LatestNews (150)

The Development Bank of Namibia (DBN) has called for the remodelling of the country’s financing system to spur economic growth.

London Stock Exchange-listed firm, AfriTin Mining, says its exploration activities in Namibia have confirmed the presence of significant lithium, tin and tantalum mineralisation. 

 TotalEnergies is considering the possibility of bringing two rigs into Namibia to accelerate appraisal and exploration drilling of its oil find in the country later next year. 

Namibia Dairies, a subsidiary of the Ohlthaver & List (O&L) Group, has launched a new look for its Nammilk fresh and long-life milk after the company had moved production from South Africa earlier in the year. 

French hospitality group Accor, which has been given management rights for the Safari Hotels and Conference Centre following its acquisition by Kasada Capital Management last year, says it has embarked on a N$100-million phased refurbishment exercise for the hotel.  

 The Bank of Namibia (BoN) and the Reserve Bank of Zimbabwe (RBZ) are planning to formally establish cooperation in the areas of fintech and innovation. 

The City of Windhoek approved a total of 262 building plans in October valued at N$157.4 million, up 10.5% from the 237 building plans approved in September. 

Industrialisation and Trade Minister Lucia Iipumbu has called for value addition on raw materials to allow for the development of the manufacturing sector.

 Australian Securities Exchange (ASX) listed Noronex has received commitments to raise up to N$17.3 million (A$1.5 million) through a share placement to fund exploration at its Kalahari Copperbelt projects in Namibia.

The Bank of Namibia (BoN) has launched a Cybersecurity Industry Council that is expected to play a critical role in protecting the country’s financial industry from cyberattacks.

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