Creditinfo acquires Ugandan and Namibian credit bureaus
As part of the acquisition, Creditinfo has taken on all employees working in the credit bureaus, which were previously owned by Experian.
South African Competition Tribunal approves Heineken acquiring control of Distell and Namibia Breweries
In November 2021, Heineken announced its intention to acquire control of Distell and Namibia Breweries Limited (‘NBL’), which were to be combined with Heineken South Africa (‘HSA’) into a new Heineken majority-owned business (Newco).
[Column] Hilton Loring: Manufacture locally to drive Namibia's economy
The Namibian economy does not operate in a vacuum and we are very dependent on our larger neighbor South Africa when it comes to the health of our economy. H
[Nigeria Business Week] Optimism grows with investments
It has been said by several economic experts that the country’s path to greatness lies on the fields of Agriculture, and not on petroleum.
[Column] Llewellyn le Hané: The speed of Technology- Bucks have become bits and bytes
Technology is becoming increasingly safe, online shopping is not a rarity anymore, even here in Namibia.
[Column] Melkisedek-Shivute Ausiku: Entrepreneurship in the age of technology in Namibia
Growing up in Namibia there were several careers to choose from we were told. Study hard, become a doctor, lawyer, accountant, nurse or architect. Perhaps even an engineer if you were that way inclined.
[Column] Llewellyn le Hané: Namibia poises to embrace the new 'smartified' world
The digital revolution has well and truly been embraced by Namibia and Namibians. Apart from spending most of our time online on social media, we are now seeing a shift to real world benefits enabled through connectivity.
[Interview] Thomas Mueller, Founder, Rainmaker Digital, Namibia
Thomas Mueller is a German entrepreneur living in Namibia, founder and CEO of Rainmaker Digital.
[Column] Dr. Eino Mvula: Namibia's educational aspiration through a solid student financial assistance system
Around the world we celebrate our diversity, our different cultures and varying opinions. One thing we all seem to have as our common trait is the desire, almost an instinct that drives us to ensure that our children have better lives than we do.
[Column] Logan Fransman: Transportation and Logistics essential to achieving NDP 5 goals of Namibia
As Director of Namibian German Centre for Logistics (NGCL) here in Namibia, I am tasked with promoting and highlighting the Importance of our sector.
Africa Business Communities will come to meet with you in London, Gaborone and Windhoek
Bas Vlugt, founder of Africa Business Communites, will be traveling to Africa coming April and May and this might be a great opportunity to meet.
Kholo Capital Mezzanine Debt Fund I achieve first close at R870m
Kholo Capital Mezzanine Debt Fund I has secured R870m in commitments for long-term mezzanine debt investment in support of growth, job creation and advancement of transformation within mid-market companies with operations in Southern Africa.
EU greenlight to a €50m guarantee to support GreenCo’s expansion within SADC
European Fund for Sustainable Development plus (EFSD+) has given the green light to a €50m guarantee to support GreenCo’s expansion within the Southern African Development Community, including Zambia, Namibia, Zimbabwe and South Africa.
Namibia and Equatorial Guinea youths working to boost Intra-African Energy Growth
Following an agreement forged during the Namibian International Energy Conference in 2022, a youth training initiative launched by Namibia and Equatorial Guinea has set the tone for an ambitious local content drive that will position Namibia as a competitive hydrocarbon producer.
WFP launches virtual marketplace to boost smallholder farmers’ income in Namibia
The United Nations World Food Programme (WFP), is collaborating with Tololi Online, an e-Commerce platform to set up a virtual marketplace as part of efforts to improve market access and boost farmers’ income in Namibia.
IFC, Nimble Group, and South African Lenders launch facility to help resolve distressed assets
To support businesses in debt and lenders that are managing non-performing loan (NPL) portfolios, IFC, asset manager Nimble Group, and South African financial partners launched a facility that will invest in distressed assets in six countries in sub-Saharan Africa, including South Africa.
New partnership between Moneda Invest Africa and National Oil Company of Namibia
Africa Energy Week 2022 ends on a progressive note with a partnership between Nigerian Energy Accelerator, Moneda Invest Africa and National Oil Company of Namibia [Namcor] on local content development and energy financing.
