…as K2G NextGen Entrepreneurs Showcase lights up Tsumeb Governor of the Oshikoto region, Penda ya Ndakolo has said that MSMEs’ contribute approximately 12 percent of Namibia’s GDP adding that the sector has approximately 33,700 MSMEs of which around 15,000 are formally registered. Ya Ndakolo was speaking today at the inaugurationContinue Reading
By Carmen Forster Retirement funds and the Financial Institutions and Markets Act, Act No. 2 of 2021 (FIMA) received significant media focus earlier this year. For a brief time, events such as the war in Ukraine and the rising cost of living were overshadowed by retirement fund debates in coffeeContinue Reading
The hydrogen industry may grow the domestic labour market by creating an estimated 280,000 jobs by 2030 and 600,000 jobs by 2040, contents of Namibia’s Green Hydrogen Derivatives Strategy launched recently reveals. Of these, about 30% would be direct (in the industry), 20% would be indirect (through goods and services),Continue Reading
It is not possible for a Minister to simply increase the Total Allowable Catch (TAC) outside or in contradiction to the scientific advice provided by Marine Resources Council (MRAC) despite calls by the industry to do so, fisheries and marine resource minister, Derek Klazen has said adding that doing soContinue Reading
Capital injections for the third quarter of 2022 into B2 Gold’s Otjikoto gold mine totalled US$20 million (about N$347 million), the miner said last week while releasing its operational and financial results for the third quarter of 2022. This expenditure primarily consisted of N$139 million for Wolfshag underground mine development,Continue Reading
Namibia’s Minister of Transport John Mutorwa will be joined by Finnish Minister for Development Cooperation and Foreign Trade Ville Skinnari to officiate the opening of the Namibia Aviation and Connectivity Forum that takes place 16-18 November 2022 at the Safari Court Hotel in Windhoek. Among other prominent names coming throughContinue Reading
Hydrogen power plant and fuel cell company Hydrogène de France (HDF Energy) and development finance institution the European Investment Bank (EIB) have formalised their partnership to develop a green hydrogen power plant in Swakopmund, Namibia. “The signing of the agreement is a key step in our longstanding engagement with theContinue Reading
Development Bank of Namibia (DBN) has announced the approval and implementation of a Business Rescue Programme for qualifying businesses financed by the Bank as a possible alternative to liquidation. The programme takes the form of partial conversion of debt into various types of preference shares to be held by theContinue Reading
By Isaack Veii There has always been uncertainty in markets. Recent negative investment returns, coupled with increased inflation and rising interest rates, have not helped much in easing the minds of investors. So, what should investors do? Should investors ‘de-risk’ by moving to money market investments or should they waitContinue Reading
FNB Namibia is providing more convenient ways for customers to update their personal information by availing the option for verification using the Cellphone Banking channel. Document verification and personal information update or validation, also known as Know Your Customer (KYC), is a requirement of FIA (the Financial Intelligence Act, 13Continue Reading
