…issues penalty of N$1 million to one institution, cautions many In its money laundering and the financing of terrorist and proliferation activities, the Namibia Financial Institutions Supervisory Authority (NAMFISA) has issued a financial penalty amounting to N$1 million to one accountable institution (AI) in the capital markets space for non-compliance,Continue Reading
For the year ended 30 June 2023, Paratus Namibia has invested N$450 million in infrastructure which is nearly double its spend of N$282 million in the previous financial year. This is contained in Paratus’ financial results for the year ended 30 June 2023 which further highlight that this infrastructure spendContinue Reading
Higher education institution, Stadio last week gave its graduating postgraduate students share certificates, giving them shares in the Stadio group and ownership in the Stadio business. Speaking at the institution’s spring graduation last week, Brighten Simasiku, Head of Stadio Namibia highlighted that Stadio is a listed entity on the JohannesburgContinue Reading
Uruguay state-run energy firm Ancap is set to agree to final terms for a record number of seven offshore exploration licenses next month, a senior executive told Reuters, as the frontier market lures bets from global players like Shell. To date no oil or gas has been found in UruguayanContinue Reading
NAMDIA, the Namib Desert Diamonds (Proprietary) Limited Company, a 100% commercial public enterprise marked a historic occasion at the launch of its Annual Report for the financial year 2022/2023 last week, declaring a record-breaking dividend of N$300 million to NAMDIA’s shareholder, the Government of the Republic of Namibia. This declarationContinue Reading
French energy giant TotalEnergies has made progress with its multi-well appraisal and exploration drilling program in Namibia, which is being carried out with two rigs. The oil major is currently checking out well flow test results, which it plans to use to decide on a course of action when itContinue Reading
By Werner Loftus, CEO, Enfin In a rapidly evolving world, the pursuit of sustainability is paramount. Enfin, poised to lead in Namibia’s solar funding arena, is driven by a singular guiding principle. This value, our guiding star, is the belief that businesses should not only thrive but also foster aContinue Reading
… hydrogen refuelling station is expected to be fully operational by mid-2024 Cleanergy Solutions Namibia, a joint venture between the Ohlthaver & List (O&L) Group and CMB.TECH has announced a premiere: the bricklaying of Africa’s first public green hydrogen refuelling station. The hydrogen production plant established in Walvis Bay, Namibia,Continue Reading
The Namibian Building Workers Pension (NBWPF), an umbrella fund for the construction sector, has said that it recognises the challenges faced by the construction sector and its impact on employers and employees. With the sector experiencing a significant downturn in recent years, many workers have faced job insecurity and aContinue Reading
French company TotalEnergies announced on Wednesday some positive results at an exploration well in Namibia and added it would increase its returns to shareholders, as part of an investor day. Analysts had said they were particularly keen to hear more about the French energy group’s recent exploration activity offshore NamibiaContinue Reading
