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Africa Oil Focuses Nigerian And Namibian Orange Basin Assets
The Canadian full-cycle upstream oil and gas company is maintaining its primary focus this year on its Nigerian and Namibian Orange Basin assets Africa Oil Corp is a top-tier performer with high-quality producing assets and a strong balance sheet. Equally important, the Canadian oil and gas company is a promising way to play the oil patch […]
ReconAfrica To Explore New Play In Kavango Basin
By: Staff writer Reconnaissance Energy Africa Ltd. (ReconAfrica) has applied for drilling permits to explore a new play in the Damara Fold Belt in southern and western parts of exploration license PEL 73, Kavango basin, Namibia. The belt, initially identified southwest of Karoo Rift basin, consists of a prominent and clearly imaged series of Whaleback […]
Namibia Exports N$2 Billion Diamonds In Feb …Precious stones, fish help cut back trade deficit
By:Staff writer Diamonds were Namibia’s largest exported commodity at N$2.0 billion in February. This accounted for 24.7% of all exports for the month, and mostly destined to Botswana, Belgium and the United Arab Emirates. Overall exports increased by 3.8% from the N$7.8 billion recorded in January 2023. Additionally, exports increased by 1.6% from N$8.0 billion […]
Production Cuts By Saudi Arabia Oil Giants A Threat To Pump Prices In Nam
By:Justicia Shipena The cutting of oil production by oil producers led by Saudi Arabia could come as a curse for fuel consumers in Namibia, as the Mines and Energy Ministry says it could spike prices. This week, major oil producing countries led by Saudi Arabia announced a surprise production cut from May of more than […]
Mines And Energy Ministry To Inject N$23 Million To Promote Exploration
Justicia Shipena The Ministry of Mines and Energy will use N$23 million for the promotion of investment in exploration, the deputy Minister Kornelia Shilunga said in the National Assembly while motivating the Ministry’s 2023/2024 budget. The Ministry requested a budget allocation of N$250.7 million for the financial year 2023/2024. Namibia has seen a peak in […]
To What Extent Should We Allow Mining To Touch Other Sectors?
By:Nghiinomenwa-vali Erastus Various communities in Erongo and Kavango regions have questioned the mining activities in their areas and its impact on their future livelihoods. The latest is the Daures community in the Erongo region that petitioned the Ministry of Mines and Energy regarding potential illegal mining activities in their constituency from certain mining licence holders. […]
Telecom Namibia ReadiesTo Deploy 5G Services Using Its Fibre Network
By:Staff writer Telecom Namibia, which recently celebrated its milestone 30th anniversary says it is committed to deploy a fifth generation (5G) network in the country. The company aims to spearhead a digital transformation journey to support the country’s Vision 2030, Fourth Industrial Revolution, the fifth National Development Plan and Harambee Prosperity Plan II objectives — […]
Electric Power Generation And Distribution Inflation Spikes
By:Justicia Shipena The annual inflation for Namibia’s electric power generation, transmission and distribution declined in the fourth quarter of 2022. This is according to the Namibia Statistics Agency (NSA) in its recently released Namibia Producer Price Index bulletin. The bulletin stated that in the same period the index for electric power generation, transmission and distribution […]
Africa’s Mining Leaders Heading To Paris For Mining Conference
By:Staff writer Africa’s leaders are set to meet European stakeholders in the mining sector in Paris, France, for the sixth Mining On Top Africa (MOTA) conference from 12-13 July 2023. The conference will allow leading stakeholders across Europe to connect with mineral and metal exploration companies from Africa, to drive collaboration and partnerships for sustainable […]
Exploitation of Resources Cannot Continue As Business As Usual – Alweendo
By:Mauricia Koopman Minister of Mines and Energy Tom Alweendo says that Namibian institutions, political system, and legal framework are such that there is no reason why the oil discovery and production of green hydrogen should not be a blessing for the country. Alweendo said at the recently concluded Namibia Institute of Corporate Governance (NICG) conference […]