With significant portion of the government debt is due for repayment, government is edging closer to its largest maturity, the US$750 (N$14.3 billion) Eurobond due on 29 October 2025 which will be the largest single day debt maturity in the history of the country. According to Simonis Storm, debt servicing metrics, although stabilizing, remain above...
Canadian gold exploration and development company Osino Resources is expected to invest an estimated N$634 million in the Namibian economy through its Twin Hills gold project. Osino announced an acquisition agreement with Dundee Precious Metals last year. The mine is expected to start production towards the end of 2025 or the beginning of 2026, producing...
E-Tech Resources Inc. has provided an update on the 2023 exploration activities on its 100%-owned Eureka project on Exclusive Prospecting License (EPL) 6762 in Namibia highlighting that the new data obtained from the late 2023 exploration program indicates that there is likely to be a multifold repeatability of the known Eureka Central mineralization on a...
We don’t call January, Janu-worry for nothing, you know. School fees, clothes and stationery top the list of nail-biting worries that most citizens across Mzansi will wrestle with over the next few weeks. This leads to Stress, with a capital S, and that is because they cannot afford to make ends meet or provide for...
NamRA-Leiter Sam Shivute © BoN Die Steuerbehörde NamRA hat umfangreiche Steuerrückzahlungen für den heutigen Freitag angekündigt. Über 63.000 Steuerzahler sollen davon profitieren. Die Gesamtsumme betrage insgesamt rund N$ 66,8 Millionen. Der niedrigste Betrag ist einer Pressemitteilung zufolge N$ 100, der höchste rund N$ 102.000. Es handele sich um ausstehende Rückzahlungen von 1991 bis 2023. Damit...
Former Namibian Institute of Mining and Technology (Nimt) employee Ernst Lichtenstrasser’s presence in the Arandis area on the same day that the institute’s two top executives were murdered was just “a massive coincidence”, Lichtenstrasser’s defence lawyer argued during his trial in the Windhoek High Court on Monday. There is no point in denying that by...
The 14 people arrested in a swoop operation on October 4 on charges of transnational internet fraud and trafficking in persons appeared in the Windhoek Magistrate’s Court this afternoon. The case was postponed to April 15 for further investigations, and bail was refused to all. Of those arrested, many of those deemed foreigners were indicated...
The National Art Gallery of Namibia is inviting artists from all backgrounds to participate in an exhibition that pays tribute to the life and work of the legendary printmaker, John Ndevasia Muafangejo. Submissions for the commemorative exhibition are accepted until the close of business on Wednesday 27 September. The exhibition itself is scheduled to open...