…issues penalty of N$1 million to one institution, cautions many In its money laundering and the financing of terrorist and proliferation activities, the Namibia Financial Institutions Supervisory Authority (NAMFISA) has issued a financial penalty amounting to N$1 million to one accountable institution (AI) in the capital markets space for non-compliance,Continue Reading
Higher education institution, Stadio last week gave its graduating postgraduate students share certificates, giving them shares in the Stadio group and ownership in the Stadio business. Speaking at the institution’s spring graduation last week, Brighten Simasiku, Head of Stadio Namibia highlighted that Stadio is a listed entity on the JohannesburgContinue Reading
French energy giant TotalEnergies has made progress with its multi-well appraisal and exploration drilling program in Namibia, which is being carried out with two rigs. The oil major is currently checking out well flow test results, which it plans to use to decide on a course of action when itContinue Reading
The Namibia Financial Institutions Supervisory Authority (NAMFISA) has endured a total comprehensive deficit for the year ended 31 March 2023 amounting to N$8.9 million, the Authority’s latest financial results released today show. This deficit is however positive compared with a budgeted deficit of N$22.8 million. Addressing the media, NAMFISA ChiefContinue Reading
NAMDIA, the Namib Desert Diamonds (Proprietary) Limited Company, a 100% commercial public enterprise marked a historic occasion at the launch of its Annual Report for the financial year 2022/2023 declaring a record-breaking dividend of N$300 million to NAMDIA’s shareholder, the Government of the Republic of Namibia. This extraordinary dividend setsContinue Reading
FlyNamibia has announced temporary flight schedule adjustments over the upcoming period to accommodate essential aircraft maintenance. To ensure minimal disruption to our passengers, FlyNamibia has arranged an internal rescheduling and repurposing of aircraft to cover affected flights. “With this, however, some operations and route scheduling adjustments will be required. ThisContinue Reading
The Old Mutual Foundation has revealed the 28 primary schools selected to participate in the pioneering Little Green Ambassadors Initiative. This remarkable initiative is dedicated to empowering the youth of Namibia to become champions for our planet and advocates for environmental sustainability. As part of this initiative, the Old MutualContinue Reading
Namibia Wildlife Resorts (NWR) has announced that it has been honoured with the prestigious Institute of People Management (IPM) Award for its exceptional commitment to recruiting and nurturing young talents in the hospitality industry. The award ceremony, which recognised NWR for recruiting the highest number of students and interns, tookContinue Reading
As part of the Bank Windhoek Empathy Project, the Bank’s Digital, Data and Customer Transformation (DDCT) department identified an opportunity to give hope to the underprivileged children of the Groot Aub Primary School by donating math essentials at the school’s mathematics tournament, which recently took place at the Groot AubContinue Reading
The Spar Group has prevailed in its bid to force Tsumeb Hardware CC t/a Built It Tsumeb to pay a debt of over N$20 million for goods, stock, services and ancillary items historically sold and delivered to it. Built It Tsumeb is not the only Built It to have battledContinue Reading
