…as N$5.24 billion is recorded in 2023 During the 2023 financial year, the Bank of Namibia recorded a significant increase in the currency in circulation compared to the previous financial year. The value of currency in circulation increased from N$4.87 billion in 2022 to N$5.24 billion in 2023, equating toContinue Reading
Despite a decline in beer sales by 13,7% due to challenging economic conditions, NBL’s net revenue increased by 15% to N$2,1 billion. This because of the successful integration of the Distell portfolio, which performed well year-on-year and a price increase to cover inflation. This is contained in the brewer’s summarizedContinue Reading
In response to an overwhelming demand and feedback from the local business community, in specific SME’s, the Business and Intellectual Property Authority (BIPA) is pleased to announce the extension of its Annual Duty Penalty Waiver Programme for an additional three months, until 30 June 2024. Originally launched on 15 NovemberContinue Reading
By Adéle Prinsloo Life is a journey filled with unexpected turns. While we plan for the future, significant changes in our circumstances can occur – marriage, children, career advancements, or even health concerns. These milestones can leave our long-term insurance plans misaligned with our current needs. This is why weContinue Reading
Communications Regulatory Authority of Namibia (CRAN) has appointed Information Security Specialist Cornelia Shipindo as its new Cybersecurity Manager. Shipindo recently was an Information Security Specialist at Capricorn Group, where she was instrumental in governance and management of IT, incident management, data protection, and ensuring the security of information systems operations.Continue Reading
ASX-listed OAR Resources has signed a binding agreement with Bullrun Capital, Cityscape Asset and Impala Consulting to acquire a 100% interest in two exploration prospecting licences (EPLs) in the renowned Erongo region of Namibia, known for its significant active uranium deposits. The EPLs are currently in the application phase andContinue Reading
Standard Bank Namibia has announced the appointment of Retuura Ballotti as Head of People and Culture, effective 01 April 2024. She is a proud Namibian, wife, mother of two, and a seasoned Organisational Psychologist. She earned her undergraduate degree from Rhodes University and furthered her education with Honours and Master’sContinue Reading
FlyNamibia, the nation’s first privately-owned scheduled passenger airline, has announced the successful renewal of its Air Service Licence by the Transport Commission of Namibia (TCN). “We would like to express our deepest gratitude to the TCN and everyone involved in ensuring a smooth and efficient process. This renewal marks aContinue Reading
MTC Namibia has managed to register 1,613,893 Subscriber Identification Module (SIM), whilst unregistered customers are now standing at 323,236 the Telco said. This represents an 83.3% registration rate. As prescribed by the CRAN in terms of Part 6 of the Communications Act, 2009 the mandatory Subscriber Identification Module (SIM) registrationContinue Reading
The Ohlthaver & List (O&L) Group has announced the forthcoming resignation of its Chief Executive Officer (CEO), Wessie van der Westhuizen, and Chief Culture Officer (CCO), Sonja Thieme, effective 30 April 2024. In an internal communication shared by Sven Thieme, the Executive Chairman of the O&L Group, it was disclosedContinue Reading
