During July 2024, 671 new Toyota vehicles were sold, accounting for over 50% of total new vehicle sales, a report by Simonis Storm reveals. Of these, 365 were light commercial vehicles, 305 were passenger vehicles, and one was a medium commercial vehicle. Regarding the popularity of Toyota models, the ToyotaContinue Reading
India is set to establish its next Entrepreneurship Development Centre (EDC) in Namibia, marking a significant step in its educational collaboration with African nations. The announcement came during an address by Puneet Kundal, Additional Secretary (East & Southern Africa Division), Ministry of External Affairs, at a FICCI dialogue with AfricanContinue Reading
Aldoro Resources Ltd will be able to confidently progress exploration activities at the Kameelburg Rare Earth Elements (REE) Project in Namibia following the renewal of three Exclusive Prospecting Licences (EPLs). EPLs 7372, 7373 and 7895 have been successfully approved for renewal by the Ministry of Mines of Namibia. These threeContinue Reading
Specialists in AV technology integration and supply, Stage Audio Works Namibia recently integrated a complex array of tech to provide a major auditorium upgrade for Bank of Namibia, the nation’s most important financial institution. Crestron tech installed at the HQ in Windhoek included an AirMedia receiver, PTZ cameras and aContinue Reading
Global consulting and engineering firm Wood has been selected by Bannerman Energy to deliver the detailed design phase of its flagship Etango-8 uranium project, in Namibia. Wood has supported Bannerman on the Etango project for over a decade delivering two feasibility studies and one pre-feasibility study on the development. TheContinue Reading
Following Galp’s hydrocarbon discoveries in the Mopane Structure in the offshore Orange Basin earlier this year – estimated to hold at least 10 billion barrels of oil and gas equivalent – Namibia has cemented its reputation as Africa’s premier exploration hotspot. Maggy Shino, Petroleum Commissioner of Namibia’s Ministry of MinesContinue Reading
Dundee Precious Metals Inc. has announced that it received notice of approval under the Namibia Competition Act for the Company’s sale of its interest in the Tsumeb smelter to a subsidiary of Sinomine Resource Group Co. Ltd. (Sinomine). The sale is on track to close as planned in the thirdContinue Reading
With over 14 years of experience in the IT industry and 7 years in the banking sector, Steve Makuchete has been appointed as the Head of Channels and Payments at Letshego Holdings Namibia. In this role, Makuchete will lead the development and implementation of Letshego’s channels and payments strategy, focusedContinue Reading
Trustco Group Holdings Limited today announced the decision to implement a share consolidation, also known as a reverse stock split to international investors, following its recent announcement regarding the upgrade of its American Depositary Receipts (ADR) program. The board of Trustco has approved and recommended to shareholders for approval, theContinue Reading
With a decade of multifaceted experience spanning in sales, marketing, operations and HR in the Fast-Moving Consumer Goods (FMCG) sector, Derick Steyn has been appointed by Multichoice Namibia as Head of Sales. He brings a unique blend of strategic vision, operational excellence, and interpersonal skills to the business. Steyn joinsContinue Reading
