2023-07-04Edgar Brandt De Beers and the government of the Republic of Botswana have reached a new deal on diamond sales that will see Botswana’s Okavango Diamond Company (ODC) receive up to 50% of Debswana production over the duration of the agreement. View more
2023-07-06Edgar Brandt The usually sleepy fishing and harbour town of Lüderitz is soon set to receive a rude industrial awakening stemming from development around recently discovered offshore oil and gas reserves and the ambitious N$10 billion green hydrogen to be developed in the vicinity of the town. View more
2023-07-07Edgar Brandt ReconAfrica, the Canadian company drilling for oil in north-eastern Namibia, has squashed unsubstantiated rumours surrounding its exploration activities. View more
2023-07-11Edgar Brandt Renewable energy company, O&L Nexentury, will soon contribute 100 Megawatt (MW) of electricity through a N$1 billion solar photovoltaic (PV) investment just outside Windhoek. View more
2023-07-13Edgar Brandt The global supermajor, Shell, has reportedly made its fourth successive discovery more than 270km off the coast in Namibia’s Orange basin. View more
2023-07-18Edgar Brandt The discovery of vast oil and gas reserves by international companies TotalEnergies and Shell has catalysed a new dawn for Namibia. View more
2023-07-19Edgar Brandt China currently has 22 nuclear reactor units under construction. One such reactor would be enough to power the entire Namibia. That, in essence, is uranium’s potential as an energy source. View more
2023-07-24Edgar Brandt The Canadian company exploring for black gold in the Kavango regions, Reconnaissance Energy Africa, last week announced it managed to raise just over US$7.4 million (about N$133 million) to continue its Namibian drilling campaign. Recon exceeded initial expectations as it aimed to raise US$6.5 million. View more
2023-07-27Edgar Brandt The controversial pension preservation clause of the Financial Institutions and Markets Act (FIMA) is intended to strengthen the regulatory environment to protect pensioners. View more
2023-07-28Edgar Brandt David Nuyoma has been at the helm of the largest pension fund in the country, the GIPF, for the last 10 years, having taken up the position in 2013 when he departed the Development Bank of Namibia. During the last decade, the global pension fund industry has faced numerous challenges, but despite many obstacles, it has increased its asset base by about N$100 billion. View more
2023-08-01Edgar Brandt David Nuyoma, outgoing CEO and principal officer of the Government Institutions Pension Fund, believes valuable lessons were learned by both the fund and the regulator, the Namibia Financial Institution Supervisory Authority, from the now infamous Development Capital Portfolio saga. View more
2023-08-02Edgar Brandt An unsustainable increase in claim amounts, which adversely impacted its reserve level, was one of the main causes for the medical aid fund that caters to banks, Bankmed, going insolvent. View more
2023-08-04Edgar Brandt Investments in higher-yielding horticultural seeds, water availability and basic training for farmers should be Namibia’s focal points to substantially boost local food production. View more
2023-08-08Edgar Brandt Namibia’s new investment policy regime purposefully leverages on new investment strategies pertaining to renewable energies as it aims to resuscitate an ailing economy within updated legislation. View more
2023-08-11Edgar Brandt Osino Resources, the Canadian mining company exploring for gold in the Karibib area since 2017, this week announced the detection of significant gold deposits at its Eureka greenfields exploration. View more
2023-08-15Edgar Brandt Workers at the Peugeot plant in Walvis Bay, in which government owns a 49% stake and French automaker Groupe PSA has a majority 51% share, continue receiving their basic salaries and locally assembled vehicles are still being sold domestically despite the factory being under care and maintenance. View more
2023-08-23Edgar Brandt Paragon Aviation, the local company that has taken over ground handling operations at Hosea Kutako International Airport (HKIA) from Menzies Aviation, yesterday lashed out at Namibian media houses by alleging an “orchestrated campaig View more
2023-08-25Edgar Brandt The chaotic situation that prevailed at Hosea Kutako International Airport (HKIA) since the weekend seemingly subsided as the Namibia Airports Company (NAC) on Wednesday afternoon stated that operations were back to normal. View more
2023-08-28Edgar Brandt The Namibia Ports Authority (NamPort) plans to invest an estimated N$2 billion during the next five years as it prepares for an anticipated energy boom comprising recent oil and gas discoveries and an ambitious green hydrogen initiative. View more
2023-08-31Edgar Brandt A cable repair ship was scheduled to arrive yesterday at the site where the West African Cable System (WACS) was damaged somewhere off the coast between the Democratic Republic of Congo and Cameroon. View more
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