Eco (Atlantic) Oil & Gas Ltd chief executive Gil Holzman told investors the explorer has exciting opportunities for each of its assets, as the company reported on what it described as “period of dynamic activity”. The company, in an update for the three and nine months ending December 31, reportedContinue Reading
In January 2024, credit extended to corporates reached N$46,4 billion, an increase of 2.1% y/y as compared to 0.4% y/y growth reported in December 2023. According to the Bank of Namibia, the credit growth in corporate sector was primarily driven by increased demand from manufacturing, energy, and agriculture sectors. Conversely,Continue Reading
FNB Namibia’s Cashplus transaction value have surpassed the N$100 million threshold solidifying the community banking service as the preferred banking method for customers nationwide. CashPlus, a pioneer in the financial services sector makes it possible for Agents to provide financial services thereby enhancing financial inclusion and convenience for FNB customersContinue Reading
In the wake of the repeated calls for write-offs of loan repayments for small and medium enterprises issued with the purpose of enhancing Namibia’s development, economic activity and prosperity, Development bank of Namibia (DBN) Executive for Marketing and Corporate Communication, Jerome Mutumba, has amplified important aspects of mutual responsibility forContinue Reading
Capricorn Group achieved solid results with profit after tax for the six months ended 31 December 2023, increasing by 18.5% to N$827.6 million, compared to a profit after tax of N$698.2m that was reported in the comparative period in the prior year. This represents an increase of 19.4% in earningsContinue Reading
FNB Namibia has announced their sponsorship of World NGO Day 2024, in partnership with the Namibia Development Trust (NDT), recognising those who work for humanitarian causes. World NGO Day was celebrated on 27 and 28 February under the theme of Building a Sustainable Future: The Role of NGOs in AchievingContinue Reading
Namibia Wildlife Resorts (NWR) has announced the introduction of its Independene Special, which encourages Namibians to discover the beauty of their own country by offering large discounts on accommodation at all NWR locations. The programme responds to Namibians’ worries about the high expense of recreational travel within the country. WithContinue Reading
Namibia is gearing up to make its mark at the upcoming 7th Nigeria International Energy Summit (NIES) in Abuja, Nigeria until 1 March 2024. Led by the Minister of Mines and Energy, Honourable Tom Alweendo and supported by the Namibia Investment Promotion and Development Board (NIPDB), a business delegation withContinue Reading
By Johnny Truter International law states that any illegal act involving deception to obtain money from a financial institution or a bank’s depositors is categorised as bank fraud. Like other fraud offences, bank fraud involves using a trick to obtain money illegally. Nowadays, fraudsters are continuously coming up with differentContinue Reading
Your retirement can be an exciting and fulfilling time in your life. A time to do the things you always dreamed of doing. Things you did not have the time to do before. Like spending more time with family and friends, seeing the world, helping others, taking up a newContinue Reading
