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DBSA and DBN fast-track TransNamib with N$2.6 billion

Development Bank of Namibia (DBN) and Development Bank of Southern Africa (DBSA) have confirmed a loan of about N$2.6 billion finance for TransNamib. The loan will be used for remanufacturing of rolling stock, acquisition of new rolling stock, modernisation of the TransNamib Workshop, upgrading of signalling equipment, including spares and …

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Namibia’s plan to keep uranium mines running now in full swing

Agriculture, Water, and Land Reform Minister Calle Schlettwein revealed that a feasibility study in central Erongo for a desalination plant, which will produce 70 000 m3 of water per day, has been  completed and a site has been acquired. He said this in an emailed statement recently He also said …

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New vessel set to increase De Beers’ annual production to 45 percent

Debmarine Namibia’s annual production will increase by 45 percent thanks to the custom-built vessel. At an inauguration ceremony in Namibia, De Beers unveiled its new diamond recovery vessel. According to the company, the ship, dubbed the “Benguela Gem,” will begin operations this week, ahead of schedule. It’s the newest addition …

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