Bank Windhoek’s Executive Officer for Marketing and Corporate Communication Services, Jacquiline Pack, said that the agriculture sector has always been a cornerstone of Namibia’s economy and society, contributing around 6% to Gross Domestic Product (GDP) and creating employment opportunities. Pack said this statement on Tuesday, 5 November 2024, while announcingContinue Reading
By Simson Shimakeleni The Communications Regulatory Authority of Namibia (CRAN) is mandated to regulate the Postal Services by the Communications Act (No. 8 of 2009). CRAN passed the Regulations Prescribing Licence Categories and Licensing Procedures for Postal Service Licensees in Government Gazette No. 7072, General Notice 506, dated 02 December 2019,in accordanceContinue Reading
Reconnaissance Energy Africa Ltd announced its dual-listing on the Namibian Stock Exchange (NSX), marking a significant milestone as the first publicly traded oil and gas company on the exchange. The company is progressing work at the Petroleum Exploration Licence 073 (PEL 73) in Namibia, where drilling resumed in mid-October toContinue Reading
PETROFUND has announced the appointment of Shoki Kandjimi as the head of the Fund’s Communications and Stakeholder Engagement Office, effective 01 November 2024. This newly established role highlights PETROFUND’S commitment to strengthening its communications efforts and further cementing stakeholder relations within the energy industry, especially when Namibia is preparing itselfContinue Reading
The U.S. Department of State Bureau of Overseas Buildings Operations (OBO) has announced that the new U.S. Embassy Windhoek, Namibia, was awarded the Best Project in the Government Building category by Engineering News Record (ENR)’s Global Best Projects competition. This esteemed recognition highlights the exceptional design and construction efforts behindContinue Reading
France’s energy giant TotalEnergies has kicked off drilling activities at an exploration well close to previously made light oil discovery in the prolific Orange Basin off the coast of Namibia with a semi-submersible rig owned by Northern Ocean and managed by Odfjell Drilling. The Deepsea Mira rig, which has beenContinue Reading
Coca-Cola Beverages Africa has invested US$50 million (about N$880 million) in a new bottling line in Namibia, capable of producing 27,000 bottles per hour. This upgrade will increase the plant’s output capacity by 30% and stimulate growth throughout the company’s value chain. The investment also includes the installation of aContinue Reading
MTC employees, in partnership with MVA Fund and Namib Mills, made a generous donation of over 250 sleeping mattresses and essential food supplies to Cocoma Primary School in the Kavango East Region, Ndiyona circuit. The donation is a significant contribution extended as part of MTC Care, an employee-led initiative aimedContinue Reading
Letshego Namibia has announced the appointment of Mbo Mena Luvindao as its Chief Commercial Officer (CCO), effective 1 November 2024. Luvindao brings a wealth of expertise and a dynamic vision to the role. As CCO, Luvindao’s mandate is to drive Letshego’s commercial strategy, enhancing growth, profitability, and deeper customer engagementContinue Reading
By Bernard Minnaar The Transfer Duty Act (2024) amendments, which primarily target residential property transactions, have increased the cost of transferring residential properties held in corporate entities by applying transfer duties to shares in companies and member interests in close corporations. These changes aim to close tax loopholes, making propertyContinue Reading
