Paratus Group announces its expansion into the Democratic Republic of Congo (DRC). This coincides with the news that Paratus has won, together with DRC based Global Broadband Solution (GBS), the government tender to activate a 620-kilometer fiber optic network link between Muanda, on the West Coast, to DRC capital city,Continue Reading
The Namibian Competition Commission (NaCC) has resolved to initiate two investigations against First National Bank and others in terms of Section 33 of the Namibian Competition Act, 2003 (No. 2 of 2003). The first investigation relates to the alleged historic fixing of interchange rates through the Payments Association of NamibiaContinue Reading
Diamond mining company Debmarine Namibia on March 18 officially inaugurated its latest diamond recovery vessel, christened on the day as the Benguela Gem (previously the AMV3), at the Port of Walvis Bay, Namibia. Debmarine Namibia is a joint venture marine diamond and prospecting company owned by the government of NamibiaContinue Reading
The GIZ-UNESCO project on “Promoting Sustainable Tourism and Private Sector Engagement for inclusive Community Development in response to the Covid-19 crisis in Namibia” has commenced already and is expected to be completed by August 2022, tourism minister Pohamba Shifeta has said. The project is jointly implemented by the Ministry ofContinue Reading
Minister of Mines and Energy, Tom Alweendo has said that the recent discovery of oil in itself will not necessarily lead to cheaper local fuel price. Not long ago a joint venture consisting of Shell, Qatar Energy and Namcor announced that they have discovered oil offshore. Soon after that, anotherContinue Reading
FNB Namibia has received a total of seven PMR Awards at a handover held in Windhoek this week. “We are humbled and honoured to receive these PMR awards as this once again validates FNB’s commitment to provide customers with consistent value and service that make a real difference in theirContinue Reading
The Far-North of Namibia has always been a key strategic focus area for Bank Windhoek, evident from the Bank’s footprint of 16 branches and 106 Automatic Teller Machines (ATMs). Bank Windhoek’s Managing Director, Baronice Hans, shared this information at the Northern Estate Agents Award event hosted on Thursday, 10 MarchContinue Reading
Public and Private sector need to work together to rebuild economy On Monday, 8 March, Nedbank Namibia hosted the Nedbank National Budget Review event at the new Nedbank Campus in Windhoek. In attendance at the event were, the Honourable Speaker of the National Assembly, Professor Peter Katjavivi, the Minister ofContinue Reading
Namibia commends and recognises SACU, as one of its key strategic partners working, among others, towards a post-COVID economic recovery, Vice President Nangolo Mbumba has said. Mbumba was speaking this week on the occasion of his visit to the SACU headquarters. “As you are all aware, post-COVID-19 recovery requires aContinue Reading
As Namibia’s second important discovery in recent weeks, Namibia’s oil and gas industry is set to create an influx of new investment, and local content opportunities for the country. The African Energy Chamber sat with Ian Cloke, COO Afentra to discuss the enormous potential of what could engineer Namibia’s newContinue Reading
