Letshego Holdings Namibia has said that it sponsored the Swakopmund International Trade Expo (SWAITEX) with a contribution of N$100,000, supporting the theme “Promoting Efficient Connectivity and Resource Beneficiation for Sustainable Growth in Africa.” In a statement, the company said “As an organisation dedicated to improving the livelihoods of Namibians, weContinue Reading
Bank of Namibia’s Governor, Johannes !Gawaxab has addressed the London Stock Exchange in London, highlighting that Namibia continues to offer stability and predictability in an uncertain global economic environment despite facing domestic challenges such as a disruptive drought. The Governor addressed bankers, analysts, and representatives of the London Stock ExchangeContinue Reading
More than 12 oil companies, including Exxon, Shell and Brazil’s national oil company, have expressed interest in buying a 40% stake in Galp Energia’s major oil discovery offshore Namibia, it has been reported. Galp’s Mopane discovery, which is estimated to hold at least 10-billion barrels of oil and gas equivalent,Continue Reading
Mobile Telecommunications Ltd, MTC has officially opened a new MTC dealer shop in the town of Otjinene. Previously, MTC used to serve its customers through Nampost which provided limited services. Such services included only the sale and replacement of sim cards. However, with the new dealer shop, customers will nowContinue Reading
In one of the largest deals this year, RMB Namibia acted as the trusted advisor for Entrepo Holdings (Pty) Ltd, a government employee lending institution and long-term insurer, and provided a N$900 million debt funding solution. Entrepo, having matured from a start-up to a highly successful business, required a scalableContinue Reading
Chevron Brands International LLC (Chevron), a subsidiary of Chevron Corporation, has entered into a long-term retail trademark licensing agreement with Bachmus Oil and Fuel Supplies (PTY) LTD (Bachmus), marking a return of the Caltex® brand to fuels retailing in Namibia. Chevron has appointed Bachmus as Chevron’s licensee of the CaltexContinue Reading
The Africa Hospitality Investment Forum (AHIF) Conference took place in Windhoek, Namibia, from 25-27 June. Stakeholders in the hospitality and tourism industry, including investors and industry executives, came together under the theme “Inspiring Growth, Powering Investment.” The main topics discussed were about the potential for future developments and investment inContinue Reading
Capricorn Private Wealth (CPW) has announced its sponsorship of N$200,000 towards the 43rd Annual Medical Congress facilitated by the Medical Association of Namibia (MAN). The event will take place at the University of Namibia Hage Geingob Campus from Friday, 12 July to Saturday, 13 July 2024, in Windhoek. Delegates, exhibitors,Continue Reading
Chevron, the U.S. oil major has activated its plan to drill its maiden well in Namibia’s prolific Orange basin after signing a contract with rig owner, Northern Ocean to mobilise one if its semi-submersibles to Namibia late this year for a one-well exploration campaign, Business Express understands Chevron is operatorContinue Reading
PSW Technology is following key customers including Odfjell Drilling and Northern Ocean internationally and has established a strategically important subsidiary in Namibia. Recent deepwater oil discoveries off the Namibian coast, coupled with ambitious drilling plans from international operators, are positioning Namibia as an exploration hotspot. PSW Technology`s establishment is drivenContinue Reading
