Ad Top Banner
Super User

Super User

Noronex (NRX) has secured commitments to raise up to N$18 million through a share placement to fund exploration at its Kalahari copper belt projects in Namibia.

Zambia and the United Arab Emirates (UAE) have signed a Memorandum of Understanding (MoU) and Joint Development Agreement (JDA) to facilitate massive investment in renewable energy in Zambia.

Namibia is ready to start piloting the Single African Air Transport Market (SAATM) and has started talks with other African countries to begin flights into the country.

The Government Institutions Pension Fund (GIPF) allocated N$9.2 billion to local unlisted investment managers for the financial year ended 31 March 2022, of which N$5.3 billion was invested, with the biggest chunk of N$2.7 billion pumped into renewable projects, its recently released Integrated 2022 Annual Report shows.

Barring any black swan events and other market shocks, the rand has the potential to strengthen further in 2023, and could see a period of relative stability, says Investec.

RMB Namibia has appointed Jason Shikalepo Head of Investment Banking Division (IBD), replacing Borg Sauber.

 The Namibia Industrial Development Agency (NIDA) has suspended its Chief Executive Officer Mihe Gaomab II with immediate effect with full benefits, pending an internal investigation.

 Namibia is expected to finalise a tax regime for its burgeoning green hydrogen sector by the end of the year, according to Green Hydrogen Commissioner James Mnyupe.

The Development Bank of Namibia (DBN) has launched a hunt for a new Chief Executive Officer to replace Martin Inkumbi who will be leaving the bank in August at the end of his 10-year tenure. 

A decision to set up the East African Monetary Institute --the Central Bank of East Africa—will be made this year, a key establishment required in implementing a single currency regime.