By Quinten Potgieter In a recent independent study of over 1600 banked Namibians, FNB Namibia posted top ratings across categories of top-of-mind awareness and consideration when making financial service decisions. Participants, randomly selected from the banked population of Namibia, across all banks, noted professions and jobs from all categories ofContinue Reading
The Namibia Investment Promotion and Development Board (NIPDB) has launched the inaugural Know2Grow (K2G) NextGen Entrepreneurs – an annual market access and capacity building platform designed to drive the development and acceleration of innovative businesses by young entrepreneurs. The event is scheduled to take place in Tsumeb on 16 toContinue Reading
Exports nearly doubled in July 2022 from 12-months ago, rising by 99.6% y/y, trade statistics released by the Namibia Statistics Agency this week reveal. During the same time, imports increased by 60.1% y/y. However, the value of exports is still overshadowed by a rising import bill, where the trade deficitContinue Reading
Namibian offshore oil and gas discoveries by TotalEnergies and Shell are of commercial quantities, likely in the billions of barrels, mines and energy minister, Tom Alweendo said late last week. Both companies announced earlier this year that they had made “significant” discoveries offshore Namibia, and are currently making assessments. TheContinue Reading
Developer of the Etango-8 Uranium project in Namibia, Bannerman Energy has started share trading on the OTCQX in the US, after having been upgraded from the OTCQB. The company, which will continue to trade under the OTC market symbol BNNLF, said on Wednesday that the approval to trade on theContinue Reading
Canada-based Osino Resources is contemplating a N$6.4 billion gold mine in Namibia, which will produce about 200 000 oz/y at an all-in sustaining cost of N$15 700/oz. This is according to the Twin Hills project prefeasibility study (PFS), the results of which were announced on Tuesday. The PFS calculated aContinue Reading
The environment ministry has accepted the scoping report of Renewstable Swakopmund, a green hydrogen power plant in Swakopmund, Erongo region being developed by HDF Energy. HDF Energy Namibia can now proceed with finalising the Environmental and Social Impact Assessment report. Once operational, the project will enhance local clean electricity generation,Continue Reading
…as 620 000 subscribers were set to be affected Telecom Namibia has managed to avert a major network crisis which would have resulted in 620 000 subscribers being affected by settling its matter with Nampower out of Court and withdrawing an interdict it had filed with the High Court last week. AtContinue Reading
SBN Holding’s non-interest revenue grew by 7.7%, continuing to grow above inflation levels to N$615 million attributable to good margins on trading revenue and growing use of digital channels, notably electronic banking and instant cash. This was revealed by the SBN Holding in its release of interim results for theContinue Reading
The Oryx Properties Board has approved Group’s strategy for the next three years until 2025, with the aim to grow the total asset base inorganically to N$4.5 billion, Ben Jooste, CEO of Oryx Properties has said. Announcing the Group’s annual financial results published on 2 September 2022, Jooste said managementContinue Reading
