MINEs and Energy minister Tom Alweendo said the potential for green hydrogen to transform Africa’s energy landscape is increasingly recognised, with calls for collaboration rather than competition among nations. As Namibia positions itself as a key player in this emerging sector, he said the Africa Continental Free Trade Area (AfCFTA) is a crucial vehicle to...
Engaging the Chinese business community from various sectors, President Nangolo Mbumba today highlighted Namibia’s favourable investment climate, inviting them to do business in the country. Mbumba is in Beijing, China for the ninth Forum on China-Africa Cooperation, which starts today and ends on Friday.Photo: Namibian Presidency
Trustco Group Holdings Limited on Monday announced the results of a technical report for the Meya Diamond Mine Project in Sierra Leone. Trustco stated the technical report, dated 26 August 2024 with an effective date of 19 August 2024, was prepared at a preliminary economic assessment (PEA) level. “The PEA indicates favourable economic potential with...
European Union (EU) commissioner for energy Kadri Simson is in Namibia this week, and will travel to South Africa next Monday to enhance the EU’s energy relations with these countries. The visit to Namibia follows the endorsement of a roadmap for the EU-Namibia strategic partnership on sustainable raw materials value chains and renewable hydrogen by...
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...
Richwell Lukonga Over the years, Namibian agencies have sought to harness the country’s natural resources to enhance economic growth. Namibia Industrial Development Agency (Nida) was established by Parliament through Act 16 of 2016 to spearhead industrial, agribusiness and business infrastructure development, as well as to facilitate investment attraction. Nida has made the industrialisation of Namibia...
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...
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...