As Namibia positions itself on the global energy map, the future of its oil and gas sector is becoming an increasingly compelling investment opportunity. However, this emerging industry is not one for the faint of heart, as the oil and gas space in Namibia is a complex, long-term venture. As Angelique Peake, Oil and Gas, [...]
N$885M DEAL IN THE WORKS TO TRANSFORM NAMIBIA’S TELECOMS AND DIGITAL INFRASTRUCTURE The Namibian government is in discussions with the International Finance Corporation (IFC) to secure an investment exceeding N$885 million (US$50 million) to enhance the country’s telecommunications and digital infrastructure over the next five years.The initiative, according to the World Bank, is expected to [...]
Finland says it wants to strengthen its economic ties with Namibia built on closer cooperation in the technology, renewable energy and mining sectors. Finnish Ambassador to Namibia, Leena Viljanen, says Finland’s expertise and technology align well with Namibia’s development priorities, creating significant opportunities for mutually beneficial cooperation. “Finland’s key priority, and the main focus of [...]
Exploration and discoveries Namibia’s offshore oil and gas sector is set for a significant transformation, following a series of major discoveries in recent years which include Graff-1, Venus-1, Jonker-1X, La Rona-1 and Lesedi-1X. These developments have attracted global oil and gas giants such as TotalEnergies, Shell, Chevron and ExxonMobil, alongside energy corporations like Galp Energia [...]
Namibia, a country blessed with abundant sunlight and favourable wind conditions, holds significant potential for renewable energy development. The country’s location, coupled with its natural resources, presents an excellent opportunity to harness solar and wind power. This article explores the current renewable energy landscape, including load factors, regulatory environment, transmission infrastructure, and the challenges associated [...]
Article by Business Express The upcoming African Energy Week (AEW): Invest in African Energy conference – Africa’s premier event for the energy sector, taking place this November in Cape Town – will host a series of country-specific spotlights, showcasing investment opportunities across Africa’s leading energy markets including Namibia. Spotlight sessions will highlight projects seeking investment, [...]
Last week, the 6th edition of the Namibia International Energy Conference convened more than 750 attendees from 46 nations, 22 nations more than previous years, at the serene Droombos, Windhoek. This gathering served as a pivotal platform for deliberating on exciting developments in its Namibia’s energy landscape allowing delegates to reimagine the possibilities for our [...]
N$400M RAISED IN GREEN BOND ISSUANCE DEBUT First issued in 2007, green bonds were created to exclusively finance project, assist or business activities that have positive environmental and / or climate benefits. Standard Bank Namibia has emphasised its commitment to playing a key role in sustainable funding solutions in Namibia by successfully raising N$400 million [...]
Economic Pulse - October 2022 Nuclear power has long been controversial, with proponents citing its potential to decarbonise the world and opponents raising concerns about safety and waste. However, as the need to address climate change grows more urgent, nuclear energy is gaining new support as a clean source of green energy. Nuclear plants do [...]
N$1 MILLION DONATION TO THE MINISTRY OF HEALTH AND SOCIAL SERVICES On October 13th, the Frans Indongo Group (FIG), through the Frans Indongo Trust, officially handed over a donation of One Million Namibian dollars to the Ministry of Health and Social Services as part of the Group's contribution to the ongoing national response against [...]
