…issues penalty of N$1 million to one institution, cautions many In its money laundering and the financing of terrorist and proliferation activities, the Namibia Financial Institutions Supervisory Authority (NAMFISA) has issued a financial penalty amounting to N$1 million to one accountable institution (AI) in the capital markets space for non-compliance,Continue Reading

For the year ended 30 June 2023, Paratus Namibia has invested N$450 million in infrastructure which is nearly double its spend of N$282 million in the previous financial year. This is contained in Paratus’ financial results for the year ended 30 June 2023 which further highlight that this infrastructure spendContinue Reading

Higher education institution, Stadio last week gave its graduating postgraduate students share certificates, giving them shares in the Stadio group and ownership in the Stadio business. Speaking at the institution’s spring graduation last week, Brighten Simasiku, Head of Stadio Namibia highlighted that Stadio is a listed entity on the JohannesburgContinue Reading

NAMDIA, the Namib Desert Diamonds (Proprietary) Limited Company, a 100% commercial public enterprise marked a historic occasion at the launch of its Annual Report for the financial year 2022/2023 last week, declaring a record-breaking dividend of N$300 million to NAMDIA’s shareholder, the Government of the Republic of Namibia. This declarationContinue Reading