Tag: Namibia

De Beers partners National Geographic Society for wildlife conservation in Okavango Basin

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NAMIBIA – Diamond conglomerate De Beers has signed a five-year partnership with the National Geographic Society to preserve the rich biodiversity of the Okavango Basin, which straddles central and southern Africa and coming at a time when this African wildlife refuge is threatened by oil development. Over the years, the National Geographic Society has become a key player in the preservation of biodiversity in Africa, thanks in part to its National Geographic Wild television channel. The “Okavango Eternal” initiative aims to strengthen nature conservation and community support in the Okavango…

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Accor welcomes Safari Hotels & Conference Centre in Windhoek to its portfolio

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NAMIBIA – Safari Hotels & Conference Centre, a prominent two-hotel complex in Windhoek, has become the first property in Namibia to join Accor’s portfolio. The iconic city resort, conveniently located next to Eros Airport and just 10 minutes from the city centre, features the 215-key Safari Court Hotel, the 199-key Safari Hotel, and the country’s most prominent conference centre, with 16 venues including a 1,600-square-metre ballroom catering to 2,400 delegates. This expansive hotel complex considered the capital’s premier leisure and business destination, also offers swimming pools amid landscaped gardens, a…

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Micro-lender Letshego gets US$50m loan from IFC to boost affordable housing in Namibia

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NAMIBIA – Pan African microlender Letshego has received a KSh5.49 billion (US$50 million) loan from the International Finance Corporation (IFC) to boost affordable housing lending in Namibia with the potential to expand the partnership to other countries including Kenya. The IFC, the World Bank’s private-sector lending arm said it is committed to working with partners across Africa to help increase access to affordable housing, including supporting the development of sustainable and responsible mortgage markets. The lender’s new loan will help it finance up to 4,000 home developers in Namibia, the…

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MultiChoice and NamiGreen in e-waste disposal partnership

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NAMIBIA – The Namibian subsidiary of MultiChoice, a satellite TV service provider, has chosen NamiGreen, an electronic waste management company to recycle its electronic waste in Namibia. The agreement between the two partners was concluded on August 13th, 2021. Satellite TV service provider MultiChoice is looking to reduce its environmental impact through the sustainable management of its electronic waste in Africa. The company based in the Namibian capital Windhoek will recycle MultiChoice’s e-waste.  “This includes their DStv and GOtv boxes and other electronic devices, such as phones, gadgets, etc.,” said NamiGreen.…

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Namibia gets US$47.2m from Germany for green hydrogen research

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NAMIBIA – The German government is providing €40 million (US$47.2 million) in funding to Namibia for research and development of the nascent green hydrogen industry. The driest country on the African continent has enormous potential for solar energy production that could be used to develop the green hydrogen industry. “Preliminary estimates of this potential [project] put Namibia’s annual production of green ammonia at more than 2.5 million tonnes, which will attract more than N$6 billion (about €344 million) in foreign direct investment while generating annual revenues of more than N$800…

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Windhoek invites bids from IPPs to generate 25MWp of solar power

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NAMIBIA – The municipality of Windhoek, Namibia has launched a call for expressions of interest for the financing, construction and operation of a 25 MWp solar photovoltaic plant. The Independent Power Producers (IPPs) interested in the tender have until 19 August 2021 to submit their bids. The municipality intends to rely on an independent power producer (IPP) to install a solar photovoltaic plant in a public-private partnership (PPP) with the city for a period of 25 years. The power purchase agreement (PPA) that will be signed for this project is…

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Imperial Logistics acquires Namibia’s Deep Catch for US$45m as it eye new markets and customers

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NAMIBIA – Logistics and mobility company Imperial Logistics has entered into an agreement to acquire 100% of the issued share capital of perishable foods company Deep Catch Namibia for US$45 million. Deep Catch is owned by private equity investment management firm Salt Capital Ventures and development finance institution German Investment Corporate DEG, as well as management shareholders Christoph Kubirske, Jared-Dwight Geyser, and Lewton Geyser. Deep Catch wholesales, distributes and provides cold storage transport of perishable foods, mainly poultry, fish and dairy products, in Namibia and in the broader Southern Africa region. Headquartered in Namibia and with subsidiaries…

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NAMCOR, ReconAfrica ink agreement to develop Kavango basin in Namibia

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NAMIBIA – The National Petroleum Corporation of Namibia (NAMCOR), and Reconnaissance Energy Africa (ReconAfrica), have announced the execution of a Joint Operating Agreement (JOA), to develop the resource potential of the Kavango Sedimentary Basin, Northeast Namibia. Under the agreement, the two companies will jointly pursue an ongoing petroleum exploration program in the Kavango East and Kavango West regions of Namibia, with ReconAfrica covering the full costs to commerciality. The two companies initially entered into a Petroleum Exploration Agreement with the Government of the Republic of Namibia in 2015, under which…

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Namibian Ports Authority plans to deepen Lüderitz port

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NAMIBIA – The Namibian Ports Authority, or Namport, plans to improve the capacity of the port of Lüderitz port, which is currently constrained by its shallow depth of -8.75 metres chart datum. The shallowness of the port has limited the efficiency of the port and the value of transactions performed in the port-dependent coastal town, and deepening it could enhance its capacity and increase trade volume in the town.However, the plan is facing major challenges such as limited space because the land area is next to the sea wall.Namport is…

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Hospitality investment platform Kasada Capital Management acquires the largest hospitality complex in Namibia

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NAMIBIA – Sub-Saharan hospitality investment platform Kasada Capital Management, has announced the acquisition of the 414-key Safari Hotels and Conference Centre in Windhoek, Namibia. The transaction will be made through Kasada Hospitality Fund LP and remains subject to approval by the Namibian Competition Commission. The hotel complex is strategically located within ten minutes of Windhoek’s city centre and adjacent to Eros Airport. It consists of the 215-key Safari Court Hotel, the 199-key Safari Hotel and Namibia’s foremost Meetings, Incentives, Conferencing, Exhibitions (MICE) venue, the Safari Court Conference Centre that includes a…

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