Despite Namibian households being under increased economic pressure, there is still a need for housing in the market. This statement was shared by Bank Windhoek’s Head of Specialist Finance, Saara Shivute, at the Bank Windhoek Coastal Estate Awards hosted on Friday, 14 April 2023, in Walvis Bay. Shivute added thatContinue Reading
Haib Minerals, the fully-owned Namibian subsidiary of copper explorer and developer Deep-South Resources, held a “very constructive” meeting with Namibia Mines Minister Tom Alweendo, Mines Ministry mining commissioner Isabella Kandjii-Chirchir and Mines Ministry deputy executive director Erasmus Shivolo on April 13. Deep-South Resources has been in a legal battle withContinue Reading
The Namibian Ports Authority recorded an impressive eighty-seven percent (87%) increase in passenger vessel calls for 2022/2023 in comparison to the 2021/2022 financial year. The increase in passenger vessels is attributed to the maritime industry’s positive strides towards recovery from the recent pandemic that had negatively impacted holidaymakers’ travelling dueContinue Reading
NamPower has signed Power Purchase (PPA) and Transmission Connection (TCA) agreements with CERIM Lüderitz Energy (PTY) LTD for the development of the 50MW Lüderitz Wind Power Plant on a Build-Own-Operate Basis, and the associated transmission connection infrastructures required to connect the power plant to the Namibia Grid. The power plantContinue Reading
FNB Namibia today celebrated and reaffirmed its contributions to Namibian Micro, Small and Medium Enterprises (MSME) while also launching an updated SME Value Proposition to further expand SME success. Speaking at the event, FNB Namibia Commercial Banking Executive Officer Sepo Haihambo highlighted SMEs as a catalyst for economic development thatContinue Reading
The Namibia Investment Promotion and Development Board (NIPDB) and the World Bank Group have successfully concluded the Chelete Cage pitch event, providing a crucial platform for innovative startups and micro, small, and medium enterprises (MSMEs) to raise funds and meet their capital needs. The initiative, held recently in Windhoek, marksContinue Reading
By Kehad Snydewel ICT Deputy Minister, Hon. Emma Theofelus, recently stated that Namibia will become a ‘world-preferred destination’ for the offshoring of ICT services. This of course immediately piqued our interest as one of Namibia’s largest ICT-services providers. The deputy minister continued to explain that they will achieve this statusContinue Reading
By Sanja van den Berg When it comes to financial planning and management, artificial intelligence (AI) is rapidly becoming one of the most important tools at our disposal. In a world where market conditions can change rapidly and unexpectedly, being able to rely on AI to help us make informedContinue Reading
QatarEnergy has signed a Memorandum of Understanding (MoU) with the Ministry of Mines and Energy of the Republic of Namibia to strengthen cooperation in the energy sector. The agreement was signed by Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, and TomContinue Reading
It is becoming increasingly difficult for Agribank to source affordable capital and on-lend to the agriculture sector at affordable rates, the Bank has said in its latest quarterly economic outlook report. The Bank further noted that this prompts the need for the Bank to continuously engage stakeholders and shareholders forContinue Reading
