Page 99 - Kavango News Today

ReconAfrica (TSX.V: RECO, OTCMKTS:RECAF) owns the entire Kavango basin In Northeastern Namibia and Northwestern Botswana. That’s over 8.75 million acres that is as deep as the prolific Texas Permian basin.  Reservoir engineering firm Sproule originally assessed the potential of the oil in the Namibian portion of the Kavango Basin as containing up to 12 billion barrels of oil (or) 119 trillion cubic feet of natural gas. Source: Research Report - Mark Heim CFA Those are great numbers on their ...

GABARONE, Botswana — An explorative study looking into the feasibility of drilling for oil and natural gas in the Okavango River Basin in Southern Africa’s Kalahari Desert is moving forward, despite opposition from environmental activists. Pressure group Alliance Earth is against the exploration of the area, which sits in Namibia and Botswana, for what it claims may be hydraulic fracturing, also known as fracking. This is the controversial process of firing a high pressure mixture of water,...

. The fate of one of Africa’s most valuable ecosystems may depend on results from wells being drilled deep into the bedrock beneath the Kalahari of northern Namibia and Botswana in the hunt for a petroleum reservoir. If the search by Canadian oil and gas company ReconAfrica is successful, the region could be irrevocably transmogrified by networks of access roads, truck traffic and heavy machinery, pipelines, drill rigs and hundreds of oil and gas production wells. A group of yellow-billed sto...

2 hours ago | Economics PHILLEPUS UUSIKU Namibia joined other 85 countries in the world to benefit from International Monetary Fund (IMF) financial relief for Covid-19 and acquired a loan... 2 hours ago | Economics PHILLEPUS UUSIKUDue to oversupply of rental properties and more bargaining power possessed by tenants, landlords are forced to settle for less in rental payments for... 2 hours ago | Economics PHILLEPUS UUSIKU The low interest rate environment as a result of the Covid-19 pandemic neg...

14 December 2020 | Environment MAKING A DIFFERENCE: N$2.5 million worth of funding was handed over to 32 entrepreneurs. Photo: CONTRIBUTED ELLANIE SMIT WINDHOEK A total of 32 entrepreneurs received N$2.5 million worth of funding through the recently launched Sustainable Development Goals Impact Facility (SDGIF). The CEO of the Environmental Investment Fund (EIF) Namibia, Benedict Libanda, said at this first grant handover that the SDGIF is a multi-stakeholder financial and capacity building pla...

Controversial drill rig arrives in Namibia Posted by   THE arrival of the Yellowstone, a general cargo vessel, in the port of Walvis Bay has increased fears that the Kavango River and the Okavango Delta will be damaged irreparably if exploration for oil is allowed to go ahead.   ReconAfrica believes that a formation known as the Kavango Basin holds significant amounts of oil and gas. Drilling of two test wells to the south of the Kavango River is set to begin later this month as soon as the ...

Sports The clock is ticking for the Namibia Sports Commission (NSC) to reconsider the application by the Namibia Premier League (NPL) for registration as a national sports body in terms of the Namibia Sports Act 2003 (Act No. 12 of 2003) (“the Act”). Following days of uncertainty on whether or not the envisioned Namibia Premier Football League (NPFL) will kick off next month, the secretary general of the Namibia Football Association (NFA), Franco Cosmos, yesterday came out to reaffirm th...

OGONE TLHAGE WINDHOEK Erindis Mexican suitor Alberto Baillères has not yet submitted a revised business plan that is required before the sale of the luxury game farm can proceed. The ministry of trade indicated in June that Baillères had requested an extension to submit the bid for his planned take-over of the game farm, which has been in the market for well over seven years. A ministerial source has told Namibian Sun that there is no indication when the document will be submitted. “We awai...

Opinion - The new dawn in social media in unifying masses 2020-12-11  Kennedy K. Mabuku Since time immemorial, Namibia and Botswana have been intimately and harmoniously linked by their history and geography that has shaped their past, engaged the present and had a hopeful and promising future.  While the preceding is true, it is also necessary to insist on the fact that these countries share a rich cultural heritage in language and family settings. Recently, this connection and bond has s...