The first cohort of FirstJob Interns are set to enter the job market after they recently concluded a 12 month long on-the-job intensive training with FirstRand Namibia Group. Speaking at a farewell event held in their honour, FirstRand Namibia Group Chief Human Capital Officer, Isdor Angula said “as a leadingContinue Reading
The Development Bank of Namibia is seeking relief of at least N$26 million in a matter in which it has sued Growmax Agri- Fertilizer (Pty) Ltd, an agri-outfit that is owned by Profile Investments Holdings for breaching their property finance agreement. The finance obtained from the Bank is believed toContinue Reading
Andrada mining’s cash and cash equivalent balance on 28 February 2023 was US$10.3 million (nearly N$200 million) which the company says provides sufficient capital to execute its near-term capital commitments for its lithium pilot facility and tantalum circuit, whilst in the interim the various conditions precedent for the additional financingContinue Reading
Research firm, Simonis Storm has said that while the firm is aware of major housing expansion projects in various towns at the coast and the South of Namibia such as Luderitz and Oranjemund, these will take time to benefit local construction companies. In a report last week, the firm acknowledgedContinue Reading
The recently launched Integrated Business Strategic Plan (IBSP) for the period 01 April 2023 to 31 March 2026 by the Communications Regulatory Authority of Namibia (CRAN) aims to improve service provision to customers and address the affordability of ICT services in the sector. Launched in line with the provisions ofContinue Reading
Mine and Energy minister, Tom Alweendo has called for responsible use of revenue generated from the country’s diamond resources cognisant that the available diamonds will on day run out. Speaking at Debmarine Namibia’s annual stakeholder engagement, Alweendo highlighted that mining as a major contributor to the Namibian economy, stands atContinue Reading
Trustco Group Holdings (Trustco) has announced that the Johannesburg Stock Exchange (JSE) has lifted the suspension on the trading of Trustco shares, effective immediately. The trading of Trustco shares on its secondary markets in Windhoek (NSX) and New York (OTCQX) has also commenced. This follows the publication of Trustco’s restatedContinue Reading
Namibia Wildlife Resorts (NWR) has announced the appointment of its new Board of Directors which was appointed by the Minister of Finance and Public Enterprise, Ipumbu Shiimi. The new board will be chaired by Ambassador Haroldt /Urib, with Dr. Bianca Tjizumaue serving as the Deputy Chairperson. Other members of theContinue Reading
Chinese battery minerals producer Zhejiang Huayou Cobalt has announced a A$2.5-million (about N$30 million) investment in Australia-listed Askari Metals to advance the exploration of its Uis lithium project, in Namibia. Huayou Cobalt also said on Wednesday it had started trial production of lithium concentrates at its Arcadia mine in Zimbabwe.Continue Reading
The Mediclinic Windhoek is one of the eight Mediclinic hospitals that have received a four-year accreditation award at a recent Board Meeting of the Council for Health Service Accreditation of Southern Africa (Cohsasa). Health facilities that have been accredited by Cohsasa meet extremely rigorous international standards, signifying that patients attendingContinue Reading
