The Namibia Investment Promotion and Development Board (NIPDB) and the World Bank Group have successfully concluded the Chelete Cage pitch event, providing a crucial platform for innovative startups and micro, small, and medium enterprises (MSMEs) to raise funds and meet their capital needs. The initiative, held recently in Windhoek, marksContinue Reading
By Kehad Snydewel ICT Deputy Minister, Hon. Emma Theofelus, recently stated that Namibia will become a ‘world-preferred destination’ for the offshoring of ICT services. This of course immediately piqued our interest as one of Namibia’s largest ICT-services providers. The deputy minister continued to explain that they will achieve this statusContinue Reading
By Sanja van den Berg When it comes to financial planning and management, artificial intelligence (AI) is rapidly becoming one of the most important tools at our disposal. In a world where market conditions can change rapidly and unexpectedly, being able to rely on AI to help us make informedContinue Reading
QatarEnergy has signed a Memorandum of Understanding (MoU) with the Ministry of Mines and Energy of the Republic of Namibia to strengthen cooperation in the energy sector. The agreement was signed by Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, and TomContinue Reading
It is becoming increasingly difficult for Agribank to source affordable capital and on-lend to the agriculture sector at affordable rates, the Bank has said in its latest quarterly economic outlook report. The Bank further noted that this prompts the need for the Bank to continuously engage stakeholders and shareholders forContinue Reading
This week, the Bank of Namibia’s (BoN) Monetary Policy Committee (MPC) will announce changes to the repo rate with wide expectations that the rate will continue scaling up. Research experts, Simonis Storm have predicted that in the next eight weeks, the central bank will hike the rate twice with 25bpsContinue Reading
Vehicle sales in March 2023 recorded the highest number of units sold since July 2017, Simonis Storm has revealed in its monthly vehicle sales report. In July 2017, 1,280 units were sold, compared to 1,226 units in March 2023. Vehicle sales were primarily driven by the usual, with passenger andContinue Reading
Bread and cereals prices increased by 20.8 percent during March 2023 compared to 4.2 percent recorded same period of the previous year, the Namibia Statistics Agency (NSA) said last week. The growth in the annual inflation rate for this sub-category resulted mainly from increases in the price levels of Maize,Continue Reading
Lionel Coetzee, Namdeb’s Head of Strategic Projects has confirmed that as part of the carbon neutrality journey, Namdeb commenced with early investigations into a potential wind energy facility in 2020 which resulted in the successful installation of wind measurement masts to ascertain potential. Subsequently, the outcomes of this work ledContinue Reading
…public enterprise takes national tally to 15 fuel stations The National Petroleum Corporation of Namibia – NAMCOR, has announced the opening of its two latest service stations that will serve the community of Rundu with its fuel and lubricant needs. Given Rundu’s population of roughly 63 400 residents, the twoContinue Reading
