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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Gas

22 Results / Page 1 of 3

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Business / Economics

30 August 2024 Morning Biz News: Letshego Namibia Upgraded, South Africa Inflation Falls, Global Shares Rise, and Major Entertainment Merger Approved

GCR Ratings Upgrades Letshego Namibia's Long-Term Issuer Ratings GCR Ratings has upgraded Letshego Namibia’s long-term issuer ratings to A+(NA), citing the successful listing of a N$322 million social bond on the Namibian Stock Exchange. According to The Brief, the bond proceeds will bolster financial inclusion in crucial sectors such as housing, healthcare, and education. The outlook for Letshego Namibia is now Stable. South Africa's Producer Inflation Declines South Africa's producer […]

todayAugust 30, 2024 21

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Business / Economics

22-29 August 2024 Weekly Economics Wrap: Global Economic Snapshot: Namibia’s Oil Boom, South Africa’s Market Movements, and International Financial Trends

Namibia’s Economic Growth Fueled by Oil and Gas Sector Namibia is set for a robust economic outlook with a forecasted GDP growth of 5.8% annually, largely driven by the burgeoning oil and gas sector. Deloitte’s recent Oil and Gas Industrial Baseline Survey reveals that this sector will contribute an average of N$11.5 billion to the GDP each year during the production phase. The discovery of significant crude oil reserves has […]

todayAugust 29, 2024 14

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Business / Economics

INTERVIEW: Activist Herbert Jauch Calls for Rethink on Namibia’s Oil and Gas Strategy

Windhoek, Namibia – Herbert Jauch, a prominent activist, has called for a fundamental reassessment of Namibia’s approach to oil and gas exploration. In a recent discussion, Jauch emphasized that the use of Namibia’s natural resources should benefit all Namibians, not just a select few, and warned against continuing with oil and gas extraction given the current global context. Jauch argued that Namibia's natural resources have long been controlled by foreign […]

todayAugust 27, 2024 13

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Namibia

Herbert Jauch Calls for Rethink on Namibia’s Oil and Gas Strategy

Activist, Herbert Jauch, has called for a fundamental reassessment of Namibia’s approach to oil and gas exploration. In a recent discussion, Jauch emphasized that the use of the country’s natural resources should benefit all Namibians, not just a select few, and warned against continuing with oil and gas extraction given the current global context.  

todayAugust 27, 2024 27

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Business / Economics

Panel Discusses Transparency and Resource Management at Oil and Gas Conference

At the Oil and Gas Conference, a panel emphasized the need for balancing transparency with natural resource management. They highlighted establishing governance structures, ensuring information access, and engaging stakeholders. The discussion also focused on conflict resolution, adaptive management, international standards, environmental sustainability, and the importance of public awareness and education. Graham Hopwood: Executive Director at the Institute for Public Policy Research.  

todayAugust 23, 2024 37

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Business / Economics

PwC South Africa’s Martin Solomon Talks Oil And Gas

The second annual Namibia Oil and Gas Conference is currently underway at the Mercure Hotel in Windhoek, centered around the theme "The Next Steps towards a Prosperous Oil and Gas Industry: Powering Namibia's Sustainable Future." The event features a panel discussion on Namibia's role in the global oil and gas market, with a focus on driving economic growth, market development, and transitioning towards a low-carbon economy. Martin Solomon, Energy SME […]

todayAugust 23, 2024 26

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Namibia

Namibia Targets 45% Local Service Provision in Oil and Gas Sector

Petroleum Commissioner, Maggy Shino announced that the country currently meets about 45% of the oil and gas industry's service needs. To further increase this capacity, the Ministry of Mines and Energy will create a supplier database and develop policies to boost local capabilities. The Ministry is focusing on advancing local content through updated policies and a comprehensive industrial survey. The upcoming phases will require significant investment, and the Ministry is […]

todayAugust 22, 2024 21

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Business / Economics

22 August 2024 Morning Biz News: NAMCOR’s Breakthroughs and Global Economic Shifts: Namibia’s Economic Boom, South Africa’s Inflation Drop, and Market Trends

  NAMCOR's Investment Boosts Economic Outlook NAMCOR's extensive drilling and investment efforts have paid off, with recent successes in the Orange Basin signaling a bright future for Namibia's economy. Interim Managing Director Ebson Uanguta revealed that after drilling 38 dry wells and investing over N$20 billion over the past three decades, Namibia is on track to potentially double its economy in the next 15 years. This achievement marks a significant […]

todayAugust 22, 2024 19

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Business / Economics

Bank of Namibia Supports Oil and Gas Sector with Flexible Exchange Controls

The Bank of Namibia affirms that the country's Exchange Control Policies and Laws are designed to foster a supportive investment environment for the emerging oil and gas sector. These policies facilitate foreign direct investments by allowing investors to bring in and repatriate funds through commercial banks, ensuring smooth operations in exploration and capital-intensive projects. Sandra Garises, the regulator's principal communication officer.  

todayAugust 22, 2024 26

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