Namibia 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...

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...

16Apr

By Baker McKenzieNo Comments

Botswana News, Egypt News, Main, Mauritius News, Morocco News, South Africa News

Competition law in post-pandemic Africa a key driver for market participation, consumer protection and fair practices

With the growth of economies across Africa, competition law has remained one of the key drivers for effective market participation, consumer protection and fair business practices. However, the global pandemic introduced new challenges for competition authorities in Africa and abroad, with each enforcer pursuing the most beneficial enforcement method for its national or regional jurisdiction. According to Lerisha Naidu, Partner in Baker McKenzie’s Competition & Antitrust Practice in Johannesburg, “These efforts were aimed at curbing the persistence of unjustified price hikes, anticompetitive cooperation between competitors and other harmful business practices that sought to undermine competition. In addition to the urgent responses to the unprecedented impacts of the global COVID-19 c...

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...

10Apr

By Johan BurgerNo Comments

Egypt News, Energy, Eritrea News, Ethiopia News, Ghana News, Green Energy, Kenya News, Main, Namibia News, Nigeria News, Republic of Côte d'Ivoire (Ivory Coast), Rwanda News, Somalia News, South Africa News, South Sudan, Togo News, Zimbabwe News

Trends and Events in Africa 2018

by Johan Burger 2018 has been an interesting year for Africa, with various events and trends becoming visible. 2016 saw the effects of the slowdown of China’s economic growth due to its rebalancing of its economy and the end of the commodity price super cycle. 2017 brought some relief. In Africa, 2018 demonstrated a number of continued trends, but also some new events. The NTU-SBF Centre for African Studies publishes a weekly newsletter. These were studied to pick up on the trends prominent in 2018. Some of these trends are more elaborate than others. Trend 1: Foreign Investment in Africa Africa has been the recipient of foreign investment form a variety of foreign countries. In addition to the normal investors such as China, Japan, India, etc., we are also seeing new entrants or countries...

10Apr

By Johan BurgerNo Comments

Energy, Kenya News, Main, Namibia News, Rwanda News, Zambia News

Friday@Noon on Infrastructure in Africa: 2018

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. General Africa has vast infrastructure needs. According to the AfDB, Africa's infrastructure requirements are estimated to be between US$130 billion and US$170 billion, far higher than the previous estimation of US$93 billion a year. The AfDB’s 2018 Annual Report said the new estimates left a financing gap of US$108 billion. Given this, and urgent needs in health, education, administrative capacity, and security, Africa has to attract private capital to accelerate the building of critical infrastructure needed to unleash its potential. African countries do not need to wait until all financing gaps are filled before the...

22Jul

By AfricaBusiness.comNo Comments

African News

Groot Group and Partners to Develop Africa’s Largest Glass Manufacturing Plant in Tses, Namibia

Tses Glass is expected to become the largest dynamic glass manufacturing factory in Africa focused on producing industry leading glass products with the type of float glass, hollow glass, glass wool and fiber, cast glass, and ultrathin glass for the construction of residential and commercial buildings as well as for automobiles, kitchenware, bottles, touch screen computing, and smart phones devices for the markets around the world. Windhoek, Namibia, July, 2012 --(PR.com)-- Groot Group, SDS Group, Nissi, and the Tses Community are joining forces on an equal shareholding value to form a joint venture, namely; Tses Glass (Pty) Ltd, for the development of the Tses Glass Manufacturing Plant (Tses Glass) in Tses, Southern Namibia. Tses Glass is expected to become the largest dynamic glass manuf...