Namibia and the EU have endorsed the roadmap for the EU–Namibia strategic partnership on sustainable raw materials value chains and renewable hydrogen, supported by €1 billion in investments by the EU, its Member States and European financial institutions. As part of this roadmap, the EU will also support an upcomingContinue Reading
The Development Bank of Namibia (DBN), Kongalend financial Services (Pty) Ltd and Bellatrix SME Finance (Pty) Ltd have all joined forces with the Namibia Special Risks Insurance Limited (NASRIA) on the Credit Guarantee Scheme (CGS). Launched in August 2020 by Minister of Finance and Public Enterprises, Ipumbu Shiimi, the CGSContinue Reading
The 2023 Old Mutual Foundation Indaba concluded last week and brought together youth, key partners, and the community as the beginning of a transformative journey aimed at empowering and uplifting Namibia’s youth. Mignon du Preez, Old Mutual Namibia Group Marketing, Public Affairs, and Sustainability Executive, spoke passionately about the event’sContinue Reading
Research experts, Simonis Storm have said that their expectation is for interest rates to persist at elevated levels, with any potential rate cuts not materializing until the second half of 2024. The firm was commenting on the Monetary Policy Committee (MPC) of Bank of Namibia announcement last week that theyContinue Reading
Mining and exploration firm Madison Metals executive chairperson and CEO Duane Parham has increased his investment in the company, acquiring a further 233 000 shares on the open market. Prior to the acquisition, Parnham held 1.89-million shares and he now holds 2.12-million shares, representing 10.6% of the company’s common sharesContinue Reading
Namibia Wildlife Resorts Limited (NWR) has announced a significant achievement just days before the end of its financial year on October 31, 2023. The company is debt-free, after having successfully settled all its outstanding long-term and statutory debts, some of which trace back to its foundation. These debts included financialContinue Reading
FNB Commercial Banking is pleased to announce a 1-year partnership agreement with the Harambe Entrepreneur Alliance, an alliance of African innovators known as Harambeans. This strategic partnership aims to unlock the entrepreneurial potential of Namibia and transform its entrepreneurial landscape. As part of this collaboration, FNB’s SME clients will gainContinue Reading
Yesterday, on the eve of the Global Gateway Forum, Commission President Ursula von der Leyen and President of Namibia Hage Geingob endorsed the roadmap for the EU–Namibia strategic partnership on sustainable raw materials value chains and renewable hydrogen, supported by €1 billion in investments by the EU, its Member StatesContinue Reading
Bank Windhoek’s Executive Officer of Retail Banking Services and Specialist Finance, James Chapman, said that the BRICS alliance nations have shown remarkable resilience in facing challenges, adapting and prospering in an ever-changing world. Similarly, he said, Bank Windhoek has weathered several economic storms in its more than 40-year history asContinue Reading
Namibia’s ambitions to become a manufacturing hub for battery metals key to the global transition to clean energy will require huge investments in infrastructure to support processing facilities, mining executives said on Wednesday. The southern African country has significant deposits of lithium, vital for renewable energy storage, as well asContinue Reading
