NAMIBIA Breweries Limited (NBL), a subsidiary of the Ohlthaver & List (O&L) Group has announced the temporary discontinuation of its low-alcoholic and -kilojoule beer brand, Windhoek Light. NBL foresees the current stock of Windhoek Light to be sufficient at current demand for the month of May 2022, after which theContinue Reading
With the employment challenges faced by recent graduates in the country, Old Mutual Namibia saw the need to play their part in easing this burden the nation faces. Old Mutual Namibia put out a call inviting recent graduates to apply for a chance to gain market related skills to betterContinue Reading
Development Bank of Namibia (DBN) has signed an agreement to provide N$193 million to finance a new solar power generation plant, near the Kahn substation in the Namib Desert. The plant will feed 20 MW into Nampower’s Kahn substation, from where it will be distributed to households and industrial consumers.Continue Reading
AIM-listed investment company Kazera Global has raised N$20 million, before expenses, through placing 100-million new ordinary shares at a price of 10c apiece with new and existing investors, representing a 5% premium to the closing price on June 4. Kazera invests in South Africa-based diamond and heavy mineral sands projects,Continue Reading
DUBBED the commodity of the month by the Namibia Statistics Agency (NSA), Namibia imported cheese valued at N$14.6 million during the month of March, mostly sourced from South Africa. Over the year, the lowest import value of N$11.0 million was observed during the month of February 2022 while the highestContinue Reading
NAMIBIAN recycling company, NamiGreen, has started to measure CO2 reductions enabled by their recycling efforts, NamiGreen, Per Hansen recently said in a statement. NamiGreen E-waste recycling in Namibia collects and recycles a considerable amount of used and broken electronics (i.e. e-waste) from both companies and households in Namibia. The companyContinue Reading
RAND Merchant Bank (RMB), the corporate and investment banking business of FirstRand, yesterday announced that CEO James Formby would hand over the leadership to Emrie Brown, who would start in October. Brown as a female executive takes the role as gender equality in corporate leadership in South Africa is closelyContinue Reading
WITH Namibia’s burgeoning oil and gas sector set to take the spotlight during the continent’s premier energy event, African Energy Week (AEW) taking place from October 18-21, 2022, in Cape Town – James Mnyupe, Presidential Economic Advisor and Hydrogen Commissioner is set to attend and discuss the intersection of energyContinue Reading
Last week, the biannual Namibia Genetics Auction Group’s event, which was hosted at the Agra Bank Windhoek Ring in Windhoek, saw participating farmers achieve an average price of above N$60,000 for bulls and close to N$30,000 for heifers and cows. The auction facilitated the sale of 91 cattle, comprising 43Continue Reading
SIMONIS Storm Securities expects another 75bps hike in the repo rate before the end of 2022, which would lift the prime rate from 8.00% to 8.75%. In its recent meeting, the Monetary Policy Committee of the Bank of Namibia (BoN) raised its repo rate by 25 basis points from 4.00%Continue Reading
