FirstRand Namibia last week celebrated its new insurance brand FNB Short Term Insurance, hosting business leaders, employees, and colleagues across the group in the capital city In March last year OUTsurance Namibia was acquired by FirstRand Namibia Ltd and following all regulatory approvals, FNB Insurance enters the market as 100%Continue Reading
The National Petroleum Corporation of Namibia (NAMCOR), in partnership with Shell and QatarEnergy, has announced a light oil discovery in the Jonker-1X deep-water exploration well. The well was drilled in Block 2913A & 2914B (PEL 0039) in the Orange Basin, offshore southern Namibia. The drilling operations commenced in December 2022Continue Reading
By Vusi Thembekwayo Namibia is an African country that offers several attractive investment opportunities for investors. Some of the reasons for investing in Namibia include: Strong economic growth: Namibia has a stable and growing economy, with an average annual growth rate of 3% over the past decade. This has beenContinue Reading
FirstRand Namibia Economist, Ruusa Nandago says the expected Southern African Customs Union (SACU) revenues are a welcome relief to the fiscus as they provides an upside to government revenue which is expected to increase by 16.5% from N$64.1bn in FY22/23 to N$74.7bn in FY23/24. In the 2023/24 National Budget tabledContinue Reading
..as MV Costa Deliziosa docks at the Port of Walvis Bay today The Namibian Ports Authority will be welcoming guests from the MV Costa Deliziosa today at the Port of Walvis Bay. The Costa Deliziosa which will be on her maiden call has a carrying capacity of 2,260 passengers .TheContinue Reading
ASX-listed Paladin Energy says in its statement for the six months ended December 31, 2022, that since the decision was made in July 2022 to restart the Langer Heinrich mine (LHM) in Namibia and reach commercial production in calendar 2024, the restart project continues. This continues with a focus onContinue Reading
By Hanks Saisai Land is one of the vital means of production that has enabled the transformation of many family agri-business ventures to be well established agri-enterprises that enjoy sustainable profits that are shared over many generations. Owning a piece of this precious asset, regardless of the tenure system underContinue Reading
Government has set its sights on potential dividends of at least N$2.5 billion from its high performing entities – cash cows – as it looks forward to positive revenue to fund the 2023-2024 national budget which was tabled last week and is in excess of N$84 billion, Business Express understands.Continue Reading
After considering the funding requirements of the Group into the future, power utility, NamPower has revealed that it has taken a decision to de-list the NamPower bond programme from both the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX) subsequent to year end. Going forward, plans are underwayContinue Reading
Research firm Simonis Storm has said that the outlook for the local fishing sector has changed from relatively flat to negative in 2023 and this is mainly as a result of on-going illegal fishing by Angolan companies in Namibian waters according to industry contacts. “This has negatively impacted Namibia’s stockContinue Reading
