The Bank of Namibia (BoN) will now handle the licensing and regulation of payment service providers instead of sharing the responsibility with the Payments Association of Namibia (PAN). This is in line with the recently promulgated Payment System Management Act 14 of 2023 (the PSM Act). The rational for havingContinue Reading
The Namibian Stock Exchange has been named the 2023 winner of the Best Stock Exchange Management (Africa) award from Capital Finance International (CFI.co) The NSX in a statement this week said it was recognised for, among others, positioning itself as a stable and efficient alternative market for addressing regional issuerContinue Reading
By Werner Afunde The writer Ryder Carrol wrote, “No matter how bleak or menacing a situation may appear, it does not entirely own us. It can’t take away our freedom to respond, or our power to take action.” This is an apt point of consideration when considering the current strainContinue Reading
The University of Namibia’s Neudamm Campus, under the Department of Animal Production, Agribusiness and Economics (DAPAE), recently bolstered its research capabilities by acquiring a state-of-the-art Perkin Elmer DA 7250 Near Infrared (NIR) analyser. This significant investment, valued at N$850,000.00, was made possible through funding from the Rangeland Improvement through BushContinue Reading
…Helmut Angula set for retirement Eco (Atlantic) Oil & Gas Ltd has appointed Alice Carroll and Selma Usiku as directors with immediate effect. Alice Carroll is head of corporate sustainability and will now be an executive director of the company, whilst Selma Usiku, an experienced exploration geologist, will be non-executiveContinue Reading
Nictus Holdings has achieved a remarkable N$1 billion in revenue for the year ended 30 June 2023, surpassing revenue of the previous year by 9%, Business Express understands. In the same period, the diversified Group increased its total assets by 25% rising from N$2.1 billion to N$2.6 billion. Subsequently, netContinue Reading
While making financial services available to rural people and leveraging digital solutions is critical for rural economic transformation, about 27% of our rural population has no access to financial services. This was said by minister of urban and rural development, Erastus Uutoni who was speaking at Bank of Namibia’s 24thContinue Reading
Tin producer Andrada Mining, which over the past several years has brought the historic Uis tin mine in Namibia back to life, is in the process of adding both lithium and tantalum to its product lineup. As Andrada CEO, Anthony Viljoen, recently explained that Andrada now identifies as a polymetallicContinue Reading
To counteract the adverse effects of the depreciating Rand, it is advisable for the Namibian government to consider implementing policies that promote domestic production and reduce our reliance on imports, research experts Simonis Storm have said. Additionally, efforts to enhance the competitiveness of Namibian exports should be prioritized, the firmContinue Reading
Air Namibia Retirement Fund is being voluntarily liquidated in terms of section 28 of the Pension Funds Act, Act 24 of 1956 because of clause 10.2 of the Air Namibia Retirement Fund Rules which requires the Fund to be wound up if the employer is wound up. This was saidContinue Reading
