Namibia's government holds a 24% equity stake in the Hyphen Green Hydrogen Project through the Sovereign Wealth Fund, with its share funded through grants from development partners. The country is also expanding uranium exploration in the Omaheke Region and Nasan Energies has acquired 52 service stations to become Namibia's third-largest oil marketing company.
20 July 2026 · Informanté →
The Namibian Competition Commission has approved the merger between CNNC Overseas Ltd and Bannerman UK for the Etango Uranium Project, but imposed stringent conditions aimed at safeguarding employment, promoting localisation, strengthening skills development, and ensuring greater Namibian participation in the uranium industry.
20 July 2026 · Windhoek Observer →
PDM president McHenry Venaani has endorsed the draft Nuclear Bill, arguing that Namibia should use its uranium resources to drive economic growth and value addition rather than export raw minerals. The government has concluded nationwide public consultations on the proposed legislation, which seeks to modernise the nuclear regulatory framework and establish three specialised institutions to oversee the peaceful use of nuclear technology.
20 July 2026 · Windhoek Observer →
Reconnaissance Energy Africa Ltd has successfully produced hydrocarbons to surface during production testing at its Kavango West 1X discovery well in northeastern Namibia, the company says, marking the first hydrocarbons ever produced to surface from an onshore well in the country. The Canadian firm, together with partners BW Energy (20% working interest) and NAMCOR (10% carried working interest), completed testing of three zones in the Elandshoek Formation, with the uppermost zone producing natural gas during flow tests.
20 July 2026 · Windhoek Observer →