insert_link Business / EconomicsGovernment 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 AfricaBotswana 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 / EconomicsDeputy 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 / EconomicsInterview: 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 / EconomicsCourt 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
