By Joel Shikoyeni As Namibia joins the Fourth Industrial Revolution (4IR), the Information and Communication Technology (ICT) industry starts to have a significant impact on the country’s economy, promoting equality of opportunity, industrial development, economic growth, and poverty eradication. The Namibian government has put laws in place to encourage theContinue Reading
By Bloomberg Exxon Mobil Corp. and Shell Plc are among energy giants evaluating bids for a stake in Galp Energia SGPS SA’s major oil field offshore Namibia, according to people familiar with the matter. TotalEnergies SE and Equinor ASA are also among those considering acquiring the 40% stake Galp isContinue Reading
Mines and Energy Minister, Tom Alweendo as well as the National Petroleum Corporation of Namibia (NAMCOR) both won awards at the 28th edition of the Big Five Board Awards 2024 of the Africa Energies Summit. These are the longest running African-focused energy awards, and this year’s Big Five finalists wereContinue Reading
Namibia Wildlife Resorts (NWR) has announced a historic N$46 million profit and a clean audit report for two consecutive years, a testament to its unwavering commitment to effective governance and statutory compliance. In a highly competitive environment, the company produced solid financial performance in 2023. Revenue increased by 32%, fromContinue Reading
This week, Bank Windhoek’s Head of Small and Medium-sized Enterprises (SME), Financial and Data Analytics, Bianca Janse Van Vuuren, announced that the Bank has fully utilised the N$ 200 million allocated under the Small and Medium-sized Enterprises (SME) Economic Recovery Loan Scheme, of this amount N$ 192 million is alreadyContinue Reading
The Bank of Namibia has promoted Elia Paavo, Naufiku Hamunime, and Olivia Haenert. Elia Paavo has been promoted to Deputy Director for Offsite Analysis in the Banking Supervision department. This promotion is a significant milestone in achieving the Bank’s continued strategic goal of maintaining a stable and inclusive financial system.Continue Reading
Consumers don’t give much thought to depositing their hard-earned money into their bank accounts or having their salaries directly deposited. But when was the last time you considered the myriad of ways that banks ensure your finances are secure, giving you one less thing to worry about? Safeguarding your hard-earnedContinue Reading
Letshego Bank Namibia and Ongos Valley Property developers have united to provide affordable housing, specifically designed to cater to those in the middle to low income bracket. Through Letshego Home Loan your dream of owning a home is now within reach. This partnership is a game-changer in our approach toContinue Reading
The latest Fraser Institute Survey of Mining Companies has found that various African countries, including Namibia, have declined in their investment attractiveness for mining exploration. Fraser Institute’s 2023 annual mining survey, which assesses the impact of mineral endowments and policy factors on attitudes toward exploration investment. The survey responses haveContinue Reading
The West African Energy Summit has announced that Maggy Shino, Petroleum Commissioner of Namibia, will be presenting never-before-seen insights on the Luderitz Basin at this year’s inaugural event. The session will be hosted by the Petroleum Commission of Namibia and their leadership including Ms. Maggy Shino. The Petroleum Commissioners presentationContinue Reading
