As at the 31st of July 2022, the stock of international reserves stood at N$49.2 billion compared to N$43.9 billion at the end of May 2022, the Bank of Namibia has said. The Bank noted that the increase in international reserves was mainly due to SACU receipts, diamond proceeds andContinue Reading
Deputy minister of industrialisation and trade, Verna Sinimbo has highlighted that it is imperative for Namibian business communities to prepare and take full advantage of the benefits offered under the African Continental Free Trade Area (AfCFTA). Sinimbo who last week was speaking during the awareness campaign of the AfCFTA notedContinue Reading
…emphasises the importance of mutually beneficial deals Mines and Energy minister, Tom Alweendo has told potential Green Hydrogen (GH2) investors that while Namibia would be a committed partner, envisaged investments have to be mutually beneficial to both them as investors and Namibia as the host country. Alweendo was speaking atContinue Reading
Following the covid-19 pandemic, which halted events and made large-scale activities worldwide difficult, the Namibia Biomass Industry Group (N-BiG), the Charcoal Association of Namibia (formerly known as the Namibia Charcoal Association (NCA), and the Namibia University of Science and Technology (NUST), will host a two-day Biomass Fair comprising of aContinue Reading
The final award ceremony and Pitch Night for the Old Mutual Sustainable, Economic & Empowerment Drive (OM SEED) initiative in Oshakati created some memorable moments as this concluded the OM SEED initiative for 2022. Three entrepreneurs from Oshakati won their share of N$85 000, and showcased the determination and driveContinue Reading
Green hydrogen development company Hyphen Hydrogen Energy (Hyphen) is optimistic that the implementation agreement for a planned N$160 billion project will be signed with the Namibian government by year-end. The signing of the implementation agreement will trigger the commencement of the front-end engineering design phase of the project, which willContinue Reading
In line with Letshego’s purpose to improve lives, the pan-African inclusive finance Group is now launching its latest flagship product, Affordable Housing. The product is available to customers in Namibia and Botswana, with rollout plans to the Group’s remaining pan-African countries. Citizens across Africa, and many global emerging markets, struggleContinue Reading
Aim-listed investment company Kazera Global has received the second payment of US$400 000 (about N$6.5 million) in accordance with the terms of a deal signed with Chinese company Hebei Xinjian Construction, as announced on July 20. Under the terms of the deal, Kazera will receive a US$7.5-million (about N$122 million)investment fromContinue Reading
By Patricia Olivier Those of you who are nearing retirement age have most probably thought about life after work – and most importantly how to sustain yourselves when there is no longer a monthly salary coming your way. Some of you participate in your employer’s Pension Fund Scheme specifically forContinue Reading
Base metals miner Trevali warned on Monday that its liabilities exceeded its assets and that it would not be able to make a mandatory payment of N$122 million on a revolving credit facility this week. This comes as the company has faced several setbacks, including a flooding event that shutteredContinue Reading
