LIVESTOCK AND MEAT INDUSTRY THIRD QUARTER REVIEW FOR 2024
This article will review the performance of cattle, small stock and pork marketing in the third quarter of 2024, compared to the same period in 2023. Cattle sector An overall marginal increase in cattle marketing [...]
LONG TERM MARKET SELECTION STRATEGY COULD TILT TOWARDS UNCONVENTIONAL MARKETS
Ace MuteloManager: Information SystemsLivestock and Livestock Products Board of Namibia Namibia’s beef economy is dependent on exports for its sustainability and is impacted by international changes. The latest global outlook has highlighted significant changes in [...]
GLOBAL PORK CONSUMPTION PROJECTED TO GROW
Desmond Cloete, the marketing manager at the Livestock and Livestock Products Board of Namibia, who gave a brief overview of the pork market share promotion scheme and its importance in securing a future for pork [...]
MEAT CHRONICLE
LLPBN sponsor awards at Neudamm The Livestock and Livestock Products Board of Namibia (LLPBN) attended the University of Namibia’s (UNAM) prize-giving ceremony in September. The LLPBN sponsored two awards handed out to outstanding agricultural students. [...]
HOW EMBRACING CONSCIOUS LEADERSHIP CAN CREATE POSITIVE AND SUSTAINABLE CHANGE
Sustainability is the concept of meeting today's needs without compromising the ability of future generations to meet their own. It encourages a balanced approach to using resources, taking only what we need while preserving essential [...]
THE STONEMEN
A journey through mystery, nature and timeless wisdom in Namibia's Kaokoland The Stonemen - Flint and friends in Kaokoland is a spellbinding journey into the heart of Namibia’s remote and mystical Kaokoland, where the lines [...]
B2GOLD’S DUAL COMMITMENT TO COMMUNITY WELL-BEING:
EMPOWERING EDUCATION AND HEALTHCARE IN OTJOZONDJUPA B2Gold’s mission extends beyond mining, with a strong focus on making meaningful contributions that uplift communities. In the Otjozondjupa Region, the company, together with key stakeholders identified core areas [...]
A MONTHLY WRAP-UP OF NEWS WORTH KNOWING
Namibia’s mining, financial, agricultural, and manufacturing sectors are advancing with new investments and government support. Over 600 new mining exploration applications reflect confidence in Namibia’s mineral wealth, although only 68 out of 162 active mining licenses are operational. The Bank of Namibia cut interest rates by 25 basis points to stimulate the economy amid low inflation. The Capricorn Foundation invested N$350,000 to train young Namibians in hospitality, aiding job creation. In manufacturing, the Trade Ministry is encouraging MSME participation in the beverage industry following AB InBev’s local production of Lion Lager. Additionally, Kadila Poultry Farming began operations, aiming to produce 400 tonnes of poultry monthly and create 350 jobs, reducing Namibia’s reliance on imports. These developments highlight progress across key sectors.
RECOGNISING THE RESEARCHERS
Empowering Namibia’s conservation future Hauptfleisch and Oppenheimer (centre), PhD students (left and right) By linking research with policy initiatives, the fellowship aspires to create pathways for more and inclusive conservation strategies. Engaging with local communities [...]
FINANCIAL INDICATORS
"Namibia’s export performance in August 2024 totalled N$8.7 billion, marking the second consecutive month of decline since the peak reached in June 2024, despite showing a year-on-year growth of 18.2%." In August 2024, Namibia recorded [...]
WARMBAD COMMUNITY RECEIVES LIFELINE
Stella, Frieda and Boois Vehicle handover Warmbad community members In a significant gesture of support, Debmarine Namibia has donated a vehicle to the Warmbad community, located 48 km south of Karasburg in the ||Kharas Region. [...]
EMPOWERING COASTAL COMMUNITIES FOR SUSTAINABLE FUTURES
“When communities grasp their role in preserving marine resources, they become active stewards of the environment. This sense of ownership and responsibility is vital for the long-term success of conservation efforts.” “Empowering communities to safeguard [...]
SUMMIT OF THE FUTURE
calls for renewed international cooperation and private sector engagement In September, global leaders gathered at the United Nations’ Summit of the Future in New York, addressing pressing challenges facing the world. The event provided a [...]
ENERGISING YOUTH INNOVATION
TotalEnergies’ Startupper of the Year Challenge The right kind of energy can ignite a spark that propels ideas forward. Empowering the changemakers of tomorrow is what the fourth edition of the TotalEnergies Startupper of the [...]
A MONUMENT TO LEGACYAND INNOVATION
CYMOT’s new flagship store unveiled I walk through aisle upon aisle. Overhead, a lofty modern ceiling stretches far above, giving the space an airy, almost cathedral-like feel. The store is massive. So much so that [...]
EXCELLENCE IN HEART CARE
Meet our leading cardiologists and cardiothoracic surgeon At Lady Pohamba Private Hospital, we believe that heart health is paramount. Our dedicated team of cardiologists and cardiothoracic surgeon stand at the forefront of cardiovascular medicine, offering [...]
FINANCIAL INDICATORS
In August 2024, Namibia’s annual inflation rate decelerated to 4.4% y/y, down from 4.6% in July 2024 and 4.7% in August 2023, reaching its lowest level since November 2021. The key contributors to inflation were [...]
DEBMARINE NAMIBIA DONATES TO COMMUNITY HOSTELS IN THE //KHARAS REGION
Community hostels in the //Kharas Region serve schools in economically challenged areas. The local economy, primarily reliant on small-scale livestock farming, has been hit hard by ongoing droughts, leaving many families struggling to provide for [...]
NAVIGATING NAMIBIA’S ECONOMIC CROSSROADS
As Namibia approaches the end of a decade marked by stagnant GDP growth, we invite you to reflect with us on the present economic climate, the factors that have brought us here, and where we [...]
GOING THE DISTANCE
A solo journey to empower youth Embarking on a journey of a lifetime, Ray Sasman, a 52-year-old former teacher, became the first woman to traverse Namibia on foot from end to end. She began her [...]
OIL AND GAS SECTOR ON THE BRINK OF MAJOR TRANSFORMATION
Exploration and discoveries Namibia’s offshore oil and gas sector is set for a significant transformation, following a series of major discoveries in recent years which include Graff-1, Venus-1, Jonker-1X, La Rona-1 and Lesedi-1X. These developments [...]
MAKALANI PALM
Scientific name: Hyphaena petersianaCommon name: Makalani palm The silhouette of a makalani palm during sunset is an aesthetically stunning sight to behold. These palms are tall, one-stemmed trees with big dusty-green fronds spread out like [...]
A COMMITMENT TO ENVIRONMENTAL STEWARDSHIP AND COLLABORATIVE SCIENCE
Debmarine Namibia’s commitment to environmental stewardship and scientific research is evident in its recent initiative to donate surplus benthic samples to several institutions. By supporting the Ministry of Fisheries and Marine Resources, the Ministry of [...]
BEST OF NAMIBIA 2024 AWARDED
The Best of Namibia campaign, created by Venture Media and Future Media and proudly sponsored by FlyNamibia, celebrated its first edition’s award ceremony at the end of July. This new public choice awards campaign sought [...]
NAMIBIA TRADE NETWORK HOSTS LATEST EDITION OF THE BUSINESS BREAKFAST CLUB
Another fascinating instalment of the Namibia Trade Network's Business Breakfast Club (BBC) took place in the capital, under the theme Innovation, Technology and Communication. The event was packed with business professionals eager to hear more [...]
ASTRONOMY MEETS AFRICA
Highlights from the IAU General Assembly 2024 in Cape Town Cape Town, South Africa, proudly hosted the International Astronomical Union (IAU) General Assembly for the first time, which marked a historic occasion for the African [...]
HANDS-ON LEARNING
Revolutionising early childhood development in Namibia’s informal settlements Imagine learning to ride a bike or swim without ever getting on the saddle or into the water. From their first few years of life, children need [...]
PRESS SECRETARY REFLECTS ON PRESIDENT MBUMBA’S FIRST SIX MONTHS IN OFFICE
In his first six months in office, President Nangolo Mbumba has navigated Namibia through a period of profound change and challenge following the passing of his predecessor, Dr Hage Geingob, in February 2024. Reflecting on [...]
REVIVING RUACANA
How solar-powered boreholes are transforming landscapes and livelihoods Imagine being a subsistence farmer in the Ruacana area of Namibia – if you do not live near the Kunene River, Namibia’s northwestern border with Angola, your [...]
MURALS SPARK MARINE CONSERVATION IN COASTAL COMMUNITIES
Namibia’s only marine protected area (MPA) is grappling with a multitude of threats, including overfishing, illegal fishing, climate change, pollution, habitat degradation, extractive activities and a general disconnect from the value of marine life. These [...]
FINANCIAL INDICATORS
The Bank of Namibia's fourth monetary policy announcement of the year took many by surprise, as the central bank opted to reduce the interest rate by 25 basis points, lowering the repo rate to 7.50% [...]
AFRICA ONLINE ANNOUNCES NEW SHAREHOLDER AND ENHANCED PRODUCT OFFERINGS
Africa Online (Africa) (Pty) Ltd is excited to announce a transformative partnership between Utande Internet Services Botswana and Africa Online Namibia. Africa Online has incorporated Utande Internet Services Botswana as a new shareholder that will [...]
DEBMARINE NAMIBIA’S N$ 1.7 MILLION HAEMODIALYSIS DONATION TO OSHAKATI INTERMEDIATE HOSPITAL
In a significant stride towards enhancing healthcare services in Namibia, Debmarine Namibia recently donated essential haemodialysis equipment to the Oshakati Intermediate Hospital. This generous contribution, valued at over N$ 1.7 million, includes three haemodialysis machines, [...]
PROMOTING SUSTAINABLE DEVELOPMENT
NILALEG spearheads the Integrated Landscape Management Conference In a significant stride towards sustainable development, the Ministry of Environment, Forestry, and Tourism (MEFT), in collaboration with the United Nations Development Programme (UNDP), is spearheading the Namibia [...]
