Namibian Competition Commission

29 Aug

Osino to delist from NSX

ObserverObserver MoneyNamibian Competition Commission, Shanjin International Gold Co. Ltd

CHAMWE KAIRA Osino Resources has announced that it will delist from the Namibia Stock Exchange. The company told shareholders that further to the transaction finalization notice distributed to shareholders on 19 August, notice was being given hereby given that the trading of the Osino Resources Corp shares will be suspended on 26 August 2024 and delisted from the Namibian Stock Exchange on 30 August. Osino has already announced that Shanjin International Gold Co., Ltd. (formerly known as Yintai Gold Co., Ltd will acquire all of the outstanding common shares of Osino for cash consideration of C$1.90 for each Osino Share.…

Tsumeb Smelter must buy local goods

ObserverObserver MoneyDundee Precious Metals Inc, Namibian Competition Commission, Sinomine (Hong Kong) Rare Metals Resources Co Limited

CHAMWE KAIRA Sinomine (Hong Kong) Rare Metals Resources Co Limited, which has bought Tsumeb Smelter from Dundee Precious Metals Inc will be expected to buy goods and services below N$250 000 from local companies, under conditions imposed by the Namibian Competition Commission. The commission further said its decision is based on the grounds that the transaction is unlikely to prevent or lessen competition in Namibia. Sinomine and Dundee have promised that there will be specific retrenchments by the merged undertaking for a period of three years after the date of implementation. The company is also expected to comply with the…

Qatar backed fund buys Safari Hotels

ObserverObserver MoneyKasada Capital Management, Namibian Competition Commission, Qatar Investment Authority

Staff Writer Kasada Capital Management, a fund backed by the Qatar Investment Authority, the sovereign wealth fund of the State of Qatar, and French hospitality group, Accor, has announced its acquisition of the Safari Hotels and Conference Centre in Windhoek for an undisclosed amount. The transaction, which is still subject to approval by the Namibian Competition Commission, will be made through Kasada Hospitality Fund LP. The acquisition comes as the 55-year-old, 414 room hotel and conference venue, has been on the market after a failed 2018 bid by United Africa Group to acquire JH Hamman Beherende Beleggings, the holding company…