Kandjoze runs out of C-Sixty money

  WINDHOEK—Minister of Mines and Energy Obed Kandjoze last week requested the Namib Desert Diamonds (Namdia), to return the N$50m that the Namibian government injected into the company at the formation of the project. In his letter to the board, Kandjoze cited the refusal by Namdia to pay C-Sixty, as the reason he wants the SoE to return the N$50m capitalisation, so that “government can pay C-Sixty,” directly. C-Sixty Investment’s directors are John Walenga as…

"Kandjoze runs out of C-Sixty money"

Swakop Uranium boss seeks Nam Honorary Citizenship

The Chief Executive Officer of Swakop Uranium mine, Namibia’s biggest mining investment today, and also the Deputy President of China GuangDong Nuclear Power Group, Zheng KePing is seeking Namibian Honorary Citizenship. Whether it’s because of a sense of belonging, just expediency or both, the man leading the N$2billion capital investment in Namibia, has written to the Minister of Home Affairs requesting for a special grant of honorary citizen. However, Home Affairs and Immigration Minister Pendukeni…

"Swakop Uranium boss seeks Nam Honorary Citizenship"

Mining: Risk and uncertainty no longer the same: SBN expert

WINDHOEK—The Namibian mining sector contributes 12.5% to the country’s Gross Domestic Product with an optimistic prediction of it increasing to 15.2% by the year 2022 according to the National Planning Commission. Standard Bank research expert Andre Snyders recently addressed the Mining Expo and Conference weighing on the mismatch between supply and demand is a co-ordination problem. “The years since 2005 have seen some spectacular investments in mining but also some equally noticeable reversal and write-downs,”…

"Mining: Risk and uncertainty no longer the same: SBN expert"

Top diamond cutter marks 10 years in Namibia

WINDHOEK-President Hage Geingob today led the 10 year anniversary of the country’s top diamond cutting and polishing company Almod Diamond Namibia. The event witnessed by several cabinet ministers, Paul Rowley, Vice President of De Beers Group, Shihaleni Ndjaba, Chief Executive Officer of NDTC was led by Albert Gad (pictured left), owner of Almod Diamond. “I cannot buy Namibian diamonds in Namibia. That should change. It is high time our diamonds are available to our people,”…

"Top diamond cutter marks 10 years in Namibia"

Diamond act review nears completion

By Penda Jonas Hashoongo Minister of Mines and Energy, Obeth Kandjoze, has indicated the finalization of the review process of the Diamond act (1999) in the next year, a move that will allow Namibia to reap maximum rewards from the mineral. In the Ministry’s budget motivation speech, Kandjoze indicated that an amount of N$8 million has been put aside for the monitoring, regulation and facilitation of the Act. “The Ministry, in realising the speedy evolvement…

"Diamond act review nears completion"

Kashuupulwa secures China deal for regional solar

Oshana Regional Governor Clemens Kashuupulwa recently returned from an engagement trip to China, half a million rands richer. Kashuupulwa secured funding from FISHCOR and China Jiangxi International Pty Ltd amounting to N$500 000.00 for the implementation of community solar energy projects in the region. “The aim of trip to China was to source business relationships from our technologically progressed counterparts and we believe we have done that as can be seen by the Solar Project…

"Kashuupulwa secures China deal for regional solar"