The Namibian Competition Commission has approved a transaction involving the exchange of participating interests in three petroleum exploration licences. The transaction involves TotalEnergies EP Namibia BV and **Windhoek PEL 28 BV , and covers petroleum exploration licences 83, 56 and…
Shania Lazarus
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The Mineworkers Union of Namibia (MUN) says assets held through its investment structures have grown to more than N$900 million. The union revealed the figure during a media engagement in Windhoek this week, where it outlined its investment activities and…
Shania Lazarus
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The Namibian Competition Commission has approved a proposed investment by Chinese state-owned nuclear company CNNC Overseas Ltd in the Etango uranium project. The transaction involves CNNC Overseas’ acquisition of a minority interest in Bannerman Energy (United Kingdom), the company developing…
Shania Lazarus
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The City of Windhoek overspent nearly N$20 million on employee salaries in 2024 after implementing pay increases above government-approved limits, the auditor general has found. The audit report found that employee costs were overstated by N$19.9 million in 2024 because…
Shania Lazarus
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The government is absorbing N$47.2 million in fuel losses in June to keep prices unchanged.Under-recoveries will be paid from the National Energy Fund. During a recent press briefing, minister of industries, mines and energy Modestus Amutse said the ministry is…
Shania Lazarus
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The Ministry of Industries, Mines and Energy has awarded global oil company Vitol an exclusive fuel supply deal from July to September. Mines minister Modestus Amutse says the government has chosen Vitol because it has offered to supply all the…
Shania Lazarus
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The government is pushing for the creation of a tobacco tax fund that would channel money collected from cigarette and tobacco sales directly into Namibia’s healthcare system. The proposal includes increasing tobacco taxes/levies. The money in the fund will be…
Shania Lazarus
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Namibia Asset Management has grown its assets under management to N$23.1 billion in the last 30 years, while MTC has budgeted N$625 million for nationwide network upgrades. Assets under management grew by N$900 million at Namibia Asset Management compared to…
Shania Lazarus
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LESS than 10% of the working population owe banks N$45.1 billion in home loans. Data shows that for a person to afford a N$1 million house, they need to be earning N$30 000 or more per month.However, the average salary…
Shania Lazarus
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Almost three months after the war involving Iran, the United States and Israel began, Namibians are yet to feel its effects on basic food. This is despite predictions being made for a rapid rise in food prices and similar rises…
Shania Lazarus
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The acquisition involving Mediclinic Windhoek and Treeside Medical Suites has been approved by the Namibian Competition Commission (NaCC) with conditions attached to protect workers from potential job losses linked to the transaction. The transaction involves Mediclinic Windhoek, Mediclinic (Windhoek) Properties…
Shania Lazarus
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Competition authorities have approved Murrelets Investments’ acquisition of Novaship Namibia, but attached conditions aimed at shielding employees from possible negative impacts arising from the transaction. The commission says the transaction has raised concerns over its potential effect on employment, leading…
Shania Lazarus
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