Public and Private sector need to work together to rebuild economy On Monday, 8 March, Nedbank Namibia hosted the Nedbank National Budget Review event at the new Nedbank Campus in Windhoek. In attendance at the event were, the Honourable Speaker of the National Assembly, Professor Peter Katjavivi, the Minister ofContinue Reading
Another N$130 million for development finance, funded by private investors The Development Bank of Namibia (DBN) has issued a new bond, DBN29, with a face value of N$130 million. The 7-year bond was issued via private placement on 4 March 2022, and it matures on 5 March 2029. DBN29 wasContinue Reading
Namibia commends and recognises SACU, as one of its key strategic partners working, among others, towards a post-COVID economic recovery, Vice President Nangolo Mbumba has said. Mbumba was speaking this week on the occasion of his visit to the SACU headquarters. “As you are all aware, post-COVID-19 recovery requires aContinue Reading
As Namibia’s second important discovery in recent weeks, Namibia’s oil and gas industry is set to create an influx of new investment, and local content opportunities for the country. The African Energy Chamber sat with Ian Cloke, COO Afentra to discuss the enormous potential of what could engineer Namibia’s newContinue Reading
Representatives from several major U.S. companies have begun a visit to explore investment and commercial opportunities in Namibia. Ms. Akunna Cook, a visiting senior State Department Official responsible for the United States’ economic diplomacy for all of Africa, will lead the delegation that includes officials from the U.S. Department ofContinue Reading
The Development Bank of Namibia (DBN) has responded to the Black Business Leadership Network of Namibia (BBLN)’s petition by stating that it has been and remains responsive to economic challenges faced by entrepreneurs in the country in line with its legal mandate and strategic business objectives. The Bank proactively respondedContinue Reading
Namibia’s premier digital enabler, MTC, and the Environment Investment Fund (EIF), through the National Plant Genetic Resource Centre (NPGRC/Genebank), sponsored a sum of N$400 000 (N$200 000 each) for the establishment of a rural community Seedbank in Kavango West region, Ncuncuni constituency. Namibia’s national seed bank protects and save seedsContinue Reading
Prospects have started to improve for the logistics sector in Namibia as the rest of the world gradually recovers from the COVID-19 pandemic. This sector is important for the growth of the Namibian economy, as Namibia is well-placed to be a logistics hub for its landlocked neighbours. The Walvis BayContinue Reading
Meatco CEO Mwilima Mushokabanji has revealed that as part of Meatco’s long term strategy to profitability, Meatco’s debts with commercial banks have to date been reduced by 70 percent. He in a statement this week also revealed that between 2019 and 2021 – the harshest period in Namibia’s drought season,Continue Reading
THE Construction Industries Federation of Namibia (CIF) has expressed concern over housing cost increases caused by new project specifications, unwarranted delays, which ultimately also impact the cost in every stage of a house building project, which then also escalates the price for the end-user. The federation this week said thatContinue Reading
