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Author: Musa Carter

Desert Lion anticipates phased development of former Rubicon lithium mine

Desert Lion, which holds a 100% interest in the Desert Lion Energy Lithium Project said that since acquiring the project they have completed approximately 4,500 metres of diamond drilling to test the lateral and depth continuation of the Rubicon extensions and of satellite bodies immediately surrounding the historic mine site. The past producing lithium mine as well as the surrounding 301 km2 prospecting area is located near Karibib in the Erongo Region. In a recent update, the company said intersections to date that have been explored cover depths from 1 to 9 metres, all with significant lithium mineralisation of...

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Windhoek Oktoberfest beckons – Brewmasters to quench your thirst

The annual Windhoek Oktoberfest which is in its 59th edition is ready to host another eventful celebration of culture, and appreciation for diversity with an exciting programme this coming weekend on Friday 27, and Saturday, 28 October. The Sport Klub Windhoek (SKW) will be the host to more than 5000 people that attend the event every year. According to member of the Windhoek Oktoberfest organising committee, Christin Obst, this year’s event, as per the norm promises to deliver the rich cultural experience in fun and entertainment it has become known for “We have a second band in store for...

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Investors baulk at putting up local factories due to electricity risks

Namibia’s over-reliance on imported electricity, this week claimed its first investment victim when a consortium of investors who attended the Investment Conference in November 2016, said they view the country in a very favourable light but after analysis of available energy data, the security of future electricity supply stands out as a major risk. Speaking to the Economist on the condition of anonymity, the consortium’s spokesperson said their investment team is looking for suitable investment destinations in southern Africa to expand their industrial manufacturing base. Namibia was one of the countries at the top of their list after they...

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Young Businesswoman – lawyer with a passion to change the world, one case at a time

A young lawyer in her own practice, Esmerelda Katjaerua, was named the new Young Namibian Businesswoman of the Year, at a posh awards ceremony on Wednesday evening at the Safari Court Conference Centre in Windhoek. The Young Namibian Businesswoman of the Year is chosen every second year by the same judges who adjudicate the main Namibian Businesswoman of the Year awards. Support for Esmerelda was evident when a very vocal group of friends and family cheered her onto the stage as she was called to receive her certificate as one of the finalists. Striking a confident and dashing pose...

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Namibian Businesswoman Awards reach stunning climax with new winners

The Managing Director of Old Mutual Short-term Insurance, Nangula Kauluma is the new Namibian Businesswoman of the Year. She scooped the award and the title at a glamorous gala banquet on Wednesday evening, 18 October 2017, when more than 430 of Namibia’s Who’s Who descended on the Safari Court Conference Centre in Windhoek to witness the momentous occasion. Nangula is also the Corporate & Private Sector category winner. The evening’s anticipation level gradually rose as all finalists came to the stage, one by one, introduced to the elect audience in a short video of each candidate’s achievements. After announcing...

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Global jumps out of the water as Gemsbok survey improves chances for major oil discovery

Ten years and six months after the first assessment of existing 2D proprietory data for two offshore oilblocks, 1910B and 2010A, the current operator this week announced it has finalised the processing and interpretation of a new 2D seismic survey completed earlier this year. It is now looking for funding partners to start a more detailed 3D survey. Global Petroleum Limited, an Australian Securities Exchange listed upstream oil explorer operates in Namibian waters under Petroleum Exploration Licence, PEL 0029 covering the two indicated blocks. Its exploration focus is in the south-eastern section of the blocks known as the Gemsbok...

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African Union mining vision serves as framework for Namibian minerals policy review

The Ministry of Mines and Energy has just embarked on the long-outstanding review of the national Minerals Policy to align this policy document with the developmental objectives of the African Mining Vision, adopted in 2009 by the African Union at its Heads of Governments summit. Speaking at a symposium organised by the Namibian Chamber of Mines, the Minister of Mines and Energy, Hon Obeth Kandjoze, said the private sector is seen as a key partner and should come on board realise optimal benefits for each country from the extractive industry. The symposium brought together officials from various African mining...

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Make your own bricks, build your own home, and if you’re good, sell them to Build it

The dusty crossroads town, Otavi, served as the location for the last Brickmaking Academy conducted by partners Ohorongo Cement and Build it hardware stores, for this year. A highlight of the training session was the presence of the town’s mayor who attended, not as an official but as a homebuilder keen on learning how to make her own bricks. Her Worship, Cllr. Martha Shipanga and 22 other trainees from across the vast Otjozondjupa Region came together in Otavi on Wednesday to learn the finer skills of brickmaking using a manual brickpress. During the 3-hour session, the aspiring brickmakers learned...

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