The Old Mutual Foundation has launched its third edition of the highly anticipated Old Mutual Sustainable, Economic, and Empowerment Drive (OM SEED) today with a total investment of N$800 000 in support of grassroots entrepreneurs in Ohangwena, Zambezi, Oshikoto, and Kavango West Regions. Following the remarkable impact achieved in theContinue Reading
Pan-African legal and business advisory group CLG – formerly Centurion Law Group – has appointed Namibian lawyer Rachel Mushabati as Senior Associate, as the firm solidifies its commitment to tackling complex legal issues across Africa’s oil and gas sector. Committed to supporting clients in developing Africa’s energy resources, the appointmentContinue Reading
By Joel Shikoyeni As Namibia joins the Fourth Industrial Revolution (4IR), the Information and Communication Technology (ICT) industry starts to have a significant impact on the country’s economy, promoting equality of opportunity, industrial development, economic growth, and poverty eradication. The Namibian government has put laws in place to encourage theContinue Reading
By Bloomberg Exxon Mobil Corp. and Shell Plc are among energy giants evaluating bids for a stake in Galp Energia SGPS SA’s major oil field offshore Namibia, according to people familiar with the matter. TotalEnergies SE and Equinor ASA are also among those considering acquiring the 40% stake Galp isContinue Reading
Mines and Energy Minister, Tom Alweendo as well as the National Petroleum Corporation of Namibia (NAMCOR) both won awards at the 28th edition of the Big Five Board Awards 2024 of the Africa Energies Summit. These are the longest running African-focused energy awards, and this year’s Big Five finalists wereContinue Reading
Namibia Wildlife Resorts (NWR) has announced a historic N$46 million profit and a clean audit report for two consecutive years, a testament to its unwavering commitment to effective governance and statutory compliance. In a highly competitive environment, the company produced solid financial performance in 2023. Revenue increased by 32%, fromContinue Reading
This week, Bank Windhoek’s Head of Small and Medium-sized Enterprises (SME), Financial and Data Analytics, Bianca Janse Van Vuuren, announced that the Bank has fully utilised the N$ 200 million allocated under the Small and Medium-sized Enterprises (SME) Economic Recovery Loan Scheme, of this amount N$ 192 million is alreadyContinue Reading
The West African Energy Summit has announced that Maggy Shino, Petroleum Commissioner of Namibia, will be presenting never-before-seen insights on the Luderitz Basin at this year’s inaugural event. The session will be hosted by the Petroleum Commission of Namibia and their leadership including Ms. Maggy Shino. The Petroleum Commissioners presentationContinue Reading
In April 2024, light commercial vehicles (LCVs) dominated with 433 units sold, indicating robust business and trade activities while passenger vehicles follow closely with 411 units, a report released by Simonis Storm reveals. In this same month, vehicle sales in Namibia fell to 899 units, down from 1,451 units inContinue Reading
Paratus Namibia Holdings Limited (PNH), a leading telecommunications company in Namibia, has successfully raised over N$600-million through its recent Rights Issue and investment drive, which was fully subscribed. This significant capital infusion has effectively doubled the company’s market capital on the Namibia Stock Exchange News (NSX). The raised capital hasContinue Reading
