The annual growth in household disposable income rose notably in 2022 compared to 2021 as a result of an increase in the compensation of employees, a joint report – the annual Namibia Financial Stability Report (FSR) – by the Bank of Namibia (BoN) and the Namibia Financial Institutions Supervisory AuthorityContinue Reading
The National Petroleum Corporation of Namibia (NAMCOR)’s Chief Geologist, Anthony Chatu, has invited new stakeholders to partner with Namibia in its exploration efforts highlighting that there are five exploratory licenses presently open. Chatu was speaking at a strategic workshop on Tuesday at the Namibia International Energy Conference (NIEC) 2023 inContinue Reading
Livestock marketing and exports has made a comeback in activity in March 2023, improving by 38% y/y across cattle, sheep and goats, the latest Agriculture sector report by research firm, Simonis Storm reveals. In the prior month, marketing activity grew by 19% y/y. On a monthly basis, livestock marketing increasedContinue Reading
The Namibia International Energy Conference (NIEC) 2023 – which took place under the theme, “Shaping the Future Towards Value Creation” – set forth Namibia’s roadmap towards a just and sustainable energy transition during a dynamic panel discussion on Thursday. Moderated by Sophi Masipa, Co-Founder of pan-African consultancy company, Mwungano ESG,Continue Reading
Old Mutual Namibia is revolutionizing the customer experience with the launch of two cutting-edge digital channels – the Old Mutual Mobile App and WhatsApp funeral claims functionality. These new platforms are set to offer customers unparalleled convenience, accessibility, and savings, all while prioritizing the safety and security of their personalContinue Reading
In light of the looming drought in Namibia resulting from the poor and delayed rainfall patterns, Agribank has reminded farmers of all kinds to take up its production loan facility. Agribank offers a production loan facility to farmers aimed at growing their agribusinesses to create wealth today, for prosperity tomorrow.Continue Reading
The National Petroleum Corporation of Namibia – NAMCOR has announced the opening of its first site in Gobabis, Omaheke Region tomorrow. This brings the total number of NAMCOR retail sites in the country to sixteen, to date. NAMCOR is present in ten of the major regions in Namibia. The siteContinue Reading
Government has formally invited international and regional oil and gas companies to submit applications for licenses for petroleum exploration. Speaking at the Namibia International Energy Conference (NIEC) 2023, Minister of Mines & Energy, Tom Alweendo highlighted that legislative frameworks and policies that govern the Namibian upstream oil and gas sectorsContinue Reading
Old Mutual’s rise in the 2023 Top 100 Brands rankings, has resulted in the brand securing not only the position of Strongest Insurance Brand in South Africa, but also Strongest Insurance Brand Globally with a Brand Strength Score of 89/100, up 3pts from 2022. Brand Finance is the world’s leadingContinue Reading
In 2022 Bank Windhoek financed 350 properties to the value of N$ 518 million, averaging a value of N$ 1.8 million per unit in the central region. These figures were shared by Bank Windhoek’s Head of Specialist Finance, Saara Shivute, when she delivered her keynote address at the Bank WindhoekContinue Reading
