…as other key highlights include N$144.7 profit after tax up from N$13.3m Namib Desert Diamond (Pty) Ltd (NAMDIA) has released its audited Annual Report for the 2021/22 financial year subsequently declaring a dividend of N$150 million to its shareholder, the government. After two particularly challenging years shaped by the COVID-19Continue Reading
The Namibia Post and Telecom Holdings (NPTH) has turned to the High Court to recover over N$500 000 in rental fees which the Ministry of Works and Transport has allegedly failed to pay, Business Express has established. The court action was subsequent to demand letters seen by Business Express which areContinue Reading
Deputy Minister of Information and Communication Technology, Emma Theofelus has insisted on collaboration and participatory governance in the ICT sector highlighting that this will give stakeholders a competitive advantage. Speaking at hackathon and Telecom Namibia innovation week last week, Theofelus noted that there is no greater mistake than believing thatContinue Reading
With major oil and gas discoveries in early 2022, Namibia is the most recent trailblazer among Africa’s frontier energy hotspots, as displayed by the Invest in Namibia Country Spotlight organized at African Energy Week 2022 in Cape Town on Thursday. Hosted by Namibia’s Ministry of Mines and Energy, Namibia InvestmentContinue Reading
By Riaan Vermeulen If you are wondering “is travel insurance worth it? Weigh the small cost of buying insurance against the massive costs of unforeseen medical expenses or cancellation of flights while on holiday or on a business trip. Affordability is probably the number one reason people do not want or think toContinue Reading
The Namibian Stock Exchange (“NSX”) recently celebrated its 30th Anniversary highlighting major milestones over the years and future outlook. At the event, Chief Executive Officer of the NSX, Tiaan Bazuin laid out the history of the NSX since its birth in September 1992 further touching on the future prospects ofContinue Reading
In an endeavour to increase economic activities in the country, Namibia has launched a new visa for remote workers, commonly referred to as digital nomads. The Namibia Digital Nomad Visa (DNV), an initiative of the Government of the Republic of Namibia, invites foreign professionals, who are location independent and self-sufficient,Continue Reading
With effect from early 2023, Al Cook has been announced as the new CEO of De Beers Group and current CEO Bruce Cleaver as co-chairperson. This follows Cleaver’s decision to step back after six years to a non-executive role, Anglo American CE and De Beers Group chairperson Duncan Wanblad. CookContinue Reading
Despite having amassed a loss of N$206 million in the most recent financial year, the Meat Corporation of Namibia (Meatco) has outlined a clear vision towards recovery which among others includes cost reduction mechanisms, increasing productivity and revisiting its strategy to cope with Volatility, Uncertainty, Complexity, and Ambiguity (VUCA), bothContinue Reading
Mines and Energy Minister, Tom Alweendo and his Zambian counterpart, Peter Kapala have signed a memorandum of understanding (MoU) to facilitate a private sector led infrastructure development project aimed at building an oil and gas pipeline from the port of Walvis Bay to Zambia. At the signing, Alweendo said ifContinue Reading
