Windhoek Observer

Tullow Oil in N$173m Namibia oil block deal

Calima Energy has agreed to sell its 56 percent stake in the deep-water exploration licence PEL 90 off the coast of Namibia to UK oil and gas major Tullow Oil for an upfront payment of N$28.9 million and success bonuses of up to N$144.5 million.

Ancestral land claims must be heard

In February this year, President Hage Geingob announced a 15-member Commission of Inquiry into Ancestral Land Claim and Restitution.  

 Namibia Diamond Trading Company (NDTC) CEO, Brent Eiseb, is alleged to have ordered the suspension of four key staff members that partnered with companies that were bidding for the multi-million dollar government valuation tender, the Windhoek Observer has been told.  

Couch Cat: Cancelling DSTV

I cancelled my DSTV subscription.  There is nothing I get from that service that I cannot get, cheaper and specifically what I want, from other avenues. 

North faces increased residential property demand

The latest FNB House Price Index shows increased demand for residential property in the North – as volumes continue to climb, improving from 6.2 percent y/y in March 2018 to 43.4 percent y/y at the end of March 2019.

White Metal to buy four Namibian copper properties

White Metal Resources has announced that it entered into two binding letters of intent to purchase a 95 percent interest in certain prospective copper properties in Namibia.

NCCI calls for performance guarantees reform

The Namibia Chamber of Commerce and Industry (NCCI) has called on government to do away with the requirement that construction companies provide performance guarantees (that can only be sourced from commercial banks) when bidding for or carrying out work for public institutions.

The arrogance of majority

The all-out SWAPO Party attacks, along with the proxy or veiled chiding of the candidacy of Angelina Immanuel for the Ondangwa Urban Constituency, bespeaks the arrogance of the majority party in Namibia. 

Debmarine acquires N$7 billion vessel

In a boost to a depressed economy, Debmarine Namibia, a 50/50 joint venture between the government and De Beers Group, has announced a N$7 billion investment into a new vessel, AMV 3.

Multi-million diamond tender faces challenge

Companies that lost out on the lucrative government diamond valuation deal are set to challenge the decision by the Central Procurement Board of Namibia, the Windhoek Observer has established.
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WINDHOEK OBSERVER

The Windhoek Observer is an English-language weekly newspaper, published in Namibia by Paragon Investment Holding. It is the country's oldest and largest circulating weekly.

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