insert_link Business / Economics Government denies claims of plan to buy stake in De Beers De Beers store (Photo by: Financial Times) The government has rejected reports suggesting that the Cabinet approved a plan for the country to acquire a stake in the De Beers Group. The rumoured transaction claimed Namibia would purchase a 10–15% share in the global diamond company, valued at roughly N$14.5 billion, together with Botswana and Angola. In a statement, the Ministry of Industrialisation, Mines and Energy clarified that the Cabinet […] today19 November, 2025
insert_link Africa Botswana enforces 24% local ownership rule in mining sector The Karowe Diamond Mine in Botswana (Source: Lucara Diamond) Botswana has officially enforced a new regulation requiring mining companies to sell a 24% stake in new concessions to local investors if the government decides not to take the share itself, the Ministry of Minerals and Energy confirmed on Friday. The rule, which came into effect on 1 October, is part of amendments to the Mines and Minerals Act aimed at […] today13 October, 2025
insert_link Business / Economics Deputy Prime Minister visits NAMDIA Photo: Namdia Namib Desert Diamonds (NAMDIA) hosted Deputy Prime Minister and Minister of Industries, Mines and Energy, Natangue Ithete, at its headquarters on Monday, 15 September 2025. According to the diamond marketing and sales company, the high-level delegation, including Executive Director Moses Pakote and other ministry officials, was received by NAMDIA’s Board of Directors, executive management, and staff. The visit aimed to deepen collaboration and reaffirm the Ministry’s support for […] today16 September, 2025
insert_link Business / Economics Interview: Erastus Cautions Against Rushed Nationalisation, Urges Strategic Preparation Economist Gabriel Erastus has urged lawmakers to proceed with caution on proposals to nationalise Namibia’s strategic sectors, warning that such decisions must be guided by strategy, skills, and solid research. Speaking in response to a recent proposal by National Assembly member Mr. Kaaronda on the nationalisation of key sectors and resources, Erastus acknowledged that the call “comes from a good place” — especially in light of limited national benefits […] today23 June, 2025
insert_link Business / Economics Court hears Namdia diamond heist case as investigations continue Three individuals appeared in the Keetmanshoop Magistrate’s Court on Wednesday, facing charges under the Prevention of Organised Crime Act and the illicit trafficking of goods under the Diamond Act. The case, which has drawn significant public interest, was postponed to 7 August 2025 as police continue their investigation. The suspects were apprehended on Monday following coordinated police raids at their residences. The arrests are linked to diamonds stolen in […] today7 May, 2025
insert_link Business / Economics Presidential advisor calls for better industry security in the wake of Namdia robbery Namib Desert Diamonds head office, Windhoek Presidential Economic Advisor James Mnyupe says that he does not believe the robbery at Namib Desert Diamonds will have a significant impact on the economy. He said the incident shows the value of Namibia's commodities, such as diamonds, which are highly sought after globally. Mnyupe called for improvements in security concerns within the industry. today21 January, 2025
insert_link Local UPDATE ON ARMED ROBBERY ON NAMDIA PREMISES 19 January 2025 – NAMDIA confirms that the incident that occurred at its premises in the early evening hours of Saturday, 18 January 2025, has been confirmed as an armed robbery and not an attempted armed robbery as previously stated. A formal police docket has been registered under charges of Armed Robbery with Aggravating Circumstances and Murder. NAMDIA is aware of the circulation of inaccurate reports on social media regarding […] today20 January, 2025
insert_link Namibia NAMDIA Launches Global Client Registration Campaign for Local Rough Diamonds NAMDIA has unveiled its New Client Registration campaign, which will run through January 31, 2025. The campaign is part of NAMDIA’s dedication to transparency and international growth, providing potential clients with an easy registration process on its website. NamDIA Chief Executive, Alisa Amupolo : today5 November, 2024
insert_link Local Meya Mining’s 391-Carat Diamond Recovery Marks Mega Clippir Discovery Trustco Group Holdings Ltd ("Trustco") has announced the results of a recent examination of the 391.47-carat diamond recovered by Meya Mining ("Meya") in Sierra Leone. Trustco holds a 19.5% interest in Meya, which operates under a 25-year exclusive diamond mining license in the Kono District. The 391.47-carat diamond was part of a 515-carat rough diamond recovered in the Meya River kimberlite domain on Tuesday, 20 August 2024, during the […] today22 October, 2024
