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Staff Writer Namibia is preparing to test its first hydrogen-powered freight locomotive as part of efforts to modernise rail transport and introduce cleaner energy solutions in the logistics sector. CMB.TECH Namibia is leading the engineering and development of the locomotive, which is being assembled at the facilities of South African rail engineering company Traxtion. The project forms part of a partnership between TransNamib Holdings Limited, Africa Global Logistics and CMB.TECH Namibia. The partners aim to show how hydrogen can be integrated into Namibia’s freight rail system while reducing reliance on fossil fuels. Namibia currently has a number of idle locomotives.…

Staff Writer The Stampriet Aquifer Uranium Mining Association (Sauma) has raised concerns about a report tabled in Parliament by the standing committee on natural resources recommending that Headspring Investments be allowed to drill and carry out in situ uranium extraction at its Omaheke sites in the transboundary Stampriet Artesian Basin. Sauma said it was surprised by the committee’s findings and stated that it was not consulted during the process despite efforts to engage with the committee. The association said the committee appeared to have engaged only with Headspring Investments, a foreign-owned company. “This raises fundamental questions about the transparency, balance,…

Staff Writer  Bannerman Energy Ltd has strengthened its board with the appointment of chief executive officer Gavin Chamberlain as managing director and Danny Goeman as an independent non-executive director. Chamberlain joined Bannerman as chief operating officer in February 2023 and was promoted to chief executive officer in March 2024. He has experience in construction, engineering and project management in the mining sector in southern Africa. Chamberlain previously served as project director for the development of the US$2 billion Husab Uranium Project in Namibia, which is now one of the world’s largest operating uranium mines. Goeman joined Bannerman in May 2025…

Staff Writer  MultiChoice, part of CANAL+ SA, has announced that the Showmax streaming service will be discontinued following a review of its streaming operations. The decision was taken by the Showmax Board of Directors as the company reassessed its position in the global streaming market. MultiChoice said the review focused on financial sustainability and investment priorities in a competitive and capital-intensive streaming environment. The company noted that the Showmax business has recorded substantial annual losses that are no longer sustainable. “The decision to phase out Showmax reflects our focus on building a sustainable, competitive business for the long term in…

Staff Writer  Standard Bank Namibia has been named the Best Trade Finance Provider in Namibia in the 2026 Global Finance Best Trade Finance Providers Awards. The award recognises the bank’s role in supporting cross-border trade, investment flows and business expansion. It comes as Namibia prepares for increased activity in sectors such as mining, energy, oil and gas, logistics and export agriculture. As global trade conditions shift and competition increases, businesses are seeking stronger risk management tools, efficient working capital solutions and reliable cross-border support. Standard Bank Namibia said its Corporate and Investment Banking division has expanded its trade finance services…