MARKETS (Page 3)

The Namibian financial sector demonstrated notable resilience in 2024, with retirement funds and long-term insurers emerging as pivotal players in sustaining fiscal stability. According to the April 2025 Financial Stability Report (FSR) jointly released by the Bank of Namibia (BoN) and the Namibia Financial Institutions Supervisory Authority (NAMFISA), these non-bankingContinue Reading

BW Energy has unveiled plans to drill a new gas well at its Petroleum Production License 003 (PPL 003) offshore Namibia between September and October 2025, marking a pivotal step in advancing the long-awaited Kudu gas project. The announcement, made by Manfriedt Muundjua, Deputy General Manager of BW Kudu, duringContinue Reading

Namibia’s petroleum sector is poised for a historic leap as TotalEnergies edges closer to finalizing plans for its ambitious Venus offshore oil project, with top officials expressing unwavering confidence in a 2026 green light. Despite formidable technical hurdles in one of the world’s deepest offshore developments, Namibia’s Petroleum Commissioner MaggyContinue Reading

By Hanli Jacobs In today’s dynamic financial landscape, businesses must take a proactive approach to managing cash flow. While keeping excess funds in bank accounts may seem convenient, it often results in minimal returns and underutilises valuable capital. Forward-thinking companies empowered by these solutions use money market investments to improveContinue Reading

The University of Namibia (UNAM) medical school graduates celebrated a dual boost of professional readiness and financial empowerment this week, thanks to a collaboration with PSG Wealth Namibia. During an event at the Professor Amaambo Auditorium last week, the soon-to-be doctors received sponsored medical scrubs and critical financial literacy trainingContinue Reading

Namibia’s Orange Basin has the potential to match Brazil’s Campos Basin in both production and revenue generation, due to its geological similarities, according to Marcio Mello, Founder of Namibia Energy Corporation. Speaking at the Namibia International Energy Conference on Thursday, Mello highlighted the potential of the Orange Basin to replicateContinue Reading

…discovery flows 11,000 barrels per day of light oil Rhino Resources has revealed test results from its Capricornus-1X discovery well offshore Namibia, with the probe flowing at least 11,000 barrels per day of light oil, with limited associated gas, from a Lower Cretaceous pay zone. It was reported last weekContinue Reading

Bank Windhoek’s Managing Director, Baronice Hans, said that the Bank remains firmly committed to promoting sustainable solutions in all its financing and investment decisions around the oil and gas value chain. She delivered the remarks when industry leaders gathered this week in Windhoek for the 7th Namibia International Energy Conference,Continue Reading

By Karischa Schmidt The past 5 years can attest to witnessing a global shift towards sustainable finance has fundamentally changed how financial institutions approach governance. The growing emphasis on Environmental, Social, and Governance (ESG) principles has evolved from a trendy concept to a vital framework for managing risks and upholdingContinue Reading

Chevron is considering drilling an exploration well in the Walvis Basin off the coast of Namibia in 2026 or 2027, the U.S. oil major said. Chevron Namibia Exploration Limited said it is maturing its prospect portfolio offshore Namibia, a southern African country that has become a global exploration hotspot. TheContinue Reading