Business Express

18/12/2024

PICTURES: Port of Walvis Bay Welcomes Q7000 oil drill rig

The Port of Walvis Bay recently welcome the Q7000 oil rig which arrived at the Port on December 16, 2024, and is currently docked at Berth 8. This visit marks a key stop for the rig as it undergoes hull cleaning operations. After its journey from Australia, the Q7000 is now en route to Brazil, where it is set to participate in a significant drilling campaign.



Pic credit: The Namibian Ports Authority - Namport

17/12/2024

Namibia’s Owambo Basin emerges as a new oil promise after Orange

In the oil sector, Namibia recently gained attention due to significant discoveries in the offshore Orange Basin. Now, focus is shifting to the onshore Owambo Basin, where encouraging signs of oil and gas presence are emerging.

Independent explorer Monitor Exploration Ltd (MEL) revealed on Tuesday, December 10, 2024, preliminary results from its 2D seismic survey conducted in July. Covering 200 kilometers in its onshore PEL 93 license area, which spans a total of 18,500 km², the analyses highlighted the potential of 11 promising prospects. These zones, representing over 1,000 km², could hold commercially viable resources.

https://nambusinessexpress.com/?p=8270

17/12/2024

State-of-the-art Information Technology will power Namibia's energy sector

By Kehad Snydewel

Namibia has become a hotspot for oil and gas activities. A 'boom' seems just a matter of time, with major companies like Chevron and Halliburton recently opening offices in the country. The oil and gas sector are putting down roots, which is excellent news for Namibian companies and Namibians. It will create employment and business opportunities, not least from an ICT perspective, leveraging technology to support and help develop the projects.

https://nambusinessexpress.com/?p=8282

17/12/2024

Aldoro Resources expands niobium mineralisation at Kameelburg project in Namibia

Aldoro Resources has further confirmed the niobium potential of its Kameelburg project in Namibia.

New assay results from a pre-drill sampling program have identified a direct line length of 190 metres, with samples returning an average grade of 0.70% niobium pentoxide.

Other assays received have confirmed the entire 262m of the line is mineralised with niobium at an average grade of 0.52%.

https://nambusinessexpress.com/?p=8285

17/12/2024

Cuba and Namibia to establish Intergovernmental Commission

With the signing of a new agreement, with the presence of their leaders, Cuba and Namibia are committed to the establishment of an Intergovernmental Commission to strengthen ties between the two nations.

The signing ceremony was led by Miguel Diaz-Canel Bermudez, first secretary of the Central Committee of the Communist Party of Cuba and president of the Republic of Cuba, and Nangolo Mbumba, president of the Republic of Namibia.

https://nambusinessexpress.com/?p=8273

17/12/2024

Nedbank Namibia honours long-serving employees at annual Long-service Award Ceremony

Nedbank Namibia hosted its annual Long-service Award Ceremony at the Nedbank Campus in Windhoek earlier this month.

The event honoured employees who had achieved service milestones ranging from 5–35 years, recognising their invaluable contributions to the bank’s growth and success.

https://nambusinessexpress.com/?p=8279

15/12/2024

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15/12/2024

Australian oil firm enters talks to explore Nam oil block

Australian based Global Petroleum, an AIM-listed oil and gas upstream exploration company presently focused on Africa and the Mediterranean, has engaged in discussions to secure a farm-in agreement with an undisclosed potential operating partner for its petroleum exploration license (PEL) 94 in Block 2011A in the Walvis Basin, off the coast of Namibia.

Australian based Global Petroleum, an AIM-listed oil and gas upstream exploration company presently focused on Africa and the Mediterranean, has engaged in discussions to secure a farm-in agreement with an undisclosed potential operating partner for its petroleum exploration license (PEL) 94 in Bloc...

15/12/2024

Emilia Nghikembua named Young African Leader of the Year

Emilia Nghikembua, CEO of the Communications Regulatory Authority of Namibia (CRAN) has been named the Young African Leader of the Year by the African Leadership Magazine.

Nghikembua emerged victorious ahead of other nominees of the recognition including Mohamed Ahmed Abdulle, Managing Director, Dakawou Transport Limited, Kenya; Bella Dissu, Vice Chairman, Globacom, Nigeria; Amina Priscille Longoh, Minister of State for Women and Early Childhood, Chad and Esha Mansingh, Executive Vice-President, Imperial Logistics Limited, South Africa.

Emilia Nghikembua, CEO of the Communications Regulatory Authority of Namibia (CRAN) has been named the Young African Leader of the Year by the African Leadership Magazine. Nghikembua emerged victorious ahead of other nominees of the recognition including Mohamed Ahmed Abdulle, Managing Director, Dak...

15/12/2024

Elevate Uranium’s U-pgrade demonstration plant imminent

Ongoing metallurgical beneficiation test work using ore from Elevate Uranium’s Koppies project in Namibia will inform the design of the company’s proposed U-pgrade demonstration plant.

