18% of Namibia’s population lives below the poverty line, and almost a quarter of children in Namibia have stunted growth due to malnutrition. The Capricorn Foundation, funded by Capricorn Group’s subsidiaries Bank Windhoek, Capricorn Asset Management and Entrepo, dedicated almost N$1,5 million in the last three months to Vulnerability Initiatives,Continue Reading
The FirstRand Namibia Group has announced the appointment of Vekondja Kuzee as their new Chief Information Officer, effective 1 February 2024. Kuzee, a seasoned technology professional, has been with the group since 2010, and previously held the position of Head of Enterprise Architecture for the past 7 years. FirstRand Namibia’sContinue Reading
During December 2023, Namibia exported Beer valued at N$98.1 million which was mostly destined to South Africa, Angola and Zambia. Over the entire period (December 2022 to December 2023), the value of Beer exported averaged N$62.6 million with the largest value of N$119.2 million recorded in December 2022 and theContinue Reading
As online shopping continues to grow, FNB Namibia is advising customers to be wary of cyber criminals when purchasing goods or services online. “As technology evolves, scams are also getting increasingly sophisticated. We urge customers to not to use their cards on untrusted websites, links, or online platforms, especially whenContinue Reading
In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt nearly 20 times higher to approximately 39%, South Africa President Cyril Ramaphosa highlighted in his well-attended, full-house opening address onContinue Reading
Namibia’s exports continue to be on an upward trajectory surpassing a N$100 billion mark by recording N$105.0 billion during 2023, compared to N$97.4 billion registered during 2022. According to the Namibia Statistics Agency (NSA), during the month of December 2023, the country’s trade balance stood at a deficit of N$299Continue Reading
TransNamib is embroiled in a legal battle with its tenant, Intercape over unpaid rentals allegedly amounting to at least N$1.5 million, Business Express understands. Despite Intercape having settled some of the arrears which have engulfed a dispute in which TransNamib also wants Intercape evicted from its premises at No 19.Continue Reading
Gold miner, B2Gold has said that a 39 000m drill program has been planned to define and expand the Antelope deposit with an initial mineral resource estimate at the deposit anticipated by the third quarter of 2024. The miner revealed this last week highlighting positive exploration drilling results from theContinue Reading
Non-resident debt, both foreign individuals and firms exhibited an increase in credit uptake, registering a growth of 3.6% y/y in December 2023, a rise from 0.7% y/y in November 2023, research experts Simonis Storm have said. According to Simonis Storm, this is in line with foreign direct investments recorded inContinue Reading
Insights garnered from research conducted by Simonis Storm reveals that uranium prices will play a pivotal role in catalyzing mining activities within Namibia from 2024 onwards. Simonis Storm makes these revelations in its latest economic outlook report for 2023 in which it highlights that this anticipated upsurge in uranium miningContinue Reading
