Brazilian oil company Petrobras says it holds no current Namibian assets, following a courtesy visit to government officials about prospective investments and a pending offshore deal. This is despite its representatives last week meeting with the Ministry of International Relations…

British oil and gas company Tower Resources says it expects its application for approval of a farm-out agreement to be expedited following meetings with the upstream petroleum unit and the Ministry of Industries, Mines and Energy. Tower Resources is the…

Oil exploration company Pancontinental Energy halted trading of its shares on the Australian stock exchange on Tuesday as the market anticipates an announcement of a new partner to work with Pancontinental in Namibia. Pancontinental has for several years been searching…

Nasan Energies, co-founded by Miguel Hamutenya, has been given the green light by the Namibian Competition Commission (NaCC) to buy 53 service stations in Namibia. Nasan Energies applied to purchase the service stations from Vivo Energy/Engen in 2025. The Namibian…

The Institute for Public Policy Research says several governance issues need to be addressed to put Namibia in a good position to capitalise on an oil economy. IPPR executive director Graham Hopwood said this at the opening of a panel…

The Namibia Revenue Agency (Namra) has warned that all mineral and petroleum licence transfers, including those conducted abroad, are subject to tax despite industry concerns. This comes after Namra commissioner Sam Shivute yesterday said only 5% of companies comply with…

A Gibeon vocational training centre has proposed a new initiative to rid the area of the invasive prosopis trees. Prosopis trees – also known as makarakasha trees – have been a problem in the area for a long time. “Two…

The Namibian Employers Federation (NEF) has warned that a draft bill to establish a commission on alternative dispute resolution could open the door to political intervention in labour disputes. The draft alternative dispute resolution bill creates a new independent commission,…

Namib Mills has signed an agreement with its workers, ending nine weeks of industrial action. “It could have been concluded in a week. It is very unfortunate that it has gone this far, but what is important is that we…

The Institute for Public Policy Research (IPPR) has cautioned against the government’s preferential procurement policy unless it is accompanied by greater transparency. Speaking at the launch of a new report on Wednesday, IPPR research associate Frederico Links said Namibia’s procurement…

Namibia has banned the import and transit of cloven-hoofed animals from Botswana due to confirmed outbreaks of foot-and-mouth disease (FMD) in the country. In a notice issued on Tuesday, chief veterinary officer Kenneth Shoombe said cloven-hoofed animals and their products…

THE Meat Corporation of Namibia (Meatco) improved extraction of value from cattle in the 2024/25 financial year, despite persistent drought. According to the latest Meatco annual report, the company was able to introduce production and processing efficiencies, even with lower…