insert_link 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 […] today22 August, 2024
insert_link 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. today22 August, 2024
insert_link Africa Senegal Establishes Expert Commission to Review and Rebalance Oil and Gas Contracts Senegal has formed a commission of legal, tax, and energy experts to reassess and potentially renegotiate its oil and gas contracts in the national interest, as announced by Prime Minister Ousmane Sonko. Reuters says, this move follows President Bassirou Diomaye Faye's election victory in March, who has pledged to audit and, if necessary, renegotiate contracts with foreign operators to better serve Senegal's interests. today20 August, 2024
insert_link Business / Economics Namibia Oil & Gas Conference Kicks Off Today in Windhoek The 2nd edition of the Namibia Oil & Gas Conference begins today in Windhoek and runs until August 22. The event gathers industry leaders, policymakers, and energy experts from around the world to discuss the future of energy, technological advancements, and sustainable practices within the oil and gas industry. Lüderitz Mayor, Phillipus Balhao is a speaker at the conference. today20 August, 2024
insert_link Business / Economics Namibia to Host Oil and Gas Conference in August Namibia will hold the Oil and Gas Conference in Windhoek from 20-22 August 2024. The event will gather key players in Namibia's oil and gas sector, along with civil society and the public, to discuss the potential, opportunities, and risks of developing the country's oil and gas industry. Chairperson of the Economic Association of Namibia, Jason Kasuto. today31 July, 2024
Entertainment Alert level raised for Philippine volcano after ‘explosive eruption’: volcanology agency The alert level for a Philippine volcano was raised Monday after an "explosive eruption" sent a plume of ash, gas and steam five kilometres (three miles) into the sky, the volcanology agency said. Mount Kanlaon on the central island of Negros erupted shortly before 7:00 pm (1100 GMT), prompting warnings for nearby residents to wear facemasks due the threat of volcanic gases and falling ash. "When it […] today3 June, 2024
insert_link Namibia Institute for Public Policy Research ‘s Integrity Namibia Project Hosts Regional Anti-Corruption Conference in Luderitz The Institute for Public Policy Research is launching the third regional anti-corruption conference today in Luderitz as part of its Integrity Namibia project. This initiative aims to establish a nationwide network of non-state actors dedicated to combating corruption in Namibia. The project plans to organize four regional conferences and one national conference by 2025. Here's director-Graham Hopwood. today7 May, 2024
insert_link Namibia Lüderitz Mayor Highlights Diverse Opportunities in Energy Sectors Lüderitz Mayor Phillippus Balhao emphasized that the oil, gas, and renewable energy industries offer extensive opportunities extending beyond government revenues. Addressing the Namibia Local Content Conference, Balhao underscored the potential for new economic sectors if these industries are managed wisely. He stressed the ongoing efforts to refine Namibia's local content policy framework, aiming for broad stakeholder engagement to empower Namibians in these sectors through training, job creation, and enterprise development. today17 April, 2024
insert_link Namibia Institute for Public Policy ResearchHosts Webinar on Extractive Industry Transparency Against the backdrop of Namibia's burgeoning oil and gas discoveries, expanding mining operations, and forthcoming green hydrogen production, the Institute for Public Policy Research organized a webinar focusing on transparency in the extractive sector. Collaborating with the Namibia Media Trust and Deutsche Welle, the webinar aimed to address the critical need for transparency in light of these developments. Graham Hopwood, Executive Director of IPPR, provided insights during the event. today4 April, 2024
