LONDON – Britain’s BP yesterday announced it made its biggest oil and gas discovery in 25 years off the coast of Brazil, as it shifts back to its fossil fuel business. The discovery comes as a boost to the struggling energy major as it undergoes a major overhaul to focus on its more profitable oil...
Increased supply from oil-producing countries around the world, coupled with weakened consumption stemming from economic uncertainties, are some of the factors that will see Namibian fuel prices remaining unchanged for August 2025. In addition, a slight appreciation of the Namibia Dollar compared to the US Dollar helped cushion the impact of rising international diesel prices...
The Namibia Green Hydrogen Programme is conducting a strategic environmental and social assessment (SESA) for green energy production and industrialisation under the Southern Corridor Development Initiative. This is as the Southern Corridor Development Initiative in the //Kharas region is set to become the heart of Namibia’s green hydrogen revolution. Speaking at the media briefing on...
Despite some Namibian websites ending with ‘.na’ in their domain name having experienced downtime last week, the communications regulator has dismissed any widespread outages. The technical difficulties may have stemmed from the Communications Regulatory Association of Namibia’s (CRAN’s) cancellation of UCOM Mobile Namibia’s spectrum licences earlier this year. The regulator has advised all domain owners...
The National Petroleum Corporation of Namibia (Namcor), together with its joint venture partners Rhino Resources (Operator), Azule Energy and Korres Investments, have commenced with the spudding of the Volans-1X exploration well, located offshore Namibia within Block PEL 85 of the Orange Basin. Drilling is being carried out by the semi-submersible Deepsea Mira, operated by Northern...
The Ministry of International Relations and Trade (MIRT) in conjunction with the Ministry of Industries, Mines and Energy (MIME) is undertaking regional engagements with the Namibian business community, designed to facilitate Namibia’s integration into the continental trade framework under the African Continental Free Trade Area (AfCFTA). The upcoming business engagements are scheduled to take place...
NAMIBIA stands at the tip of a new generation; one where wealth built up by baby boomers and older Gen Xers is starting to pass on to the next generation. But this is not simply an issue of wealth changing hands. It’s an issue of changing how wealth is managed, protected, and used according to...
President Netumbo Nandi- Ndaitwah said local businesses must lead the country’s development path as she reaffirmed her government’s commitment to working hand in hand with the private sector. Speaking during a courtesy visit from the executive leadership of the Ohlthaver & List (O&L) Group at State House on Wednesday, the President praised the group’s innovation...
Pricilla Mukokobi Matheus David Mobile Telecommunication Company (MTC) Maris, in collaboration with Letshego Micro Financial Services Namibia (LMFSN), yesterday launched its instant loan service product, ‘Taamba Maris’, aimed at deepening financial access and empowering communities through mobile technology. MTC Maris, derived from the Khoekhoegowab word for ‘money’, aims to revolutionise access to financial services in...
With digitalisation reshaping the insurance and financial services industry in Africa, the threat of fraud has evolved in terms of its magnitude and complexity. While institutions race to digitise procedures and embrace artificial intelligence (AI), the World Economic Forum’s 2024 Global Cybersecurity Outlook shared that fraudsters employ online platforms to target the most vulnerable: micro-enterprises,...