During January 2024, Namibia imported ‘Bread and Biscuits’ valued at N$22.9 million which was mostly sourced from South Africa, India and United Arab Emirates. Over the entire period (January 2023 to January 2024), the value of ‘Bread and Biscuits’ imported averaged N$29.6 million with the largest value of N$37.9 millionContinue Reading
The U.S. government, through the USAID Mobilizing Investment project, announced a grant of N$19 million (US$1 million) to Namibia Hydrogen Fund Managers (Pty) Limited to support the N$22 billion (US$1.15 billion) Sustainable Development Goals (SDG) Namibia One Fund. Launched at the United Nations Climate Change Conference COP-27 in November 2022,Continue Reading
By Kehad Snydewel In the modern world, the pursuit of money has to many become an obsessive activity. There’s nothing wrong with earning money, as long as it’s done with a certain goal in mind. This train of thought and discussion I recently had, got me thinking. We are consumedContinue Reading
By Rebecca Haipinge The Public Procurement Act, 2015 (Act No. 15 of 2015) as amended, set standards and practices for the public procurement systems, and defines “responsive”, in relation to a bid as “responsive to the basic requirements of a bid regarding ability to perform and complete on time”. TheContinue Reading
Nedbank Group delivered a strong financial performance for the 12 months to 31 December 2023 compared with the 12-month prior period as headline earnings (HE) increased 11% to R15,7billion. In a difficult economic environment, this growth in HE was enabled by a strong operational performance as preprovisioning operating profit increasedContinue Reading
Shell has spudded what is set to be the final exploration probe of a high-profile drilling campaign offshore Namibia, fresh from completing multiple flow tests on a critical appraisal well on its large Jonker oil discovery in the country’s prolific Orange basin. The supermajor is coming towards the end ofContinue Reading
by Victor Ashikoto With the introduction of the Avo SuperShop product, Nedbank Namibia is making significant strides in its digitalisation efforts. This offering empowers our clients to easily buy essential products and services online, aligning seamlessly with our strategic vision to establish ourselves as a prominent player in Namibia’s fintech,Continue Reading
By Lydia Sageus The University of Namibia and its philanthropic partner, the University of Namibia Foundation have recently signed a pioneering Memorandum of Agreement to usher in a new era of educational development. This collaborative effort, backed by a substantial seed funding of nearly N$15 million signifies a shared commitmentContinue Reading
With a significant portion of government debt due for repayment, government is set to fork out close to N$23 billion servicing its debts in 2025 alone, including the maturing US$750 (N$14.3 billion) Eurobond due on 29 October 2025 which will be the largest single day debt maturity in the historyContinue Reading
The Port of Walvis Bay has recorded an increase of about 22% in vessel visits since the start of the Suez Crisis when air- and seaborne Houthi militia from Yemen attacked and hijacked an autoliner, the Galaxy Leader, near the Bab al-Mandab Strait between the Red Sea and the GulfContinue Reading
