By Zenaune Kamberipa. In late February 2023, the Institute of Chartered Accountants in Namibia (ICAN) released the Assessment of Professional Competence (APC) results, which means that the successful candidates have qualified as Chartered Accountants (CAs) or will do so pending the completion of the final year of their training contracts.Continue Reading
…Fund ups number of students to receive aid to 22 178 Namibia Student Financial Assistance Fund (NSFAF) has said that from the 30 124 applications from prospective beneficiaries received, 22 178 or 74% applicants are eligible for funding. The Fund Acting Chief Executive Officer (CEO), Kennedy Kandume said that thisContinue Reading
Haib Minerals, the fully-owned Namibian subsidiary of copper explorer and developer Deep-South Resources, held a “very constructive” meeting with Namibia Mines Minister Tom Alweendo, Mines Ministry mining commissioner Isabella Kandjii-Chirchir and Mines Ministry deputy executive director Erasmus Shivolo on April 13. Deep-South Resources has been in a legal battle withContinue Reading
NamPower has signed Power Purchase (PPA) and Transmission Connection (TCA) agreements with CERIM Lüderitz Energy (PTY) LTD for the development of the 50MW Lüderitz Wind Power Plant on a Build-Own-Operate Basis, and the associated transmission connection infrastructures required to connect the power plant to the Namibia Grid. The power plantContinue Reading
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
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
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
…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
Deep Yellow Limited has announced the start of extensive resource drilling programs at its Tumas uranium project in Namibia with the expectation from this drill program being to increase the resource base and grow the Tumas 3 project Life of Mine from the current 22.5 years to greater than 30Continue Reading