PGS receives 3D exploration acquisition contract offshore Namibia
PGS has been awarded a 3D exploration acquisition contract in Namibia by a major energy company. Ramform Titan will mobilize for this survey and acquisition is expected to complete mid-February 2023.
Sintana's Trago Energy completes transaction with Chevron Namibia in respect to its interests in PEL 90
Sintana Energy announced that Trago Energy, a Namibian affiliate of the Company, has completed a transaction with Chevron Namibia, in respect of its interest in Petroleum Exploration License 90 (PEL 90) located in the Orange Basin in Namibia.
[Namibia]: AfDB approved $134.9 million loan for post-Covid-19 economic recovery support program phase II
The Board of Directors of the African Development Bank has approved a loan of 2.3 billion South African rands ($134.9 million) in co-financing for the second phase of Namibia’s Governance and Economic Recovery Support Program (GERSP II).
ReconAfrica acquires half of NAMCOR’s interest in PEL 73 exploration licence onshore Namibia
ReconAfrica has entered into a definitive purchase and sale agreement with its partner, NAMCOR, to acquire half of NAMCOR’s 10% carried participating interest in the approximate 6.3 million acres petroleum exploration licence in the Kavango basin, Namibia.
Letshego Group launches affordable housing to support more citizens across its Pan-Africa footprint
Launching first in Botswana and Namibia, Letshego aims to bring structure and security to more families across its footprint with the launch of its ‘Affordable Housing’ suite of financial solutions.
Pancontinental relinquishes PEL 37 offshore Namibia, considers bid for new extended Licence
Pancontinental Energy’s 66.67% subsidiary, Pancontinental Namibia (Pancontinental), has decided to withdraw from the process of seeking an extension to the original PEL 37 Licence offshore Namibia.
Namibia and Equatorial Guinea strengthen Energy Relations
A delegation led by Hon. Minister Tom Alweendo is currently in Equatorial Guinea, meeting with high-level industry executives and touring the country’s liquefied natural gas facilities.
NAMCOR to shape investment and Green Hydrogen Dialogue at AEW 2022
The National Petroleum Corporation of Namibia will attend AEW 2022 as a platinum sponsor, shaping discussions around making energy poverty history on the back of oil, gas and green hydrogen.
Side event at AEW 2022 to highlight lucrative Namibian investment opportunities
This year’s edition of AEW 2022 will feature an Invest in Namibia side event, a forum dedicated to emerging investment opportunities across the Namibian energy landscape.
Yellow Pay – Yellow Card’s new payment feature simplifying money transfers through it’s crypto rails
Yellow Card Financial is proud to announce its new payment feature – Yellow Pay an innovative solution will make it easier for customers to send and receive money through the Yellow Card crypto exchange platform, without any extra charges, instantly all from the comfort of their home.
Thousands of African girls to be trained in coding
The Connected Africa Girls Coding Camp is back this year with its 5th edition commissioned by ECA in partnership with the government of The Republic of Namibia, UN Namibia, UN WOMEN, and the International Telecommunications Union (ITU).
Telecom Namibia to leverage the potential for digital transformation of the Namibian economy
Telecom Namibia plan to invest over N$2,3 billion in the next five plus years to modernise national network – both fixed and mobile, starting from national backbone to the core network and the access technologies.
GCF approuve un investissement de 145 millions USD de la FMO dans le CI2 du Climate Fund Manager.
Le Fonds vert pour le climat (GCF) a approuvé la proposition de FMO et de Climate Fund Managers (CFM), d'un montant de 145 millions USD, visant à accélérer les investissements du secteur privé dans des projets d'eau, d'assainissement et d'océan à faibles émissions et résilients au changement climatique, intitulée Climate Investor 2 (CI2).
GCF approves USD 145 million FMO investment in Climate Fund Manager’s Climate Investor 2 (CI2)
Green Climate Fund (GCF) has approved the joint FMO – Climate Fund Managers (CFM) USD 145mln proposal to accelerate private sector investments in low-emission and climate-resilient water, sanitation and ocean projects, entitled Climate Investor 2 (‘CI2’).
