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NIPDB Eyes N$50 Billion Through Resident By Investment Programme
By:Hertha Ekandjo, Nguriye Katusuva Namibia should look for investors that will set up manufacturing bases to allow for production of its natural resources and minerals from raw materials to finished goods. This was the view of economist and former interim Agro-Marketing and Trade Agency (Amta) Managing Director Solomon Hei on the Residence by Investment Programme […]
Electrification Will Drive Copper Demand To 36.6 Million Mt
By:Nghiinomenwa-vali Erastus With metals demand ramping up rapidly in the face of the energy transition, new processing technologies can help meet the supply shortfall from existing operations, said McKinsey’s & Company in a mid-February article titled, “Bridging the copper supply gap”. The global management consulting firm predicts global electrification to increase annual copper demand to […]
Walvis Bay To Receive Multi-Million Dollar Oil And Gas Academy
By:Hertha Ekandjo An Angolan oil and gas operational solution-providing company, Operatec, has partnered with Namibians in constructing a multi-milliondollar marine and industrial academy at the coastal town of Walvis Bay. The academy will be setup at an initial cost of about N$9.2 million, making it the fourth of its kind in Africa. One of the […]
Namibia Stresses Green Hydrogen Ambitions, Plans
By:Staff writer Namibia sought to become the sustainability hub of Africa and aimed to become the first carbon-neutral country on the continent. This was highlighted on Wednesday by Namibia Investment Promotion & Development Board executive director: investments and new ventures François van Schalkwyk. He was addressing an Invest in Namibia Roundtable, which was a side […]
Nampower Localised Preferential Procurement Increased By N$87 Million
By:Nghiinomenwa-vali Erastus Nampower has procured more from local entrepreneurs, especially those that are owned by previously disadvantaged Namibians, during the 2022 financial year. According to the power utility’s annual report, the company has increased its localised preferential procurement by N$87 million, compared to an increase of N$1.3 million in 2021. As a result, the company […]
Nam’s Jan Export And Import Bill Results In N$2.9 billion Trade Deficit
By:Justicia Shipena The Namibia Statistics Agency (NSA) Namibia’s export and import bill for January 2023 resulted in the country’s trade deficit of N$2.9 billion, with exports standing at N$7.0 billion and imports at N$10.0 billion. The NSA bulletin showed that during January 2023 exports decreased by 24.7% from its value of N$9.3 billion recorded in […]
Bots Military Army Imports Contributes To Growth Of Walvis Port …as container exports and imports increase
By:Justicia Shipena The Namibian Ports Authority (Namport) has announced an increase in container exports and imports of various commodities in its February 2023 quayside bulletin. According to the abulletin, charcoal has shown a 39% increase in volume due to high demand in the European markets. Copper exports experienced a 16% increase. “This is due to […]
KODO Drilling Receives Two New Rigs
Staff writer Emerging Namibian drilling contractor KODO Drilling has taken delivery of two Leopard DI650i surface drill rigs from global engineering company Sandvik Mining and Rock Solutions’ Namibia branch. The rigs – the first to be delivered to the country – will be put to work at an opencast gold mine, where KODO Drilling is undertaking down-the-hole (DTH) production drilling. The units arrived at the mine site in early November. According […]
Africa Oil Posts 2022 Financial Results After ‘A Very Positive Year’; Issues Reserves Statement
By: Staff writer Africa Oil Corp has released financial results for the three months and the year ended December 31, 2022, together with its 2023 management guidance, a drilling update on its offshore interests in Namibia and Nigeria, and, separately, its 2022 statement of reserves. Africa Oil Corp president and CEO Keith Hill says 2022 was a positive […]
What Namibia Can Learn From Qatar On Gas Development And Monetisation
By:NJ Ayuk When I was working on my 2019 book, ‘Billions At Play: The Future of African Energy and Doing Deals’, I wrote that Qatar was well on its way to achieving its goal of becoming the “Gas Capital of the World.” The tiny country is home to some of the largest gas-to-liquid (GTL) plants […]