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Nedbank Namibia, together with OMDis and Uconomy Namibia have completed the Small to Medium-sized Enterprises (SMEs) and Economic Development Pilot Project that is aimed at diversifying the economic activities of Oranjemund.

As the world finishes unpicking its Covid-19 travel restrictions, business trips and tourism are firmly back on the agenda — in most places, anyway. The question is, who to fly with?

Qatar Airways has been named the world’s best airline at the Skytrax World Airline Awards 2022, while Singapore Airlines and Emirates landed in the second and third spots respectively.

In a strong showing for Asia-Pacific carriers, Japan’s All Nippon Airways Co and Australia’s Qantas Airways rounded out the top five, while Hong Kong’s largely grounded Cathay Pacific tumbled to 16th place from sixth place last year.

The awards also broke down the best airline for each cabin class. Best first-class cabin went to Singapore Airlines, while Qatar picked up best business class. Virgin Atlantic Airways won for premium economy and Emirates for best economy cabin.

In other categories, Singapore Airlines’ budget carrier Scoot took top place for best long-haul low-cost airline; Singapore Airlines also scooped best cabin staff; and ANA were number one for cabin cleanliness.

“Qatar Airways was the largest airline to have flown consistently throughout the Covid-19 pandemic, with their network never falling below 30 destinations,” Skytrax chief executive officer Edward Plaisted said in a press release. “That determination has clearly been well recognized by customers.”

The World Airline Awards were determined by an online customer survey that ran from September 2021 to August 2022 in English, French, Spanish, Russian, Japanese and Chinese. More than 350 airlines featured in the final results.

Here are the top 20 airlines for 2022:

  1. Qatar Airways
  2. Singapore Airlines
  3. Emirates
  4. All Nippon Airways (ANA)
  5. Qantas Airways
  6. Japan Airlines
  7. Turk Hava Yollari (Turkish Airlines)
  8. Air France
  9. Korean Air
  10. Swiss International Air Lines
  11. British Airways
  12. Etihad Airways
  13. China Southern
  14. Hainan Airlines
  15. Lufthansa
  16. Cathay Pacific
  17. KLM
  18. EVA Air
  19. Virgin Atlantic
  20. Vistara     -Moneyweb

Namib Desert Diamonds (NAMDIA) has revealed that the diamond sales and marketing company was in the process of appointing a Chief Executive Officer following the expiry of founding CEO Kennedy Hamutenya’s term.

Osino Resources has completed the acquisition of two remaining minority interests in the mineral properties comprising the Twin Hills gold project, in Namibia for a total consideration of N$14.6 million.

Osino completed the acquisition of the remaining 10% of the shares in the capital of Osino Namibia Minerals Exploration (ONME) for N$11.5 million (C$870 000), settled through the issuance of one-million common shares of the company to Ominda Mineral Resources, which is arm’s length to Osino.

ONME was a 90%-owned subsidiary of Osino and holds eight exclusive prospecting licences (EPLs), covering 86 409 ha, including an EPL which hosts the gold mineralisation at the Clouds deposit, forming part of Osino’s overall Twin Hills gold mineral resource.

As a result, Osino now owns 100% of ONME.

Further, Osino also acquired 20% of the shares in Richwing Exploration for N$1.8 million (C$137 931), settled through the issuance of 37 615 Osino shares and N$1.3 billion (C$96 552) in cash to Richroad Investments and South Wing Investments, which are arm’s length to Osino.

Richwing was 80% owned by Osino and holds an EPL which hosts gold mineralisation and industrial minerals south of the Twin Hills project area.

Osino now owns 100% of Richwing.

Osino also expects to close an additional minority interest acquisition of 3% of the shares in the capital of Osino Gold Exploration and Mining (GEM) as previously announced in August.

Upon completion of this acquisition, Osino will own 100% of Osino GEM.

It expects to complete the acquisition of Osino GEM within a few weeks, as the acquisition is subject to approval by the TSX Venture Exchange.

 

 

Namibia Breweries Limited (NBL) says it generated N$1.82 billion in revenues from local beer product sales for the financial year ended 30 June 2022, a 6.6% decline from N$1.95 billion revenues recorded for the same period last year.

It’s vital for multinational oil companies operating in African nations like Namibia to work with specialised local firms who deeply understand the energy sector if they want to properly navigate legal, business and regulatory issues, says Shakwa Nyambe, Managing Director of leading energy law firm SNC Incorporated.

Reconnaissance Energy Africa has struck a definitive deal with the National Petroleum Company of Namibia (Namcor) to increase its ownership in the Kavango Basin licence. 

Economists are predicting the Bank of Namibia (BoN) will raise its benchmark interest rate by 0.75 percentage points in October, the second such rise in a row, and signal plans to raise rates again in the coming months. 

 Mauritius-based Helios Oryx Limited has dragged Elisenheim Property Development Company to court and is demanding to be paid N$353 million (US$19.8 million) over a loan deal that went south. 

 Namibian women-owned company Taneta Investment, a pioneer in the production and transformation of local Marula oil into luxurious cosmetic oil, has sent its first product samples to the US market. 

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