South African low-cost airline, FlySafair is set to launch scheduled flights to Windhoek in addition to Harare and Zanzibar after receiving permission from the International Air Services Council.

The Namibian vehicle market had a promising start in 2023, with 798 units sold in January 2023, compared to 708 in January 2022, representing a year-on-year increase of 12.7%. 

FlyEtosha Airways is still to secure the prerequisite licences to start offering scheduled flights in the country, The Brief can reveal. 

Namibia's cattle market posted a 2.3% growth in 2022, reaching a total of 240,463 head, marking the first annual expansion in the past three years, according to Agribank.

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The Capricorn Group, has announced the appointment of Vetumbuavi Mungunda as a non-executive director of Bank Windhoek, effective 8 February 2023. 

The Construction Industries Federation of Namibia (CIF) has expressed concern over the government’s lack of support for local companies.

A rental deposit is a payment made by a tenant to a landlord or property management company before moving into a rental property, such as an apartment or house.

Oil majors, TotalEnergies and Shell, have invested billions in their ongoing oil exploration activities off the coast of Namibia, according to a report by Evercore ISI. 

In December 2022, Shell commenced its three-well exploration campaign, with an investment of N$2.4 billion (US$124 million) for the Deepsea Bollsta, at an average daily rate of N$6 million (US$340,000). 

The contract, which has a six-month option, could extend until mid-June 2024. 

A second floater is expected to arrive offshore Namibia by mid-February 2023, with the Tungsten Explorer mobilising from the Eastern Mediterranean for a two-well appraisal programme at TotalEnergies’ Venus discovery. 

According to the investment banking advisory firm, the 225-day contract is reported to be valued at N$1.4 billion (US$79 million), with an average daily rate of N$6.2 million (US$351,000). Unexercised options could keep the seventh-generation drillship contracted until February 2026.

In the second quarter of 2023, TotalEnergies is reported to have contracted a second rig, the Deepsea Mira from Norway, for a 300-day exploration and appraisal campaign at Venus.

The N$2.4 billion (US$135 million) contract implies an average daily rate of N$7.9 million (US$450,000) for the sixth-generation semi-submersible, which likely includes reimbursement for mobilisation and reactivation.

All three floaters are expected to be operational throughout the next summer and into the fall, with options potentially keeping Namibia’s floater count at a record three units throughout the first quarter of 2024. 

According to S&P Global, there is a probable 50% probability of TotalEnergies proceeding with a development tender in mid-2024 and four possible 50% probability exploration tenders from Eco Atlantic and ExxonMobil for 2024-2025.

Exploration companies have invested over N$30 billion in the country since independence, according to the Namibia Petroleum Operators Association (NAMPOA).

The 2023 Evercore ISI E&P Spending Outlook predicts that global exploration and production spending will increase by at least 14% in 2023, decelerating from 20% growth in 2022.


Bannerman Mining Resources has been the 2023 ESG Forum Award in the Community Engagement category at the African Mining Indaba in Cape Town. 

Engen and Vivo Energy have announced their plans to merge their African operations, including Namibia, to form one of Africa's largest energy distribution companies.