Nedbank Group delivered a strong financial performance for the 12 months to 31 December 2023 compared with the 12-month prior period as headline earnings (HE) increased 11% to R15,7billion. In a difficult economic environment, this growth in HE was enabled by a strong operational performance as preprovisioning operating profit increasedContinue Reading
Shell has spudded what is set to be the final exploration probe of a high-profile drilling campaign offshore Namibia, fresh from completing multiple flow tests on a critical appraisal well on its large Jonker oil discovery in the country’s prolific Orange basin. The supermajor is coming towards the end ofContinue Reading
by Victor Ashikoto With the introduction of the Avo SuperShop product, Nedbank Namibia is making significant strides in its digitalisation efforts. This offering empowers our clients to easily buy essential products and services online, aligning seamlessly with our strategic vision to establish ourselves as a prominent player in Namibia’s fintech,Continue Reading
By Lydia Sageus The University of Namibia and its philanthropic partner, the University of Namibia Foundation have recently signed a pioneering Memorandum of Agreement to usher in a new era of educational development. This collaborative effort, backed by a substantial seed funding of nearly N$15 million signifies a shared commitmentContinue Reading
The Port of Walvis Bay has recorded an increase of about 22% in vessel visits since the start of the Suez Crisis when air- and seaborne Houthi militia from Yemen attacked and hijacked an autoliner, the Galaxy Leader, near the Bab al-Mandab Strait between the Red Sea and the GulfContinue Reading
Leading African law firm, Bowmans, is expanding once again, this time into Namibia. The firm has announced that it will join forces with Koep & Partners (Koep) from 1 March 2024, to establish a presence in Namibia, which is on the cusp of significant growth. Koep is one of theContinue Reading
Trigon has decided to postpone the expansion of its processing plant capacity from 30ktpm to 60ktpm, originally planned for 2024, to 2025. This delay allows the underground operations to establish a performance track record and be ramped up to a steady state of 30ktpm, ensuring a prudent and informed expansionContinue Reading
The need for economic stimulation and the importance of creating enabling platforms for business exhibitions has seen Mobile Telecommunications Ltd (MTC) extends its Corporate Social Responsibility hand to the region of ||Karas by committing an amount of N$115 000 towards the successful hosting of the popular Luderitz Cray Fish Festival.Continue Reading
Dr. Klaus Endresen, Chairman of the Namibia Petroleum Operators Association, spoke with Energy Capital & Power about interfacing between industry, government and the public following Namibia’s offshore discoveries. How does NAMPOA facilitate collaboration among its members, as well as between the public and private sector? It’s quite clear that knowledgeContinue Reading
By Ruusa Nandago The Minister of Finance and Public Enterprises, Iipumbu Shiimi, tabled the FY24/25 national budget to parliament on 28 February 2024 ahead of a key election year, amid an ongoing drought, sluggish non-mining growth and a less supportive global backdrop. The budget is underpinned by three priority policyContinue Reading
