FirstRand Namibia Group handed over a symbolic dividend cheque for the financial year ended June 2023 to the Government Institutions Pension Fund (GIPF) on Monday. The dividend totalled N$321 971 760.99. The GIPF’s 15.7% shareholding in FirstRand Namibia Ltd ensures financial stability, growth, and security for GIPF’s members and beneficiariesContinue Reading
Africa Oil Corp. has made a cash offer to acquire up to 8.0% of issued shares from minority shareholders in Impact Oil and Gas Limited. The offer is worth up to approximately US$64 million (about N$1.2 billion), which implies a valuation of US$805 million for 100% of the issued shareContinue Reading
New Generation Reporting took centre stage this week when the Capricorn Group, in partnership with GreymatterFinch, hosted yet another Investor Relations Workshop. The event, held on Tuesday at the Hilton Hotel in Windhoek, was attended by players from various sectors of the Namibian economy, including listed companies on the NamibianContinue Reading
FNB Namibia staff recently volunteered their time to prepare workbooks, pack stationery and prepare teaching files for the Amos Meerkat Early Childhood Development Programme. The Amos Meerkat Project is a pre-school development programme that aims to ensure that every pre-schooler in Namibia, particularly those from farming communities and informal settlements,Continue Reading
The Capricorn Foundation and Wolwedans Foundation officially launched a unique partnership in Maltahöhe. The Capricorn Foundation has pledged N$1 million towards the Wolwedans Foundation’s flagship initiative, RuralRevive: Building a Desert-based Economy, showcasing its dedication to economic advancement, sustainable development and the empowerment of the Maltahöhe community. Capricorn Foundation’s generous contributionContinue Reading
Namibia’s only special risk insurance company, Namibia Special Risks Insurance Association Limited (NASRIA) has donated 100 chairs to CJ Brand High School in Wanaheda in a bid to enhance and advance education excellence. This donation was handed over to the principal of the school today Monday 18 March 2024. SpeakingContinue Reading
Tom Alweendo, Namibia’s Minister of Mines and Energy, will speak at the 2024 edition of the African Energy Week (AEW): Invest in African Energy conference – taking place November 4-8 in Cape Town. Alweendo’s return to the event underscores his commitment to increasing investment across the Namibian energy value chainContinue Reading
The Bank of Namibia has won the award for transparency at the annual Central Banking Awards. Organised by Central Banking Publications, the annual awards celebrate outstanding performance in the Central Banking community. As the overall winner in the transparency category, the Bank of Namibia was recognised for its efforts inContinue Reading
The annual Bank Windhoek Central Estate Agents Awards ceremony took place in Windhoek on Friday, 15 March 2024. The event was hosted to award real estate agents for their dedication to the development of the property market in Namibia. Awarded as the top three central agencies were Aqua Real EstateContinue Reading
According to the most recent budget from the Namibian Ministry of Finance for the fiscal year 2024/25, planned government expenditure on vehicle purchases has significantly risen to N$285.5 million. For context, the total expenditure on vehicle purchases for operational and development purposes in the fiscal year 2022/23 was N$76.6 million,Continue Reading