BREAKING BARRIERS
A Man’s Dedication to Early Childhood Development One afternoon, in the calm breeze of Ondangwa, Namibia, I was fortunate to be part of a Development Workshop Namibia training event. The room was bustling with enthusiastic [...]
FINDING FUTURES IN FORESTRY
He is youthful and driven by a profound passion. In his own words, Leroy describes himself as a 'town boy that de-urbanised.' He stands at the helm of Miombo Forestry Products, a Namibian enterprise dedicated [...]
B2GOLD NAMIBIA: THE LITTLE SHOP OF PHYSICS (LSOP)
AIMS TO SHARE THE WONDER OF SCIENCE WITH EVERYONE, OFFERING A UNIQUE HANDS-ON EXPERIENCE FOR STUDENTS AND TEACHERS. IT SETS ITSELF APART BY EMPOWERING STUDENTS TO BECOME THE SCIENTISTS IN THE PROGRAM. LSOP IS OPEN [...]
NAMIBIA AND BOTSWANA UNITE FOR DEVELOPMENT AND STABILITY
Botswana’s president’s official visit to Namibia provided an opportunity to deepen existing cooperation and explore new avenues for collaboration. His Excellency Mokgweetsi Masisi, the president of the Republic of Botswana, was the keynote speaker at [...]
RENEWABLE ENERGY POTENTIAL IN NAMIBIA
Namibia, a country blessed with abundant sunlight and favourable wind conditions, holds significant potential for renewable energy development. The country’s location, coupled with its natural resources, presents an excellent opportunity to harness solar and wind [...]
NAMIBIA TRADE NETWORK HOSTS LATEST EDITION OF THE BUSINESS BREAKFAST CLUB
Left: Jesaya Hano-Oshike, co-founder & Director of the Basecamp Business Incubator, Naude Muller, co-founder PayToday and IDToday, Linda McLeod, Acting Manager in Startup & Scale Unit at NIPDB, Yarukeekuro Ndorokaze, Chief Strategic Communications & Support [...]
ATLANTA AIRPORT INKS PACT WITH NAMIBIA’S NAC
Article by Business Express Seeking to promote economic growth and development and cultivate a relationship for mutual benefit, Hartsfield-Jackson Atlanta International Airport (ATL) and the Namibia Airports Company (NAC) last week signed a Sister Airports [...]
AEW 2024 TO HOST COUNTRY SPOTLIGHTS ON NAMIBIA AND OTHER AFRICAN ENERGY HOTSPOTS
Article by Business Express The upcoming African Energy Week (AEW): Invest in African Energy conference – Africa’s premier event for the energy sector, taking place this November in Cape Town – will host a series [...]
NAB ACHIEVES ISO/IEC 17020:2012 ACCREDITATION
Article by Business Express The Namibian Agronomic Board (NAB) has received its accreditation certificate to the ISO/IEC 17020:2012 Standard from the Southern African Development Community Accreditation Services (SADCAS). This achievement underscores NAB’s commitment to excellence [...]
ANDRADA SET TO TRANSFORM NAMIBIAN LITHIUM PRODUCTION
Article by Business Express African technology metals mining company Andrada Mining, which has its roots in exploring the rich geologies of Southern Africa, is poised to become a pivotal player in the global lithium supply [...]
HEADS OF STATE TO STEER GHANA-NAMIBIA CO-OPERATION TOWARDS MUTUAL PROSPERITY
Article by Business Express Namibia and Ghana will establish a Bi-National Commission (BNC) to be co-chaired by their Heads of State, elevating the status of their 30-year-old Permanent Joint Commission for Co-operation (PJCC). This was [...]
‘NAMIBIA, AN UNDERESTIMATED SOURCING MARKET FOR FRESH PRODUCE’
Article by Business Express Business Scout for Development Christina Pfandl has spoken about Namibia possibly being an underestimated sourcing market for fresh produce in southern Africa. In a recent presentation, Pfandl noted that although Namibia [...]
GREEN HYDROGEN: A CATALYST FOR NAMIBIA’S ECONOMIC RENAISSANCE
Article by Business Express Over the past 25 years, Namibia has enjoyed commendable economic expansion, averaging an impressive 4.5% per annum, which has elevated the country to upper-middle-income status. However, since 2015, growth has decelerated, [...]
VEHICLE SALES REACH 6360 IN THE FIRST HALF OF 2024
Article by Business Express In the first half of 2024, a total of 6,361 units were sold, slightly below the 6,441 units sold in the same period of 2023 but surpassing pre-pandemic levels, a report [...]
A MONTHLY WRAP-UP OF NEWS WORTH KNOWING
BON AND DBN FORGE PARTNERSHIP TO BOOST NAMIBIA’S ECONOMIC GROWTH The Bank of Namibia (BoN) and the Development Bank of Namibia (DBN) have signed a three-year Memorandum of Understanding (MoU) to bolster economic growth and [...]
CELEBRATING YIELDS IN RICE AND POULTRY PRODUCTION IN THE OMUSATI REGION
In the Omusati Region, where concerns over food security are mounting due to the impending drought, rice cultivation is expanding. The University of Namibia’s Ogongo Campus, strategically located in the Cuvelai- Etosha Basin of north-central [...]
NAMIBIA & INDONESIA FORGE CLOSER TIES FOR ECONOMIC GROWTH
The bilateral relations between Namibia and Indonesia have experienced significant growth and transformation over the past few years. The diplomatic relationship between Namibia and Indonesia was formally established shortly after Namibia gained independence in 1990. [...]
THE UNUSUAL BUSY OFF-PEAK TOURISM SEASON IN NAMIBIA
Tourism in Namibia has traditionally exhibited a distinct cyclicality, with the peak season running from July to October. This pattern seems to be waning with a higher than usual number of visitors gracing Namibia during [...]
AVIADEV AFRICA 2024 IGNITING CONNECTIONS, PROPELLING GROWTH
The AviaDev Africa 2024 conference, held from 19-21 June at the Movenpick Hotel in Windhoek, Namibia, was an exceptional gathering that brought together key stakeholders from across the aviation industry. As the premier forum dedicated [...]
NAMIBIA LEADS SOUTHERN AFRICA IN FIGHT AGAINST WILDLIFE TRAFFICKING
Namibia, through an operation dubbed Saving Wildlife through Multilateral Cooperation in Africa (SAMA), has seen 17 cases leading to the interception of 34 illegal shipments of wildlife within Southern Africa. According to the Regional Intelligence [...]
NAMIBIA COMMENDED IN HIV AND HEPATITIS B BATTLE
Namibia is making significant strides in combating the transmission of HIV and Hepatitis B from mother to child, showcasing the effectiveness of government-led initiatives in addressing these two global health challenges, according to the World [...]
NAMIBIA INTERNATIONAL ENERGY CONFERENCE TRIUMPHS WITH GLOBAL PARTICIPATION
Last week, the 6th edition of the Namibia International Energy Conference convened more than 750 attendees from 46 nations, 22 nations more than previous years, at the serene Droombos, Windhoek. This gathering served as a [...]
U.S. GOVERNMENT SUPPORTS PUBLIC PHARMACIES TO IMPROVE SERVICES ACROSS NAMIBIA
With approximately 350 health facilities offering pharmaceutical services in Namibia, capacity building and technical support is crucial to maintaining top-quality service provision. For many pharmacists, day-to-day business and the high number of patients leave little [...]
COW, MTC COMBINE FORCES TO COMBAT CRIME USING MODERN TECHNOLOGY
Charged with the responsibility to ensure the safety and security within the jurisdiction of the city, coupled with the increasing need for smart policing, the leadership of the Municipal Council of Windhoek and Namibia’s premier [...]
CAPRICORN CORNER BECOMES 1ST OPERATIONAL BUILDING IN NAMIBIA TO RECEIVE IFC’S EDGE ADVANCED GREEN BUILDING CERTIFICATION
MEDIA RELEASE On 28 March 2024, The Capricorn Corner building, Capricorn Group's state-of-the-art office facilities in Klein Windhoek, earned EDGE Advanced green building certification, the green building certification from the International Finance Corporation (IFC), the [...]
NAVIGATING RISK IN SUB-SAHARAN AFRICA: CHALLENGES AND OPPORTUNITIES
Thought Leadership article: by Horst Simon, Business Risk Officer, Capricorn Group Sub-Saharan Africa, home to diverse cultures, abundant resources, and dynamic economies, is a region of immense potential. However, amidst its promise lies a landscape [...]
UNAM STUDENTS LEAD THE CHARGE IN ORAL HEALTH EDUCATION AND COMMUNITY OUTREACH
In the spirit of fostering a healthier community, the University of Namibia’s School of Dentistry, along with the Dental Students Association of Namibia, marked World Oral Health Day through an impactful community outreach initiative. This [...]
MULTICHOICE NAMIBIA HOSTS MASTERCLASS WITH SOUTH AFRICAN FILMMAKER MUNEERA SALLIES
…female filmmakers inspired “own their professional space” MultiChoice Namibia teamed up with famed South African director, producer and KykNET commissioning editor, Muneera Sallies, to host a masterclass for women in the local film and tv [...]
UNVEILING THE FISCAL LANDSCAPE OF NAMIBIA
Economic Pulse Namibia’s annual budgetary process is a crucial aspect of the country’s economic planning and fiscal management. In previous years, the government has presented comprehensive budgets aimed at addressing key national priorities, fostering economic [...]
CONNECTING SOUTHERN AFRICA TO THE REST OF THE WORLD
OMAKE MOMENT with the Namibia Trade Network Have you ever wondered how all the products end up on the store shelves we visit? It’s a bit like raising a child – it takes community effort. [...]
EMPOWERING NAMIBIA’S FUTURE
Debmarine Namibia's 2024 Bursary Awards Spark Brilliance in Education and Beyond Bursaries are an important component of widening participation in higher education. Debmarine Namibia, through its commitment to education, capacity and skills development, is empowering [...]
