Results for: Namibia

ReconAfrica, an oil exploration company, initially made ambitious claims of vast oil reserves in Namibia’s Kavango Basin, causing its stock to surge. However, controversies arose after the company’s plans for fracking were rejected by the Namibian government, and its oil well results were questioned. This led to investor lawsuits, and ultimately a CAD $14.5 million settlement. This article examines the journey of ReconAfrica, from its initial promises to the legal fallout and its recent efforts to regain investor trust.

FlyNamibia has reintroduced its regular weekday flights between Windhoek and Lüderitz in Namibia, signaling a commitment to domestic air travel and regional economic development. The move, made possible through a strategic partnership with TotalEnergies EP, aims to stimulate tourism, provide essential transportation for businesses, and foster sustainable growth in the Lüderitz region.

Namibia is poised to become a global leader in green technology, aiming to leverage Tesla’s Energy Master Plan for its ambitious green industrialization strategy. The country’s focus on renewable energy, particularly green hydrogen, and its commitment to sustainable development are attracting significant foreign investments and global attention. Namibia’s collaboration with Elon Musk, the recent Green Hydrogen Forum, and its commitment to unity are key drivers in its journey to become a thriving green economy.

Namibia’s upcoming visa policy requiring citizens from 31 countries to obtain visas before entering the country has sparked debate about its potential impact on tourism. While some fear it may deter travelers, others see it as a positive step toward diplomatic balance and a potential revenue generator. The decision has also sparked discussions on reciprocal visa systems in Africa, highlighting the need for fairness and equal treatment in international travel.

Zimbabwe and Namibia have announced plans to cull hundreds of wild elephants and other animals to address food shortages caused by a severe drought in the southern African countries. The move has sparked controversy, with some criticizing the culling while others argue it is necessary to manage elephant populations and address food insecurity.

Exxon Mobil has reportedly withdrawn from the bidding to acquire a stake in a major oil discovery off the coast of Namibia. This comes after over a dozen oil companies showed interest in the discovery, estimated to hold billions of barrels of oil and gas. While the reasons for Exxon’s withdrawal remain unclear, other companies are still vying for the stake, highlighting the continued interest in expanding oil exploration in Namibia.

Namibia faces a severe drought, leading to the culling of hundreds of wild animals to alleviate food insecurity and reduce grazing pressure. The meat from these animals will be distributed to vulnerable communities. The decision has sparked controversy, highlighting the complex challenges posed by drought and wildlife management in the region.

Scientists have discovered fossils of a massive, fang-toothed predator that lived millions of years before dinosaurs. The creature, named Gaiasia jennyae, reveals that early tetrapods may have thrived in colder climates than previously thought, adding to the complexity of their evolutionary history.

Three unidentified male tourists have sparked outrage and condemnation after they were photographed posing naked atop the popular Big Daddy dune in Namibia’s Namib desert. The incident, which occurred at one of the country’s top tourist attractions, has angered local authorities and residents who have called for action against the trio. The tourism ministry has warned that the individuals may be blacklisted from entering any of Namibia’s parks.

Authorities in Namibia have vehemently denounced a group of tourists who posed naked on the renowned Big Daddy dune in the Namib Desert, expressing shock at their behavior. The men reportedly stripped off for photo and video opportunities during a dune safari, blatantly violating park and national laws against public indecency. The incident has sparked outrage among tourism officials and the public alike, who demand consequences for the perpetrators.