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Chamwe Kaira  Elevate Uranium Ltd has raised A$25 million (N$283 million) through a strongly supported share placement to fast-track its U-pgrade pilot plant and expand uranium resource drilling in Namibia and Australia.  The placement, priced at $0.35 per share, received significant backing from both existing and new institutional investors, reflecting confidence in the company’s growth plans.  The new funding increases Elevate Uranium’s cash position to about A$43.9 million, providing a solid foundation for its ongoing development and exploration work. Managing director Murray Hill said the investor response highlights strong belief in the company’s direction and technology.  “This $25 million strengthens…

Chamwe Kaira  The Ministry of Industries, Mines and Energy has increased the fuel industry margin by 30 cents per litre, bringing it to 219 cents per litre.  Executive director in the ministry, Moses Pakote, said the adjustment is aimed at ensuring the financial sustainability of fuel importers while maintaining a reliable supply of petroleum products across the country.  The National Energy Fund will fund the increase, according to him, and it won't impact pump prices. This comes as the ministry announced over the weekend that fuel prices will remain unchanged for November 2025, with prices at Walvis Bay set at…

Staff Writer  Come April 2026, FlyNamibia will expand its regional flights between Windhoek and Victoria Falls from three to six times a week.  Flights to Maun and Katima Mulilo will also increase to four per week. The airline said the move aims to strengthen regional connections and boost tourism and trade across Southern Africa. According to FlyNamibia, the increased flights will give travellers more flexibility, better connection options and easier planning for tour operators and travel agencies.  FlyNamibia Cargo will continue to support business logistics by helping Namibian companies move goods quickly and efficiently across markets. “Every route we fly…