Paladin hit with class action

Paladin hit with class action

CHAMWE KAIRA Paladin Energy, the owner of the Langer Heinrich uranium mine in the Erongo Region, confirmed this week that it been served with a class action proceeding in the Supreme Court of Victoria in Australia. The class action alleges that Paladin made misleading representations and contravened its Australian Stock Exchange (ASX) continuous disclosure obligations between 27 June 2024 and 11 November 2024. Paladin said it intends to strongly defend this claim. Paladin is also dual listed on the Namibian Stock Exchange. “The statement is in order. They have to respond to the allegations in normal course of business and…
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ReconAfrica eyes oil exploration in Angola

ReconAfrica eyes oil exploration in Angola

CHAMWE KAIRA Canadian firm, Reconnaissance Energy Africa (ReconAfrica) has announced an agreement for a joint exploration project in Angola with the Agência Nacional de Petróleo, Gás e Biocombustíveis or National Oil, Gas and Biofuels Agency (ANPG).  ReconAfrica said it has entered into a Memorandum of Understanding (MOU) with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. ANPG is Angola’s national concessionaire and regulator.  The agreement is a strategic addition to the company’s asset portfolio, which creates an opportunity for early entry into onshore Angola at a low cost, with minimal work commitments. It…
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Long uranium supply chain broken

Long uranium supply chain broken

CHAMWE KAIRA Deep Yellow managing director and CEO, John Borshoff has said the uranium market is at an extraordinary stage in the uranium supply sector. He said the market has a situation where the long-term uranium market is essentially broken. This is due to more than a decade of sector inactivity, persistently depressed uranium prices, and utility offtake contracting practices which are yet to support the development of greenfields uranium production, Borshoff said. He said although the Tumas project in the Erongo Region is economic at current long-term uranium prices, these prices do not reflect or support the enormous amount…
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BIPA forgives N$219 million in fines for over 28 000 businesses

BIPA forgives N$219 million in fines for over 28 000 businesses

Hertta-Maria Amutenja  Since the beginning of its yearly duty penalty waiver program in November 2023, the Business and Intellectual Property Authority (BIPA) has forgiven fines totalling N$219 million for 28 203 businesses. This follows the extension of the waiver deadline to 30 September 2025, aimed at helping thousands of non-compliant businesses avoid deregistration and regain good standing. The waiver applies to all registered entities with outstanding annual duty payments and late fees from 2012 to 2022. BIPA confirmed that, as of 31 March this year, around 177 000 entities had not yet participated in the campaign. According to BIPA’s spokesperson,…
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NDF takes career guidance to rural schools

NDF takes career guidance to rural schools

Niël Terblanché As part of a regional school outreach effort, the Namibian Defence Force (NDF) this week visited several schools in the Oshikoto and Ohangwena regions, introducing learners to the various career paths available within the military. The visits form part of the Ministry of Defence and Veterans Affairs’ participation in a broader series of career fairs aimed at inspiring young people to consider defence service roles. Schools visited included Onankali South Combined School, Oshilungi Combined School, and Odjadjaxwi Combined School. At Onankali South, Principal Ruusa Simson welcomed the initiative, saying the decision to host a career fair on the…
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Oshikoto governor leads aerial health and livestock outreach

Oshikoto governor leads aerial health and livestock outreach

Niël Terblanché A proactive approach, particularly in regions susceptible to climate-induced adversities, has once again pointed out the importance of coordinated efforts in addressing both human and animal health challenges. In this regard, Governor Sacky Kathindi, accompanied by a multidisciplinary team of medical, veterinary, and security personnel, embarked on an aerial survey across the Oshikoto Region this week. The mission aimed to assess the impact of recent flooding and to address ongoing health and livestock concerns in the area. Utilising a Namibian Police helicopter, the delegation conducted flyovers of flood-affected communities within the Cuvelai Basin catchment area. On the ground,…
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Iipumbu calls for efficiency and innovation

Iipumbu calls for efficiency and innovation

Niël Terblanché The Minister of Home Affairs, Immigration, Safety, and Security, Lucia Iipumbu, met with the Department of Immigration Control and Citizenship on Wednesday as part of her ongoing series of familiarisation visits aimed at aligning government departments with national development goals. During the engagement, Iipumbu placed emphasis on modernising immigration operations and enhancing service delivery. She praised the continued rollout of the Namibia-Botswana bilateral agreement, which enables citizens of both countries to travel using national identity cards. “This arrangement has facilitated easier movement of people and goods, particularly at 24-hour border posts, thereby strengthening trade and regional cooperation,” she…
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Tender system in local authorities exposed as a cash cow

Tender system in local authorities exposed as a cash cow

Niël Terblanché Deputy Minister of Urban and Rural Development, Evelyn Nawases-Taeyele, says some regional and local authorities have become ATMs for known tender recipients, and this must stop immediately. She made the remarks on Wednesday while opening the first-ever Local Authorities Convention this week, on behalf of Minister Sankwasa James Sankwasa. “I have noticed that our regional and local authorities are highly riddled with corruption, financial mismanagement and irregularities, some of which border on incompetence by the staff members appointed, while some are a result of misguided political directions,” she said. She added that these authorities have become a haven…
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Water supply to Windhoek restored

Water supply to Windhoek restored

Niël Terblanché NamWater confirmed that repair work on the burst section of the Von Bach–Windhoek transfer pipeline was completed in the early hours of Thursday morning. According to Lot Ndamanomhata, the spokesperson of NamWater, the repair was finalised around 05:00, after which a controlled refilling of the pipeline commenced. "The outflow from Booster 2 to the Windhoek Terminal Reservoir has now been steadily ramped up to 600 cubic metres per hour, with an outlet pressure of 63 metres," he said in a statement. He added that this cautious approach, the utility added, is necessary to maintain system stability and avoid…
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Upstream prospects increase with light crude oil discovery in the Orange Basin

Upstream prospects increase with light crude oil discovery in the Orange Basin

Niël Terblanché The National Petroleum Corporation of Namibia (NAMCOR), in collaboration with its joint venture partners, has confirmed the discovery of light crude oil at the Capricornus 1-X exploration well, located offshore in Block 2914 within the Orange Basin. The operator of Petroleum Exploration Licence 85 (PEL 85), Rhino Resources, announced the conclusion of a drilling campaign conducted with the Noble Venturer drillship. The well, which was spudded on 17 February and reached total depth on 2 April, encountered 38 metres of net hydrocarbon pay within its primary Lower Cretaceous target. Notably, no water contact was observed in the reservoir,…
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