Browsing: Namibia

ThankUCash founders. The company has raised $5.3 million to drive its expansion to new markets and launch new products.

Backed up by the capital firm YC, Jabu Technologies has raised $3.2 million in seed funding to invest in its B2B e-commerce and retail operations.
Afore Capital spearheads the seed round with Y Combinator, Quiet Capital, FJ Labs, Pareto Capital, Kli Capital, and angel investors.
The chief executive of JABU, David Akinin, founded the company in 2020 to revamp the poor and almost non-existent distribution network and supply chain in Namibia.…

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  • AEW 2022, in partnership with various international oil companies, national oil companies, and governments, is the AEC’s annual conference, exhibition, and networking event.
  • AEW 2022 will build on the momentum of the 2021 conference, providing sessions whereby the discussion on Africa’s upstream, midstream, and downstream sectors will be provided.
  • AEW 2022 is focused on positioning regulatory reforms at the center of Africa’s energy sector development.

After a successful end to this year’s Africa Energy Week 2021[AEW], the African Energy Chamber has announced the next year’s dates.

The 2022 Energy premier week will take place from the 31st of October to the 4th of November 2022 across multiple venues at the V&A Waterfront in Cape Town, The African Energy Chamber has announced.

The second edition is deemed to be a bigger Energy event in the Continent under the theme ‘Developing Africa’s Energy Future by Creating an Enabling Environment.’

This …

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  • According to the Namibia representative at the GBF Africa 2021 Namibia is looking to build a dynamic economic structure focused on specific industries and 97 products.
  • The secretary general of COMESA H.E Chileshe Kapwepwe, says the Zambian government is working effortlessly to increase focus on creating strong business enabling environments that will attract foreign investments their top most agenda.
  • All three speakers confirmed the need to build solid infrastructure across the African
    continent, stressing that it was the backbone of today’s economies.

Africa’s potential as a growth market for business remains both underestimated and misunderstood as does the potential for business to play a transformative role in solving the continent’s biggest challenges a reason enough why business leaders who attended GBF Africa 2021 drawn from different nations came together to spend a considerable time sharing knowledge on rapid changes in the business world and their implications for the future of …

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Namibia is showing promising signs of attracting real private investment. with the recent wave of investor interests in the country including a promising mix of private equity, venture capital, and other asset classes, which could be directed towards infrastructure, commercial real estate, and technical development.

This is according to Namibia’s Ambassador to China Elia Kaiyamo who was speaking in Beijing, China at the International Economics and Technology Administration Forum.

“Of late, private investors have shown increased interest in various economic sectors other than the traditional extractive investments in projects such as Green Hydrogen development,” said Kaiyamo.

Addressing leaders and other invited high profile officials, Namibia’s ambassador to China noted that in terms of bilateral trade in 2019, the total volume of trade between China and Namibia was about US$709 million, with a year-on-year decrease as compared to 2018 when the volumes recorded 14.28% from US$800 million.

“Obviously, the pandemic has …

Namibia explores Opportunities to be an International oil and gas player

Historically overlooked by independent oil companies (IOCs) and considered something of an oil and gas frontier state, Namibia is establishing itself more prominently on the international oil and gas map.

Namibia has until recently been largely overlooked by the oil majors. A spate of farm-in agreements over the last six months suggests that this is changing. International oil companies are keen to secure a stake in the southern African country’s oil boom, should one materialize.

Austria’s OMV and Murphy Oil Corporation from Arkansas are the latest companies to make their first foray into the Namibian oil and gas sector, buying 25 and 40 per cent, respectively, of Cowan Petroleum’s licence to explore two blocks off the Namibian coast.

The Wingat-1 discovery by HRT in 2013, which encountered rich oil-bearing source rocks in the Walvis Basin, was the start of this change and, in the years since, the country has become …

technology and innovation

Africa is at the heart of tomorrow, it is an important region in the world, it is definitely a growing region and a clear focus market for us. In the big picture, Africa is among Alcatel-Lucent’s most promising markets with ultra-broadband access and IP networking being very important for the development of the continent.

Many Countries across the world have felt the ravaging effects of Covid-19, ever since the first case was reported in Wuhan, China and spread all across other Continents that prompted to measures and directions imposed aimed to curb the spread of the lethal virus that has since claimed millions of people across the globe.

Historically, sectors like education and healthcare have been points of issue for many African countries, as governments strive to improve access to, and experiences in, these sectors.

The fight with COVID-19 has put a spotlight on the way these industries are operating …


A small oil and gas exploration company that has offices in Africa, North America and United Kingdom is drilling into what it believes could be a massive onshore oil deposit under and alongside an ecologically and culturally important swath of the Kalahari Desert in northeast Namibia and northwest Botswana.

The firm known as Reconnaissance Energy Africa {ReconAfrica} says its Continued research findings present a picture of generating 100 billion barrels of oil and gas, a quantity roughly equal in volume to the proven oil reserves of Kuwait or the United Arab Emirates.

This Timely and good news however are facing a probable opposition from two United bodies and other independent entities who are arguing that in an event of this it will threaten local water supplies as well as the livelihoods of Indigenous people as the  exploration site is found in a region also home to two United Nations Educational, …

Shelter Afrique HQ Drone Image

African Ministers and Heads of Delegation of Ministries in charge of Housing and Urban Development, African Finance Ministers, the Directors and Management of Shelter Afrique, and representatives of international, regional and national institutions, the private sector and civil society, have agreed to enhance mechanisms for the mass production of decent and affordable housing in the continent to achieve social and economic development.

During a three-day summit at the 40th Annual General Assembly of shelter-Afrique that was held in Yaunde Cameroon, the participants resolved to address the challenges that have hindered the efforts to provide decent and affordable housing in Africa.

In a research concluded by the Shelter-Afrique, a pan African housing finance and development institution, shows that the overall shortage of housing in Africa is estimated at 56 million housing units with out of this, more than 90 per cent are in affordable housing bracket.

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The Managing Director …


In the latest may statistics released by the Meat Board of Namibia, show that the country has exported more live animals than it has slaughtered for value addition and export bearing in mind that Agriculture is one of Namibia’s most important sectors.

The majority of Namibia’s population is dependent directly or indirectly on the agricultural sector for their livelihoods.  Agriculture’s contribution to GDP (excluding fishing) over the last five years has been just over four percent. Livestock farming contributes to approximately two-thirds of agricultural production, with crop farming and forestry making up the remaining third of production.  Meat processing (which the Namibian government accounts for under manufacturing) contributes to another 0.2 – 0.4 percent of GDP.

The export of live animals (mostly cattle and sheep) has historically contributed to about two-thirds of agricultural exports by value.

During the period under review, statistics showed that the country exported 45 623 live …

further africa

BREXIT trade impacts in Southern Africa

If everything goes according to plan (and that’s a big statement), January 1st shall see the departure of the United Kingdom from the European Union, its single market and customs agreements.

As much as I would like to, it is becoming increasingly hard to believe that the parties will conclude a trade deal in time for the official divorce date. I am sceptical of a “hard” BREXIT as I believe that some sort of policy extension will remain in place for quite some time; anything else would be economic madness and given the current pandemic no politician would allow that to happen. (I know what you might be thinking but, luckily, that kind of stupid is currently reserved for leaders across the Atlantic).

The EU is South Africa’s largest trade partner while South Africa has long and in-depth trade relations with the United Kingdom. …