NAMIBIA TRAINS 2000 ENTREPRENEURS UNDER EMPRETEC
Article by: Business Express EMPRETEC Namibia which first trained entrepreneurs on 16 October 2019 has now trained close to 2000 entrepreneurs of which about 30% were vulnerable categories, Minister of Industrialisation and Trade, Lucia Iipumbu [...]
SCHOOL OF VET MEDICINE
Omake Moment - March 2024 You may be surprised to learn that the work that veterinarians do affects us all, and this has nothing to do with whether you are a pet owner or not. [...]
ECONOMIC PROGRESS UNDER NAMIBIA’S LATE PRESIDENT
Economic Pulse – March 2024 His Excellency Dr Hage Geingob embarked on his presidency in 2015 amidst a wave of public support, having secured 86% of the presidential vote in 2014. However, with Geingob’s inauguration [...]
THE MUTUAL RESPONSIBILITY OF LENDERS & BORROWERS
29/02/2024 DBN Executive for Marketing and Corporate Communication, Jerome Mutumba, talks about the mutual responsibilities of lending and borrowing In the wake of the repeated calls for write-offs of loan repayments for small and medium [...]
IRDNC: LEADING THE WAY IN SUSTAINABLE DEVELOPMENT
01 March 2024 By Daniel Munyanya, Final Year Student, University of Namibia Introduction: Empowering Communities for Sustainable Futures Nestled within Namibia’s communal lands lies a beacon of hope for both people and wildlife: The Integrated [...]
UNVEILING HEALTH BEYOND HORIZONS
Dr MacQ’s revolutionary medical excellence In the vast expanse of remote environments or amidst the hustle of a traveller's journey, ensuring access to quality healthcare can be a daunting challenge. Dr MacQ, a trailblazer in [...]
THE BRIEF AND CIRRUS CAPITAL HOST NAMIBIA TOP COMPANIES AWARDS
In a dazzling display of business acumen and corporate achievement, Namibia's capital, Windhoek, witnessed the launch of the inaugural Namibia Top Companies Awards on October 13, 2023. This momentous occasion, a collaborative effort between The [...]
CAPRICORN GROUP ANNOUNCES APPOINTMENT OF NEW GROUP CEO
David Nuyoma, Group CEO of Capricorn Group 15 November 2023 The Chairman of the Capricorn Group Board, Mr. Gerhard Fourie, announced that the recruitment process for the position of Group [...]
STORIES THAT MATTER WITH STANDARD BANK
A SAFER LEARNING ENVIRONMENT - FOR THE SCHOOL FOR THE VISUALLY IMPAIRED The School for the Visually Impaired in Khomasdal, a government school that caters for blind learners, children with albinism, learners with learning disabilities [...]
STORIES THAT MATTER WITH DEBMARINE
HOPE SPRINGS ETERNAL - DEBMARINE NAMIBIA SUPPORTS ELUWA SPECIAL SCHOOL IN ONGWEDIVA In a world where barriers often hinder the potential of children with disabilities, a ray of hope shines brightly in Namibia. Debmarine Namibia, [...]
THE US BANKING CRISIS AND THE RISKS FOR NAMIBIA
Economic Pulse - June 2023 The largest global banking crisis since 2008 emerged in March this year, resulting in US regulators shutting down and selling three small- to mid-sized banks over the span of five [...]
TAKING STOCK OF 2023 SO FAR
Economic Pulse - May 2023 2023 was off to a flying start, with the first quarter of the year being a generally positive one for Namibia in terms of economic and financial developments. On the [...]
STORIES THAT MATTER WITH STANDARD BANK
A VISION OF HOPE Hope Village has been a beneficiary of Standard Bank's long-term support for over 14 years. According to the founder of Hope Village, Marietjie de Klerk, Standard Bank committed to the project [...]
STORIES THAT MATTER WITH STANDARD BANK
BRIGHTER DAY INITIATIVE The Brighter Day Hope Foundation is a psychosocial support and holistic education development organisation that has been operating in partnership with Standard Bank. It was endorsed by the Ministry of Education, Arts [...]
TECHNOLOGY, AI AND JOB DISPLACEMENT
Economic Pulse - March 2023 The advent of new technologies has often raised concern that new, often more efficient ways of doing things, will lead to job displacement. This fear has not been limited to [...]
THE AGE OF THE DIGITAL NOMAD VISA : NAMIBIA JOINS THE CLUB
Economic Pulse - February 2023 Digital nomad visas have been rising in the popularity as the number of people working remotely has increased in recent years. Remote working became a necessity during the pandemic-induced lockdowns [...]
STORIES THAT MATTER WITH STANDARD BANK
N$400M RAISED IN GREEN BOND ISSUANCE DEBUT First issued in 2007, green bonds were created to exclusively finance project, assist or business activities that have positive environmental and / or climate benefits. Standard Bank Namibia [...]
THE CASE FOR SHARE REPURCHASES
Economic Pulse - January 2023 Share repurchases have been a hotly debated topic, particularly in the developed world, for a number of years now, and yet it somehow still remains one of the most misunderstood [...]
BEST OF 2022 – ECONOMIC HIGHLIGHTS
Economic Pulse - December 2022 Looking back, 2022 was a year of ups and downs. The optimism that pervaded the start of the year faded as the Ukraine conflict escalated. Tightening monetary policy and rampant [...]
NAMIBIA’S URANIUM SECTOR IS ESSENTIAL TO A DECARBONISED WORLD
Economic Pulse - October 2022 Nuclear power has long been controversial, with proponents citing its potential to decarbonise the world and opponents raising concerns about safety and waste. However, as the need to address climate [...]
STORIES THAT MATTER WITH STANDARD BANK
AN ECOSYSTEM FOR CHANGE An exciting pilot is being run on the outskirts of Windhoek. It aims to develop a new way to produce building material, create food security, agricultural jobs and dignified low-cost housing [...]
NAMIBIA’S UNIVERSAL HEALTH CARE AMBITIONS
Economic Pulse - September 2022 Over the pas couple of decades a lot has been done in terms of improving health care systems around the world. The number of low- and middle-income countries aspiring to [...]
STORIES THAT MATTER WITH STANDARD BANK
THE PAWS ON THE GROUND: NAMIBIA'S K9 WILDLIFE PROTECTORS At a base in Waterberg National Park lives a special band of wildfile protectors. With a tough job, and through vigorous training and vigilant operators, this [...]
HOW IRRATIONAL DECISION-MAKING IMPACTS MARKETS
Financial theory in the traditional sense assumes that investors act rationally, using all available information to make investment decisions. If we also assume that markets are frictionless (no tax and no costs), we should have [...]
ROYAL HUSTLERS WITH TRIBEFIRE STUDIOS
Fenni Nghikevali iCAN CEO, First of Many The CEO of the Institute of Chartered Accountants of Namibia (ICAN) is the first woman from a previously disadvantaged background to hold that position. Talking to 99FM, Fenni [...]
DEVELOPMENT BANK 2022 GOOD BUSINESS AWARDS
04/11/2022 Wins for land servicing and education, strong showings for tourism, manufacturing and transport and logistics The Development Bank of Namibia (DBN) hosted its prestigious 2022 Good Business Awards in Windhoek on the night of [...]
THE UNTAPPED MARKET OF WOMEN EMPOWERMENT
By Reem El Sherif, RMB Strategy and Business Development Manager. Reem leads Strategy in RMB Namibia and is a passionate researcher in the gender and socio-economic development field. With just around seven and a half years [...]
NAMIBIA SET FOR BIG INTEREST RATE HIKE IN OCTOBER
September 23, 2022 Economists are predicting the Bank of Namibia (BoN) will raise its benchmark interest rate by 0.75 percentage points in October, the second such rise in a row, and signal plans to raise [...]
CORPORATE PARTNERS RESPOND TO HOUSING NEED IN NAMIBIA
On 7 February 2022 the FirstRand Namibia Foundation, Pupkewitz Foundation and Ohorongo Cement reaffirmed their commitment to support the Shack Dwellers Federation of Namibia at their annual sponsorship handover. Rozina Jacobs, FNB Home Loans National [...]
RMB WINS GLOBAL FINANCE MAGAZINE’S BEST TREASURY AND CASH MANAGEMENT BANK
2 February 2022: The prestigious Global Finance magazine has recognised RMB Namibia as the Best Treasury and Cash Management Bank and RMB as the Best Bank for Payments and Collections in Africa. The awards acknowledge excellence [...]
COURTESY VISITS TO THE NAMIBIAN PORTS AUTHORITY (NAMPORT)
NEW BRAZILIAN AMBASSADOR PAID A COURTESY VISIT TO THE PORT OF WALVIS BAY The new Brazilian Ambassador to the Republic of Namibia, Her Excellency Vivian Loss Sanmartin paid a courtesy call to Namport last Friday, [...]
MEAT FLASH 05 NOVEMBER 2021
MEAT BOARD HAS LIMITED AMOUNTS OF BUSH ARBOROCIDES: The Meat Board imports and sells bush arborocides on a cost recovery basis to producers in an effort to make a contribution towards the combating of national bush encroachment. [...]
FIRSTRAND NAMIBIA LAUNCHES FIRST JOB INTERNSHIP PROGRAMME: Becoming globally competitive begins at home
Caption: ART1427: (f.l.t.r) Wiann Mans, Learning and Development Manager, Isdor Angula, FirstRand Namibia CHRO, Elzita Beukes, Group Communications Manager, Daisry Mathias, Presidential Advisor: Youth and Enterprise Development, and Conrad Dempsey, FirstRand Namibia CEO. 24 November [...]
RESUMPTION OF PASSENGER VESSELS AT THE NAMIBIAN PORTS AUTHORITY
Image credit - Namport It is with profound pleasure that we inform you of the resumption of Passenger vessel services at the Namibian Ports Authority, as we will be welcoming the MS Europa on 25 [...]
NAMIBIA’S GREEN HYDROGEN FUTURE: BRIGHT STARS ARE ALIGNING
About the author: Ekkehard Friedrich is a Partner at Eos Capital, Namibia’s premier private equity fund management firm and an active supporter of developing Namibia’s Green Hydrogen future. The Namibian government has done a sterling [...]
