Fitch Ratings on Friday affirmed Development Bank of Namibia Limited’s (DBN) Long-Term Issuer Default Ratings (IDR) at ‘BB-‘ and its National Long-Term Rating at ‘AA+(zaf)’. The outlooks are stable. “DBNs ‘BB-‘ Long-Term IDRs are driven by potential support from the Namibian authorities, as expressed by its Government Support Rating (GSR)Continue Reading
The Port of Walvis Bay has welcomed the Norwegian Dawn cruise passenger liner which arrived at 8:00 a.m. on March 22, 2024, and will remain alongside until March 23, 2024. The Norwegian Dawn provides an exceptional 21-day journey from Cape Town, South Africa to Barcelona, Spain. Boasting remarkable amenities suchContinue Reading
German Federal Minister of Economics Robert Habeck and Namibia’s Energy Minister Tom Alweendo have agreed to deepen the two countries’ existing hydrogen partnership. According to the German Federal Ministry for Economic Affairs and Climate Protection (BMWK), the ministers signed an agreement to support the Green Hydrogen Namibia Program, the newContinue Reading
Following a review of the Blyvoor project in Gauteng, South Africa, and given the new direction of Aim-listed Katoro Gold and the need to focus on a clear pathway to high-value business activities, the company has decided to cease any further investment in this project with immediate effect. Katoro hadContinue Reading
Andrada Mining Limited, the African technology metals mining company with a portfolio of mining and exploration assets in Namibia has announced that today its subsidiary Uis Tin Mining Company (Pty) Ltd, has entered into a conditional, credit-approved N$175 million funding agreement with Bank Windhoek Limited. The funding constitutes a N$100Continue Reading
The Capricorn Foundation and Wolwedans Foundation officially launched a unique partnership in Maltahöhe. The Capricorn Foundation has pledged N$1 million towards the Wolwedans Foundation’s flagship initiative, RuralRevive: Building a Desert-based Economy, showcasing its dedication to economic advancement, sustainable development and the empowerment of the Maltahöhe community. Capricorn Foundation’s generous contributionContinue Reading
Tom Alweendo, Namibia’s Minister of Mines and Energy, will speak at the 2024 edition of the African Energy Week (AEW): Invest in African Energy conference – taking place November 4-8 in Cape Town. Alweendo’s return to the event underscores his commitment to increasing investment across the Namibian energy value chainContinue Reading
The annual Bank Windhoek Central Estate Agents Awards ceremony took place in Windhoek on Friday, 15 March 2024. The event was hosted to award real estate agents for their dedication to the development of the property market in Namibia. Awarded as the top three central agencies were Aqua Real EstateContinue Reading
Haitham Al Ghais, Secretary General of the Organization of Petroleum Exporting Countries (OPEC), will deliver an address at the Namibian International Energy Conference (NIEC) in Windhoek this April, sharing insight into global oil trends. The Secretary-General will be joined by a delegation from the organization, who will lead technical discussionsContinue Reading
Namibia’s Pupkewitz Megatech has been granted a coveted distribution license for JinkoSolar into some of the SADC countries, including South Africa. Jinko is one of the largest manufacturers of solar panels in the world and this license makes Pupkewitz one of only five Jinko distributors for South Africa. in theContinue Reading
