Netherlands start-up Kelp Blue has secured a N$31.1 million investment from the De Beers Group to commercially develop the world’s first large-scale kelp farm off the coast of Namibia, near Luderitz.

The Ministry of Agriculture, Water and Land Reform plans to issue a Request For Proposals (RFP) for the Green Schemes in May, as it moves ahead to outsource some of the projects to the private sector.

Letshego Namibia CEO, Ester Kali and Bank Windhoek Managing Director, Baronice Hans have been named among Top 100 Women CEOs in Africa for their accomplishments as female administrative officers in charge of leading organisations on the continent.

NamPower says it currently has no Solar PV commitments beyond the 20MW Khan Solar IPP PV and the recently completed 20MW Omburu PV project.

Ten public enterprises are earmarked to receive N$746.8 million in total as a government subsidy for the 2022/23 financial year, the Ministry of Public Enterprises announced on Thursday.

 London Stock Exchange-listed Cloudbreak Discovery has partnered with Gondwana Petroleum Namibia, Timeworn Investments, Pioneer Oil and Gas Consulting and a Swiss Based Asset Manager to explore oil in Namibia.

Vedanta Zinc International (VZI) says it’s still moving ahead with plans to set up a smelter in Namibia.

South African Breweries (SAB) owner AB InBev is selling its stake in its joint venture with Turkish beer maker Anadolu Efes in Russia, as that country’s invasion of Ukraine continues.

Morgan Stanley increased its third- and fourth-quarter price forecasts for global benchmark Brent crude by $10 a barrel due to a greater-than-expected supply deficit driven by Russia and Iran.

 The Namibia Deposit Guarantee Authority (NDGA)’s market value more than doubled to N$10,259,574 in 2021 up from N$4,902,924 reported in 2020.