Growth in key mining industries in Namibia is estimated to decrease in 2024 mainly due to a myriad of issues including low production, water interruptions and declining international prices. According to the Bank of Namibia, growth for diamond mining is estimated to decrease significantly in 2024, partly dampened by low production on the back of...
September 20, 2024
Tag: significant
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Updated resource estimate confirms Lofdal as a globally significant deposit – Business Express
Namibia Critical Metals Inc. has announced an updated NI 43-101 Mineral Resource Estimate for the large-scale “Lofdal 2B-4” heavy rare earth project. The Company conducted a two-stage infill drilling campaign for the subprojects Area 4 and Area 2B with the purpose of increasing the confidence of the resources for the planned open pits of Area...
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Multiple places experience significant rainfall, more expected over Easter weekend
Staff Reporter A NUMBER of places across various regions have experienced light to heavy storms this week, and more rain showers are anticipated this Easter weekend. Weather enthusiasts have expressed significant appreciation for this week’s rainfall, sharing numerous photos and videos on social media to highlight and celebrate the rain showers in their respective areas.Photos...
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Sport Budget Receives Significant Boost
The Minister of Finance and Public Enterprises, Iipumbu Shiimi, announced a substantial increase in funding for sports during his delivery of the 2024/25 budget in the National Assembly. The Ministry of Sport, Youth, and National Service received a 45.3% increase compared to last year, amounting to a planned N2.2 billion. In his budget speech, Shiimi...
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Significant government debt due for repayment over MTEF
A significant portion of government debt is due for repayment over the medium term. The N$14.3 billion Eurobond, due on October 29, 2025, is the largest single-day debt maturity in the history of Namibia. Tabling the National Budget 2024/25 in the National Assembly, Finance and Public Enterprises Minister Ipumbu Shiimi pointed out strong growth in...
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Namibia made significant progress against anti-money laundering – Shiimi
Business Reporter THE Minister of Finance and Public Enterprises, Iipumbu Shiimi, has said that Namibia has made significant strides in trying to meet international standards set forth against money laundering, with the country addressing 59 out of 72 action items. He, however, added that due to the fact that the country has not addressed 13...
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Cervical cancer a significant health challenge worldwide
Cervical cancer continues to be a significant public health challenge worldwide. Ranked as the fourth most common cancer, it has had a devastating impact on women’s health globally. In 2020 alone, over 300,000 women will have lost their lives to this disease, highlighting the urgent need for increased awareness and effective prevention strategies. Cervical Cancer...
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Transition to electrical vehicles faces significant infrastructural hurdles -SSS
Strides in the electric vehicle (EV) sector, aligned with its green hydrogen initiatives, face significant hurdles, according to investment research firm, Simonis Storm Securities (SSS). The firm in an analysis report last week underscored that, while the introduction of the high-end, Chinese manufactured, Great Wall Motor (GWM) ORA 03 300 Super Luxury by local retailer,...