Namibia News Archives - AfricaBusiness.com

Namibia’s Largest Oil and Gas Conference Returns in August

5Jul

By Africa BusinessNo Comments

Energy, Namibia News

Namibia’s Largest Oil and Gas Conference Returns in August

Building on the success of its first edition, and in response to calls for a follow-up conference, the Namibia Oil and Gas Conference has confirmed it will return to Windhoek from 20-22 August 2024. With over 800 delegates, key industry stakeholders and players together under one roof, the first Namibia Oil and Gas Conference in 2023 was a resounding success - fuelling knowledge and innovation. The conference laid the solid foundations of a strategic roadmap for guiding both the public and private sectors on how Namibia can best benefit from investments in the sector. The event is hosted by the Economic Association of Namibia (EAN), in partnership with the Namibia Investment Promotion and Development Board (NIPDB) and the Hanns Seidel Foundation (HSF), with the strategic partnership of...

Interview with John Sisay on Mining Industry Trends in Namibia

25Jan

By Africa BusinessNo Comments

Business, Interview, Main, Namibia News

Interview with John Sisay on Mining Industry Trends in Namibia

John Sisay is the CEO of Ongopolo Mining Limited and has over 20 years of experience working for some of the largest global and regional players, including De Beers. How does the recent decision to ban the export of unprocessed critical minerals affect Namibia’s mining industry and economy? Namibia's recent decision to prohibit the export of raw minerals is a direct response to the growing global demand for metals essential in clean energy technologies. To meet this demand, we need to ensure a steady supply, and the local economy should be placed at the center of production The legislation is taking us in the right direction. It’s a big shift for the country, moving from just exporting minerals to actively producing them – a major industry transformation. It's time for mining operatio...

30Oct

By Baker McKenzieNo Comments

Egypt News, Energy, Ghana News, Kenya News, Morocco News, Namibia News, Nigeria News, South Africa News, Tanzania News, Uganda News

Africa: Energy transition policies and regulatory developments light up across the continent

Across the continent, countries in Africa are gearing up for the energy transition by implementing policy and legislative frameworks that take into account the energy crisis and the need for a renewable, decarbonized, decentralized energy supply that addresses climate change and the commitments made under the Paris Agreement. Ahead of the United Nations Climate Change Conference, COP 27, in Egypt in November this year, lawyers in Egypt, Ghana, Kenya, Morocco, Namibia, Nigeria, South Africa, Tanzania and Uganda have outlined the efforts taken by the governments in their countries to address this urgent need to harness renewable power. Such efforts are expected to provide exciting opportunities for investors in the African energy sector. Egypt Lamyaa Gadelhak, Baker McKenzie Cairo Partner ...

4Jul

By Jana BothaNo Comments

Ghana News, Kenya News, Main, Namibia News, Nigeria News, South Africa News, Tanzania News, Zambia News, Zimbabwe News

Indirect tax developments in Sub-Saharan Africa

By Jana Botha, VAT Consultant, Baker McKenzie Johannesburg There have been significant developments in indirect tax within Sub-Saharan Africa (SSA) in the past year. The vast majority of developments have been based around VAT amendments and policies, as well as general budget updates for 2022 across SSA. This article includes key developments from Ghana, Kenya, Namibia, Nigeria, South Africa, Tanzania, Zambia and Zimbabwe. Ghana The Parliament of Ghana passed the Value Added Tax (Amendment) Act, 2021 (Act 1072) to bring VAT proposals into effect. The Amendment Act came into force 1 January, 2022. The policy includes a revision of the VAT flat rate scheme (VFRS). Act 1072 has now revised the application of VFRS to only cover retailers of goods where the value of taxable supply is betw...

11May

By Africa BusinessNo Comments

Ethiopia News, Ghana News, Kenya News, Main, Mauritius News, Mozambique News, Namibia News, Nigeria News, South Africa News

The rapid rate of competition law developments across Africa

By Lerisha Naidu, Partner, Angelo Tzarevski, Associate Director, Sphesihle Nxumalo, Associate and Zareenah Rasool, Associate, Competition & Antitrust Practice, Baker McKenzie Johannesburg Baker McKenzie's latest Africa Competition Report 2022 provides a detailed analysis and overview of recent developments in competition law enforcement and competition policy in 32 African jurisdictions and regional bodies. The Report outlines how, over the past two years, African competition regulators have actively engaged in efforts to address pandemic-related challenges, but there has also been a general upward trend in competition policy enforcement across the continent. This trend is highlighted by a number of significant recent developments in competition law regulation across the continent. Co...

