Simonis Storm Securities has said that it expects to see inflation consistently coming in higher than 5% in coming months and therefore maintain their forecast of 7.1% for 2022. This is contrary to a forecast of 6% by both the Bank of Namibia and IMF. “Globally, services inflation is onContinue Reading
Market sources in Pretoria, Windhoek and Harare have reportedly revealed that Zimbabwean financial institutions, Stratus Capital Partners and Bard Santner Markets are in the process of brokering a massive N$1.8 billion deal involving the acquisition of an iconic property, The Grove Mall of Namibia, in Windhoek. The deal will seeContinue Reading
CRYPTOCURRENCY boss Coenie Botha and his cryptocurrency trading company, CBI Exchange Namibia (Pty) Ltd have lodged an urgent application with the high court in which they seek to compel the Bank of Namibia (BoN) to comply with a court order made on March 18. The order was subsequent to CBIContinue Reading
Sinikka Antila, EU Ambassador to Namibia officially handed over Information Technology (IT) Equipment valued at N$4.5 million to the Ministry of Agriculture, Water and Land Reform on Friday, 10 June 2022. The equipment is procured under the Livestock Support Programme in the Northern Communal Areas (LSP) of Namibia funded byContinue Reading
The Namibian banking industry plays a critical role in catalysing economic activity and ensures financial stability, especially in unprecedented and challenging times. Bank Windhoek’s Managing Director, Baronice Hans, said this when she took over the Chairpersonship of the Bankers Association of Namibia (BAN) on Friday, 10 June 2022, in Windhoek.Continue Reading
Scot Evans, CEO of Canadian oil and gas exploration company, ReconAfrica, will attend African Energy Week, Africa’s premier event for the oil and gas sector which takes place from 18 – 21 October 2022 in Cape Town, to share energy market insights as well an update on on-going exploration initiativesContinue Reading
Through its Domestic Investment Portfolio, Old Mutual’s Alternative Investment function has committed itself to address the critical development challenges faced throughout the country. Domestic investments can ensure that Namibian savings are effectively utilised to stimulate development by making a meaningful contribution to the economy, and the developmental needs of communitiesContinue Reading
The Namibian Competition Commission hosted a stakeholders conference at the Safari Court Hotel & Conference Centre last week pursuant and in terms of section 46 of the Competition Act 2 of 2003, seeking participation from stakeholders on the proposed transaction under review by the Commission involving Heineken International B.V (“Heineken”)Continue Reading
The SACU Secretariat attended the 2nd coordination meeting of the heads of Regional Economic Communities (RECs) on the implementation of the African Continental Free Trade Area (AfCFTA) that was held on 4-7 June 2022, in Arusha, Tanzania. The Meeting deliberated on actionable strategies aimed at enhancing the effective implementation ofContinue Reading
Global supply chain disruptions could keep local inflation rising and a decline is SACU revenues which government relies on, Simonis Storm Securities has said. In a report, Theo Klein, an economist at Simonis Storm stated that in addition to supply chain disruptions from the war in Ukraine, lockdowns in certainContinue Reading
