Lycopodium Limited has been awarded a significant EPCM contract for the Twin Hills Gold Project in Namibia, valued at approximately A$40 million. This project, which is set to commence immediately with first gold production anticipated in Q1 2027, involves the development of a 5 Mtpa Carbon-in-Leach processing plant. The contractContinue Reading
GEOxyz has opened its first branch in Africa, located in Namibia, marking what the Belgium-headquartered survey company describes is a significant milestone in its international expansion strategy. According to GEOxyz, Namibia was chosen as the regional base due to its central location, strong business environment, and growing demand for surveyContinue Reading
Fitch Ratings has confirmed Namibia’s Long-Term Foreign Currency Issuer Default Rating (IDR) at ’BB-’ with a stable outlook on Friday, 23 May 2025. This rating is backed by Namibia’s solid governance indicators, institutional framework, and fiscal financing flexibility supported by the large non-banking financial sector (NBFS). However, these are balancedContinue Reading
By Claire Hobbs One of the key roles of a commercial bank is to manage liquidity and ensure access to funding to support financial stability and economic growth. Aligning funding costs with credit pricing, banks must respond to emerging trends, notably the global shift toward sustainable finance. As sustainability becomesContinue Reading
In May, Nedbank Namibia announced the allocation of over N$800,000 in bursaries for the year 2025, marking the largest investment in the bursary scheme since its inception in 2019. This significant contribution underscores the bank’s commitment to supporting education and empowering future leaders. The bursary program is designed to provideContinue Reading
In a significant step toward enhancing customer satisfaction and operational excellence, 47 independent installers contracted as Mobile Telecommunications Limited (MTC) Spectra Services installers have successfully completed a one-week comprehensive training program focused on connectivity installations, customer service, and professional efficiency. The training initiative is aimed at equipping field technicians withContinue Reading
Nedbank Namibia has announced its sponsorship of N$560 000 towards the Agra Agricultural Academy, a significant step towards enhancing skills development and training in various agricultural disciplines. The academy, managed by Agra ProVision, a subsidiary of Agra Limited, offers students the opportunity to pursue national certificates and diplomas in fields suchContinue Reading
Namibia stands on the cusp of an economic shift. With high youth unemployment and a pressing need to create inclusive, sustainable growth, the spotlight is now firmly on a sector long underestimated — Small and Medium Enterprises (SMEs). The recent inauguration of Her Excellency President Netumbo Nandi-Ndaitwah marked a decisiveContinue Reading
Namibia’s post-pandemic economic resurgence, fuelled by a record influx of foreign direct investment (FDI), is shadowed by a stark reality: the country is losing billions in repatriated profits as multinational firms channel earnings abroad. According to the 2025 Namibia Foreign Direct Investment Report, dividend and interest payments to foreign investorsContinue Reading
PPS Insurance Namibia, a leader in tailored financial solutions for graduate professionals, has reaffirmed its commitment to mutuality by allocating a staggering N$1.5 billion to its Namibian members over the past decade. The milestone underscores the company’s unique model, which prioritizes returning value directly to policyholders. In 2024 alone, PPSContinue Reading
