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
Letshego Bank Namibia and Ongos Valley Property developers have united to provide affordable housing, specifically designed to cater to those in the middle to low income bracket. Through Letshego Home Loan your dream of owning a home is now within reach. This partnership is a game-changer in our approach toContinue Reading
The latest Fraser Institute Survey of Mining Companies has found that various African countries, including Namibia, have declined in their investment attractiveness for mining exploration. Fraser Institute’s 2023 annual mining survey, which assesses the impact of mineral endowments and policy factors on attitudes toward exploration investment. The survey responses haveContinue Reading
The West African Energy Summit has announced that Maggy Shino, Petroleum Commissioner of Namibia, will be presenting never-before-seen insights on the Luderitz Basin at this year’s inaugural event. The session will be hosted by the Petroleum Commission of Namibia and their leadership including Ms. Maggy Shino. The Petroleum Commissioners presentationContinue Reading
Africa Oil has issued updates on its E&P activities offshore southern and western Africa in its latest results statement. In the Orange Basin offshore Namibia, operator TotalEnergies will perform technical studies this year to define a potential development concept for the large Venus oilfield discovery. The Mangetti-1X exploration well, drilledContinue Reading
In April 2024, light commercial vehicles (LCVs) dominated with 433 units sold, indicating robust business and trade activities while passenger vehicles follow closely with 411 units, a report released by Simonis Storm reveals. In this same month, vehicle sales in Namibia fell to 899 units, down from 1,451 units inContinue Reading
The air was filled with tantalising aromas as Nedbank Namibia proudly announced the launch of the 2024 Nedbank Kapana Cook-off Competition at Bra Q’s in Katutura on Friday, 17 May 2024. This year’s competition marks a decade of culinary excellence and entrepreneurial empowerment. At the media launch, 18 media teamsContinue Reading
Paratus Namibia Holdings Limited (PNH), a leading telecommunications company in Namibia, has successfully raised over N$600-million through its recent Rights Issue and investment drive, which was fully subscribed. This significant capital infusion has effectively doubled the company’s market capital on the Namibia Stock Exchange News (NSX). The raised capital hasContinue Reading
