Trustco Group Holdings Ltd, the parent company of Trustco Bank Namibia Limited (Trustco Bank), has announced its decision to exit its investment in its commercial banking portfolio, which accounts for less than 1% of its total investments. Trustco Bank Namibia Limited (“Trustco Bank”) has resolved to return its banking licenseContinue Reading
In response to the recent decrease in prime lending rates, Letshego Bank Namibia and Letshego Micro Financial Services Namibia, subsidiaries of Letshego Holdings Namibia, have announced a reduction in their lending rates. The new rates will take effect from 22 August 2024. Letshego Bank Letshego Micro Financial Services NamibiaContinue Reading
In a significant step towards enhancing Namibia’s access to climate finance, the Environmental Investment Fund of Namibia (EIF) and the Development Bank of Namibia (DBN) have signed a Memorandum of Understanding (MoU) to collaborate on the implementation of the “Accreditation of Direct Access Entities in Namibia (NAM-RS-006)” project. The MoUContinue Reading
The National Housing Enterprise (NHE) has cleared the backlog on audited financial statements dating as far back as 2017. The milestone was announced recently by the Chief Executive Officer, Gisbertus Mukulu, following the approval of the 2022 – 2023 audited financials, rendering the Enterprise’s financial books up to date inContinue Reading
Telecom Namibia is significantly expanding its network infrastructure by deploying 77 new mobile base stations nationwide in the 2023/2024 FY. This ambitious project aims to enhance network coverage, capacity, and speed, benefiting both urban and rural customers. As part of this initiative, Telecom Namibia successfully launched pilot sites in CimbebasiaContinue Reading
Namibia Breweries Limited (NBL) has unveiled its N$337-million wine packaging line, a significant milestone in the company’s ongoing commitment to innovation and growth. The new facility was officially inaugurated by President Dr Nangolo Mbumba at NBL Head Office in Windhoek today. In a strategic move to expand production capacity andContinue Reading
By Roger Gertze From the gold medals, funny memes and dedicated SuperSport channels, everyone can agree that the Paris Olympics 2024 was a celebration of the sporting and human spirit. But beyond the record-breaking performance, the Olympics served as a powerful reminder of the profound lessons embedded in the pursuitContinue Reading
Letshego Holdings Namibia and Financial Literacy Initiative (FLI) are set to make a significant impact at the 2024 Ongwediva Annual Trade Fair (OATF) by offering free financial literacy sessions to the public. From 24-29 August 2024, visitors to the Letshego stand will have an opportunity to learn practical money managementContinue Reading
LME A Grade copper cathode has been produced at Tschudi, Namibia, for the first time in four years, marking the beginning of Consolidated Copper Corp’s (CCC) plan to rejuvenate the nation’s copper industry. Constructed in 2015, Tschudi is host to Namibia’s only LME Grade refined copper processing facility. It producedContinue Reading
Namibia Dairies, a subsidiary of the Ohlthaver & List Group, has announced its very first export shipment to Zimbabwe, marking a significant milestone in the company’s history. The Rietfontein Long Life juices, launched recently under the umbrella of its flagship nectar range were dispatched in July, following nearly eight monthsContinue Reading
