Tom Alweendo, the Minister of Mines and Energy, will lead a Namibian delegation to the 2023 Invest in African Mining Indaba in Cape Town, South Africa.

Tenants should ensure that they read and understand the lease agreement before signing because it is a legally binding document.

The NAMDIA Foundation has officially handed out 14 bursaries to its beneficiaries under its N$2.8 million bursary scheme on Friday.

Hyphen Hydrogen Energy (Hyphen) has signed non-binding Memorandums of Understanding (MoUs) with two major industrial companies with the aim of providing them with up to 750,000 tonnes of green ammonia annually.

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Namibia’s small to medium enterprises (SMEs) have so far accessed only 1.28% of the N$500 million Covid-19 loan scheme due to stringent qualifying criteria, high lending rate and poor visibility and reach of the scheme among others, it has been found.

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Namibian businesses and individuals have racked up debt of over N$110.5 billion as of December 2022, according to the latest Private Sector Credit (PSCE) figures.

Deep Yellow’s expected capital investment in the Tumas uranium project in Namibia has increased to N$6.4 billion (US$372 million) from N$4.7 billion estimates in 2021, according to its latest definitive feasibility study (DFS).

The Meat Corporation of Namibia (Meatco), is facing significant financial challenges, according to a recent organisational review conducted by consultancy firm Ombu Capital.

Namibia’s trade with the rest of the world totalled N$225 billion last year compared to N$161.1 billion recorded in 2021.

Andrada Mining Ltd. said Thursday it had found significant pegmatite mineralization, as well as some lithium mineralization at its Uis mine in Namibia as part of its lithium and tantalum drilling program.

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