A more competitive private sector could boost growth and jobs in Namibia, World Bank report
The report, the Namibia Country Private Sector Diagnostic (CPSD) , highlights opportunities for Namibia to attract investment and achieve sustainable private sector-driven growth
300 milliards€ d'investissements par Global Gateway, la nouvelle stratégie de connectivité de l'UE
Sous le drapeau de l'ONU, le CCI a participé aux Journées européennes du développement 2022, qui, cette année, étaient axées sur la nouvelle stratégie de connectivité de l'Union européenne, Global Gateway.
€300 billion of investments by Global Gateway, the EU’s new connectivity strategy
Under the UN flag, ITC participated at the European Development Days 2022, which this year focused on the European Union’s new connectivity strategy, the Global Gateway.
[Namibia] ReconAfrica, NAMCOR announce spudding of first of four oil targets in the Kavango Basin
Reconnaissance Energy Africa (ReconAfrica) and its joint venture partner NAMCOR, the state oil company of Namibia, announced the spudding of 1819/8-2 (8-2) well in the Kavango Basin.
Namibia approves increase in work program and licence extension for PEL 83
Sintana Energy announced that the Ministry of Mines and Energy in Namibia has approved an extension to the First Renewal Exploration Period for Petroleum Exploration License 83 (PEL 83).
AFD, Development Bank of Namibia partner to fund economic research initiatives
French development agency, Agence Française de Développement (AFD), and Development Bank of Namibia (DBN), signed an agreement in terms of which AFD will provide €300,000 in grant funding for two DBN research programmes.
Transnational Africa Green Hydrogen alliance launched
Six African countries have joined forces to launch the Africa Green Hydrogen Alliance to collectively scale-up investment and development across the continent’s burgeoning green hydrogen landscape.
Naspers Foundry leads R83 million equity round in agritech company Nile
Naspers, through its early-stage tech investment vehicle Naspers Foundry, announced a R40 million ($2.5 million) investment in Nile, an agritech company that connects farmers to buyers of fresh produce.
[Namibia] Hangala Capital appoints Trofimus Shapange as Managing Director
Hangala Group announced the appointment of Trofimus (Trophy) Shapange as the new Managing Director of Hangala Capital, effective 1st October 2020.
[Namibia] Finance Minister opens credit guarantee scheme for SMEs
Namibian Finance Minister announced the commencement of the Credit Guarantee Scheme for SMEs, to provide collateral cover of 60% for qualifying SMEs applying for finance from participating commercial finance institutions.
Standard Bank Namibia appoints Mercia Geises as new CEO
Standard Bank Namibia has appointed its Head of Personal and Business Banking, Mercia Geises, as its new Chief Executive Officer, effective 1 May 2021.
ReconAfrica extends LOI with NAMCOR to acquire interest in PEL 73, North East Namibia
ReconAfrica announced that further to its announcement in February, it has entered into an extension to the Letter of Intent with its partner, NAMCOR, to acquire half of NAMCR’s 10% carried participating interest in the Kavango basin, NE Namibia.
Eco Atlantic receives TSXV approval for closing of the Azinam acquisition in South Africa and Namibia
Eco (Atlantic) Oil & Gas, confirmed that it and Azinam Holdings, have received final approval from the TSX Venture Exchange, for Eco's acquisition, through a wholly-owned subsidiary of Azinam Group.
[Nigeria] CcHUB kicks off its Seedr Program with three Namibian startups
Nigeria's technology innovation centre Co-creation Hub (CcHUB) has kicked off its CcHUB Seedr program in Namibia.
TotalEnergies discovers oil in Block 2913B offshore Namibia
TotalEnergies has made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia.
[Namibia] GIPF invests $1.3m in housing development project by Beucorp
The Namibian Government Institutions Pension Fund (GIPF) has invested over N$20 million (US$1.3 million) in a housing development by Beucorp Group, through Koningstein Capital Investment Property Fund.
ReconAfrica increases participating interest in Kavango Basin, North East Namibia
ReconAfrica announced it has entered into a Letter of Intent with its partner NAMCOR, to acquire half of NAMCOR’s 10% carried participating interest in the approximate 6.3 million acres petroleum exploration licence in the Kavango basin, NE Namibia.
NAMCOR announces Graff-1 deep water discovery in Namibia
The National Petroleum Corporation of Namibia (NAMCOR), the Namibian state-owned oil company and its partners announced that the Graff-1 deep-water exploration well has made a discovery of light oil in both primary and secondary targets.