Six tonnes of uranium samples excavated from bulk test pits at the Koppies resource have been sent to a laboratory in Perth for the test work.

Detailed mineralogical analysis of each sample is in progress, along with bench-scale testing of the primary composites.

Ongoing metallurgical beneficiation test work using ore from Elevate Uranium’s Koppies project in Namibia will inform the design of the company’s proposed U-pgrade demonstration plant. Six tonnes of uranium samples excavated from bulk test pits at the Koppies resource have been sent to a laborat...

15/12/2024

Star shareholders give greenlight for Cobra project in Namibia

Star Minerals shareholders have voted through the company’s proposed joint venture (JV) agreement to earn up to 85 per cent of the Cobra uranium project in the world-class Erongo district of Namibia.

The project lies just 5km from Rossing, the world’s longest running uranium mine and is surrounded by further world-class operations including the Husab mine (previously the Rossing South mine) and Paladin Energy’s Langer Heinrich project.

https://nambusinessexpress.com/?p=8251

15/12/2024

PyroCCS and Atmosfair join forces to scale biochar CDR in Namibia

PyroNam, a subsidiary of the German climate tech company PyroCCS, and the German non-profit organization atmosfair have teamed up in a partnership to scale biochar carbon dioxide removal (CDR) in Namibia.

As part of a long-term vision that entails the development of multiple new high-tech industrial biochar projects across the country, the two partners are already working on their first collaborative project on the Nog Verder Farm in the Otjozondjupa region of Namibia.

PyroNam, a subsidiary of the German climate tech company PyroCCS, and the German non-profit organization atmosfair have teamed up in a partnership to scale biochar carbon dioxide removal (CDR) in Namibia. As part of a long-term vision that entails the development of multiple new high-tech industrial...

15/12/2024

Fly Angola to commence flights to Namibia

FlyAngola will launch its first international route from Benguela (Catumbela airport) to Windhoek, Namibia, from December 21, 2024.

This new connection will be operated three times a week, with direct and non-stop flights, providing a journey of just two hours between the two cities.

https://nambusinessexpress.com/?p=8245

15/12/2024

NHE and its partners take informal settlement upgrading project national

The launch of the National Informal Settlement Upgrading Programme (ISUP) at Swakopmund last week marked the implementation of the project on a national scale, urban and rural minister Erastus Uutoni has said.

Uutoni addressed the delegates at the launch, highlighting the project's success in Windhoek and its scaling up to benefit other towns through the collaboration of key partners.

“At inception, I tasked National Housing Enterprise - Namibia (NHE), the City of Windhoek, and the Khomas Regional Council to join hands with the line ministry and devise measures to address the mushrooming of informal structures in Windhoek’s informal settlement areas, a collaboration that yielded immediate results following the delivery of more than 750 housing units. The continued success of the pilot project paved the way for considerations to roll out the project on a national scale, seeing that the housing challenge is one that is experienced in all our urban areas,” Uutoni said.

https://nambusinessexpress.com/?p=8242

15/12/2024

Life Annuities: A trustworthy way to secure your future

By Andreas Shipanga

Many of us envision having enough money to live well in retirement without worry. A life annuity is one type of financial product made to offer that financial benefit and peace of mind.

By Andreas Shipanga Many of us envision having enough money to live well in retirement without worry. A life annuity is one type of financial product made to offer that financial benefit and peace of mind. To sufficiently plan and prepare, you should plan for your retirement as early as possible by....

15/12/2024

CRAN stresses vigilance following ransomware attack on Namibian telecommunication operator

The Communications Regulatory Authority of Namibia (CRAN) has said it acknowledges reports of a data exfiltration attack on one of Namibia’s telecommunication operators, underscoring the critical importance of robust cybersecurity measures to safeguard critical infrastructure and information infrastructure and consumer data. Through the Namibia Cyber Security Incident Response Team (NAM-CSIRT), CRAN promptly responded upon identifying the attack and continues to support the affected operator in mitigating its impact.

https://nambusinessexpress.com/?p=8221

15/12/2024

QatarEnergy expands Namibia upstream footprint, acquires interest in offshore exploration block

QatarEnergy has entered into an agreement with Harmattan Energy Limited (HEL), an indirect subsidiary of Chevron Corporation, to acquire a working interest in the Petroleum Exploration License and Petroleum Agreement for Block 2813B (PEL0090), offshore Namibia.

https://nambusinessexpress.com/?p=8236

15/12/2024

Pupkewitz MegaBuild’s new Lifestyle store: Setting the standard on home inspiration

The Pupkewitz Group, well-known for its longstanding contributions to the Namibian retail landscape, is unveiling an ambitious transformation of its MegaBuild Lifestyle concept at a new location in The Grove neighbourhood in Windhoek. This store introduces an innovative, immersive retail experience to Namibia, blending thoughtful design, convenience and an extensive range of products that speak to all facets of home and lifestyle needs.

https://nambusinessexpress.com/?p=8230