FRANS INDONGO TRUST SUPPORTS GOVERNMENT’S FIGHT AGAINST COVID-19
N$1 MILLION DONATION TO THE MINISTRY OF HEALTH AND SOCIAL SERVICES On October 13th, the Frans Indongo Group (FIG), through the Frans Indongo Trust, officially handed over a donation of One Million Namibian dollars [...]
DEVELOPMENT BANK OFFERS FINANCE FOR CLIMATE CHANGE ADAPTATION
DBN CEO Martin Inkumbi The Development Bank of Namibia has announced a facility to finance climate change adaptation, bolstering its long track record of finance with beneficial environmental and social initiatives. Explaining the [...]
FIM & NAMFISA ACTS GAZETTED: LEGISLATIVE REFORMS SEEKS TO BENEFIT INDUSTRY & CONSUMERS
MEDIA RELEASE: 05 OCTOBER BER 2021 NAMFISA’s Chief Executive Officer, Mr. Kenneth S. Matomola says, the Financial Institutions and Markets (FIM) and the NAMFISA Acts have officially been signed off [...]
WHEN LIFE GIVES US LEMONS…
By: Heidi Burmeister-Nel Heidi Burmeister-Nel is a registered Clinical Psychologist practising in Windhoek and in Outjo. She completed both her M.A. Clinical Psychology and M.Th. Clinical Pastoral Care degrees at the University of Stellenbosch [...]
CULTURE LEAD: UNDERSTANDING ORGANISATIONAL CULTURE
By: Lorelle Viljoen Citizenship Architect: Sustainability (Capricorn Group Human Capital and Citizenship) Organisational culture is the underlying beliefs, assumptions, values, and ways of interacting that contribute to an organisation’s unique social and psychological environment. [...]
FIRSTRAND NAMIBIA ANNOUNCES ANNUAL FINANCIAL RESULTS
Deeply invested in Namibia’s wellbeing 10 September 2021 FirstRand Namibia Limited announced its financial results for the year ending 30 June 2021, reflecting an extremely difficult operating environment, with normalised earnings decreasing. Oscar Capelao, FirstRand [...]
NAM-MIC FINANCIAL SERVICES HOLDINGS APPOINTS NICOL-WILSON AS CEO
2 September 2021 MEDIA RELEASE On Wednesday, 1 September 2021, Nam-Mic Financial Services Holdings’ Board of Directors announced the appointment of Verile Nicol-Wilson as Designate Chief Executive Officer (CEO), [...]
DBN MOOTS NATIONAL EQUITY FUND AS BOOST FOR BUSINESS RECOVERY
DBN CEO Martin Inkumbi The onset of Covid-19, 18 months ago, has led to vulnerability on the part of some enterprises. Development Bank of Namibia (DBN) CEO Martin Inkumbi suggests that one solutions [...]
5 ELEMENTS TO CONSIDER TO ENSURE YOUR ‘WORK FROM HOME’ DEVICES ARE ADEQUATELY COVERED
As the new normal requires people to continue working from home, one needs to take the time to review their portable work devices and ensure that they are adequately insured from theft or unforeseen [...]
COLLABORATION IN THE WAKE OF COVID- 19
Media Release: 26 July 2021 The power of unity cannot be overemphasised. Indeed, Namibia has experienced, and is still experiencing the effects of a people united towards a common goal during the Covid- 19 [...]
THE RISE OF ECOMMERCE – IS NAMIBIA READY?
By Reginald Baking and Frans Uusiku eCommerce has become a buzz word as one of the key revelations of the 21st century economic realities. We have all witnessed the advent of the COVID-19 pandemic [...]
IMPACTING EDUCATION OUTCOMES FOR POSITIVE FUTURES
Effective leadership in the education sector is vital for national development. At the school system level, this is especially so, because when schools thrive and provide strong educational outcomes for learners, the broader society [...]
CAPRICORN GROUP HANDS OVER THE FIRST 21 TONNES OF A TOTAL DONATION OF 63 TONNES OF MEDICAL OXYGEN
Caption from left to right: Jaco Esterhuyse, Financial Director of Capricorn Group and Marlize Horn, Group Executive: Brand & Corporate Affairs, at the Afrox Bulk Medical Oxygen facility in Windhoek [...]
I WANT TO TALK A BIT ABOUT … ACCOUNTING
“What advantages does he derive from the system of book-keeping by double entry? It is among the finest inventions of the human mind; every prudent master of a house should introduce it into his [...]
PPP – A RECIPE FOR ECONOMIC RECOVERY AND INFRASTRUCTURE DEVELOPMENT
Photo credit: Ministry of Finance “PPPs aim to leverage private sector capital and expertise to maximize public goods and value for money, while allocating the risk of developing and operating the [...]
6th ANNUAL PPP CONFERENCE OVERVIEW & PROJECTS
“PPPs aim to leverage private sector capital and expertise to maximize public goods and value for money, while allocating the risk of developing and operating the asset to the party best suited to bear [...]
AFRICAN LEADERSHIP INSTITUTE BRINGS TRANSFORMATION, INSPIRATION AND HOPE
Caption left to right: Dr. Dina Katoma, Revonia Kahivere, Herodiana Kandjeke, and Robert De Celestino Robert. 10 June 2021: The African Leadership Institute (ALI) has completed its sixth training for [...]
PRIVATE SECTOR CONTRIBUTES TO VACCINES FOR HOPE COALITION
Caption from left to right: Mr. Ben Nangombe: Executive Director - MHSS, Hon. Esther Muinjangue: Deputy Minister of Health and Social Services, Mr. Jason Hailongo: Chief Executive Officer of NaSIA, Ms, Petronella Masabane: Deputy [...]
Benchmark Retirement Fund – Early Bird 2021-04
The Newsletter for the Pension Fund Industry & Pension Fund Investors: The Early Bird fund performance indicators for April 2021 have been released. To get an early feel for what to expect of the [...]
STANDARD BANK JOINS CREDIT GUARANTEE SCHEME, OFFERS 60% COLLATERAL REDUCTION FOR QUALIFYING SMES
Photo Caption: Standard Bank’s Enterprise Direct Manager, Felicia Jooste, has announced that it has partnered with the Credit Guarantee Scheme (CGS) to provide collateral cover of 60% for qualifying SMEs. [...]
OLD MUTUAL ACQUIRES A MAJORITY STAKE IN ROSH PINAH 5-MEGAWATT SOLAR PHOTOVOLTAIC PLANT
18 February 2020 - An infrastructure investment fund managed by Old Mutual Investment Group (Namibia) (Pty) Ltd has acquired a majority stake in a 5MW solar PV (photovoltaic) plant at Rosh [...]
HINTS TO GET YOUR MORTGAGE APPROVAL
By: Bank Windhoek’s Market Research Analyst, Loide David Attempting to purchase a house without a plan in place can be a challenging situation. As a first-time homebuyer, you will need to prepare in advance. [...]
EY – NAMIBIA BUDGET SPEECH SUMMARY 2021
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RMB WINS GLOBAL FINANCE MAGAZINE’S BEST TREASURY & CASH MANAGEMENT BANK 2021 IN NAMIBIA
18 February 2020: In a tightly contested field, RMB Namibia has been recognised by Global Finance magazine as the 2021 Best Treasury and Cash Management Bank. Philip Chapman, RMB [...]
Five money management principles for 2021
28 January 2021: The new year is upon us and brings new energy and opportunity for us to put in place or relook our financial plan for the year [...]
EY NAMIBIA TAX BULLETIN 1/ 2021
EFFECTIVE DATES - MANUFACTURING INCENTIVES & EPZ TAX BENEFIT REPEAL
ECONOMIC OUTLOOK UPDATE – February 2021
THE NAMIBIAN ECONOMY IS EXPECTED TO GROW BY 2.7 PERCENT IN 2021 1. Introduction The Bank of Namibia released the Economic Outlook update for February 2021 with the domestic [...]
DEBT MANAGEMENT DURING TOUGH TIMES
By: Bank Windhoek’s Market Research Analyst, Loide David In August, the Bank of Namibia (BoN) cut its benchmark interest rate by another 25 Basis Points (BPS), a standard unit of measure for interest rates, to a [...]
THE GOVERNMENT INSTITUTIONS PENSION FUND CELEBRATED FEMALE TRAILBLAZER
By: Marilize van Schalkwyk, Information Systems Auditor: Internal Audit I officially became a Certified Internal Auditor (CIA) during January 2020. The CIA is a globally recognized flagship designation by the [...]
NAMPOWER HANDS OVER ENERGY EFFICIENT LIGHT BULBS TO MINISTRY OF HEALTH AND SOCIAL SERVICES
Photo Caption: NamPower Managing Director, Mr. Kahenge Simson Haulofu, Health and Social Services Deputy Minister , Honourable Dr. Esther Utjiua Muinjangue, Windhoek Central Hospital, Chief Medical Superintendent, Dr. David Uirab and Ministry of Health and Social [...]
BANK OF NAMIBIA RALLIES DOMESTIC ECONOMIC PLAYERS TO SUPPORT ECONOMIC RECOVERY
PRESS RELEASE: 11 February 2021, Windhoek BANK OF NAMIBIA RALLIES DOMESTIC ECONOMIC PLAYERS TO SUPPORT ECONOMIC RECOVERY In line with its mandatory obligation to provide sound advice that informs [...]
MTC NAMIBIA FINANCIALS FOR THE YEAR 2019/2020
MTC Namibia presented strong financials for the year 2019/2020 and are proud to have maintained a leadership position and track record of consistent growth of 2.66% revenue despite economic contraction amidst a global pandemic. The [...]
MVA JOURNEY PREPAREDNESS: 60-SECOND TYRE CHECK CAN SAVE LIVES!
The MVA Fund reminds drivers to do a 60-second check on their vehicle tyres as part of journey preparedness during the upcoming Festive Season. This call was made at the tyre-safety activation held on [...]
