Trustco Group Holdings Limited has announced that Riskowitz Value Fund (RVF), a US-based fund, has entered into a six-month non-exclusive agreement to invest up to N$1.9 billion of hybrid capital into Trustco. “RVF’s proven track record and in-depth understanding of global markets make them a valuable asset as we exploreContinue Reading
By Angelique Peake and Olavi Hangula “Implementing a robust local content policy in the oil and gas industry isn’t just about extracting resources; it’s about empowering local economies and fostering sustainable growth. By prioritising local manufacturing and supporting sectors, we not only fuel industrial development but also cultivate a thrivingContinue Reading
Sanlam has launched its “Extra Roadshow” setting the stage for an extensive stakeholder engagement campaign. The roadshow will traverse key towns including Walvis Bay, Luderitz, and Omuthiya, aiming to educate and engage the public on the financial solutions provided by Sanlam, with a particular emphasis on the newly enhanced benefitsContinue Reading
Bank Windhoek’s Executive Officer of Marketing and Corporate Communication Services, Jacquiline Pack, has announced the appointment of Wetumwene Shikage as the Bank’s Strategic Communication Specialist at the Marketing and Corporate Communication Services (MCCS) department, effective Friday, 1 March 2024. Pack said that Shikage is a determined communicator with leadership skillsContinue Reading
The Roads Authority (RA) has announced the introduction of learner licence testing at its Omuthiya NaTIS office, effective Friday, 26 April 2024. Bookings for learner licence tests will commence on the abovementioned date and will be made daily from Monday to Friday. “Customers seeking to book for learner licence testsContinue Reading
By Horst Simon Sub-Saharan Africa, home to diverse cultures, abundant resources, and dynamic economies, is a region of immense potential. However, amidst its promise lies a landscape fraught with risks that demand attention and initiative-taking strategies. From political instability and security threats to environmental vulnerabilities and health crises, Sub-Saharan AfricaContinue Reading
Pan-African industrial energy group, Oilserv Ltd has set its sights on establishing a footprint in Namibia ahead of first oil production and associated infrastructure development. As a leading provider of oilfield services for clients across the Middle East and Africa, Oilserv has participated in some of the largest gas pipelineContinue Reading
The new EIF green concessional loan facility for youth entrepreneurs wishing to undertake economically viable investments that integrate low carbon and climate adaptation instruments is expected to grow and deploy N$300 million in the 2024/2025 financial year. This is contained in EIF’s annual report for the 2022/2023 financial year releasedContinue Reading
President Nangolo Mbumba has urged the most recent graduates from University of Namibia (UNAM) to, in the absence of work, harness their entrepreneurial spirit and visionary mindset to create new opportunities, challenge the status quo, and pioneer innovative solutions to address the complex challenges facing our societies. Mbumba who wasContinue Reading
Over 90% of Namibian depositors are covered under the Deposit Guarantee Scheme which aims to protect depositors from the loss of their deposits by compensating them in the unlikely event of a commercial bank failure. The Scheme adopts a guaranteed coverage limit of N$25,000 which is currently in effect. TheContinue Reading
