Lara Burger, country manager of TransUnion Namibia has said that the global information and insights provider is seeing a persistently high number of digital fraud attempts, with the total volume of suspected digital fraud attempts originating from Namibia increasing most notably in the gaming sector, where the rate of attemptsContinue Reading
Research firm, Simonis Storm has released a report which shows that despite rising interest rates, both household and corporate credit is rising. Household credit grew by 5.4% y/y in March 2023, compared to 5.0% y/y in February 2023. This was the fastest pace in household credit growth since May 2020.Continue Reading
Governor of the Bank of Namibia (BoN) Johannes !Gawaxab has highlighted the country’s need to build competent and accountable institutions in order to ensure a level playing field for all actors operating in the oil industry. He said the integrity of government institutions is vital to ensure the country maximisesContinue Reading
Trigon Metals has announced results from the drilling of new mineralization targets at its Kombat Mine in Namibia with key highlights from the drilling campaign showing new underground ore. The reported results are from the Kavango West area, 150 metres west of the Main Kavango Pit, discussed in recent pressContinue Reading
FirstRand Namibia has announced Lizette Smit as the new Chief Financial Officer for the FirstRand Namibia Group from 1 May 2023. Lizette, is a seasoned Chartered Accountant, who joined the group in 2020 as a Senior Finance Manager with previous listed company experience. FirstRand Namibia CEO, Conrad Dempsey commented, “IContinue Reading
Impact Oil & Gas, a privately-owned exploration company, has announced the completion of a US$95-million (about N$1.7 billion) open offer, raising capital exclusively from its existing shareholders. The capital will be used to further appraise TotalEnergies’ Venus-1 discovery located in Block 2913B in the Orange Basin, as well as fundContinue Reading
Namibia-focused exploration company Arcadia Minerals has confirmed sulfide copper and gold mineralization at its Gamikaub prospect in Namibia, following the positive evaluation of initial reconnaissance drilling. The company has received assays from its recent reconnaissance drilling campaign, where 10 holes were drilled targeting the calcium silicate and marble units previouslyContinue Reading
In collaboration with the Capricorn Foundation, Bank Windhoek recently hosted a two-day Grade 4 Mathematics Teachers Initiative in Windhoek. Supported by the Ministry of Education, Arts and Culture, the workshop aimed to invest in the education of Namibian youth. The event started with a welcoming remark by Bank Windhoek’s HeadContinue Reading
Old Mutual Namibia, a leading financial services provider, through its Foundation has announced its commitment to further support community crime prevention initiatives through an additional investment in the Neighbourhood Watch (NHW) programme. Old Mutual’s commitment to community crime prevention initiatives started in 2015 through a partnership with the City PoliceContinue Reading
..as mining sector employees increase to over 16000 Government earned approximately N$2.6 billion from employees from mining companies in 2022 through PAYE, outgoing President of the Chamber of Mines of Namibia, Hilifa Mbako revealed in an industry address last week. The majority of individuals employed by the mining sector areContinue Reading