BANK OF NAMIBIA DONATES TOWARDS THE FIGHT AGAINST COVID-19
PRESS RELEASE: 21 January 2021, Windhoek BANK OF NAMIBIA DONATES TOWARDS THE FIGHT AGAINST COVID-19 In solidarity with the Namibian nation fighting the second wave of the COVID-19 pandemic, [...]
BANK WINDHOEK IS PSG’S BANKING REVIEW BEST BANK FOR 2020
Proudly Namibian: Bank Windhoek’s Managing Director, Baronice Hans MEDIA RELEASE Bank Windhoek is PSG’s Banking Review Best Bank for 2020: PSG Namibia’s 2020 Banking Review has again ranked Bank [...]
DEVELOPMENT BANK OF NAMIBIA TO LAUNCH KFW-SUPPORTED COVID-19 BUSINESS RELIEF LOANS
Development Bank of Namibia (DBN) has announced that it will launch Covid-19 business relief loans on 18 January 2021. The Bank will provide finance equivalent to 3 months up [...]
NAMIBIA QUARTERLY BULLETIN DECEMBER 2020
PRESS RELEASE: 18 December 2020, Windhoek DOMESTIC ECONOMIC ACTIVITY REMAINED WEAK DURING THE THIRD QUARTER OF 2020 International economic and financial developments: The GDP data showed [...]
NAMIBIAN TAX RELIEF BY DELOITTE
The COVID-19 pandemic remains a challenge worldwide from a health, social and economic perspective. The preservation of the lives of those infected is the current priority as well as the containment of the disease [...]
#LEARNONONE DAYTIME TV EDUCATION – A CHANCE AT A BETTER FUTURE
12 November 2020 One Africa TV celebrates its #LearnOnOne daytime TV educational platform with refreshed branding. Having broadcasted over 2,600 lessons since 13 April when schools remained closed while the country was in lockdown, [...]
PRIORITISE YOUR MENTAL HEALTH:
Photo Caption: Marjolize Scholtz, FNB Wellness Specialist With over 35 million posts tagged #selfcare on Instagram, it’s clear that we’re more aware than ever of the trend to take time [...]
MTC & DStv PARTNERS TO PRESENT NEW INTERNET BUNDLES FOR DStv SUBSCRIBERS
11 November 2020 – Windhoek – Digital Enabler Mobile Telecommunications Limited (MTC) today entered a new partnership with MultiChoice Namibia (MCN), to provide streaming bundles to its DStv subscribers in Namibia. The new Streaming [...]
GLOBAL FINANCE ANNOUNCES FIRST NATIONAL AS BEST BANK IN NAMIBIA
Photo Caption: Erwin Tjipuka, CEO of FNB Namibia 08 October 2020: Global Finance magazine has announced its 27th annual awards for the World’s Best Banks, and FNB was awarded as [...]
ELIZABETH BAY WELCOMES NEW OWNERS: SPERRGEBIET DIAMOND MINING FINALISES PURCHASE
15 October 2020, Windhoek Namibia. In 2018 Namdeb Diamond Corporation announced its intent to sell the Elizabeth Bay Mine situated in the Karas Region close to Lüderitz. The sale was initiated with the intent [...]
NAMDEB AND SPERRGEBIET DIAMOND MINING CONCLUDE SALE OF ELIZABETH BAY
Namdeb Diamond Corporation (Proprietary) Limited (‘Namdeb’) today announced that the transaction for the sale of Elizabeth Bay Mine (‘EBay’) to Sperrgebiet Diamond Mining Proprietary (Proprietary) Limited (SDM), subsidiary of the Lewcor Group (a 100% [...]
ECONOMIC OUTLOOK AUGUST 2020
According to the IMF’s World Economic Outlook (WEO) Update for June 2020, the global economy is set to experience a deep downturn in 2020 before recovering [...]
MEDIA STATEMENT – NTA CARETAKER CEO & PROCESS TO APPOINT SUBSTANTIVE CEO
Photo Caption: Cornelis Beuke, NTA Caretaker Chief Executive Officer
FNB SIGNS UP FOR THE DEVELOPMENT CREDIT GUARANTEE SCHEME
Photo Caption: Sam Ikela, Segment Head, Small Medium Enterprises 12 October 2020: FNB Namibia has partnered with the Development Bank of Namibia on the risk sharing initiative, which was announced [...]
USING BOARD EVALUATIONS TO ENHANCE BOARD PERFORMANCE:
A NAMIBIAN BOARDROOM PERSPECTIVE The increased interest from investors and stakeholders and the expectation that Boards become more engaged, knowledgeable and effective has resulted in increased usage of Board evaluations as a tool to [...]
CITY OF WINDHOEK: ANNUAL ROAD RESURFACING TENDER IN WINDHOEK
The 2020 road resurfacing tender was awarded to Tau Pele Namibia Construction (Pty) Ltd. The work has commended in mid-September 2020 and will last until the end of March 2021. [...]
UNIQUE 2019 INNOVATION AWARD WINNER MAKES STRIDES
UNIQUE PRODUCT WILL ASSIST ELECTRICITY CONSUMPTION MANAGEMENT AND PROVIDE INTERNET Winner of the Development Bank of Namibia (DBN) 2019 Innovation Award, Pulsar Electronics, is making strides with a DBN enterprise development and support package [...]
IS YOUR WILL UP TO DATE? IF NOT, DO IT TODAY
By Bank Windhoek’s Wills Administrator, Paulina Elifas Crises have one thing in common: crucial decisions matter. One lesson we continue to learn as we fight COVID-19, is the significance of being prepared for any [...]
MULTICHOICE ANNOUNCES A NEW WAY TO KEEP VIEWERS INFORMED
PRESS RELEASE: Windhoek, Namibia, 22 September 2020 MultiChoice is continually striving to create innovative ways to offer customers the best service. Therefore, we are pleased to announce a launch of Enhanced Decoder Notification (EDN) [...]
TALKING POINTS 100 DAYS IN OFFICE: GOVERNOR OF THE BANK OF NAMIBIA – MR. JOHANNES !GAWAXA
PRESS RELEASE: Thursday, 17 September 2020 Windhoek Good morning, Firstly, I would like to thank you all for joining this media conference, organised to mark the first [...]
DEVELOPMENT BANK SHOWCASES SKILLS-BASED FINANCE FOR YOUNG ARTISAN
Photo Caption: Rens Shilongo a young artisan and owner of automotive enterprise Mekemo Trading received skills-based finance for young artisans to purchase tools and equipment that will assist it to expand its business. The company [...]
MEAT FLASH – 4 September 2020
THE MEAT BOARD STATISTICS SHOWS AFTER 2019 DROUGHT The latest Meat Board of Namibia statistics shows disturbing consequences of the 2019 drought around livestock marketing during 2020. On a year to year basis ending [...]
SOFTENING HOUSE PRICES SEEN IN SECOND QUARTER
Photo Caption: Frans Uusiku, FNB Market Research Manager 08 September 2020: The second quarter FNB Residential property report highlights the fact that the House Price Index was down 2.7% from the second [...]
FIRSTRAND NAMIBIA REMAINS STRONG, RESILIENT & WELL-POSITIONED
Oscar Capelao, FirstRand Namibia Chief Financial Officer MEDIA RELEASE: 10 September 2020 FirstRand Namibia Limited today announced its financial results for the year ending [...]
OLD MUTUAL LAUNCHES NEW CUSTOMISED INSURANCE PROPOSITION
The evolution of Old Mutual offerings and engagements with customers is centred around targeted solutions where the needs, aspirations and behaviour of customers take centre stage. This is why Old Mutual Namibia launched its [...]
RISK MITIGATION AS THE KEY TO UNLOCKING OPPORTUNITIES
Article By: Tuliikeni Ndadi, Mining Engineer at Standard Bank Namibia It is widely known that the mining industry is risky, faced with disruptions from both within and outside of the mine site [...]
COST MANAGEMENT VITAL TO MITIGATE COVID-19 IMPACT ON FARMING OPERATION
Article By: Gerhard Mukuahima, Head of Agribusiness The outbreak of Covid-19 across the globe is presenting a unique set of challenges to industries and causing severe disruption to global value chains, [...]
MULTICHOICE NAMIBIA DONATES PPE IN THE FIGHT AGAINST COVID-19
Health and Social Services Minister Honourable Dr Kalumbi Shangula receiving PPEs from MultiChoice Namibia’s Managing Director Roger Gertze at the COVID-19 Communication Centre/Khomas Regional Council in Windhoek Total of 3,500 KN95 Face [...]
LET NAMIBIA NOT BECOME A VICTIM OF COVID-19
Pieter van Niekerk Team Namibia Board Chairperson While Namibia can be credited for doing many things right in terms of combating COVID-19, Team Namibia has [...]
The FIM Bill Webinar Series September 2020
The FIM Bill was passed by Parliament on 7 July 2020. The Bill is expected to be published in the Government Gazette soon and thereby become law. The FIM Act will certainly change the [...]
THE GridOnline SIGNS UP WITH MTN NAMIBIA
MTN Namibia and The GridOnline have taken the Namibian ICT sector a stride forward as the parties sign their first commercial contract for bulk data transmission services, provided by The GridOnline, a service offering [...]
ONE ECONOMY FOUNDATION: BreakFreeWithTheBoyz
Bernardus Harageib: Technical Director Media Release The #BreakFree from Violence Campaign, is an Anti-violence campaign that was initiated in 2017, with the purpose of creating and fostering [...]
LEGAL MATTERS: STUDY YOU LEASE AGREEMENTS IN LIGHT OF COVID-19
Article By: Ivo Dos Santos, Dr. Weder, Kauta & Hoveka Inc A lease agreement creates reciprocal rights and obligations between a landlord and tenant, meaning the landlord gives the tenant the use and enjoyment of [...]
RENT PRICES STAGGERS IN THE WAKE OF COVID-19
Frans Uusiku Market Researcher Manager FNB Housing Index Report “Namibia has seen an unprecedent spike in the number of new COVID-19 cases over the [...]
WE ARE IN THE SAME BOAT – OR NOT…
It is probably quite normal to first move into a state of panic when threatening things catch you by surprise. A potential next step, when the dust has settled and we can think more [...]
