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Market Watch

Namibia gets ready to become new oil hotspot

Oil discoveries stacking up

Namibia's rapidly rising oil potential is starting to draw serious international interest and potentially multibillion-dollar deals.

Paul Burkhardt

Vor 2 Monaten 23 July 2024 - 2024-07-23 00:00:00

Off a busy pier in Namibia’s main port of Walvis Bay, the seeds of an economic boom are being planted.As workers heave fish from boats, or unload cargoes of sulphur and Congolese

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Allgemeine Zeitung 2024-10-18

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Katima Mulilo: 22° | 39° Rundu: 21° | 38° Eenhana: 19° | 37° Oshakati: 20° | 37° Ruacana: 18° | 37° Tsumeb: 23° | 35° Otjiwarongo: 18° | 33° Omaruru: 17° | 33° Windhoek: 16° | 30° Gobabis: 16° | 33° Henties Bay: 12° | 18° Wind speed: 22km/h, Wind direction: S, Low tide: 09:33, High tide: 03:44, Low Tide: 22:02, High tide: 15:58 Swakopmund: 13° | 15° Wind speed: 25km/h, Wind direction: SW, Low tide: 09:31, High tide: 03:42, Low Tide: 22:00, High tide: 15:56 Walvis Bay: 13° | 21° Wind speed: 37km/h, Wind direction: SW, Low tide: 09:31, High tide: 03:41, Low Tide: 22:00, High tide: 15:55 Rehoboth: 12° | 31° Mariental: 15° | 31° Keetmanshoop: 14° | 31° Aranos: 14° | 32° Lüderitz: 13° | 24° Ariamsvlei: 14° | 29° Oranjemund: 11° | 18° Luanda: 24° | 25° Gaborone: 19° | 35° Lubumbashi: 18° | 37° Mbabane: 13° | 27° Maseru: 12° | 26° Antananarivo: 15° | 27° Lilongwe: 21° | 33° Maputo: 18° | 29° Windhoek: 16° | 30° Cape Town: 14° | 16° Durban: 18° | 22° Johannesburg: 19° | 29° Dar es Salaam: 25° | 30° Lusaka: 21° | 36° Harare: 17° | 32° Currency: GBP to NAD 22.91 | EUR to NAD 19.1 | CNY to NAD 2.48 | USD to NAD 17.63 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.11 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 133.18 | USD to AOA 909.05 | USD to BWP 13.36 | USD to EGP 48.58 | USD to KES 128.5 | USD to NGN 1652.16 | USD to ZAR 17.63 | USD to ZMW 26.66 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1868.93 Up +0.75% | Casablanca Stock Exchange (CSE) MASI 14125.26 Up +2.10% | Egyptian Exchange (EGX) 30 Index 30143.86 Down -1.31% | Botswana Stock Exchange (BSE) DCI 9834.64 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 710.26/OZ UP +0.61% | Copper US$ 4.34/lb UP +0.53% | Zinc US$ 3 058.60/T UP 0.12% | Brent Crude Oil US$ 74.96/BBP UP +0.33% | Platinum US$ 999.19/OZ UP +0.47% Sport results: Weather: Katima Mulilo: 22° | 39° Rundu: 21° | 38° Eenhana: 19° | 37° Oshakati: 20° | 37° Ruacana: 18° | 37° Tsumeb: 23° | 35° Otjiwarongo: 18° | 33° Omaruru: 17° | 33° Windhoek: 16° | 30° Gobabis: 16° | 33° Henties Bay: 12° | 18° Wind speed: 22km/h, Wind direction: S, Low tide: 09:33, High tide: 03:44, Low Tide: 22:02, High tide: 15:58 Swakopmund: 13° | 15° Wind speed: 25km/h, Wind direction: SW, Low tide: 09:31, High tide: 03:42, Low Tide: 22:00, High tide: 15:56 Walvis Bay: 13° | 21° Wind speed: 37km/h, Wind direction: SW, Low tide: 09:31, High tide: 03:41, Low Tide: 22:00, High tide: 15:55 Rehoboth: 12° | 31° Mariental: 15° | 31° Keetmanshoop: 14° | 31° Aranos: 14° | 32° Lüderitz: 13° | 24° Ariamsvlei: 14° | 29° Oranjemund: 11° | 18° Luanda: 24° | 25° Gaborone: 19° | 35° Lubumbashi: 18° | 37° Mbabane: 13° | 27° Maseru: 12° | 26° Antananarivo: 15° | 27° Lilongwe: 21° | 33° Maputo: 18° | 29° Windhoek: 16° | 30° Cape Town: 14° | 16° Durban: 18° | 22° Johannesburg: 19° | 29° Dar es Salaam: 25° | 30° Lusaka: 21° | 36° Harare: 17° | 32° Economic Indicators: Currency: GBP to NAD 22.91 | EUR to NAD 19.1 | CNY to NAD 2.48 | USD to NAD 17.63 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.11 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 133.18 | USD to AOA 909.05 | USD to BWP 13.36 | USD to EGP 48.58 | USD to KES 128.5 | USD to NGN 1652.16 | USD to ZAR 17.63 | USD to ZMW 26.66 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1868.93 Up +0.75% | Casablanca Stock Exchange (CSE) MASI 14125.26 Up +2.10% | Egyptian Exchange (EGX) 30 Index 30143.86 Down -1.31% | Botswana Stock Exchange (BSE) DCI 9834.64 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 710.26/OZ UP +0.61% | Copper US$ 4.34/lb UP +0.53% | Zinc US$ 3 058.60/T UP 0.12% | Brent Crude Oil US$ 74.96/BBP UP +0.33% | Platinum US$ 999.19/OZ UP +0.47%