Since March 2023, Bank Windhoek has disbursed N$50 million to support the Namibian Government’s Small-Medium Enterprise (SME) Economic Recovery Loan Scheme launched in February. The news was shared on Tuesday, 9 May 2023, by Bank Windhoek’s Executive Officer of Business Banking, Leon Koch, who encouraged eligible SMEs to approach theContinue Reading
The Namibian Ports Authority recorded a record-breaking amount of cargo handled of 7,691,781 tonnes during the 2022/2023 financial year (ending 31 March 2023) in comparison to the amount of cargo handled of 6,576,370 tonnes in the previous financial year and a notable 17% year-on-year increase in cargo handling. “The majorContinue Reading
By Hanks Saisai It is common knowledge that livestock and crop farming are increasingly under threat from risks such as drought and it has become essential for farmers to explore diversification options to sustain their farming ventures. To this end, poultry production specializing in the rearing of layer hens toContinue Reading
By: Rikus Grobler, Capricorn Group Innovation Manager Food waste has become a global issue that affects not only the economy but also the environment. According to the United Nations, one-third of all food produced globally is wasted, while over 800 million people worldwide suffer from hunger. This wastage has significantContinue Reading
Stephanus Vries: Human Capital Manager at Old Mutual Namibia Many individuals are apprehensive about their future job prospects as the globe continues to embrace automation and artificial intelligence. While it is true that some tasks are becoming automated, technology is unlikely to completely replace human workers. Instead, we are enteringContinue Reading
As the lead investment promotion agency in Namibia, the Namibia Investment Promotion and Development Board (NIPDB) aims to attract and retain sustainable investment for the private sector–led and inclusive economic growth for Namibia. For that reason, the NIPDB has coordinated the country’s participation in the Annual Investment Meeting (AIM) 2023,Continue Reading
NAMCOR is poised to take Namibia’s oil industry local benefit agenda to Paris in France where the parastatal will advocate for local content partnerships regarding field development and upstream opportunities in Namibia, Business Express understands. With three significant oil and gas discoveries and the initiation of a major green hydrogenContinue Reading
Lara Burger, country manager of TransUnion Namibia has said that the global information and insights provider is seeing a persistently high number of digital fraud attempts, with the total volume of suspected digital fraud attempts originating from Namibia increasing most notably in the gaming sector, where the rate of attemptsContinue Reading
Research firm, Simonis Storm has released a report which shows that despite rising interest rates, both household and corporate credit is rising. Household credit grew by 5.4% y/y in March 2023, compared to 5.0% y/y in February 2023. This was the fastest pace in household credit growth since May 2020.Continue Reading
Governor of the Bank of Namibia (BoN) Johannes !Gawaxab has highlighted the country’s need to build competent and accountable institutions in order to ensure a level playing field for all actors operating in the oil industry. He said the integrity of government institutions is vital to ensure the country maximisesContinue Reading
