The Namibian Building Workers Pension (NBWPF), an umbrella fund for the construction sector, has said that it recognises the challenges faced by the construction sector and its impact on employers and employees. With the sector experiencing a significant downturn in recent years, many workers have faced job insecurity and aContinue Reading
French company TotalEnergies announced on Wednesday some positive results at an exploration well in Namibia and added it would increase its returns to shareholders, as part of an investor day. Analysts had said they were particularly keen to hear more about the French energy group’s recent exploration activity offshore NamibiaContinue Reading
The Namibia Financial Institutions Supervisory Authority (NAMFISA) has endured a total comprehensive deficit for the year ended 31 March 2023 amounting to N$8.9 million, the Authority’s latest financial results released today show. This deficit is however positive compared with a budgeted deficit of N$22.8 million. Addressing the media, NAMFISA ChiefContinue 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 declaring a record-breaking dividend of N$300 million to NAMDIA’s shareholder, the Government of the Republic of Namibia. This extraordinary dividend setsContinue Reading
Dimension Data Namibia, a subsidiary of the Ohlthaver & List (O&L) Group has launched its first in-country hosted security platform. As a milestone for digital innovation nationally this security platform features innovative measures to curb, maintain and manage cybersecurity events and intrusions in combination with physical firewalls, network security, threatContinue Reading
FlyNamibia has announced temporary flight schedule adjustments over the upcoming period to accommodate essential aircraft maintenance. To ensure minimal disruption to our passengers, FlyNamibia has arranged an internal rescheduling and repurposing of aircraft to cover affected flights. “With this, however, some operations and route scheduling adjustments will be required. ThisContinue Reading
The Old Mutual Foundation has revealed the 28 primary schools selected to participate in the pioneering Little Green Ambassadors Initiative. This remarkable initiative is dedicated to empowering the youth of Namibia to become champions for our planet and advocates for environmental sustainability. As part of this initiative, the Old MutualContinue Reading
By Carmen Forster This is the fourth instalment in the series on ‘Understanding the Context of Pensions in Namibia in 2023’. Our first three articles covered Pillars 0 and 2 of the World Bank Pension Provision Model. In this article, we will focus on Pillar 1, which relates to contributoryContinue Reading
California-based KoBold Metals, whose backers include billionaires Bill Gates and Jeff Bezos has identified Namibia as one of the country that it will to explore for mineral resources. The company last week expressed that it aims to start producing copper and cobalt at a project in Zambia within 10 years.Continue Reading
Namibia Wildlife Resorts (NWR) has announced that it has been honoured with the prestigious Institute of People Management (IPM) Award for its exceptional commitment to recruiting and nurturing young talents in the hospitality industry. The award ceremony, which recognised NWR for recruiting the highest number of students and interns, tookContinue Reading
