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Bannerman completes scoping study

Bannerman completes scoping study

Bannerman Energy Ltd has announced the completion of a scoping study that evaluated future higher throughput and operating life cases for its flagship Etango Uranium Project in the Erongo Region. Bannerman said it remains fully committed to the timely development of the Etango project. The scoping study evaluation of the Etango projects was undertaken to demonstrate the potential technical and economic viability of subsequent expansion, the company said. The company expects the development of the project to cost US$320 million Bannerman Chief Executive Officer, Gavin Chamberlain, said: “Developing the world-class Etango Project at an initial 8 Mtpa throughput scale is…
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Car sales reached 1102 units in February

Car sales reached 1102 units in February

Total new vehicle sales reached 1102 units in February, nearly matching the sales figures from February last year, which stood at 1103 units. This represents a slight contraction of 0.1% year on year but an increase of 16% month on month. Simonis Storm Securities said historically, February tends to witness higher sales volumes compared to other months, likely due to post-festive season recovery and tax-related purchases. Furthermore, in February, rental agencies purchased 38 new vehicles, all of which were Toyota passenger vehicles. “Interestingly, there was no recorded data regarding vehicles sold to the government, despite an increase in budget allocation,”…
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Namibian Navy enhances security in Zambezi Region

Namibian Navy enhances security in Zambezi Region

Niël Terblanché In order to bolster security along Namibia’s perennial waterways, the deployment of the Namibian Navy on the Zambezi, Chobe, and Kavango rivers has markedly diminished security challenges that have long plagued the region. The Minister of Defence and Veterans Affairs, Frans Kapofi, said that the deployment of sailors in troubled areas is clear evidence of the Navy's successful efforts in curtailing illegal border crossings, unregulated fishing, poaching, and drug smuggling. The transformative impact of this deployment was underscored during the ceremonial renaming of the Naval Base Impalila to Naval Base Lieutenant General John Sinvula Mutwa, in honour of…
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Vandalism behind Okahandja extended power outage

Vandalism behind Okahandja extended power outage

Niël Terblanché NamPower has successfully restored electricity to Okahandja and its surrounding areas after a disruptive outage that began on the morning of Tuesday. The power cut, which plunged the town and surrounding areas into darkness for almost two days, was traced back to vandalism at the Okahandja Substation which is a critical juncture in the area's electricity supply network. Collin Klein, NamPower’s Area Manager for the Central Region, revealed that the outage was the result of intentional damage to a transformer component, inflicted by vandals at the CENORED Okahandja Intake Station. He said a cable on one of the…
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Namibian airports achieve success in ICAO safety audit

Namibian airports achieve success in ICAO safety audit

Niël Terblanché Namibia's aviation sector achieved a significant milestone when the Namibia Airports Company along with key stakeholders, successfully passed the International Civil Aviation Organization (ICAO) safety audit. The certification is the result of the implementation of improved regulatory compliance and safety measures. The audit, which scrutinized the performance of the Hosea Kutako International Airport and the Walvis Bay International Airport, highlighted the country's dedication to elevating its aviation standards. The results of the audit were announced by the Namibia Civil Aviation Authority’s (NCAA) Executive Director, Toska Sem who pointed to the significant strides made since the last evaluation in…
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Unfavourable ownership limitations prompt withdrawal of Katoro Gold Mining

Unfavourable ownership limitations prompt withdrawal of Katoro Gold Mining

Martin Endjala Katoro Gold Plc announced that it is withdrawing from investment projects in Namibia and South Africa, due to unfavourable local ownership limitations and a strategic shift towards higher-value ventures. Given the challenges encountered in obtaining evidence of ownership title for the Namibian project, Katoro Gold Plc’s Chief Executive Officer, Louis Coetzee said they have determined that it is prudent to cease further investment in this venture. This comes after Katoro entered into a binding conditional agreement with Trans Namibian Mining and Minerals (Pty) Ltd in 2022, to establish a 50-50 unincorporated joint venture. The joint venture aimed to…
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Dependents of war veterans demand amendment to Veterans Act

Niël Terblanché Members of the Association of the Dependents of Namibia's War Veterans took to the streets, marching towards the headquarters of the ruling Swapo Party demanding an amendment to the Veterans Act, In their petition, the association stated that the Veterans Act overlooks the rightful benefits of dependents born during the war for the liberation of Namibia. According to the current legislation, only children of war veterans under the age of 18 are eligible for benefits. In their petition, the association contends that this age restriction unjustly excludes many rightful dependents whose births coincide with the years of conflict…
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Zambezi traditional leaders calls for drought relief

Zambezi traditional leaders calls for drought relief

Niël Terblanché In an effort to address the pressing challenges facing the Zambezi region, President Nangolo Mbumba met with leaders of the four Traditional Authorities a day before Namibians celebrated Independence Day. The meeting held in the spirit of collaboration and mutual respect was aimed at introducing President Mbumba to the traditional leadership during which he requested their sage advice on various regional concerns. The gathering, which included the Masubia, Mafwe, Mayeyi, and Mashi Traditional Authorities, became a platform for voicing critical issues plaguing the region, most notably the devastating impact of drought. The leaders unanimously called on the government…
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Home Affairs Ministry refutes allegations of unlawful land acquisition for its headquarters

Home Affairs Ministry refutes allegations of unlawful land acquisition for its headquarters

Martin Endjala The Ministry of Home Affairs, Immigration, Safety and Security has refuted recent allegations circulating on social media regarding the acquisition of land where its headquarters are built unlawfully, terming the allegations baseless and defamatory. The social media message in question states that the Ministry’s new headquarters was allegedly built on the ruling party Swapo’s land and that the party had plans to build its headquarters there before abandoning the project. The allegation had it that as a result of this, the government is now paying rental fees to Swapo for occupying the party’s land It is also alleged…
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August 26 suffers setback in former MD case

Hertta-Maria Amutenja High Court Judge Hosea Angula dismissed an application by August 26 Logistics to change the venue of the hearing of a matter against its former Managing Director, Salatiel Ntinda, to the labour court. The case, which revolves around alleged unlawful decisions made by the board of August 26, saw the company challenging the court’s jurisdiction. Ntinda brought the matter before the court to declare certain board decisions unlawful. These decisions included Ntinda’s suspension from his position and the initiation of disciplinary proceedings against him, which he argued were made in violation of the Companies Act, 2004, and the…
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