LatestNews (150)

President Hage Geingob says the recent oil discoveries by TotalEnergies and Shell off the coast of Namibia have potential to propel the country to become a major oil producer in Sub-Saharan Africa.

Namibia is poised to benefit from a codeshare agreement between British Airways and Airlink. 

Agriculture, Water and Land Reform Minister Calle Schlettwein has called out the Meat Corporation of Namibia (Meatco) for poor performance, which he attributed to the emergence of a private abattoir because of its inability to provide a lucrative market for farmers.

Vedanta Resources has announced plans to sell Skorpion Zinc in Namibia as part of a larger disposal of its international zinc operations.

Canadian gold miner B2Gold plans to invest over N$1.3 billion (US$77 million) into its Otjikoto Mine as part of capital expenditure for 2023, The Brief has established. 

The Bank of Namibia (BoN) has announced sweeping reforms aimed at strengthening the country’s banking sector.

Namibia's fruit and nut exports, primarily grapes, reached a value of over N$1.3 billion between November 2021 and November 2022, according to data from the Namibia Statistics Agency (NSA).

The Namibia Revenue Agency (NamRA) says the amount lost to an income tax refund fraud scheme has increased to N$136 million.

Noronex (NRX) has secured commitments to raise up to N$18 million through a share placement to fund exploration at its Kalahari copper belt projects in Namibia.

Namibians planning to travel should be prepared to pay higher prices for their holidays, with the average lodge in the country found to have increased their room price per person per night by 13.4%, the average game drive price by 10% per person and campsite prices have increased by 13.4% per person per night on average by December 2022, compared to December 2021.

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