Namibia has banned the export of unprocessed lithium and other critical minerals, the government announced on Thursday, as it seeks to profit from growing global demand for metals used in clean energy technologies. The southern African country has significant deposits of lithium, which is vital for renewable energy storage, asContinue Reading
Capricorn Private Wealth (CPW) achieved a milestone at the eleventh edition of the Global Brand Awards, securing the Best Private Banking Brand accolade in Namibia for 2023. The Global Brand Awards, hosted by Global Brands Magazine (GBM), a renowned international publication headquartered in the UK, is an annual event thatContinue Reading
By Laurencia Prinzonsky We all strive to give our children the best we can, and building generational wealth is one way to help them on their journey to financial wellbeing. Generational wealth means making smart choices with our money in a way that gives the next generation a stronger financialContinue Reading
Proposals from social entrepreneurs poured in for the second phase of the Capricorn Foundation Food Waste Challenge, which concluded on 22 May 2023, with a total of 152 submissions made on the open innovation platform. The proposals were evaluated on pre-defined criteria through expert panels and five finalists were selectedContinue Reading
By Tumelo Thudinyane and Daniella Ferreira The upcoming Bank of Namibia Monetary Policy Committee announcement scheduled for 14 June 2023 will be very significant as it will provide insights into the direction of the country’s monetary policy. The Bank of Namibia’s tone at its previous interest rate announcement was largelyContinue Reading
Rossing Uranium’s spend on local suppliers amounted to N$2.54 billion during 2022, (compared to N$2.25 billion in 2021), accounting for 74% of our total procurement expenditure, its Managing Director, Johan Coetzee has said. “As a major employer and purchaser of goods and services, we make a significant annual contribution toContinue Reading
Namibia is the best jurisdiction in Africa in which to mine, Andrada Mining CEO Anthony Viljoen told the Junior Indaba on Tuesday. The London Aim-listed tin, tantalum and now lithium mining company recalled how it had looked across African jurisdictions when initially pursuing tin-mining opportunities and had found Namibia toContinue Reading
Despite various contradictory media report, the National Petroleum Corporation of Namibia (NAMCOR) has said that all the parties are fully committed and working together to bring this important transaction to its logical close, which is expected to be in 2023. “NAMCOR acknowledges the ongoing interest and understands the importance ofContinue Reading
Environmental, social and governance (ESG) issues are becoming an increasingly important corporate priority globally, and Namibia is no exception. This was the central message on Tuesday this week when players from various corporate sectors of the Namibian economy gathered at the Hilton Hotel in Windhoek for an Investor Relations workshopContinue Reading
Finbond Group Limited will acquire 49% ownership in Trustco Finance (Pty) Ltd in a deal in which the purchase consideration payable by Finbond will be N$60 million. This is as a result of Trustco having undertaken a strategic decision to divest a portion of its investment in its banking andContinue Reading
