The country’s Gross Domestic Product (GDP) growth is expected to moderate to 3.3% in 2023 and 2.8% in 2024, from 4.6% in 2022, mainly due to the dry weather conditions which will be compounded by a slowdown in consumption. This according to FNB Namibia Economist, Ruusa Nandago. In her NamibiaContinue Reading
Bank Windhoek’s Executive Officer of Marketing and Corporate Communication Services, Jacquiline Pack, has announced the appointment of Otilie Sabatha as Bank Windhoek’s Head of Brand Marketing, effective 1 October 2023. “Sabatha is a quality-oriented brand and strategy professional with vast experience in brand marketing,” said Pack. As Bank Windhoek’s HeadContinue Reading
By Samuel Linyondi In October, the Bank of Namibia (BoN) left the repo unchanged at 7.75%, the highest in the past 14 years. If a repo rate increases, borrowing becomes more expensive, and product and service prices increase for consumers. The repo rate is one of the monetary tools toContinue Reading
Namibia emerged among the top ten innovative economies in Africa, according to the recent World Intellectual Property Organization (WIPO) 16th edition, the Global Innovation Index (GII) report of 2023. The GII reports have been produced annually since 2007, and are aimed at providing insightful data on innovation, to track majorContinue Reading
Shaun Lahner, recently appointed as Nedbank Namibia’s Head of Strategy, Business Development and Research, embodies innovation and strategic acumen, the Bank has said He brings over a decade of comprehensive experience in the financial services industry to the forefront. His journey, marked by significant roles both locally and internationally, isContinue Reading
Portuguese energy player Galp Energia has begun drilling an exploration well at the offshore PEL 83 block in Namibia. The Mopane-1X well is being drilled by the Hercules semi-submersible rig. In May 2023, Galp Energia signed a contract with Bermuda-based vessel and chartering company SFL Corporation for the use ofContinue Reading
…Supermajor may spud first exploration well in October 2024. Chevron is preparing the ground to drill up to 10 exploration and appraisal wells in a highly promising block in Namibia’s exciting Orange basin, directly north of TotalEnergies’ multibillion-barrel Venus discovery. The US supermajor farmed in to Block 2813AB last year,Continue Reading
TotalEnergies has completed more than a dozen flow tests on an appraisal well at its multibillion barrel Venus oil and gas discovery in Namibia’s prolific Orange basin. For the time being, results are being kept under wraps by the secretive supermajor but any sign of hydrocarbons flowing to surface inContinue Reading
Wilson Tjirare, Godfried Zemburuka and Frenfriedt Karipata were recently announced as the top three champions of the Agra 2023 Weaner Championship Series National Winners – Communal Towns. The trio participated in the final Weaner Championship Series event for the Communal towns in Gobabis, hosted by Agra Auctions. The communal townsContinue Reading
By Tomas Koneka Iindji Every successful entrepreneur understands that cash flow is the lifeblood of their business, and that without it, the business will not survive. In the current economic environment, effective cash flow management is crucial for any business to stay afloat. Cash flow provides the necessary funds forContinue Reading
