Windhoek Observer

CHAMWE KAIRA Andrada Mining Limited has announced that it has completed the N$175 million Bank Windhoek Limited funding agreement. The critical raw materials producer with a portfolio of mining and exploration assets in Namibia, confirmed that its subsidiary, Uis Tin Mining Company had concluded the funding agreements with Bank Windhoek Limited. “These facilities replace UTMC's current banking facilities with immediate effect. The proceeds will be allocated primarily to retirement of existing facilities, growth initiatives, and working capital. The funding has been concluded following the fulfilment of conditions precedent, including receipt of all required consents and documentation.” Anthony Viljoen, Chief Executive…

CHAMWE KAIRA The year on year inflation rate stood at 4.6% in July in the Khomas Region compared to 4.7% registered during July last year. The slowdown in the annual inflation rate emanated mainly from the slow increases registered in the price levels of ‘food and non-alcoholic beverages’ (from 10.4% to 4.8%); education (from 4.5% to 0.6%); and ‘miscellaneous goods and services’ (from 4.4% to 1.6%). For the compilation of inflation, the Namibian Statistics Agency has grouped the country into three zones. Zone 1 is made up of (Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa, and Zambezi).…

CASPER LABUSCHAGNE Mark Twain famously said: During the gold rush it’s a good time to be in the pick and shovel business”. The mining, minerals and metals sector has certainly on moved on from just picks and shovels, and with that, countries like Namibia which is quickly becoming the next destination for the proverbial gold rush. According to Chamber of Mines in Namibia, mining accounted for 14.4% of the country’s GDP 2023, an increase from 9% in 2021 and 11.9 % in 2022. The sector therefore plays a fundamental role in Namibia’s job and wealth creation, showing consistency steady growth.…

Airlink, Southern Africa’s premier airline, is expanding its network to include direct Cape Town-Gaborone flights from 1 April 2025. Flights on the route will operate on Tuesdays, Thursdays and Saturdays departing Cape Town International Airport at 10.50 and arriving at Gaborone’s Sir Seretse Khama International Airport at 13.00. The return service leaves Gaborone at 13.45 and lands in Cape Town at 16.00. “As Botswana’s capital, Gaborone is an important regional destination for business with the city being home to thriving minerals, resources, automotive and tech sector companies and it hosts the Southern African Development Community headquarters. It is also an…