Letshego Holdings Namibia Limited (Letshego Namibia), a subsidiary of the pan African inclusive finance entity that has a presence in 11 Africa markets, is further demonstrating its social impact strategy through the listing of the Africa Group’s first social bond on the Namibian Stock Exchange (NSX). The Group’s inaugural socialContinue Reading
The Old Mutual Foundation has launched its third edition of the highly anticipated Old Mutual Sustainable, Economic, and Empowerment Drive (OM SEED) today with a total investment of N$800 000 in support of grassroots entrepreneurs in Ohangwena, Zambezi, Oshikoto, and Kavango West Regions. Following the remarkable impact achieved in theContinue Reading
Pan-African legal and business advisory group CLG – formerly Centurion Law Group – has appointed Namibian lawyer Rachel Mushabati as Senior Associate, as the firm solidifies its commitment to tackling complex legal issues across Africa’s oil and gas sector. Committed to supporting clients in developing Africa’s energy resources, the appointmentContinue Reading
By Joel Shikoyeni As Namibia joins the Fourth Industrial Revolution (4IR), the Information and Communication Technology (ICT) industry starts to have a significant impact on the country’s economy, promoting equality of opportunity, industrial development, economic growth, and poverty eradication. The Namibian government has put laws in place to encourage theContinue Reading
By Bloomberg Exxon Mobil Corp. and Shell Plc are among energy giants evaluating bids for a stake in Galp Energia SGPS SA’s major oil field offshore Namibia, according to people familiar with the matter. TotalEnergies SE and Equinor ASA are also among those considering acquiring the 40% stake Galp isContinue Reading
Mines and Energy Minister, Tom Alweendo as well as the National Petroleum Corporation of Namibia (NAMCOR) both won awards at the 28th edition of the Big Five Board Awards 2024 of the Africa Energies Summit. These are the longest running African-focused energy awards, and this year’s Big Five finalists wereContinue Reading
Namibia Wildlife Resorts (NWR) has announced a historic N$46 million profit and a clean audit report for two consecutive years, a testament to its unwavering commitment to effective governance and statutory compliance. In a highly competitive environment, the company produced solid financial performance in 2023. Revenue increased by 32%, fromContinue Reading
This week, Bank Windhoek’s Head of Small and Medium-sized Enterprises (SME), Financial and Data Analytics, Bianca Janse Van Vuuren, announced that the Bank has fully utilised the N$ 200 million allocated under the Small and Medium-sized Enterprises (SME) Economic Recovery Loan Scheme, of this amount N$ 192 million is alreadyContinue Reading
The Bank of Namibia has promoted Elia Paavo, Naufiku Hamunime, and Olivia Haenert. Elia Paavo has been promoted to Deputy Director for Offsite Analysis in the Banking Supervision department. This promotion is a significant milestone in achieving the Bank’s continued strategic goal of maintaining a stable and inclusive financial system.Continue Reading
Consumers don’t give much thought to depositing their hard-earned money into their bank accounts or having their salaries directly deposited. But when was the last time you considered the myriad of ways that banks ensure your finances are secure, giving you one less thing to worry about? Safeguarding your hard-earnedContinue Reading