Eco (Atlantic) announces strategic acquisition offshore South Africa and Namibia
Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, announced it has signed a Memorandum of Understanding to acquire 100% of Azinam, including Azinam's entire offshore asset portfolio.
[Namibia] JABU gets $3.2m for B2B eCommerce and retail play
Namibia-based B2B eCommerce startup JABU, which calls itself a last-mile distribution eCommerce company, has raised $3.2 million in a financing round.
Second well spuds offshore Namibia on-trend to Pancontinental's PEL 87
Two wells are now drilling on-trend to Pancontinental’s giant PEL 87 Saturn oil play, with Shell commencing the Graff-1 oil exploration well in the Orange Basin and French major Total also now drilling the Venus-1 ultra-deep exploration well.
TotalEnergies commences drilling of ultra-deep Venus-1 well in Orange Basin offshore Namibia
French major TotalEnergies has commenced drilling its ultra-deep Venus-1 well in the Orange Basin offshore Namibia. On-trend, Pancontinental has mapped the very large Saturn turbidite complex in PEL 87.
Impact Oil & Gas announces spud of Venus-1X offshore exploration well in Namibia
Impact Oil & Gas, a privately-owned, African-focused, exploration company, announced the spud of the Venus-1X offshore exploration well in Namibia Block 2913B (PEL 56).
AziNam acquires interests in Namibian offshore blocks
AziNam Ltd. has successfully built up a substantial position in the emerging exploration province offshore Namibia, within the Walvis and Luderitz Basins.
Heineken set to acquire South Africa's Distell and Namibian Breweries
The Transaction will be implemented through a number of simultaneous and inter-conditional steps.
[Namibia] Paratus and MTN sign country’s first roaming agreement
Paratus and MTN have signed a national roaming agreement in Namibia, the first of its kind in this Southern African nation.
ReconAfrica completes first seismic program in Kavango Basin, North East Namibia
Reconnaissance Energy Africa (ReconAfrica) and its joint venture partner NAMCOR (the state oil company of Namibia), announced the completion of the first seismic acquisition program ever conducted in the Kavango Basin, North East Namibia.
ReconAfrica granted one year extension of first renewal period for PEL 73 licence in Namibia
ReconAfrica and its joint venture partner NAMCOR (the state oil company of Namibia) announced the Ministry of Mines and Energy has granted approval of a one year extension on the First Renewal Period from 29 January 2022 to 29 January 2023.
FAO deploys new application to combat locust outbreak in Namibia
The Food and Agriculture Organization of the United Nations (FAO) developed the eLocust3m application to improve early warning through rapid detection, surveillance and monitoring of locust outbreaks.
IFC partners with Letshego Africa to increase access to affordable housing in Namibia
IFC has partnered with pan-African finance organization Letshego, to increase access to affordable housing finance for thousands of individuals in Namibia with the potential to expand its partnership to other countries.
[Namibia] Safari Hotels & Conference Centre in Windhoek joins Accor’s portfolio
Safari Hotels & Conference Centre, a prominent two-hotel complex in Windhoek, has become the first property in Namibia to join Accor’s portfolio.
Global Petroleum raises £1m to enable progress on PEL0094 licence offshore Namibia
Global Petroleum announced it has successfully raised £1,000,000 in aggregate before costs (the “Placing”), through the Placing of 200,000,000 Ordinary Shares (the “Placing Shares”) at a Placing Price of 0.5 pence per share.
Global Petroleum enters next licence phase for Petroleum Exploration Licence 94 offshore Namibia
Global Petroleum announced that in relation to its licence PEL0094 (Block 2011A) offshore Namibia, the Ministry of Mines and Energy has agreed to Global’s proposal to enter into the next licence sub-period from September 2021 to September 2022.
PGS delivers continuous 3D data coverage of Southern Namibe Basin in Angola and Namibia
PGS announced that final PSTM and PSDM products are now available from its latest MultiClient 3D surveys in the Namibe Basin of Angola and Namibia.
ReconAfrica completes acquisition of Renaissance
Reconnaissance Energy Africa (ReconAfrica) and Renaissance Oil Corp. (Renaissance) announced they have completed the acquisition by ReconAfrica of Renaissance by way of plan of arrangement under the Business Corporations Act.
