Mobile Telecommunications Limited (MTC) has said that it is dedicated to expanding its Mobile Financial Services (MFS) offerings and has ambitious plans to launch MFS in the coming quarters. The Telco highlighted that it is doing this aiming to empower its customers with convenient and secure financial solutions. In itsContinue Reading
The Stimulus investments portfolio delivered dividend payments to its preference shareholders totalling N$84.5 million (2022: N$9.6 million) for the financial year ended 28 February 2023, which increased by 777% from 2022, the company’s financial results show. This, in combination with the latest portfolio valuations, represents a total return to preferenceContinue Reading
Shakwa Nyambe has been appointed to the Executive Committee of the Association of International Energy Negotiators (AIEN) Board of Directors as the Vice President for Communications Shakwa Nyambe, LL.M (UK), the Managing Partner of SNC Incorporated, Lawyers & Business Advisors, joins the Executive Committee of the Association of International EnergyContinue Reading
Namibia Airports Company (NAC) has successfully completed the table-top emergency drill at Andimba Toivo Ya Toivo Airport at Ondangwa. Andimba Toivo Ya Toivo Airport has an approved Aerodrome Emergency Management System (AEMS), developed in line within the requirements of Namibia Civil Aviation Regulations (NAMCARs). It contains the requirements related toContinue Reading
By Eddie King Debt restructuring and debt consolidation represent two vital financial strategies individuals and businesses can use to manage their outstanding liabilities proficiently. These methods often prove invaluable for those individuals or companies grappling with challenging loan repayments or those overwhelmed by numerous debts. A thorough understanding of theContinue Reading
The Ministry of Industrialisation and Trade (MIT) has informed the public that the application for, and issuance of Import, Export, Rebates, and Transit Permits is free of charge. The MIT through the IMEX Sub-Division is responsible for the monitoring and implementation of the compliance of the Import and Export ControlContinue Reading
The Board of the Development Bank of Namibia has announced the appointment of Dr. John Steytler as the incoming Chief Executive Officer (CEO) with effect from 1 September 2023, for a period of 5 years. John, a trained economist, emerged successful after a protracted independent recruitment process. Dr. John SteytlerContinue Reading
The National Petroleum Corporation of Namibia – NAMCOR has announced the appointment of Otto Nakasole Shikongo as a director of its Board of Directors, effective from 1 June. With his wealth of experience and exceptional leadership credentials, Mr. Shikongo brings invaluable expertise to further enhance NAMCOR’s strategic objectives, the companyContinue Reading
Namibia is considering taking minority stakes in mining and petroleum production companies amid increasing concerns over local ownership of valuable resources. “We are making a case that local ownership must start with the state, which holds ownership of our natural resources,” Mines and Energy Minister Tom Alweendo told lawmakers onContinue Reading
Uranium developer Paladin Energy halted share trading on Tuesday as the company’s share price tumbled on reports that the Namibian government is considering taking a minority stake in mining and petroleum producers. Bloomberg quoted Minister of Mines and Energy Tom Alweendo saying that “We are making a case that localContinue Reading
