Telco, Mobile Telecommunications Limited (MTC) which is the largest mobile network operator in Namibia achieved revenue of more than N$3 billion with Net Profit after Tax (NPAT) increasing by 0.14% to N$794 million (2022: 6.7% increase) for the 2023 financial year. In its financial results presentation last week, MTC highlightedContinue Reading
An emerging trend in which inflation is slowing down is expected to continue into 2024 with inflation rates potentially easing to an estimated 5.1%, symbolizing a hopeful stride towards economic equilibrium and resilience in Namibia. According to Simonis Storm, if we look ahead, despite the forecast of a minor surgeContinue Reading
Namibia Critical Metals has announced the completion of the final phase of drilling for its Pre-Feasibility Study (PFS) on the ‘Lofdal 2B-4’ heavy rare earth project in Namibia. The rare earths project developer said in total, infill and resource expansion drilling for the PFS phase amounted to 10,823 metres (m)Continue Reading
…Key economic driver expected to slow down in 2024 Namibia’s GDP growth is projected to slow down in 2023 and 2024, mainly due to the weaker global demand and anticipated contraction in agriculture, the Bank of Namibia has said in its latest economic outlook report. The domestic economy is estimatedContinue Reading
Aldoro Resources Ltd has revealed encouraging head assays during metallurgical test work on drill core samples from the Kameelburg Rare Earths Project in Namibia. The samples have exhibited high-grade total rare earth oxide (TREO) concentrations ranging between 1.08% and 3.53%. One of the notable findings includes an assay of 0.74%Continue Reading
Elevate Uranium, an ASX-listed company with assets in Namibia and Australia, on Friday announced a placement of shares to raise N$124 million (about A$10-million). Demand for the placement, at A$0.32 a share, was strong, reported MD Murray Hill. “The placement adds further depth to our register, strengthens our financial positionContinue Reading
U.S. multinational energy corporation Chevron has donated N$5.6 million for projects that support food security in Namibia, plus N$1 million for emergency drought relief for vulnerable women and children. At a signing ceremony of the partnership between Chevron and the United States Agency for International Development (USAID) in Windhoek, U.S.Continue Reading
London-based Banker magazine has awarded Standard Bank Namibia the coveted Bank of the Year Award. The Awards are regarded as the industry standard for banking excellence and recognise global financial institutions that have outshone their peers. “This acknowledgment is proof of the commitment and tenacity of our amazing staff. EveryContinue Reading
As part of Namibia’s COP28 programme, the Namibia Investment Promotion and Development Board (NIPDB), the Environmental Investment Fund of Namibia (EIF), DMG events and Vasco Da Gama Energy on 06 November 2023 officially launched the inaugural Global African Hydrogen Summit (GAh2S), to be hosted in Windhoek on 03 – 05Continue Reading
By Betty Ndjiva In Namibia, ensuring financial security is a common goal shared by individuals and families alike. Life insurance stands out as a vital tool in this endeavor, offering protection and peace of mind not only for entrepreneurs but for all segments of society. This article explores the comprehensiveContinue Reading
