The Global Credit Rating (GCR) agency recently affirmed Bank Windhoek’s Namibian long and short-term national scale issuer ratings AA(NA)/ A1+(NA), respectively. At the same time, the South African long-term issuer rating has been affirmed at A(ZA). The affirmation means that the rating outlooks remain stable. The international scales and definitionsContinue Reading
Sintana Energy Inc CEO Robert Bose was recently interviews about the company’s upcoming high-impact drilling campaigns. Bose highlighted that operator Galp will kick off a four-well program targeting the Mopane complex, following earlier discoveries. The campaign, which will involve both exploration and appraisal drilling, is scheduled to begin in November.Continue Reading
Total debt stock among households increased by N$125.94 million month-on-month and by N$1.3 billion year-on-year in August 2024, although overall growth remains subdued, a report by Simonis Storm reveals The research experts further note in the report that mortgage loans declined by 1.1% y/y, reversing the 3.1% y/y growth observedContinue Reading
MTC Maris is a mobile phone-based money transfer and payments service of Windhoek General Administrator (WGA), a subsidiary of Mobile Telecommunications Company (MTC), the largest network operator and digital service solutions provider network operator in Namibia. MTC Maris, (move with your money) allows users to deposit, withdraw, transfer money, payContinue Reading
The Namibia Youth Energy Forum (NYEF) has announced a new partnership with Dutch Project Quality Consulting Services (DPQ) to sponsor the establishment of operations and projects in Lüderitz. This collaboration aims to empower, educate, and upskill young people in Lüderitz, enabling them to actively participate in shaping Namibia’s energy landscape,Continue Reading
Sinomine Resource Group has announced the appointment of Logan Lou Yonggang as Chief Executive Officer (CEO) of Sinomine Tsumeb Smelter. Zebra Kasete, former Managing Director will transition into a new role as Executive Vice President: Business Development of Sinomine Tsumeb Smelter. He will be accountable for client acquisition, developing strategicContinue Reading
A successful outcome from Reconnaissance Energy Africa Ltd’s drilling efforts at the Naingopo exploration well could be a significant catalyst for the stock, analysts reiterated after the company provided an update on its exploration activities in Namibia. ReconAfrica said on Thursday that the Naingopo exploration well on Petroleum Exploration LicenseContinue Reading
The Bank Windhoek Feedmaster National Youth Cattle Judging Competition was held at the Windhoek Agricultural and Industrial Show on Monday, 30 September 2024. Kevin Jakob, a learner from Otjiwarongo Secondary School, won the competition. Melanie van der Merwe from Gobabis Gymnasium Private School was awarded second place, and Gabriela RitzdorfContinue Reading
Gender-based violence (GBV) in Namibia remains a pervasive issue, and Namdeb is doing its part to address GBV in the Oranjemund community. Recently, Namdeb hosted a GBV Pathways to Care Workshop in Oranjemund, that brought together key stakeholders in the fight against GBV namely, the Ministry of Gender Equality, PovertyContinue Reading
Exxon Mobil has withdrawn from the bidding process to acquire a majority share in Galp Energia’s oil discovery in Namibia, reports Reuters. The Mopane field, which is estimated to hold at least 10 billion barrels of oil and gas equivalent (boe), has garnered interest from several leading energy companies. MoreContinue Reading
