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December 28, 2024
Tag: venture
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Erongo Sea Products Joint Venture faces collapse
The more than 20-year-old Erongo Sea Products Joint Venture is threatened by allegations that the South African shareholders are shortchanging their Namibian partners. The JV in which South African Oceana Group holds a majority stake through its Namibian subsidiary, Erongo Marine Enterprises, could collapse, following an independent legal opinion indicating that several agreements were contravened...
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Namibian oil explorer ranked number 1 Energy Company on 2024 TSX Venture 50 List – Business Express
Sintana Energy Inc. has been named in the TSX Venture (TSXV) 2024 Venture 50TM ranking, highlighting the top-performing companies that are driving growth across their respective sectors. The TSX Venture 50 is an annual ranking of the top performing companies from the past year on TSX Venture Exchange, a world-leading capital formation platform for early-stage...
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Chinese-Namibian venture loses battle over N$185m tender bid
The High Court in Windhoek has thrown out an urgent application over a tender bid by the close corporation Adaptive Building Land Construction in a joint venture with China State Construction Engineering Corporation. This comes after a tender review application by the joint venture was dismissed by the Review Panel on public procurement. The bid...
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Deep South to raise N$278m for Nam copper venture
Deep South Resources plans to raise N$27,5 million through a private placement, with the proceeds earmarked for advancing the Haib copper project in Namibia and conducting exploration activities across its three exploration licences in Zambia. Red Cloud Securities Inc will act as a finder in conjunction with the non-brokered private placement, offering up to 30,7...
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Hyphen and ITOCHU join forces for green hydrogen venture
Hyphen Hydrogen Energy has signed a Memorandum of Understanding with ITOCHU Corporation to explore areas for potential collaboration between the two entities. The collaboration is expected to drive forward sub-Saharan Africa’s largest, and only, fully vertically integrated green hydrogen project. Marco Raffinetti, Hyphen’s CEO said Hyphen expects Japan to emerge as one of the key demand centers for green ammonia globally. Source link
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Australisches Unternehmen will Joint Venture zu Grünem Wasserstoff in Namibia
Hutchison (Mitte) trifft Staatspräsident Hage Geingob (rechts); © Office of the President Das australische Unternehmen Fortescue Future Industries hat großes Interesse am namibischen Wasserstoffsektor. Dies machte Geschäftsführer Mark Hutchinson bei einem Höflichkeitsbesuch gegenüber Staatspräsident Hage Geingob deutlich. Dabei setze man auf eine klare Partnerschaft und ein gleichberechtigtes Joint Venture zwischen Namibia und dem Unternehmen. Der...
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Environment Ministry hosts meeting on joint venture tourism in conservancies
The Ministry of Environment, Forestry, and Tourism, along with relevant stakeholders, hosted a meeting on joint venture tourism in conservancies within the Zambezi Region. This meeting forms part of Deputy Minister Heather Sibungo’s visit to traditional authorities and conservancy representatives in the Zambezi Region. Sibungo stated that the meeting was aimed at discussing and clarifying...
