MARKETS (Page 97)

Standard BanK Namibia has announced the appointment of Kerikora Kavari, as Manager – Investment Banking (Corporate Financing Solutions) effective 16 January 2024. Kerikora joined Standard Bank Namibia in December 2018 as a Graduate Trainee in Corporate & Investment Banking. He holds a Bachelor’s Degree in Metallurgical Engineering from the NamibiaContinue Reading

Engen has instituted legal proceedings against the Ministry of Works and Transport in pursuit of at least N$23 million it claims it is owed for fuel and related supplies to now defunct Air Namibia. Engen is an African-based energy group focused on the marketing of petroleum, lubricants and functional fluids,Continue Reading

Following an intensive 24-months of facilitation, training, peer-to-peer learning, and diverse events, the European Union-funded Twinning Project titled “Support to the Namibian Standards Institution” successfully concludes on 31 January 2024, marking a significant milestone in boosting Namibia’s trade capabilities. This was revealed at the closing event, hosted at Droombos toContinue Reading

RMB Namibia has been announced as Best Foreign Exchange Bank in the country for the 24th annual Global Finance’s World’s Best Foreign Exchange Banks as part of the Gordon Platt Foreign Exchange Awards. This award celebrates excellence and innovation in foreign exchange banking services. This latest accolade is again aContinue Reading

A total of N$171 million (About $9 million) has been budgeted for exploration at B2Gold’s Otjikoto mine in 2024, the largest program since the definition of the Wolfshag discovery in 2012. This was said this week by B2Gold which further highlighted that the focus of the exploration program will beContinue Reading

Rössing Uranium and the Mineworkers Union of Namibia (MUN) Rössing Branch Executive Committee (BEC) concluded negotiations for salary increments for the year 2024, 2025 and 2026. The three-year wage agreement was signed on 18 January 2024, for the Bargaining Unit employees being Grade 1 to 11 and L Band. TheContinue Reading

Graham Chamberlain, New Business Director at Murray & Roberts Cementation says mining sector progress in Namibia and Botswana is encouraging while the company with over a century of experience is considering opportunities in Zambia. In compliance with many African countries’ localisation regulations, Murray & Roberts Cementation has registered companies inContinue Reading

Namibia’s strides in the electric vehicle (EV) sector, while aligned with its green hydrogen initiatives, face substantial challenges, particularly in infrastructure development and cost, research experts Simonis Storm say. The firm highlights that the introduction of the high-end GWM ORA 03 300 Super Luxury by Pupkewitz GWM showcases innovation inContinue Reading

During the entirety of 2023, the automotive market in Namibia witnessed a significant uptrend in new vehicle sales, a report released by Simonis Storm last week highlights. The year concluded with a total of 12,780 new units being sold, marking an increase of 17.0% y/y from the 10,923 units soldContinue Reading