In line with the statutory reporting requirements set forth in the Bank of Namibia, 2020 (Act No.1 of 2020), the Governor of the Bank of Namibia (BoN), Johannes !Gawaxab appeared before the Parliamentary Standing Committee on Economics and Public Administration to report on the current operations and affairs of theContinue Reading
Nedbank Namibia has announced that the first preliminary round of the 2024 Nedbank Kapana Cook-Off Competition will take place at the Spar Super Market in Ongwediva on Saturday, June 15. The competition which launched in Windhoek in May, is dedicated to celebrating Namibia’s rich culinary heritage and foster business opportunitiesContinue Reading
This week, Bank Windhoek’s Managing Director, Baronice Hans, said that as a Namibian-owned financial institution, Bank Windhoek’s responsibility extends beyond financial services and strives towards the betterment of Namibia through presence and corporate social responsibility. Hans delivered the statement at the launch of the Bank’s new brand campaign titled “IsContinue Reading
Sanlam Namibia’s Marketing and Communications Manager (Brand), Laurencia Prinzonsky, has been appointed as the president of the African Insurance Women Association (AIWA). As AIWA president, Laurencia is set to lead the organisation in its mission to connect Africa Women in insurance for a greater impact. The organisation seeks to provideContinue Reading
From the vibrant landscapes of the Zambezi Region, the 2024 Old Mutual Sustainable, Economic and Empowerment Drive (OM SEED) initiative has once again showcased the entrepreneurial spirit of Namibia. This year, the initiative highlighted the remarkable talents of individuals from Katima Mulilo, culminating in the celebration of three outstanding entrepreneurs.Continue Reading
Uranium project developer Bannerman Resources has announced a moderate increase in the preproduction capital forecast for the Etango-8 project, in Namibia. This update follows the completion of the front-end engineering design (FEED) and control budget estimate (CBE) processes. The completion of FEED and the CBE has refined the outcomes ofContinue Reading
Sparkle will team with Telecom Namibia for the provision of capacity services on the Equiano subsea cable connecting Portugal to South Africa, in order to boost Namibia’s digital transformation journey. “We are very pleased for this agreement with Telecom Namibia which confirms our shared vision on the importance of internationalContinue Reading
City of Windhoek has announced the appointment of Metusalem ‘Archie’ Nikanor as the Strategic Executive: Human Capital and Corporate Services, effective 04 June 2024. Nikanor’s career, spanning more than 20 years includes various commercial and human capital management roles across diverse industries such as mining, consulting, utilities, and public serviceContinue Reading
Trustco Group Holdings Limited has announced a landmark agreement to convert N$4.4 billion (USD 235 million) of debt into equity, paving the way for a planned USD100 million capital raise in the US markets. The agreement is expected to increase Trustco’s net asset value by approximately N$1.5 billion (USD 79Continue Reading
Canada-headquartered oil and natural gas exploration player Sintana Energy has wrapped up its acquisition of a stake in Giraffe Energy Investments, which enabled it to get a hold of a new license in the Orange Basin off the coast of Namibia. Thanks to a deal with Crown Energy, a NamibianContinue Reading