JULY ENTERTAINMENT FIX: WHAT TO WATCH ON DIFFERENT DStv PACKAGES
Whether you live in a household with elderly grandparents or small children, DStv has immense, enticing content for the whole family. From nail-biting soccer clashes for baba to dramatic soapies for mama and kid-friendly [...]
MEAT FLASH – 19 JUNE 2020
MEAT BOARD HOLDS SUCCESSFUL SEMINARS REGARDING CATTLE AND SHEEP MARKETING Two successful seminars regarding cattle and sheep marketing were held by the Meat Board in Windhoek on 16 and 17 June 2020. Globally, and [...]
NAMIBIA TRAINING AUTHORITY ANNOUNCES COVID-19 VET LEVY PAYMENT BREAK
Photo Caption: Mr Jerry Beukes & Ms Virginia Kaimu
NEW SCHOOL FURNITURE BOOSTS TEACHING AND LEARNING
Pictured here from the left is Mr Richard Kambinda; Centre Manager at Zambezi Vocational Training Centre, His Worship Charles Matengu; Mayor of Katima Mulilo, Mr Ephraim Nekongo; Director at Kalahari Holdings, Mr Hofni Iipinge; [...]
NAVIGATING THESE TRYING TIMES
The world has seen many crises before. While each crisis is different, Ray Dalio (founder of Bridgewater Associates) reminds us that history has a tendency to teach us patterns that we can use as [...]
NAMPOWER SIGNING MOA WITH CITY OF WINDHOEK
Photo Caption: Mr Kahenge Simson Haulofu, NamPower Managing Director and Mr Robert Kahimise, Chief Executive Officer of the City of Windhoek
THE RISE OF WOMEN IN THE SME SECTOR
Tracy Eagles FNB Chief Marketing Officer MEDIA RELEASE Over the last ten years, the SME sector has seen a trend of more women taking up opportunities in franchising and [...]
EMOTIONAL MARKETS
On 28 May 1962 the Dow Jones average of thirty leading industrial stocks dropped by 34.95 points. At the time this was a drop bigger than on any other day in history, with the [...]
FIRSTRAND NAMIBIA ESTABLISHES HOPE – A HEALTH OPTIMISATION PANDEMIC EMERGENCY FUND
Sarel van Zyl CEO: FirstRand Namibia MEDIA RELEASE 8 April 2020 Today FirstRand Namibia announced the objectives of its HOPE intervention and relief effort, which aims to assist Government and its partners [...]
NOT GOING BACK TO NORMAL: BUSINESS CONTINUITY AFTER COVID19
Horst Simon Business Risk Officer, Capricorn Group We always want things to go back to normal quickly, but what most of us have probably not realised [...]
MULTICHOICE NAMIBIA INTRODUCES DSTV WHATSAPP
Roger Gertze Managing Director 07 April 2020 Forming part of our ongoing efforts to improve customer experience through unique, innovative platforms, MultiChoice Namibia officially launched DStv WhatsApp, a new [...]
One Africa TV launches:
MEDIA RELEASE: One Africa TV launches #LearnOnOne and partners with Eduvision (a project of the Edugate Academy) to broadcast free lessons for Namibian learners. #LearnOnOne platform launch In a move to support quality education [...]
DUNDEE PRODUCES HAND SANITIZER
Photo Caption: Front and Centre… (Centre) Herbicious Tiyeho- Dundee Precious Metals Tsumeb Senior Chemist: Quality Systems flanked by Patemasella Gawanas (left), Dundee Precious Metals Tsumeb Graduate Chemist and Penoshinge Haitota, Chemist Quality Control and [...]
#REALHELP PAYMENT RELIEF FROM FNB NAMIBIA
Photo Caption: Erwin Tjipuka, CEO FNB Namibia #realhelp Payment relief from FNB Namibia 3 April 2020: As Namibia and the international community continue to intensify efforts to curb the spread [...]
UNDERSTANDING YOUR CREDIT SCORE
Photo Caption: Martha Murorua - Executive: Consumer Banking Access to credit can be a cornerstone to personal growth and many consumers can relate to the excitement and relief of qualifying [...]
DUNDEE INVESTS IN NEW HEAVY-DUTY EQUIPMENT
Photo Caption: All good… Dundee Precious Metals Tsumeb procured heavy duty equipment to the value of N$25 million from Barloworld Namibia on Tuesday, 18th February 2020. Tsumeb (12 March 2020) [...]
DEVELOPMENT BANK SEEKS SUSTAINABILITY FOR NKURENKURU
Photo Caption: Sustainability for Nkurenkuru. Development Bank of Namibia CEO Martin Inkumbi (left) and Nkurenkuru COE Petrus Sindimba (right) recently formally signed an agreement in terms of which the [...]
OFFSHORE INVESTING, A VALUABLE TOOL FOR ALL
Article by: Morne Husselmann, FXPH E-Forex Specialist 20 February 2020: The offshore investment process [...]
BEST OF AFRICA AWARDS – GROOTBERG LODGE
The #Khoadi //Hoas Conservancy in cooperation with Grootberg Lodge and Journeys Namibia crowned Best of Africa in the Sustainable Top 100 Destination Awards. [...]
DO I BUY OR DO I RENT?
So, you don’t want to pay off someone else’s bond, right? Intuitively this thinking makes sense and it has been the reason for many people wanting to own a property. However, rental expense never [...]
HOLLARD & ROSSING FOUNDATION SUPPORTS NAMIBIAN YOUTH
Photo Caption - (From Left to Right) - Mr Job Tjiho, Executive Director Rossing Foundation - Ms Adri Sachse - Mr Chris Movirongo, Rossing Foundation Trustee - Sam Kauapirura, Transformation & Corporate Communication, Hollard [...]
COMMUNITY CONSERVATION FUND OF NAMIBIA (CCFN) SUCCESSFULLY LAUNCHED
13 February 2020 The Community Conservation Fund of Namibia (CCFN) was successfully launched in the capital today The launch of this much needed conservation fund takes Namibia’s flagship conservation programme to the next level. [...]
NAMIGREEN E-WASTE RECYCLING RATES DOUBLES IN NAMIBIA
Local e-waste joint-venture, NamiGreen, recycled the equivalent to 10,000 computer monitors in 2019 - a 100 % increase from previous year. 2019 was a good [...]
RUGBY RULES FOR PROTECTING YOUR CAPITAL
Sometimes it helps to start by focusing on what something is not. Leaving your cash under the mattress is one of the surest ways to cause a permanent loss of capital. No, not necessarily [...]
MOVING ON SWIFTLY
Photo Credit: Susan Nel Photography As February breaks and salaried employees give a collective sigh of relief after a long-awaited January payday, it is worth taking a moment to do [...]
LAYERS OF INVESTING – Where to begin?
The range of options available to investors can often be overwhelming. Where do you even begin? To answer this question it can be useful to break your investment decisions into three simplified layers: 1. [...]
EMBRACING THE IDEA OF GOING FULL DIGITAL
Kehad Snydewel - Managing Director of Green Enterprise Solutions By: Ester Kamati Kehad Snydewel is the managing director of Green enterprise solutions, a company founded [...]
WHERE EDUCATION MEETS ENTERTAINMENT: UNMISSABLE KIDS’ CONTENT ON DSTV
January is over, and we are just getting the hang of February. The kids are back at school, the gyms and roads are full, and everyone is finally back to their daily ways of [...]
INVESTING AGAINST EMOTION
Reason is probably one of the biggest distinctions between humans and animals. It has given us the ability to learn from different circumstances and to adapt over time. These lessons sit deep in our [...]
NAMIBIA IN RECESSION – HOW WE ENDED HERE
Until now it had never been difficult to answer this question because the words ‘’forward’’, ‘’onward’’ or ‘’upward’’ were mostly used to describe Namibia’s economic growth and outlook. Until now, the measures of progress [...]
CHANGE ON THE HORISON?
In last month’s issue we unpacked the origins of the current economic crisis gripping Namibia. We recounted the combination of external factors and domestic policy errors that contributed to the economy overheating, which has [...]
APPRENTICESHIP PROMOTION
INTRODUCTION: Since 2013, the NTA has collected training levy funds from industry and now they are able to give a significant amount back in the form of salary support (N$ 30,000.00 per trainee per [...]
MULTICHOICE ALUMNI TRAVEL TO USA FOR NEW YORK ACADEMY SCHOLARSHIP
14 January 2020 Renowned film school, the New York Film Academy opened its doors to MultiChoice Talent Factory (MTF) alumni Mainala Silondwa (Zambia), Gilbert Bassey (Nigeria) and Hillary “Hillax” Lanogwa (Kenya). The alumni, one [...]
MEAT FLASH – 17 JANUARY 2019
THE MEAT BOARD EXTENDS NEW YEAR’S WISHES OF PROSPERITY TO EVERY ROLE PLAYER We pray that our country will be blessed with abundant rain to relieve man and beast and that our Heavenly Father [...]
RENTAL INDEX RECORDS SMALLER CONTRACTION
PRESS RELEASE 20 January 2020 FNB Namibia has released the latest rental index report. Which, according to Ruusa Nandago, FNB Group Economist, is based on average [...]
LOCAL TALENT STRENGTHENS LOCAL CULTURE
07 January 2020 At MultiChoice, our vision is to be the best African storyteller in the world. At the same time, we also promise to bring Africans the best international stories. Being able to tell [...]
MEAT FLASH – 23 AUGUST 2019
MEAT BOARD ATTENDS THE BASELINE AGRICULTURAL OUTLOOK CONFERENCE IN SOUTH AFRICA On 16 August 2019, Willie Schutz and Desmond Cloete attended the Baseline Agricultural Outlook Conference of the Bureau for Food and Agricultural Policy (BFAP) [...]
MEAT FLASH – 29 NOVEMBER 2019
MEAT BOARD ALLOCATES THE NORWEGIAN BEEF QUOTA 2020 After applications received, the Meat Board has decided to allocate the Norwegian beef quota of 1600 tonnes beef for 2020, to Meatco and the Brukarros abattoir. [...]
