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Namibia and Botswana will next week hold an inaugural bi-national commission (BNC) in Gaborone, Botswana to be attended by President Hage Geingob.

Mines Energy minister Tom Alweendo says oil discoveries off the coast of Namibia by two oil majors are of commercial quantities, likely in the billions of barrels, with production expected in four years.

Königstein Capital, which has so far invested over N$100 million in Mashare Blueberry production, is planning to increase its investment to over N$1 billion in the next 10 years.

British multinational oil and gas company Shell Plc has contracted Northern Ocean's Deepsea Bollsta to carry out drilling offshore Namibia under a 12-month contract.

TransNamib and the Namibia Transport and Allied Workers Union (NATAU) on Friday reached a wage agreement that is expected to end a crippling industrial action.

Barclays raised nearly R10.7 billion from the sale of its remaining stake in Absa, exiting an investment it made in 2005 and marking its second retreat from the region. 

Cashbuild is closing its two underperforming stores in Zambia, which has proven to be a tough trading environment for the building materials retailer, said CEO Werner de Jager.

The City of Windhoek says it has no plans to install a 5G network in the capital, but will move ahead with the operationalization of its fiber project.

Swakop Uranium says it is yet to reach a break-even-point in its local operations after investing approximately N$89.4 billion (U$5.2 billion) in Husab mine over the years.

Cleanergy Solutions Namibia (Cleanergy) is targeting to sell its hydrogen products to heavy duty equipment companies within the Walvis Bay area.

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