Monica Geingos, First Lady of the Republic of Namibia has recognised the critical role that institutions like Namib Desert Diamonds (Pty) Ltd (NAMDIA) play in bridging societal divides within Namibia’s economy emphasising the importance of not solely focusing on capital returns but also placing a significant emphasis on social returns.Continue Reading
By Trophy Shapange Have you ever wondered why everything from cars to sweets alongside the road is suddenly getting expensive? In times of economic chaos, it can be challenging to stay ahead of the curve. One of my greatest mentors is a 90-year-old man who resides in the beautiful villageContinue Reading
There has been a significant increase of 55% in the utilisation of postboxes, the Communications Regulatory Authority of Namibia (CRAN) has said. In a quarterly report, the Authority said that a number post offices across the country also witnessed modest growth of 3%. Elsewhere, the mobile telecommunications sector experienced aContinue Reading
The coastal area of Namibia recorded the lowest occupancy rate in May 2023, at 44.2%, from the highest last month of 58.1%, hospitality statistics for May by Simonis Storm show. In the month, the central area had the highest occupancy rate of 54.9% (17.6 percentage points higher than the previousContinue Reading
Notwithstanding the efforts by Namibia’s Roads Authority to justify the shortlisting of seven foreign companies, after the prequalification phase for the 32 km road rehabilitation project between Karibib and Usakos (TR7/1) – which is financed by a loan by the German government through the Kreditanstalt für Wiederaufbau (KfW) – theContinue Reading
Kaoko Green Energy Solutions (Pty) Ltd and Impact Hydrogen have signed a Memorandum of Understanding (MOU) in which these companies have set their sights on developing a revolutionary hydrogen gas stove specifically designed for cooking purposes. The MoU on a “Collaborative Framework on hycooker usage, production, sustainable development andContinue Reading
Telecom Namibia has signed a Memorandum of Understanding (MoU) with CENORED to commemorate the journey towards cooperation in areas that embrace Namibia’s future towards digital transformation and innovation. The objective of the MoU is to set out areas of mutual cooperation between Telecom Namibia and CENORED as it pertains toContinue Reading
IJG Namibia’s 2023 vehicle sales reports indicate that passenger and commercial vehicle segments have been recording positive year-on-year growth for ten consecutive months, with rising interest rates seemingly doing little to dampen demand. To further assist the motoring industry’s drive to bring vehicles to customers, Bank Windhoek’s Vehicle and AssetContinue Reading
By NJ Ayuk The world is watching Namibia. To be more specific, the energy world is watching. Ever since oil and gas majors Shell (United Kingdom) and TotalEnergies (France) announced massive hydrocarbon discoveries in Namibia’s offshore Orange Basin in 2022, interest in additional exploration in the Southern African country hasContinue Reading
The Namibian Financial Institutions Supervisory Authority (NAMFISA) has ordered over N$2.2 million back into consumers’ pockets. The regulator received various complaints from consumers of financial services during the period January 2023 to March 2023. The complaints were mainly against the Long-term and Short-term insurance industry, Pension Funds industry and Micro-lendingContinue Reading
