning widening inequality is hampering democracy. Oxfam named only Nigerian billionaire Aliko Dangote, the continent’s richest man, in its report. But according to Forbes, the top four are...
PARIS – The OPEC oil cartel yesterday stated that demand for crude will continue to expand through at least 2050, calling efforts to rapidly shift away from fossil fuels an unworkable fantasy. In its latest annual report on the outlook for oil demand, OPEC sees global oil demand rising by 18.6% from 103.7 million barrels...
The Ohlthaver & List Group (O&L) has welcomed 13 new graduates into its 2025 Emerging Talent programme, reinforcing the group’s commitment to developing the country’s future workforce and addressing the critical challenges of youth unemployment, which is estimated at over 37%. According to the Namibia Statistics Agency, the youth unemployment rate is higher among those...
The Central Procurement Board of Namibia (CPBN) has concluded a N$121 million procurement contract with Intelsat Ventures, on behalf of the Namibia Broadcasting Corporation (NBC), for the implementation of Direct-To-Home (DTH) Transmission Services. The contract signing marks a significant milestone in Namibia’s efforts to enhance nationwide broadcasting capabilities and ensure equitable access to radio and...
The Namibia Investment Promotion and Development Board (NIPDB) and the Namibia Standards Institute (NSI) signed a Memorandum of Understanding (MoU) on Wednesday, to strengthen cooperation between the institutions and focusing on joint efforts to support standardisation, improve market readiness for Namibian products and enhance the ease of doing business. NSI chief executive officer Eino Emvula...
Canadian miner B2Gold Namibia will scale down employment by approximately 400 jobs at its Otjikoto Gold Mine by the end of 2025 due to a transition from open pit to underground mining. It will, however, continue to look for new projects in the country and has set its sights on the nearby Antelope deposit. Located...
Isabel Bento WALVIS BAY – A high-level Green Investment Dialogue will take place in Walvis Bay from 10 to 13 July. It will bring together parliamentarians and energy leaders from six African countries.The three-day event will place a spotlight on the role of green hydrogen in Africa’s future energy and industrial landscape and aims to...