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Gideon Vos has been appointed as the new Head of Investment Banking at Corporate and Institutional Banking at Bank Windhoek, effective January 11, 2023.

Namibia and South Africa are exploring the possibility of a partnership in the development of green hydrogen initiatives, including the joint development of a Green Hydrogen corridor.

The European Union is setting in motion its partnership with Namibia on rare earth minerals, with a delegation from Brussels touring Andrada Mining’s Uis mine, which has confirmed the presence of significant lithium, tin and tantalum mineralisation. 

Fortescue Future Industries (FFI) and Enersense Energy Namibia (EEN) are exploring ways of working together on the Daures Green Hydrogen Village project in Namibia.

Farmers in Africa will need as much as US$65 billion (nearly R1.2 trillion) in loans annually to produce enough food to curb imports and cushion their economies from external shocks.

President Yoweri Museveni has commissioned Uganda’s first of four oil rigs to start drilling at the Kingfisher field on the shores of Lake Albert as the country eyes production in 2025. 

The country’s construction sector is betting on green hydrogen projects to realise some growth as construction projects become scarcer as time goes.

The dawn of 2023 came with numerous amendments to tax legislation which was promulgated on 29 December 2022 and came into effect on 1 January 2023. For instance, the Income Tax Act amendments resulted in the tax-deductible amount for contributions towards both retirement and educational policies being increased from N$40 000 to N$150 000 per annum.

Namibia’s public debt has ballooned to over N$135.7 billion as of September 2022, after the government failed to adhere to its own public debt target of 35% to GDP set in 2012/13, the Institute for Public Policy Research (IPPR) has warned.

Trigon Metals plans to restart operations at its Kombat Mine in Q2, a year after having suspended operations to optimise its newly increased working capital by reconfiguring the mine plan to focus on higher grade and more consistent orebodies drilled in the Kavango pit and Kombat trend mineralisation.

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