Super User

Super User

American multinational energy corporation Chevron has completed a major deal worth N$1.8 billion in Namibia that sees it take control of a coveted exploration licence close to the Venus and Graff discoveries by TotalEnergies and Shell respectively. 

Finance Minister Iipumbu Shiimi says the government will not write off post-independence debts owed by Local Authorities because it will not be fair for other institutions that have honoured their repayment agreement. 

Letshego Bank Namibia's collaborative summit with the African Union for Housing Finance (AUHF) and ATENU Developments has found that N$100,000 is sufficient to deliver a decent housing unit in the Havana informal settlement if serviced land is made available. 

The Namibian Competition Commission (NaCC) says it neither approved nor was it consulted regarding Airlink’s acquisition of a 40% shareholding in FlyNamibia. 

The City of Windhoek (CoW) has secured two loans totaling N$155 million from the Development Bank of Namibia (DBN) to fund its shortfall to finance the N$228-million Khomas intake substation project to ensure additional capacity to support the City’s forecasted power demand. 

The Ministry of Mines and Energy has slashed petrol prices by N$1.00, but increased the Road Fund Administration (RFA) road user charges and the MVA Fund levy to their previous levels. 

 Minister of Mines and Energy Tom Alweendo, in his official capacity, missed a deadline to file an answering affidavit in a matter where his actions were deemed “unlawful” and “unfair” after dismissing Red Soil Energy and Mineral Exploration Company’s application for oil exploration. 

Namib Desert Diamonds (NAMDIA) has appointed Alisa Amupolo as its new Chief Executive Officer on a five-year term effective from 1 October 2022.

Communications Regulatory Authority of Namibia's (CRAN) Chief Executive Officer, Emilia Nghikembua and Presidential Economic Advisor, James Mnyupe have been ranked among the top 100 African economic leaders in Choiseul’s 2022 ranking.

The Government Institutions Pension Fund (GIPF) has invested over N$ 306 million in the Oshana region of which over N$110 million is invested in Ondangwa through land servicing and construction.

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