ReconAfrica, NAMCOR granted seismic permit for Kavango Basin onshore Namibia
ReconAfrica announced that Namibia’s Ministry of Environment, Forestry and Tourism issued the Environmental Clearance Certificate (ECC) for the initial 2D seismic program to be conducted in the Kavango East and West regions of NE Namibia.
Imperial acquires controlling stake in Deep Catch Namibia Holdings
Deep Catch is a diversified and vertically integrated business engaged in the wholesale, distribution and cold storage of perishable foods (mainly poultry, fish and dairy products) in Namibia and the Southern African Development Community (SADC) region.
UAE suspends flights from Liberia, Sierra Leone, Namibia
The General Civil Aviation Authority (GCAA) and the National Emergency Crisis and Disasters Emergency Management Authority (NCEMA) have announced the suspension of all inbound flights for national and international carriers coming from Liberia, Sierra Leon, and Namibia, effective 23:59 on Monday, June 21st.
NAMCOR, ReconAfrica sign Joint Operating Agreement to develop Kavango basin in Namibia
The National Petroleum Corporation of Namibia (NAMCOR), and ReconAfrica announced the execution of a Joint Operating Agreement (JOA), to develop the resource potential of the Kavango Sedimentary Basin, Northeast Namibia.
ReconAfrica's second well in Namibia's Kavango Basin confirms a working petroleum system
ReconAfrica announced the Company has set intermediate casing and is pleased to report geologic results in the first section of the second well (6-1), which again confirms a working petroleum system in the Kavango Sedimentary Basin.
Local app gives real-time advice to smallholder farmers in West Africa
Rural Farmers Hub provides agricultural services to under-served smallholder farmers in Nigeria, some West African countries, and Namibia via its core product, Capture™
Kasada Capital Management acquires the largest hospitality complex in Namibia
Kasada will rebrand the hotels utilizing the management skills, expertise and marketing resources available from its strategic partnership with Accor and its portfolio of renowned international hotel brands.
ReconAfrica spuds second well in Kavango Basin, Namibia
Reconnaissance Energy Africa (ReconAfrica), has spudded the second well (6-1), of an initial three well program in the Kavango Basin in the Kalahari Desert of North East Namibia.
Standard Bank partners with MIT on innovative housing and food project in Namibia
Standard Bank Group and the Massachusetts Institute of Technology's (MIT’s) Center for Bits have partnered on an innovative social upliftment project in Namibia that uses fungal material from mushrooms to develop housing and food products.
Angolan entrepreneurs form trade association in Namibia
Angolan entrepreneurs have formed the Association of Angolan Entrepreneurs Residing in Namibia to facilitate easier trade between the two countries.
Paratus Telecom appoints Martin Cox Group Chief Commercial Officer
Cox brings a wealth of experience as a founder shareholder of Neotel and Executive for Strategy, Commercial and M&A at Internet Solutions.
ReconAfrica's first of three wells confirms a working petroleum system in Kavango Basin, Namibia
Namibian Ministry of Mines and Energy and ReconAfrica announced the preliminary analysis of the data from the 6-2 well, providing a clear evidence of a working conventional petroleum system in the Kavango Basin.
Qatar Petroleum enters two offshore exploration blocks in Namibia
Qatar Petroleum entered into an agreement with Shell to become a partner in two exploration blocks offshore the Republic of Namibia.
ENSafrica expands WSG Africa membership with addition of Ghana, Kenya, Namibia, Rwanda and Uganda
World Services Group (WSG) has announced that ENSafrica has expanded its global membership with five new jurisdictions in Africa in addition to South Africa and Mauritius: Ghana, Kenya, Namibia, Rwanda and Uganda.
Paratus, Telecom Namibia to land subsea cable in Namibia
In 2019, Google first announced its subsea cable project, Equiano, would connect Africa with Europe, running along the west coast of Africa, between Portugal and South Africa.
Airlink launches new West Coast route connecting Cape Town with Walvis Bay, Namibia
Airlink, the privately-owned regional airline, will launch a convenient new direct service between Cape Town and Walvis Bay, commencing on 02 March 2021.
