The most recent case of resource nationalism in Africa occurred last week in Namibia, the 4th biggest uranium producer in the world. Its ‘friendliest mining regime’ image evaporated on April 21 when the Minister for Mines in a budget speech in the National Assembly, somewhat out of the blue, stated that the Government’s mining company, […]
Govt pockets all rights to mine uranium (with my comments in italics) (the Namibian) CABINET has declared uranium, copper, gold, zinc and coal as strategic minerals to allow the State-owned Epangelo Mining Company “exclusive exploration and mining” rights, Mines and Energy Minister Isak Katali told Parliament yesterday. Katali said Cabinet recently approved a submission in this regard
the Namibian: Govt pockets all rights to mine uranium Read More »
SEVEN years after the Government ordered a black economic empowerment (BEE) policy for the country, Namibia is finally set to start implementing the Transformation and Empowerment Socio-economic Framework (Tesef) this year. According to the latest Medium Term Expenditure Framework (MTEF), tabled in Parliament by Finance Minister Saara Kuugongelwa-Amadhila last week, 25 per cent of Tesef
TESEF – Namibian Govt BEE policy implemented this year. Read More »
(Betcha you didn't know I could be this formal). I am writing to you, not as a citizen of Namiba, but as a keen observer of the South African broad-based black economic empowerment system. I have been eagerly awaiting the publication of the final TESEF document and would appreciate the opportunity to discuss a few
Caird’s letter to the Prime Minister of Namibia, HE Nahas Angula regarding TESEF Read More »
Ndaambe Haikali, a banker from Namibia, very kindly sent me a notice that is circulating on paper (not on the internet). It's called "Have your say on TESEF" and invites citizens to submit comments before the 15th of July this year. They have committed to launching this programme sometime next year. The document makes for
TESEF fest? In other words Namibia’s BEE codes are coming Read More »
Found this on the Republikein Online website. THE Namibian financial sector, in consultation with Government, has been engaged in sector-wide consultations for the past few years with the aim of formulating a Charter for the sector. It has been agreed that the Charter will apply to all financial institutions, except SMEs as defined in the
This comes from a recent Namibia mining report that you can buy for $500 US. Or you can read the summary here. In May 2009, there were fresh media reports that Namibia is thinking of following the lead of South Africa and introducing a mining charter, designed to increase black ownership of mineral assets. South
Namibia’s mining charter mooted Read More »
Namibian Mines and Energy Minister Erkki Nghimtina announced that Government was nearing completion of the long-awaited Transformational Economic and Social Empowerment Framework (TESEF) that would compel mining companies to empower communities within which they operate.Addressing an annual general meeting of the Chamber of Mines in Windhoek a fortnight ago, Nghimtina said TESEF would compel all
Namibia’s BEE is getting closer – so they say Read More »
