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Xinfeng’s N$600 million lithium processing plant ready for commissioning

April 18, 2024
Ester Mbathera Xinfeng Investments has announced the commissioning of its lithium processing plant nine months after the government banned the export of unprocessed crushed lithium ore, cobalt, ma...
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Mbumba tells new NDF recruits to be ready to maintain peace during elections

April 18, 2024
Julia Heita President Nangolo Mbumba, said he expects the new Namibian Defence Force (NDF) members to be ready to maintain peace and order during this year's upcoming elections. Mbumba was spea...

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No levy relief for mobile operator’s losses due to deactivated SIM cards

April 18, 2024
Martin Endjala Communications Regulatory Authority of Namibia (CRAN), says it will not offer levy relief to mobile operators who lose money due to deactivated Subscriber Identification Module (SIM...
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Namibia reinforces support for Cuba against U.S. blockade

April 18, 2024
Niël Terblanché The President of the National Assembly of People's Power of Cuba, Esteban Lazo, has expressed gratitude towards Namibia for its strong stance against the economic blockade on Cuba ...
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Namibia urges restraint in escalating Middle East tensions

April 18, 2024
Niël Terblanché In light of recent unsettling developments in the Middle East, the Namibian government has voiced deep concern over the potential for escalating conflict in the region, which could...
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Lack of fuel hampers Police patrol in Terrace Bay

April 18, 2024
Erasmus Shalihaxwe Police officers in Terrace Bay are sometimes unable to patrol along the sea due to a fuel shortage in the town, which can last for a week. Parliamentary Standing Committee on...
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EU spends over N$324m on early childhood development

April 18, 2024
Martin Endjala The European Union (EU) has spent over N$324 million on Namibia’s early childhood development, a three-year financial agreement signed in July 2023. This is according to EU Ambas...
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Disaster relief programmes depended on data – Irimari

April 18, 2024
Martin Endjala Oshana region Governor Elia Irimari says the disaster relief programme under the Office of the Prime Minister (OPM) depends on data availability to determine whether there is enough...

MONEY

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Uranium price to rise attaining US$80 per pound

April 18, 2024
Uranium market fundamentals continue to improve as a broad spectrum of countries announce plans for ever-increasing nuclear power capacity to enhance long-term energy security and pursue attainment o...
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Oceana earnings to be 60% higher

April 18, 2024
Oceana Group Limited expects basic headline earnings per share (HEPS) for the six months ended 31 March 2024 will be more than 60% higher than the reported basic earnings per share (EPS) of 295.4 cen...
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CPBN awards tenders worth N$6,4 billion

April 18, 2024
The Central Procurement Board of Namibia (CPBN) awarded contracts to the value of N$6,4 billion in the 2023-2024 financial year. CPBN’manager of stakeholders engagement, Johanna Kambala told Obser...
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Paratus gets new shares approval from CRAN, NCC

April 18, 2024
CHAMWE KAIRA Paratus Namibia Holdings Limited informed shareholders that it has obtained the necessary regulatory approval from Communications Regulatory Authority of Namibia (CRAN) and the Namibi...
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Windhoek working to avert water crisis

April 18, 2024
The City of Windhoek has announced water crisis restrictions as part of a drought response plan. Residents and businesses will be required to save 10% of their consumption effective from 1 July. C...
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Anglo American sales diamonds worth US$445m

April 18, 2024
Anglo American rough diamond sales amounting to US$445 million in the third cycle of 2024, the mining giant, which also operates in Namibia announced this week. Anglo American has joint ventures w...
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