Africa and Americas host most of top 30 high-impact wells for 2021, Rystad analysis
Drilling of high-impact oil and gas prospects in 2020 suffered at the hands of the global pandemic, but the overall results were nevertheless positive, a Rystad Energy analysis reveals.
FAO, AFD launch project to boost sustainable wildlife management, food security in southern Africa
FAO and the French Development Agency (AFD), launched a new €3.5 million project to improve sustainable wildlife management and food security in the world's largest terrestrial transfrontier conservation area.
Global Petroleum announces updated prospective resources estimate for Block 2011A, offshore Namibia
Global Petroleum announced its updated estimate of Prospective Resources for Block 2011A, offshore Namibia, following interpretation of the 2D seismic data which the Company recently licensed.
ReconAfrica begins 450 km 2D seismic program in the Kavango Basin, Namibia
ReconAfrica has commenced the permitting process for the acquisition of 450 kilometers of 2D seismic data in the deep Kavango Basin in the Kalahari Desert of North East Namibia.
[Ghana] Safeguard yourself from falling victim to online trading scams, says INFINOX MD
The rise of the digital age has resulted in an information overload and often a lot of this information is made up of unqualified opinions and regurgitated statements according to Jay Mawji, Managing Director of INFINOX.
BW Energy signs Kudu farm-in agreement in Namibia
BW Kudu, a wholly owned subsidiary of BW Energy and the National Petroleum Corporation of Namibia (NAMCOR) signed a Farm-In and Carry Agreement.
[Namibia] MTC introduces biometrics and AI to protect consumer data and curb identity theft
Namibia’s premier digital enabler, MTC, has introduced the use of biometrics and artificial intelligence, powered by the use of biometric authentication and cybersecurity systems.
[Namibia] Reconnaissance Energy Africa begins drilling operations in Kavango Basin
Reconnaissance Energy Africa Ltd. has commenced drilling operations on the first well (6-2), of an initial three well program, in the deep Kavango Basin in the Kalahari Desert of North East Namibia.
Kosmos Energy completes farm down of exploration assets to Shell
Kosmos Energy announced it has closed the previously announced transaction with B.V. Dordtsche Petroleum Maatschappij (Shell), a wholly-owned subsidiary of Royal Dutch Shell, to farm down interests in Suriname, Sao Tome & Principe and Namibia.
Global Petroleum announces its Namibian licences update, acquires 2D seismic data
Global Petroleum announced that regarding its licence PEL0094 (Block 2011A) in Namibia, the Company purchased the historic 2D seismic data in order to improve interpretation of its Marula prospect in the western part of Block 2011A.
Eco Atlantic re-issues all Namibia offshore licenses
Eco Atlantic, an oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, has successfully negotiated the reissuance of its four licences in the Walvis Basin, Offshore Namibia.
Eco Atlantic Oil and Gas offers update on Namibia operations
Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company with license interests in Guyana and Namibia, has announced its results for the three and six months ended 30 September 2020
[Nigeria] Lekoil enters exploration and production agreement with NAMCOR
LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and Africa, has announced that it has entered into a Strategic Alliance Agreement with NAMCOR Exploration and Production.
Climate Fund Managers, Eos Capital invest $60m for Namibia’s Kelp Blue farm project
Climate Fund Managers and Eos Capital announced a partnership between Climate Investor Two, Kelp Blue and the Namibia Infrastructure Development and Investment Fund for the commercial development of world’s first large-scale kelp farm.
Stanley Shanapinda appointed CEO of Telecom Namibia
The Telecom Namibia Board of Directors has appointed the company's new CEO.
[Namibia] LEKOIL enters Strategic Alliance Agreement with NAMCOR
LEKOIL, oil and gas exploration and production company with a focus on Nigeria and Africa, announced it has entered into a Strategic Alliance Agreement with NAMCOR, through its subsidiary, LEKOIL Namibia.
Facebook partners with the Namibian Blood Transfusion Service to boost blood donations
Facebook in partnership with the Namibian Blood Transfusion Service (NamBTS) and Ministry of Health and Social Services, have launched a new feature to encourage people to donate blood.
Qatar Airways increases more African services
Qatar Airways is to resume services to Entebbe, Seychelles, and Windhoek, as well as many more global destinations.