NAMIBIA

Cameco's chief geologist Doug McIlveen stands in a tunnel inside the uranium producer's Cigar Lake mine

Uranium ETF provides play on nuclear energy

A growing demand for nuclear energy across much of the globe will undoubtedly make uranium a prized commodity, as new power plants proliferate. Investors seeking to capitalize on this evolving energy trend might consider a new exchange-traded fund, the Global X Uranium ETF (NYSE: URA), one of the very few investment vehicles in the world that can be regarded as a pure play on uranium.

German 'flight bomb' scare a security test: minister

German 'flight bomb' scare, a security test : minister
A suspect package believed to be containing components of a bomb found at Windhoek airport on Thursday was only a security test, German officials said on Friday. Interior Minister Thomas de Maiziere stated that suitcase was only designed for security checks and no explosives of threat to passengers were found in the package.

German 'flight bomb' scare, a security test: minister

German 'flight bomb' scare, a security test : minister
A suspect package believed to be containing components of a bomb found at Windhoek airport on Thursday was only a security test, German officials said on Friday. Interior Minister Thomas de Maiziere stated that suitcase was only designed for security checks and no explosives of threat to passengers were found in the package.
'Suspect bomb' found on German Flight

'Suspect bomb' found on German flight

A suspect package believed to be containing components of a bomb was reportedly found at the Namibian Capital of Windhoek on Thursday. A suitcase checked on to a plane en-route to Munich Germany was intercepted during the loading of an Air Berlin flight. Initial reports from the Germany's Federal Crime Office suggest that the X-ray device revealed batteries that were attached with wires to a detonator and a ticking clock.
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Zimbabwe diamond industry may face more trouble

Zimbabwe's diamond sector is facing trouble again in the New Year with a coalition of industry-based associations and representatives in the US met the state department and demanded tough action by the Kimberley Process against the erring miners. They urged strict steps in implementing the joint work plan (JWP) designed to bring Zimbabwe into full KP compliance.
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Uranium glut caps shares but China boosts future

Shares in uranium producers offer prospects of long-term gains as China ramps up ambitious growth in its nuclear industry, but the ride may be rough due to excess near-term supplies from expanding mines and inventories.
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Telkom H1 profit falls, shares slump

South African fixed-line phone company Telkom SA Ltd reported close to a 40 percent fall in first-half profit on Monday as both its domestic and Nigerian units struggled, sending its shares tumbling.
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Forsys cancels C$579 mln George Forrest takeover

Forsys Metals Corp said on Tuesday it has terminated its agreed C$579 million ($504 million) takeover by holding company George Forrest International Afrique (GFI) after the buyer failed to transfer funds to complete the deal.
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Why it’s OK to go to Africa

People who've traveled through Africa almost always say it was an amazing and unforgettable experience, yet most others are still either scared or disinterested.
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Petrobras brings good news Acquisition

Brazilian Company, Petrobras which has acquired 60% of interest in Namibian exploration recently on Tuesday said it has $10 billion credit line from the China Development Bank to refinance its investments and services that has bought from china.
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EU nations agree seal product ban, trade spat looms

European ambassadors approved a European Union plan to ban imports of furs and other products from culled seals on Friday, moving the 27-nation bloc one step closer to a trade clash with Norway and Canada.
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AGC takes 29.04% stake in Aflease Gold

Commodity Online JOHANNES BURG: African Global Capital on Sunday announced its first investment by taking stakes of nearly 30 percent in Aflease Gold, according to South Africa s Business D...
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Fugitive Alexander secures extradition delay

Fugitive U.S. millionaire Jacob 'Kobi' Alexander, who has made political connections and pledged to invest millions of dollars in Namibia, secured another delay in his extradition hearing on Monday.
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There's Little to Celebrate Over African City Summits

Nairobi's Africities summit is the fourth for local governments in the continent. The first, in Abidjan, Cote d'Ivore in 1998, saw the emergence of the African municipal movement on the regional and international scene.
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Namibia's MTC Mobile Firm to Build 3G Network

Namibia's main mobile phone operator, Mobile Telecommunications Limited (MTC), 34-percent owned by Portugal Telecom, plans to launch third generation services and Siemens will build the network.
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Nambia Inflation Up to 5.4 pct in Aug

Namibia's annual inflation rate quickened to 5.4 percent in August from 5.1 percent in July, largely driven by rising food and transport costs, official data showed on Monday.

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