Italy chases African gas to end dependence on Russia
Italian ministers headed to central Africa Wednesday in an urgent quest for new energy deals as Italy scrambles to break away from Russian gas over the Ukraine war. Prime Minister Mario Draghi...
Namibia based Kelp Blue secures N$31.3m De Beers investment
Netherlands start-up Kelp Blue has secured a N$31.1 million investment from the De Beers Group to commercially develop the world’s first large-scale kelp farm off the coast of Namibia, near Luderitz. The...
Ministry of Agriculture to issue Green Scheme RFP in May
The Ministry of Agriculture, Water and Land Reform plans to issue a Request For Proposals (RFP) for the Green Schemes in May, as it moves ahead to outsource some of the projects...
NamPower left with only two solar commitments
NamPower says it currently has no Solar PV commitments beyond the 20MW Khan Solar IPP PV and the recently completed 20MW Omburu PV project. This comes as the power utility's Omburu PV...
British firm eyes oil and gas exploration in Namibia
London Stock Exchange-listed Cloudbreak Discovery has partnered with Gondwana Petroleum Namibia, Timeworn Investments, Pioneer Oil and Gas Consulting and a Swiss Based Asset Manager to explore oil in Namibia. The six companies...
De Beers returns to Angola after ten-year absence
Diamond miner De Beers has signed two mineral investment contracts with the Angolan government, the Anglo American subsidiary said on Wednesday, in a return to the southern African country it left in...
Byrnecut clinches N$1.6bn B2Gold mine development contract
B2Gold has awarded Byrnecut, an international specialist underground mining contractor, a N$1.6 billion development and production contract for its Wolfshag Underground Mine. The underground mining project was approved by the B2Gold Board...
Namcor wins oil producing tender in Angola
The National Petroleum Corporation of Namibia (Namcor) has won an production bid in Angola. This was after Angola’s state oil company Sonangol had put out oil Blocks 3/05, 4/05, 5/06, 15/06, 18,...
Namibia could net over N$500bn in oil taxes and royalties
Namibia has the potential to generate over N$500 billion in potential revenues in the coming decade through taxes and royalties charged to the oil sector, an investment advisory firm has said. Cirrus...
Namibia,Germany in N$6m green energy project
Namibia and Germany have partnered to launch a N$6 million green people’s energy project that seeks to provide low-income earners with affordable solar systems. The project, which is being administered through the...