Capricorn Group Limited created value of N$2.15 billion during the six months ended 31 December 2022, which was shared by its main stakeholders including employees, government, ordinary shareholders and suppliers among others. The Group last week expressed that it had achieved solid results with profit after tax for the sixContinue Reading
By Hayley Allen Bank Windhoek has noticed that fraudsters have increased their criminal activities by targeting senior banking citizens by persuading them into providing their login credentials, including their banking Personal Identity Numbers (PINs). These fraudsters usually contact senior citizens during the evenings when they are at their most vulnerable.Continue Reading
Skytents, a subsidiary of RND Holdings (pty)Ltd, donated tents, mattresses, and blankets to the northern flood relief, to around 20 households after the plea from the Prime Ministers’ Office during her northern visit. This was accepted by Fillipus Shilongo, the Chief Regional Officer of Ohangwena Regional Council, on behalf ofContinue Reading
The TransNamib Board of Directors has announced the imminent departure of Johny Smith CEO of TransNamib effective 31 March 2023. While he has been offered another five year extension by the Board Smith has decided to pursue other opportunities. TransNamib Board Chairperson, Theo Mberirua noted that: “We are thankful toContinue Reading
Development Bank of Namibia (DBN) Head of Marketing and Corporate Communication, Jerome Mutumba, has announced a donation of N$1 million to strengthen maternity facilities with construction of a maternity ward at Rupara Health Centre in Kavango West Region. The region currently does not have a maternity ward. One room isContinue Reading
USA First Lady Jill Biden will travel to Namibia and Kenya from Wednesday, February 22nd to Sunday, February 26th to strengthen the United States’ partnerships on the African continent, and advance our shared priorities in the region. Dr. Biden’s engagements will focus on the empowerment of women and youth, effortsContinue Reading
Deep-South Resources Inc. has announced that the High Court of Namibia has postponed the publication of the verdict in the case to review Mines and Energy Minister, Tom Alweendo’s decision not to renew its Exploration and Prospecting licence for the Haib project to March 15, 2023. Pierre Leveille, President &Continue Reading
…as employee costs are almost N$1 billion NamPower’s operational profitability has worsened compared to the previous financial year recording an operating loss before net finance income of N$2.3 billion, Board Chairperson, Daniel Motinga said in the power utility’s recently released annual report. Motinga also noted that for the first timeContinue Reading
The Communications Regulatory Authority of Namibia (CRAN) has notified that since Friday, 17 February 2023, it commenced with the auctioning process for radio frequency spectrum bands 694-790 MHz and 790-862 MHz allocated to International Mobile Telecommunications (IMT) services on a primary basis. These spectrum bands are commonly referred to asContinue Reading
Following renewed efforts to strengthen bilateral relations, the Bank of Namibia (BoN) and Banco Nacional de Angola (BNA) signed a Memorandum of Agreement to formalize technical collaboration and partnership between the two institutions. The Agreement has been hailed by the Governor of the Bank of Namibia, Johannes !Gawaxab, and hisContinue Reading
