The Brief is an online news portal and going source with a focus on the Namibian business sector, current affairs, companies and financial markets.
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February 03, 2023
Companies (1194)
Deep Yellow now requires N$6.4bn for Namibia’s Tumas project
February 02, 2023
Deep Yellow’s expected capital investment in the Tumas uranium project in Namibia has increased to N$6.4 billion (US$372 million) from N$4.7 billion estimates in 2021, according to its latest definitive feasibility study (DFS).
Namibia’s trade with the rest of the world totalled N$225 billion last year compared to N$161.1 billion recorded in 2021.
Andrada reports positive results from drilling in Namibia
February 02, 2023
Andrada Mining Ltd. said Thursday it had found significant pegmatite mineralization, as well as some lithium mineralization at its Uis mine in Namibia as part of its lithium and tantalum drilling program.
Oryx Properties says it is not in a position to buy the Grove Mall, which is reported to be on the market at a N$1.8 billion valuation.
Savanna Beef Processors is planning to start construction of its new export beef-processing facility in May.
Thirty-three Gondwana establishments are recipients of the Booking.com Traveller Review Awards for 2023.
International ride-hailing company, Yango, has made its entry into the Namibian market with the launch of its services in Windhoek. This move comes as competition in the local market continues to heat up, with established players such as LEFA, TaxiConnect, InDriver, InterCity, Dial a Cab, and City Cab already operating in the area.
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Nam non-banking financial sector assets stagnant at N$357bn
January 31, 2023
Namibia’s non-bank financial institutions (NBFIs) sector saw its assets stagnating at N$357 billion at the end of the third quarter last year due to weaker performance in the financial markets.
Mobile Telecommunications Company (MTC) has announced that it has registered 966,000 of its subscribers and expects to register the remaining 1.7 million over the next 11 months using its biometric system, VERIFI.
Klaus Endresen, General Manager for the Norwegian oil company BW Kudu, was re-elected as the chairperson of Namibia Petroleum Operators Association (NAMPOA).
The Ministry of Agriculture, Water, and Land Reform is set to re-advertise the three green schemes of Katima Liselo, Tandjieskoppe, and Zone, after previous bids failed to interest investors.