🇿🇦His Excellency President @CyrilRamaphosa departs for El-Alamein in the Arab Republic of Egypt this morning where will participate in the 8th African Union Mid-Year Coordination Meeting in his capacity as Chair of the Southern African Development Community. #BetterAfricaBetterWorld 🌍

Justice and labour relations minister Fillemon Wise Immanuel has proposed increasing the monthly allowance for graduate interns from N$2 357.10 to N$3 700 and extending the internship  observer24.com.na/immanuel-p…

This is where you buy a car, not at Hong Kong or someone's status.

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THE ART OF THE DEAL: Knowledge Katti’s oil and gas company Custos Energy is set to transfer its 10% participating interest in Petroleum Exploration Licence 90 (PEL 90) to Chevron in a deal that will give it US$11 million (N$182 million) in cash upfront while retaining exposure to future development and production revenues. Custos announced on Thursday that its wholly owned subsidiary, Trago Energy, had entered into an agreement with Harmattan Energy Limited, a Chevron Corporation affiliate, for the transfer of its entire participating interest in PEL 90. Under the agreement, Trago will receive US$11 million in cash upon completion of the transaction, together with further contingent consideration linked to appraisal and production milestones. This includes revenues associated with commercial production, currently estimated at between 1.5 million and 2.5 million barrels of oil, depending on commodity price assumptions. The transaction is, however, still subject to government, regulatory and third-party approvals. Katti, the Custos chief executive officer and chairman, said the company had been involved in PEL 90 since its award in 2018 and had played a role in bringing Chevron into the licence in 2022. He said the transaction would allow Custos to maintain exposure to PEL 90 while reducing its funding and capital risks. “This transaction allows us to continue our exposure to the very bright future ahead, but in a more capital and risk efficient manner,” Katti said. Update: Nikanor Nangolo Photo contributed

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President Netumbo Nandi Ndaitwah today officially unveiled a historic 176.29 carat natural diamond, christened “Owishi” in recognition of its exceptional rarity. In Oshiwambo, Owishi refers to a rare form of honey found underground and notoriously difficult to locate. Its discovery is considered something special, making it a fitting name for a natural diamond of such exceptional rarity and significance. Discovered by NAMDEB on 10 May 2026 at the Southern Coastal Mine in Oranjemund, the remarkable stone is the largest diamond of its kind recovered at the site in the past two decades. Unveiling the diamond, President Nandi Ndaitwah emphasised the important role of mining as a key enabler of Namibia’s economy and its contribution to the country’s development. The President described the discovery as a significant milestone and a source of national pride, further reinforcing Namibia’s standing as a leading global producer of high quality, gem grade natural diamonds. The discovery comes at a defining moment for the global diamond industry, which is navigating changing consumer preferences, fluctuations in international prices and growing competition from laboratory grown diamonds. Against this backdrop, President Nandi Ndaitwah commended Namibia’s diamond industry for its internationally recognised commitment to responsible mining, ethical practices and sound environmental stewardship. She noted that Namibia’s peaceful and constitutionally anchored environment continues to provide a stable and secure foundation for sustainable investment in the mining sector. The President called on the industry to position Namibian diamonds more prominently on the global stage by telling their unique story of authenticity, ethical provenance and natural rarity, while highlighting their contribution to the country’s development. She highlighted Namibia’s successful 50/50 partnership between the Government and the De Beers Group as an example of how cooperation between the public and private sectors can harness the country’s natural resources for national development. Looking ahead, President Nandi Ndaitwah urged the industry to strengthen Namibia’s participation across the global diamond value chain by expanding commercially viable domestic activities in diamond cutting, polishing and jewellery manufacturing. Ultimately, the President stressed that the true value of Namibia’s natural resources must be measured by how they improve the lives of its people. The wealth beneath Namibia’s soil must translate into shared prosperity for all Namibians.

THE ART OF THE DEAL: Knowledge Katti’s oil and gas company Custos Energy is set to transfer its 10% participating interest in Petroleum Exploration Licence 90 (PEL 90) to Chevron in a deal that will give it US$11 million (N$182 million) in cash upfront while retaining exposure to future development and production revenues. Custos announced on Thursday that its wholly owned subsidiary, Trago Energy, had entered into an agreement with Harmattan Energy Limited, a Chevron Corporation affiliate, for the transfer of its entire participating interest in PEL 90. Under the agreement, Trago will receive US$11 million in cash upon completion of the transaction, together with further contingent consideration linked to appraisal and production milestones. This includes revenues associated with commercial production, currently estimated at between 1.5 million and 2.5 million barrels of oil, depending on commodity price assumptions. The transaction is, however, still subject to government, regulatory and third-party approvals. Katti, the Custos chief executive officer and chairman, said the company had been involved in PEL 90 since its award in 2018 and had played a role in bringing Chevron into the licence in 2022. He said the transaction would allow Custos to maintain exposure to PEL 90 while reducing its funding and capital risks. “This transaction allows us to continue our exposure to the very bright future ahead, but in a more capital and risk efficient manner,” Katti said. Update: Nikanor Nangolo Photo contributed