News

This morning, Swakop Uranium (Pty) Executive President, Mr. Irvine Simataa, along with two officials, paid a courtesy call on Ministry of  Mines and Minerals Development Permanent Secretary, Dr. Hapenga Kabeta. The discussion centered on a potential partnership to develop high-potential uranium projects in Zambia. Swakop Uranium, a Namibian mining company …

Australian-listed Connected Minerals (ASX: CML) has embarked on a pivotal phase of its exploration strategy, initiating a maiden reverse circulation drilling program at its promising Etango North-East Uranium Project in Namibia. This move signals a significant step in the company’s quest to capitalize on the region’s rich uranium reserves, positioning …

Despite recent national mourning following the loss of two presidents, Namibia has reaffirmed its commitment to strengthening its long-standing bilateral relations with Russia. President Netumbo Nandi-Ndaitwah, speaking during a courtesy visit by Russian Deputy Prime Minister Yury Trutnev, emphasized the enduring bond between the two nations and their shared vision …

Driven by the energy shift and a drive for industrialization, the global need for rare earth elements is skyrocketing. Demand is projected to rise fourfold by 2030, and African countries rich in these vital minerals are hurrying to assert their place in the worldwide supply chain. Africa might soon provide …

Victoria Sibeya has been appointed as the Acting Managing Director of the National Petroleum Corporation of Namibia (NAMCOR), with effect from April 1, 2025.  She succeeds Ebson Uanguta, who, after more than a year at NAMCOR, returns to his position at the Bank of Namibia. Uanguta offered consistent leadership during …

Namibian drivers will finally have some relief at the gas pump after two months of price increases. The Ministry of Mines, Energy and Industry has announced a fuel price reduction effective Wednesday, 2 April 2025, citing a combination of global oil price declines and a stronger Namibia Dollar. Diesel 50ppm …

Namibia’s mining, energy, and industrial sectors received N$939.5 million in the FY2025-2026 national budget, with a total investment of N$2.8 billion expected for the MTEF. This funding demonstrates the government’s commitment to promoting industrial development, expanding energy capacity, and ensuring mining’s continued viability as an economic driver. Mining, as one …

The Electricity Control Board (ECB) has sounded the alarm on a concerning rise in electrical safety incidents, particularly within the Northern Regional Electricity Distributor (NORED) area. Recent statistics paint a worrying picture, with NORED accounting for 41% of all reported industry incidents and 63% of fatalities over the past four …

Cape Town: Africa’s vast mineral wealth is proving to be a potent engine for economic growth, with nations across the continent forging strategic partnerships to optimize their mining value chains. From gold in Ghana to diamonds in Botswana, the sector is delivering significant revenue and driving sustainable development. Across the …

Despite optimistic forecasts for moderate economic growth, Namibia’s financial outlook remains clouded by the persistent downturn in the diamond market. Finance Minister Ericah Shafudah, in her recent budget speech, painted a picture of cautious optimism, projecting a 4.5% growth for this year and 4.7% for 2026. However, these figures fall …