Staff Reporter DURING her budget motivation speech for the Office of the Prime Minister, Saara-Kuugongelwa Amadhila, the Namibian Prime Minister, said that her office has introduced the Commodity & Beneficiary Management Information System (CBMIS). This system enables the digitization of data of beneficiaries for drought relief food and the issuance of vouchers to beneficiaries. “The...
…set to receive N$140 million termination fee Dundee Precious Metals Inc. has said that they will not submit a revised offer in response to superior proposal notice from Osino resources. The miner said today it acknowledged receipt of notice from Osino Resources Corp. that a foreign-based mining company has made a binding proposal to acquire...
Osino Resources Corp (Osino) says it has received a compelling proposal from an unnamed foreign mining company, surpassing Dundee Precious Metals’ offer by over N$1 billion. Under the new proposal, Osino shareholders would receive C$1.90 for each common share, valuing the company at approximately N$5 billion (C$368 million). The development comes in the wake of...
POSSIBLE OFFER (RULE 2.4 ANNOUNCEMENT) NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS IS AN ANNOUNCEMENT UNDER RULE 2.4 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2022 (THE...
Niël Terblanché The Office of the President has announced that President Hage Geingob has traveled to the United States of America to undergo a groundbreaking new cancer therapy. According to the Press Secretary of the Presidency, Alfredo Hengari, President Geingob has accepted a medical offer from leading scientists and medical professionals in Los Angeles, California,...
Plans are afoot to expand the recently built state-of-the-art Vaalgras Primary School’s curriculum to offer Grade 8 in 2025 to enhance learner enrollment numbers. The ||Kharas Education Directorate Inspector for Kalahari Desert Education Circuit, Ryan Assegaai, revealed this in an interview with nbc News. The government invested N$104 million for the construction of the Vaalgras...
The Mineworkers Union of Namibia (MUN), in collaboration with the Namibia Mineworkers Investment Trust (Namit), launched a series of new benefits for its approximately 10 000 members at Swakopmund yesterday. These benefits, tailored to the educational, employment, and legal needs of miners, include Namitvest, enabling miners, ex-miners, and their descendants to invest in stocks. “Our...
AN ideology can be defined and or described as a system of ideas and ideals, especially one which forms the basis of economic or political theory and policy. Yours Truly Ideologically is deliberately invoking the definition ideology because ideology is something many, if not most if not all, Namibian political parties and formations take for...
Alpha Namibia Industries Renewable Power (ANIREP) has raised N$557 million through a rights offer that closed on 4 December in a bid to support the company’s expansion in the renewable energy sector. The company issued 71,403,185 ordinary shares at a price of N$7.90 per rights offer share, with a ratio of 423 rights offer shares...