FACTS ABOUT HOME OWNERSHIP IN NAMIBIA
A Focus on Gender and Age Gap Ruusa Nandago, Market Research Manager FNB Namibia has just released a new paper, focusing on the demographics of home ownership, something that, besides [...]
GODFRIED SIWOMBE’S BETTER FUTURE, ENSURED!
Two years have passed since a little boy arrived at the Hollard office with hope in his eyes. He was only 7 years old when he lost his mother and brother when lightning struck [...]
AFRICA MAGIC VIEWERS’ CHOICE AWARDS BACK FOR SEVENTH EDITION
PRESS RELEASE 22 November 2019 Africa Magic, in association with MultiChoice Nigeria, today announced that entries are now being accepted for the seventh edition of the Africa Magic Viewers’ Choice Awards (AMVCA). Entries open [...]
MATERIAL RECOVERY FACILITY PLANT INAUGURATION: ERONGO REGION
Rent-A-Drum PTY Ltd entered into an agreement with the Municipal Council of Swakopmund in 2015 to invest in Swakopmund on a recycling sorting plant, promoting recycling and waste management in [...]
OFFICIAL INAUGURATION OF THE NAMCOR FUEL RETAIL SITE
We are here this morning to witness the official opening of Namcor’s first ever fuel retail site. This development not only provides Namibian motorists a wider choice of fuel outlets [...]
BOTSWANA DRY PORT EXPANDS ITS SERVICES
Dr Derik Mokgatle, Dry Port Manager at the Botswana Dry Port
HOLLARD & PICK N PAY OPEN FIRST IN-STORE BUSINESS OFFICE
Photo Caption - (Left) Victoria Moller - Marketing Manager Pick n Pay Namibia - (Right) Sam Kauapirura - Head of Transformation & Corporate Communication Hollard Namibia [...]
MARKET COMMENTARY Q3 2019 – SANLAM INVESTMENTS
Basson van Rooyen, Portfolio Manager, Sanlam Investments MEDIA RELEASE As the winter cold quickly becomes a memory and the first drops of rain start to fall, Namibian Investors are [...]
MULTICHOICE AFRICA: SECOND ROUND OF MASTER CLASSES IN NAMIBIA
21 October 2019 MultiChoice Africa is proud to have presented another Masterclass in its MultiChoice Talent Factory Masterclass programme, a series of industry-led workshops aimed to upskill and empower established professionals across Africa’s film [...]
MEAT FLASH – 20 SEPTEMBER 2019
ROLE AND FUNCTIONS OF THE MEAT BOARD The role and functions of the Meat Board is aimed at facilitating an optimal environment for sustainable production, growth in markets, and diversification of the livestock, meat [...]
CAPRICORN GROUP LAUNCHES 2019 INTEGRATED ANNUAL REPORT
Baronice Hans (Managing Director: Bank Windhoek), Jaco Esterhuyse (Financial Director: Capricorn Group) and Marlize Horn (Group Executive: Brand & Corporate Affairs) holding up the Integrated Report at the launch earlier this morning. [...]
IMPOSTER SWINDLE CONTINUES
Press Release: 02 October 2019 FirstRand Namibia once again wishes to inform their customers and the general public that the impostor fraud continues [...]
BANKERS ASSOCIATION ADVISES ON EFT PAYMENTS TO SA BANKS
MEDIA RELEASE 18 September 2019 The Bankers Association of Namibia hereby informs the public that, due to a directive by the CMA CPOC, clients from our member banks will no longer be able to [...]
EOS CAPITAL CELEBRATES LIFE, LAUNCHES NAMBOB
Namibian private equity firm, Eos Capital, on Thursday launched the Nambob brand in the Namibian funeral services industry after acquiring and rebranding Namibia’s leading funeral services provider, AVBOB Namibia. Eos [...]
AFFORDABLE OFFSHORE INVESTING
28 August 2019 Many potential investors are discouraged from offshore investing due to various perceptions that exist around it, ranging from high investment minima to weak returns. [...]
ENTREPRENEURIAL DEVELOPMENT OPPORTUNITY FOR NAMIBIAN YOUTH
20 August 2019 In Namibia, 44% of young people are unemployed and there is mounting pressure on Government institutions and departments to provide employment opportunities for them. Over the past few years, Namibia has [...]
DROUGHT RELIEF BULLETIN JULY- AUGUST 2019
This is the first edition of the Drought Relief Bulletin, an initiative of the Namibian Chamber of Environment (NCE). The purpose of this Bulletin is to improve communications between and create synergy among institutions [...]
FIRSTRAND NAMIBIA END-YEAR RESULTS
MEDIA RELEASE 6 September 2019 Transforming old costs into new opportunities, Creating shared prosperity for all stakeholders FirstRand Namibia, in its 2019 end-year results, reported an increase in profit before tax by 2.2% to [...]
THE BENEFITS OF NETWORKING AS A TOOL OF ENGAGEMENT
ARTICLE BY: Mbo Luvindao: Bank Windhoek’s ESME Finance Branch Manager MEDIA RELEASE: 4 September 2019 Turning contacts into quality relationships takes effort. It is not enough to send a sporadic email or [...]
MEAT FLASH – 23 AUGUST 2019
MEAT BOARD ATTENDS THE BASELINE AGRICULTURAL OUTLOOK CONFERENCE IN SOUTH AFRICA On 16 August 2019, Willie Schutz and Desmond Cloete attended the Baseline Agricultural Outlook Conference of the Bureau for Food and Agricultural Policy (BFAP) [...]
NEDBANK NAMIBIA BANKS ON ENVIRONMENTAL SUSTAINABILITY THROUGH THE GO GREEN FUND
MEDIA RELEASE: For the 18th consecutive year Nedbank Namibia has once again shown its support for the environment and nature conservation by channeling N$930 000 to the Nedbank Go Green Fund, which the Namibia [...]
OVER 1500 ATTEND BIOMASS TECHNOLOGY EXPO 2019
A scene from Biomass Technology Expo 2019, of a bush-to-feed technology demonstration The recently held Biomass Technology Expo 2019 has put biomass firmly on the national agenda, and calendar, taking its rightful place [...]
PICK N PAY HANDS OVER PLASTIC PROFITS TO THE RECYCLE NAMIBIA FORUM (RNF)
MEDIA RELEASE 20 August 2019 Pick n Pay (PnP) Namibia – a subsidiary of the Ohlthaver & List (O&L) Group – on Tuesday, 20 August 2019 handed over all its profits from the sale [...]
CONSERVATION AND TOURISM THRIVE TOGETHER
MEDIA RELEASE: For nearly four decades the Cheetah Conservation Fund (CCF) of Namibia through its landmark research and conservation programmes has underscored the robust link and crucial importance between conservation, tourism and people to [...]
DETERMINING COST-EFFECTIVENESS OF GREEN BUILDINGS
ARTICLE BY: Ruan Bestbier: Treasury Sales and Sustainability Analyst at Bank Windhoek 23 July 2019 As the effects of climate change continue to emerge as a business reality, the Namibian banking sector [...]
BANKERS ASSOCIATION OF NAMIBIA WARNS AGAINST SURCHARGING
MEDIA RELEASE 5 August 2019 The Bankers Association of Namibia has learned that some merchants continue to add a surcharge (additional fee) to card transactions or are setting minimum or maximum transaction amounts as [...]
ETOSHA FISHING EXCELS AT GENDER INCLUSIVITY
Photo caption: On board with gender equality – Three of Etosha Fishing’s top management team are females. Photographed in front of Etosha Fishing’s RSW Vessel Iona is Acting MD and former Financial Director Nezette Beukes [...]
IMPLEMENTATION: MEMORANDUM OF UNDERSTANDING – APPRENTICESHIP PROGRAMME BETWEEN BON & NTA)
Date: 06 August 2019 Reference Number: 9/6/5 The implementation of the Bank of Namibia (BoN) initiative to support the Namibia Training Authority (NTA) apprenticeship programme has started. BoN and NTA signed a Memorandum [...]
THE CITY OF WINDHOEK IS CELEBRATING THE 50TH ANNIVERSARY OF DIRECT POTABLE WATER REUSE
The City of Windhoek is celebrating the 50th anniversary of direct potable water reuse. History tells us that it is exactly 50 years ago to the day that Namibia, introduced recycled water from a [...]
SLOWER CONTRACTION IN RENTAL PRICES IN MAY
PRESS RELEASE SLOWER CONTRACTION IN RENTAL PRICES IN MAY 11 July 2019: The FNB Rental Index, that tracks advertised rental prices across the country, recorded a slower contraction of 3.0% y/y at the end [...]
TRANSNAMIB ASSISTS TO CREATE DECENTRALISED LOGISTICS CENTRES
MEDIA RELEASE Ref. No.: WBCG/MMC/11-07-2019 Thursday, 11 July 2019 For Immediate Release TRANSNAMIB ASSISTS TO CREATE DECENTRALISED LOGISTICS CENTRES “We are in the business of moving cargo via rail from station [...]
NEDBANK GO GREEN FUND SUPPORTS BAT STUDY
Namibian bats under the spotlight A bat study supported by the Nedbank Go Green Fund (GGF) in the remote Namib Desert is helping scientists attain a greater understanding of a little understood mammalian masterpiece [...]
NAMIGREEN E-WASTE RECYCLERS
Recycle your printer cartridges and get paid, says NamiGreen E-waste Recyclers Too often companies and individuals throw out their used and empty printer cartridges for inkjet printers and laser printers. That's bad [...]
MAJOR BOOST TO GREEN ENERGY INAUGURATED
Text by Willie Olivier Namibia’s largest solar photovoltaic (PV) plant and one of the most productive plants in the world, the 37MW Hardap Solar Polar PV plant was officially inaugurated on Thursday, 20 [...]
WORKS AND TRANSPORT MINISTER REAFFIRMS SUPPORT TO WBCG
The Minister of Works and Transport, Hon. John Mutorwa earlier this week visited the Walvis Bay Corridor Group (WBCG) Head Office in Windhoek, to better acquaint himself with the company’s activities. Met by the [...]
