Minister of Mines and Energy, Tom Alweendo has said that the recent discovery of oil in itself will not necessarily lead to cheaper local fuel price. Not long ago a joint venture consisting of Shell, Qatar Energy and Namcor announced that they have discovered oil offshore. Soon after that, anotherContinue Reading
The Namibia Chamber of Commerce and Industry (NCCI) has fired a salvo at newly formed business association, NALOBA, highlighting that over recent weeks, false and misplaced allegations have been advanced through the media by misguided individuals and groups purporting to speak on behalf of Namibia’s business sector. NCCI CEO CharityContinue Reading
Having adopted and implemented a new Business Support System (BSS) late last year, MTC has successfully rolled it out to streamline its business process and ensure agility in serving over 2.5 million Namibians on its grid. The evolution of technology is constant, and digitalization is now a factor central toContinue Reading
FNB Namibia has received a total of seven PMR Awards at a handover held in Windhoek this week. “We are humbled and honoured to receive these PMR awards as this once again validates FNB’s commitment to provide customers with consistent value and service that make a real difference in theirContinue Reading
The Far-North of Namibia has always been a key strategic focus area for Bank Windhoek, evident from the Bank’s footprint of 16 branches and 106 Automatic Teller Machines (ATMs). Bank Windhoek’s Managing Director, Baronice Hans, shared this information at the Northern Estate Agents Award event hosted on Thursday, 10 MarchContinue Reading
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
