Namibia has signed two Memorandums of Understanding (MoU) with Japanese firms in the areas of oil and gas, and synthetic fuels, Director General of the National Planning Commission, Obeth Kandjoze has announced.

Acting Public Enterprises minister, Ipumbu Shiimi has appointed a new Namibia Industrial Development Agency (NIDA) board chaired by Bidvest Namibia CEO, Sebby Kankondi.

Savanna Beef Processors in its latest update, says it has now raised N$16.52 million from a targeted N$54 million, a week after opening its second capital raise which is due to close on the 9th of September 2022.

The Ministry of Mines and Energy has for the second time in two years temporarily suspended the issuing of downstream petroleum licences. 

United States energy giant Chevron Corporation (Chevron) is set to acquire a majority stake in a highly coveted ultra-deepwater block offshore Namibia, just north of TotalEnergies huge Venus discovery.

The Namibian Ports Authority (Namport) which is part of the master plan for four green hydrogen industry pilot projects worth N$892 which will soon be implemented in Namibia says its targeting to increase the usage of clean energy to power its operations. 

Businessman and former director of C-Sixty Investments (now Nuska Technologies), Tironenn Kauluma is demanding N$201 487 from the diamond valuing company.

As we head towards the end of the year, some companies are more willing to donate and sponsor events to ensure their budgets are well utilized. 

The Namibia Investment Promotion and Development Board (NIPDB) has deployed five Investment and Export Promotion Attachés (IEPA) to strategically selected markets as it seeks to attract more investment into the country.

The Hartlief Group,  a subsidiary of the Ohlthaver & List (O&L) Group and the Namibia Food and Allied Workers Union (NAFAU) has signed a one year substantive agreement, taking effect on 1 July 2022.