3May

By Africa BusinessNo Comments

Energy, Namibia News

Hydrogen: Beyond the Hype

Hydrogen has been garnering a lot of attention in recent times. At COP26, the UK government unveiled a hydrogen-powered train to ferry passengers to and from the summit in Glasgow. Indeed, there is a lot of hype at the moment, and Africa appears to be at the centre of many hydro-based conversations. An interactive boardroom session at Africa Energy Forum 2021 assessed and deliberated the region’s readiness to underpin a hydrogen economy. It is important to note that much of the discussion centred on green hydrogen (which is produced using renewable electricity), as opposed to grey and blue hydrogen which leverages fossil fuel-based power. Participants, from government representatives and financiers to technology manufacturers and energy solutions providers, presented several key point...

18Oct

By Africa BusinessNo Comments

Namibia News

Engen provides oxygen relief to truck drivers

Long-distance truck drivers who need urgent medical attention can breathe easily after Engen recently handed over six oxygen concentrators to the Walvis Bay Corridor Group (WBCG) Wellness Services to assist in their fight against Covid-19. The official handover of the oxygen concentrators occurred during the launch of the WBCG Drive-Thru Vaccination Programme in Windhoek. The six oxygen concentrators will be used by front-line health workers at WBCG Mobile Wellness Clinics across Namibia to improving the quality of care provided to those urgently requiring oxygen. “Health and Safety is entrenched in every aspect of our operations and as a responsible corporate citizen, Engen is committed to conducting business in a manner that is compatible with the social needs of the communities...

1Oct

By Baker McKenzieNo Comments

Ethiopia News, Kingdom of Eswatini News, Main, Malawi News, Mozambique News, Namibia News, South Africa News

Increasing competition policy enforcement across Africa

By Angelo Tzarevski, Associate Director, and Zareenah Rasool, Candidate Attorney, Competition & Antitrust Practice, Baker McKenzie Johannesburg Competition policy continues to be viewed by regulators as a key driver of economic growth globally. Across Africa, competition policy enforcement is increasingly being employed as a tool to boost economic performance and promote the revitalization of trade and industry following the devastating impact of COVID-19. The effects of the pandemic have led to negative economic growth in a number of African jurisdictions, and have given rise to opportunistic, anticompetitive behaviours such as unreasonable price increases and price gouging, coordination amongst competitors, and other unsavoury business practices that erode competition. Over the pas...

6Aug

By NJ AyukNo Comments

Energy, Namibia News

No need to Lament about the Oil Discovery in Namibia’s Kavango Basin. What About the Huge Benefits It Represents for Namibians? (By NJ Ayuk)

Six months ago, Canadian oil and gas company Reconnaissance Energy Africa Ltd. (“ReconAfrica”) began exploratory drilling in the deep Kavango Basin of northeast Namibia and into northwest Botswana. The company holds a total licensed area of 8.5 million acres in the area, and it hoped to find massive reserves of conventional oil in this thick Permian sequence. In April, ReconAfrica released exciting preliminary data from its exploratory wells that confirmed an active petroleum system. According to Petro Online, “Analysts estimate the company could generate 120 billion barrels of petroleum on just 12% of this footprint, potentially outperforming the oil-rich Permian Basin in Texas if exploration continues.” The giant onshore reserves of conventional oil and gas means that normal production...

31Mar

By Africa BusinessNo Comments

Energy, Namibia News

Engen Namibia receives coveted Diamond Arrow Award

Engen Namibia received a Diamond Arrow Award, at the annual Professional Management Review (PMR) awards ceremony which was held on 15 March 2021 in Windhoek at the Safari Court Hotel. Engen Namibia was recognised as the “The most admired petroleum/diesel brand in Namibia”. Managing Director of Engen in Namibia, Christian Li, says the award recognises the hard work, dedication and commitment of our team, and business partners together with the support of our valued customers and stakeholders. “We are extremely proud to share this award and would like to thank you for your continued support.” The PMR Africa survey profiles business excellence in Namibia as a growth point and potential investment area for foreign and local developers and investors. Criteria for the award included measuring...