Traces of cobalt found in Namibia

According to Namibia Rare Earths Inc., a mineral resources exploration company in Namibia, there are possible traces of cobalt in Namibia. This comes after what the company says is detailed analyses of archived soil samples in the Western Targets area which have confirmed "kilometer-scale cobalt anomalies." According to…

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Namibia's Nimbus acquires stake in Paratus Africa for $8 million

Paratus Africa, one of the largest privately owned telecommunications operator, has announced that Nimbus Infrastructure Limited has acquired a 26,5 percent stake in its Namibian operation for an amount of N$95-million (approximately $8 million). The transaction is structured such that Nimbus purchases 8% of the issued share capital…

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