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Martin Endjala In the digital transformative world, innovative ways of doing business have become a prerequisite for many Small and Medium Enterprises (SMEs) to navigate the demands of high-tech payment and cash withdrawal systems. Papa G, who owns Papa G’s Chicken in Grysblock, Windhoek, narrated his experience with a Portable Point of Sale (POS) commonly known as a swiping machine, describing it as convenient for his customers. He told the Windhoek Observer this week that some customers do not walk around carrying money, and the convenience of him having a swiping machine has been a game changer. “Trust me if…

Erasmus Shalihaxwe The Ministry of Mines and Energy has approved the 2024 ministerial determination for the procurement of new power generation projects, in line with the National Integrated Resource Plan (NIRP) of 2022. In a statement issued on Thursday, the minister of mines and energy, Tom Alweendo said the determination serves as a strategic guide for NamPower and the broader Electricity Supply Industry (ESI) in the development, procurement, and execution of critical energy projects. The minister emphasised that the determination reflects the government’s commitment to enhancing energy security and advancing energy independence through sustainable power generation. The initiative is expected…

De Beers has stripped around 10 sightholders of their rough-diamond allocations for 2025 and is planning to offer fewer goods overall, market insiders told Rapaport News. Those companies will retain their sightholder status, but the miner will not give them a consistent allotment of supply because they did not buy enough in 2024, the sources said. Several of them are in mining countries such as Botswana, where rough purchases and polished production have slumped this year, they added. The total value of allocations next year will be 20% to 30% lower than this year, according to the sources’ estimates, reflecting…

CHAMWE KAIRA Deep Yellow Limited, which is developing Tumas project in the Erongo Region has said that in total 73.8 million pounds of uranium oxide will be produced over a total life of mine of 30 years. Commenting on the milestone Deep Yellow Managing Director/CEO Mr John Borshoff commented: “This major ore reserve upgrade continues to confirm the upside potential of the Tumas project. We now have a reserve with a 30-year Life of Mine expectancy with potential to increase this by a further five to 10 years with further work in the coming years. All of this augers very…

CHAMWE KAIRA Total of quota species landings during the third quarter of this year amounted to 76 347 metric tons, a decline of 2,8% when compared to 78 509 metric tons recorded in the third quarter of 2023. Hake recorded the highest landings of 41 678 metric tons, followed by horse mackerel in second place recording 31 366 metric tons and in third place Monk that recorded 2 333 metric tons, according to the Namibia Statistics Agency’s Agriculture and Fishing Indicators Statistical Bulletin. Export earnings for ‘fish and crustaceans, molluscs and other aquatic invertebrates’ for the third quarter was valued…