Uranium One completes 50% of exploration drilling in Leonardville

Uranium One completes 50% of exploration drilling in Leonardville

Uranium One, a Russian state-owned company that specialises in uranium exploration, mining, and processing has started exploration drilling in Leonardville. Aldo Hengari, the Director of Operations at Uranium One says 50 percent of the work is done. According to the World Nuclear Association, Namibia has some of the largest uranium-producing mines in the world. These include Uranium One, Husab, and Rössing. In 2022 Kazakhstan produced the largest share of uranium […]

April 17, 2024 73

Business / Economics

Bank of Namibia holds repo rate at 7.75%

The Monetary Policy Committee of the Bank of Namibia has decided to keep the repo rate unchanged at 7.75 percent, with the prime lending rate holding steady at 11.50 percent. This is the second monetary policy announcement by BoN this year. Governor of the Bank Johannes !Gawaxab. Governor !Gawaxab highlighted that risks to the domestic economic outlook have remained broadly unchanged since the previous MPC meeting, although the conflict in […]

April 17, 2024 29

Africa

Africa’s millionaire population expected to increase by 65%

There is USD 2.5 trillion in total investable wealth currently held on the African continent, and its millionaire population is set to rise by 65% over the next 10 years. This is according to the 2024 Africa Wealth Report, published by Henley & Partners and wealth intelligence company New World Wealth. In its 9th edition, the latest report reveals that there are currently 135,200 high-net-worth individuals with a liquid investable […]

April 16, 2024 4

Namibia

NamPol launches search for fugitive prisoners in Zambezi region

Police have launched a massive manhunt for 11 prisoners who escaped from a police holding cell in the north-eastern Zambezi region. The trial-awaiting escapees cut through the roof of the Katima Mulilo police station before escaping. Locals have been warned to be vigilant as the prisoners were awaiting trial for serious crimes. Here is the NamPol spokesperson in the region, Inspector Kisco Sitali.

April 16, 2024 48

Health / Medical

More African countries recall Johnson & Johnson cough syrup

A batch of the children's cough syrup manufactured by Johnson & Johnson in 2021 has now been recalled by drug authorities in six African countries. This the BBC reports is after Nigeria's drug agency warned that it contained high levels of a toxic and potentially fatal substance. Drug regulators in Tanzania and Zimbabwe are the latest to recall the syrup as a precautionary measure. South Africa's drug regulator said batch […]

April 16, 2024 37

Namibia

Government allocates N$ 19 million to information commission

The Ministry of Information and Communication Technology has earmarked N$19 million for the operations of the Information Commission, aligning with the forthcoming implementation of the Access to Information Act which is set to tackle key concerns regarding government transparency and citizen access to vital information for decision-making and socioeconomic development. The Access to Information Act is poised to address critical issues surrounding government transparency and citizen empowerment with information critical […]

April 16, 2024 42

Namibia

Japan invests millions in nutrition and resilience projects in Namibia

Japan's government has allocated N$23.5 million for collaborative projects with the World Health Organisation and the Food and Agriculture Organisation in Namibia to enhance access to nutrition and protection services for vulnerable groups in the Omaheke, Khomas, and Kunene Regions. Another initiative, ‘Emergency response to enhance resilience and mitigate climate-induced impacts on livelihoods, food and nutrition security of the most vulnerable household in Namibia in the Kavango East, Kavango West […]

April 16, 2024 32

Namibia

Daily Maverick’s one day shutdown starts discussion within Namibian media sector

The Southern Africa Development Community Media is in the middle of a digital revolution. Should media houses go digital or die? And does radio remain king in this fast-changing world? Print media is the oldest means by which people still share information across an entire group of audiences. But it is buckling under pressure from Big Tech. And the change will only accelerate. Just today, Daily Maverick, one of South […]

April 15, 2024 39

Business / Economics

Industrialisation Ministry holds Erongo region consultations

The Ministry of Industrialisation and Trade is undertaking public consultations in the Erongo Region today on three key legislative and policy documents in a clustered form to get inputs from all stakeholders. Here is the Ministry's spokesperson Elijah Mukubonda.

April 15, 2024 44