insert_link Business / Economics Scale of opportunities in the oil and gas sector immense The third Oil and Gas Conference is underway at the Mercure Hotel in Windhoek, drawing industry leaders, government officials, and investors for four days of discussions on Namibia’s growing energy sector. The event, which concludes on Friday, is being covered by Future Media’s Angie Scholtz. Speaking during one of the panel discussions, Angelique Peek from RMB Namibia noted that the scale of opportunities in the sector is immense. “One project, […] today14 August, 2025
insert_link Business / Economics Private Sector Credit Growth Accelerates to Pre-Pandemic Levels . Private sector credit grew by 5.7% year-on-year in June, up from 4.1% in May—the fastest pace since early 2020. Corporate credit surged 10.6%, fueled by strong activity in mining, energy, retail, and manufacturing sectors. Overdrafts jumped 17.4%, driven largely by real estate development and rising consumer demand, explained Simonis Storm economist Almandro Jansen. today5 August, 2025
insert_link Business / Economics August Fuel Prices Remain Unchanged, Ministry Confirms Fuel prices will stay unchanged throughout August, according to Anna Salkeus of the Ministry of Mines, Industry and Energy. While petrol saw a minor over-recovery and diesel a notable under-recovery, the National Energy Fund will offset the losses. This stability is attributed to a stronger Namibian dollar and reduced shipping costs. today4 August, 2025
insert_link Business / Economics Youth Dive Into Oil & Gas Sector at Walvis Summit Over 800 young people, professionals, and investors convened in Walvis Bay for the 2nd Youth in Oil and Gas Summit to explore opportunities in the energy sector. The event featured technical workshops, networking sessions, and expert guidance. Two participants shared their aspirations with NewsOnOne. today28 July, 2025
insert_link Interview Transcripts Interview: Activist Questions ReconAfrica’s Oil Claims and Namcor Share Deal Silence Social justice advocate Roob Parker is demanding answers over what he calls a troubling lack of transparency surrounding ReconAfrica’s operations in Namibia. In an interview, Parker questioned why a 2022 letter of intent — which proposed the sale of 5% of Namcor’s shares in ReconAfrica — never materialized into a completed transaction. “The shares were supposed to be sold at roughly $4 to $4.50 each, but here we are, years […] today23 July, 2025
insert_link Business / Economics Parker Slams Lack of Clarity in ReconAfrica Oil Venture Rob Parker, a prominent social justice activist, has cast doubt on the legitimacy of ReconAfrica’s operations, citing broken commitments and suspicious share activity. He demands full disclosure, especially on Namcor’s continued involvement in a project he claims lacks any tangible oil findings. today23 July, 2025
insert_link Business / Economics PETROFUND Backs Youth Oil & Gas Summit in Walvis Bay. The Petroleum Training and Education Fund has thrown its weight behind the upcoming Youth in Oil and Gas Summit, happening from 24 to 25 July in Walvis Bay. Under the banner “Drilling into the Future: Empowering Youth in the Oil and Gas Revolution,” the gathering aims to equip young people with key skills and industry knowledge. PETROFUND spokesperson Shoki Kandjimi: today15 July, 2025
insert_link Business / Economics August Oil and Gas Conference to Drive Alignment The third Oil and Gas Conference, happening from 12 to 15 August , will unite industry players, government, and partners to focus on aligning the sector with national development plans during the shift from exploration to production. Jason Kasuto is the Chairperson of the Economic Association: today11 July, 2025
insert_link Business / Economics India’s Modi’s Visit Sparks Talks on Oil, Trade and Parliament Speech India's Prime Minister Narendra Modi starts his state visit to Namibia today, aiming to seal new deals in trade, health, and education while addressing Namibia’s parliament. Officials say oil sector investment is high on the agenda, with economic analyst Salomo Hei weighing in on what the visit could mean. today9 July, 2025
