President Mbumba outlines vision for renewable energy future

President Nangolo Mbumba has emphasised Namibia’s commitment to transitioning from its 100% reliance on fossil fuels towards renewable energy sources, including solar, wind, and thermal energy.  Speaking at the inauguration and renaming ceremony of the 300 million Khan Solar Power Plant to Moses Mague ||Garoëb Solar Plant, Dr. Mbumba outlined the strategic shift as part […]

Dr. Hage G. Geingob N$60 banknote unveiled

President Nangolo Mbumba has unveiled the Dr. Hage G. Geingob N$60 commemorative banknote. The banknote pays tribute to the late President, honouring his 60 years of service to Namibia, encompassing his life in exile. The issuance of the banknote aligns with the Bank of Namibia’s governing Act, reaffirming its role in safeguarding national identity through […]

Nedbank declares improved financial results

Nedbank Group has declared improved financial results, with earnings increased by 8%, translating into N$16.9 billion. The recent financial report for the year ended in December last year emphasised this. The report highlighted that the return on equity increased by 15.9% during the financial year. The growth in earnings was prompted by positive non-interest revenue […]

Seismology key to preventing nuclear tests

Robert Floyd, the Executive Secretary of the Comprehensive Nuclear-Test-Ban Treaty Organization, emphasizes the crucial role of seismology in preventing nuclear weapon testing and enhancing global security. At the fourth general assembly of the Africa Seismological Commission, Dr. Floyd highlighted the importance of advancing seismic technology and fostering global cooperation to ensure compliance with the Treaty, […]

Outapi Council, RFA & RA sign road upgrade deal

To enhance road infrastructure in Outapi, the Outapi Town Council, Road Fund Administration (RFA), and Road Administration (RA) have signed a two-year Memorandum of Agreement. This agreement will facilitate the upgrading of sections of the main road to Ruacan, the construction of stormwater drainage systems and pavements, and the improvement of the main roads connecting […]

Rhino Resources completes drilling at Sagittarius-1X exploration well

Rhino Resources has completed the drilling operations for the Sagittarius-1X exploration well located in the Orange Basin. The National Petroleum Corporation of Namibia (NAMCOR) says the successful drilling of the Sagittarius-1X well, marks a significant step for Namibia’s upstream sector, while also strengthening the country’s position in the Orange Basin. In a media statement, NAMCOR […]