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Botswana embarks on railway links with neighbours

Botswana embarks on railway links with neighbours

CHAMWE KAIRA Botswana is planning several rail links with its neighbours including one with Namibia. Botswana already with Mozambique and Zimbabwe have expressed interest to invest in a multimodal regional port and transport infrastructure project that aims to mutually benefit the countries and the region as a whole, Botswana’s Ministry of Transport and Works told Observer Money. Botswana is also developing the Trans-Kalahari Railway (TKR) line project with Namibia. The project aims to construct a railway line from Walvis Bay to the coalfields at Mmamabula in Botswana, complete with rolling stock locomotives and wagons and maintenance facilities. The project will…
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Mines maintain zero fatality rate

Mines maintain zero fatality rate

CHAMWE KAIRA Members of the Chamber of Mines of Namibia achieved a zero-fatality rate for a third consecutive year in 2023. Notably, the single fatalities recorded in 2021 and 2022 were associated with non-chamber member quarrying operations that mine dimension stone. The efforts were mobilised by the chambers health and safety committee in collaboration with the chief inspector of mines to enhance safety protocols at quarrying operations. The chamber said in its 2023 annual report that these concerted actions have not only improved the safety standards within those operations, but have also had a positive ripple effect across the entire…
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Bank Windhoek funds Andrada with N$175m

Bank Windhoek funds Andrada with N$175m

CHAMWE KAIRA Andrada Mining Limited has announced that it has completed the N$175 million Bank Windhoek Limited funding agreement. The critical raw materials producer with a portfolio of mining and exploration assets in Namibia, confirmed that its subsidiary, Uis Tin Mining Company had concluded the funding agreements with Bank Windhoek Limited. “These facilities replace UTMC's current banking facilities with immediate effect. The proceeds will be allocated primarily to retirement of existing facilities, growth initiatives, and working capital. The funding has been concluded following the fulfilment of conditions precedent, including receipt of all required consents and documentation.” Anthony Viljoen, Chief Executive…
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Nedbank expects SA inflation to ease

Nedbank expects SA inflation to ease

Inflationary pressures for South Africa are forecast to ease further, ending this year at 4,4% and averaging 4,9% for this year. The Nedbank Group Economic Unit expects monetary policy easing to begin in September with a cumulative 50 basis points reduction in interest rates in the second half of the year, taking the prime lending rate down to 11,25% by the end of this year, followed by cuts of a further 75 basis points next year. Nedbank expects South Africa’s economy to fare better in the second half of this year and throughout next year if the recent improvements in…
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Prices higher in Khomas

Prices higher in Khomas

CHAMWE KAIRA The year on year inflation rate stood at 4.6% in July in the Khomas Region compared to 4.7% registered during July last year. The slowdown in the annual inflation rate emanated mainly from the slow increases registered in the price levels of ‘food and non-alcoholic beverages’ (from 10.4% to 4.8%); education (from 4.5% to 0.6%); and ‘miscellaneous goods and services’ (from 4.4% to 1.6%). For the compilation of inflation, the Namibian Statistics Agency has grouped the country into three zones. Zone 1 is made up of (Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa, and Zambezi).…
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Modernising Namibian mining industry

Modernising Namibian mining industry

CASPER LABUSCHAGNE Mark Twain famously said: During the gold rush it’s a good time to be in the pick and shovel business”. The mining, minerals and metals sector has certainly on moved on from just picks and shovels, and with that, countries like Namibia which is quickly becoming the next destination for the proverbial gold rush. According to Chamber of Mines in Namibia, mining accounted for 14.4% of the country’s GDP 2023, an increase from 9% in 2021 and 11.9 % in 2022. The sector therefore plays a fundamental role in Namibia’s job and wealth creation, showing consistency steady growth.…
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Airlink to connect Cape Town with Gaborone

Airlink to connect Cape Town with Gaborone

Airlink, Southern Africa’s premier airline, is expanding its network to include direct Cape Town-Gaborone flights from 1 April 2025. Flights on the route will operate on Tuesdays, Thursdays and Saturdays departing Cape Town International Airport at 10.50 and arriving at Gaborone’s Sir Seretse Khama International Airport at 13.00. The return service leaves Gaborone at 13.45 and lands in Cape Town at 16.00. “As Botswana’s capital, Gaborone is an important regional destination for business with the city being home to thriving minerals, resources, automotive and tech sector companies and it hosts the Southern African Development Community headquarters. It is also an…
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The real stewards of the country’s natural resources are the people

The real stewards of the country’s natural resources are the people

Kae Matundu-Tjiparuro “We will continue to use our best endeavours to ensuring that our minerals and petroleum resources are exploited in the best interest of the country and its people. It is our resolve to be good stewards of our resources.” This is verse of what seems has become the personal anthem of Mines and Minerals Minister, Tom Alweendo, and his assembled choir and a popular rendition at almost at every choir competition of especially explorers and other mineral and mining vultures, whether on home turf or at one or the other forum. All meant so much to test the…
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Judge clears Mulunga

A disciplinary hearing on 7 August has determined that none of the disciplinary complaints against Immanuel Mulunga, the suspended managing director of the National Petroleum Corporation of Namibia (Namcor), were not sufficiently established.“In the result, my determination in these disciplinary proceedings against the employee is that none of the disciplinary complaints against the employee have been established by the employer on a balance of probabilities. It follows that all the complaints against him in these proceedings are dismissed,” chairperson of the disciplinary hearing, Gerhard Maritz, a retired Supreme Court judge of appeal said in his judgement.The charges included fraud and…
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Chamber of Mines urge GRN to look beyond taxes and royalties

Chamber of Mines urge GRN to look beyond taxes and royalties

Martin Endjala Namibia’s Chamber of Mines president, Zebra Kasete, has urged the government to focus more on skill development rather than solely on benefiting from mining exploration through taxes and royalties. He made these remarks during the opening of the 2024 Mining Expo and Conference in Windhoek on Wednesday. "The government should not be concentrating on the possible revenue from exploration activities but rather focus on skill development to unlock people's potential," he said. He proposed using taxes and fees from the industry to finance and provide people with the necessary skills. According to Kasete, this approach will empower both…
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