HEAT EXCHANGE PRODUCTS BROADENS WATER OFFERING BY ACQUIRING VALCO PIPES VALCO
Valco Pipes is the leader in bulk water supply solutions – one of their projects included the 800mm dia, water supply line to the Trekkopje Uranium mine (picture above). (or the 600mm dia to [...]
BRINGING SMALL-SCALE MINERS, GEMSTONES AND TOURISTS TOGETHER
Industrialisation, Trade and SME Development Minister Tjekero Tweya says small-miners are among the poorest socio-economic groupings in Namibia and are finding it increasingly difficult to raise capital to fund new ventures. Tweya made this [...]
BEST PRACTICE GUIDE FOR THE NAMIBIAN MINING INDUSTRY LAUNCHED – A MILESTONE IN IMPROVING OPERATIONAL PRACTICES
Text by Willie Olivier The Chamber of Mines of Namibia has launched the “Best Practice Guide - Environmental Principles for Mining in Namibia.” Speaking at the Mining Expo and Conference, held in Windhoek [...]
BANK WINDHOEK CEMENTS ITS RELATIONSHIP WITH ENTREPRENEURS
Bank Windhoek in collaboration with Microsoft, hosted 50 local entrepreneurs for a one-day seminar at the Windhoek Country Club Resort on Monday, 25 March 2019. Dedicated to knowledge sharing, quality networking and celebrating the [...]
#BALANCEFORBETTER BANKING THIS WOMEN’S DAY
“This year’s theme for International Women’s Day on 8 March is #BalanceforBetter. What better way to ensure better balance as a woman than to have control over your own finances and family life?” says [...]
BANK WINDHOEK INTERNATIONALLY RECOGNISED FOR GREEN BOND
Bank Windhoek was awarded the Green Bond Pioneer Award by Climate Bonds Initiative at the 4th Annual Green Bond Pioneer Awards (GBPA), announced before an international audience in London on the eve of the [...]
HIDDEN ECONOMIC BENEFITS OF AFFORDABLE HOUSING
Hidden economic benefits of affordable housing Development Bank of Namibia (DBN) CEO Martin Inkumbi sheds light on the overlooked benefits of affordable housing Speaking at the unveiling of 324 residential erven, five commercial and [...]
CAPRICORN GROUP INTRODUCES ITS FIRST NEXTGEN BOARD
Capricorn Group officially introduced its first NeXtGen_Board at an unveiling event hosted at NICE Restaurant on Monday, 4 March 2019 in Windhoek. Chaired by Bank Windhoek’s Chief Financial Officer, James Chapman, the NeXtGen_Board Members [...]
FNB RECIEVED SIX PMR AWARDS
FNB Namibia received a total of six PMR Awards at the recent event held in Windhoek. Elzita Beukes, FNB Communications Manager was appreciative to all stakeholders who have shown their confidence in the FNB [...]
EXCELLENCE IN CORPORATE GOVERNANCE AND STAKEHOLDER ENGAGEMENT PRODUCES BEST ANNUAL REPORT IN NAMIBIA
The Namibia Financial Institution Supervisory Authority (NAMFISA) says producing the best annual report in Namibia affirms that good corporate governance and stakeholder management is key. NAMFISA has once again received the PMR Africa Diamond [...]
NWR AWARDED AS THE LEADING TOURISM COMPANY IN NAMIBIA
Namibia Wildlife Resorts (NWR) was presented with two Diamond Arrow awards from PMR.africa on 25 February 2019 as the leading organisation in tourism and conservation enhancement in Namibia as well as the leading tourism [...]
CAPRICORN GROUP GROWS ITS MANAGEMENT
Thirty staff members from various departments within Capricorn Group, Bank Windhoek’s holding company, took part in the second intake of its Management Development Programme (MDP) this week. Facilitated by the Group’s Human Capital Department [...]
FIRST RAND NAMIBIA REACHES OUT TO DROUGHT STRICKEN FARMERS
FirstRand Namibia employees contributed over N$ 45 800 towards the Namibia Farmers Drought Assistance (Namibie Boere Droogtehulp) programme, as part of the FirstRand Namibia 111 Random Acts of Kindness initiative, where N$111 was allocated to [...]
NWR DROPS RATES BY 75%
With the current prevailing economic conditions, Namibia Wildlife Resorts (NWR) is once again offering a 75% discount at its establishments during the month of March. Over the past four years, NWR has offered this [...]
FNB LEADING THE WAY IN DIGITAL BANKING ADOPTION
FNB says customers are increasingly embracing digital banking channels in order to bank in a convenient and affordable manner. The bank revealed that over the last year, the highest number of customers migrated to [...]
NWR AWARDED AS THE LEADING TOURISM COMPANY IN NAMIBIA
Namibia Wildlife Resorts (NWR) was presented with two Diamond Arrow awards from PMR.africa on 25 February 2019 as the leading organisation in tourism and conservation enhancement in Namibia as well as the leading tourism [...]
FNB ROCK N RUN CELEBRATES ITS FIFTH ANNIVERSARY
Celebrating its fifth anniversary on 9 March 2019, runners are invited to #RocknRun at the much-anticipated annual FNB fun run event. “We’re excited to celebrate the FNB Rock n Run fifth anniversary,” said [...]
ERWIN TJIPUKA APPOINTED AS FNB CEO
FirstRand Namibia Limited is proud to announce the appointment of Erwin Tjipuka as FNB Namibia Chief Executive Officer, effective 1 April 2019, while Sarel van Zyl will continue to serve in his role as [...]
NWR EMBRACES CHANGING TOURISM LANDSCAPE
Namibia Wildlife Resorts (NWR) has for the past few years focused its efforts in offering the domestic and international market the only opportunity to stay within Namibia’s National parks. Over time, this has provided [...]
FNB FAR NORTH GIVES BACK
The FNB Far North Cluster recently handed over sanitary pads to disadvantaged girls in various schools, as well as refuse bins to various northern towns. Abongile Npikwa, Far North Sales and Services Manager, [...]
GETTING YOUR AFFAIRS IN ORDER WITH ANIELLE VON FINCKENSTEIN
“Death may be an inevitable part of life, but it is in our human nature not to want to think about it – be it our own or that of a loved one. But [...]
BANK WINDHOEK RECOMMITS TO NAMIBIAN HOCKEY
Bank Windhoek recently announced its sponsorship of the Namibian Hockey Union (NHU) last for the fourth consecutive year. The announcement comes as a record number of teams entered for this year’s packed indoor hockey [...]
DEVELOPMENT BANK ESTABLISHES PRESENCE IN NORTH-EAST
Development Bank of Namibia (DBN) Head of Marketing and Corporate Communication, Jerome Mutumba, has announced that the Bank has opened an office in Rundu on 1 February 2019. Talking about the need for an [...]
WHAT TO DO TO ENSURE YOUR DONATION HAS IMPACT
“Over the past decade and even before that, sponsorships, donations and CSI initiatives have undergone dramatic changes and this philanthropy landscape keeps on changing. Today, more than ever, CSI managers and donors identify with [...]
THE 2019 EDITION OF THE NEDBANK CYCLE CHALLENGE LAUNCHED
The 34th edition of the Nedbank Cycle Challenge was launched in the capital on Wednesday, 30 January 2019. The Nedbank Cycle Challenge is the largest participatory cycling event on the Namibian sporting calendar with [...]
BANK WINDHOEK’S SMART PARTNERSHIP ENSURES CUSTOMER SAFETY
Bank Windhoek, Auto Armor Namibia and Amber Connect have joined forces to offer enhanced safety at significantly reduced prices to Namibians who purchase new, or pre-owned vehicles, financed by Bank Windhoek’s Vehicle and Asset [...]
SUCCESSFUL UNION NEGOTIATIONS
The 2019 substantive salary negotiations between Dundee Precious Metals Tsumeb and the Mine Workers Union of Namibia Tsumeb Branch was concluded on the, 25th January 2019 in Tsumeb. The agreement provides for a 5.1% [...]
NAMIBIA PLASTICS MAKING STRIDES IN LOCAL MANUFACTURING
Only a few months since the official groundbreaking of its manufacturing plant, Namibia Plastics is already making strides toward its goal of entirely curbing the import of plastic products. It was a proud moment [...]
THE FUTURE IS NOT WHAT IT USED TO BE
Outlook 2019 – The future is not what it used to be By Floris Bergh Chief Economist at Capricorn Asset Management The Namibian economy will probably show marginally positive growth in 2019 of 1.5% [...]
NAMPORT WELCOMES 5 PASSENGER LINERS TO THE PORT OF WALVIS BAY
The Namibian Ports Authority is proud to host five cruise passenger liners during January 2019. This will be the first time in the history of the port that three passenger vessels will be alongside [...]
MICROLENDING BILL
What is the Microlending Act? The Microlending Act, 2018 (Act No. 7 of 2018) (“the Act”) is an Act of Parliament, which came into force on 15 October 2018. The main purpose of the [...]
SMEs ADVISED TO BORROW WISELY FOR EFFECTIVE ASSETS AND OPERATIONS
Jerome Mutumba, Development Bank of Namibia (DBN) Head of Marketing and Corporate Communication says that as the economy begins to improve entrepreneurs will find greater confidence to establish SMEs, and existing SMEs will seek [...]
CURRENT CHALLENGES FACED BY NEW SME’s
As the Namibian economy continues to navigate economic challenges; the knock-on effect on consumers is one of the main issues keeping new SMEs awake at night. Sam Ikela, Head of SMEs at FNB Business [...]
BOUNCE BACK AFTER THE HOLIDAY SEASON!
The holiday season is over; and as we head back to work and start the new school year, we need to relook our budgets; given that pay day is still weeks away. The festive [...]
BANK WINDHOEK ANNOUNCES PHASING OUT OF CHEQUES
Bank Windhoek hereby announces that the final cut-off date for processing of cheques as a means of payment will be 30 June 2019. “This is to meet the Namibian banking industry deadline of 30 [...]
BANK WINDHOEK ISSUES FIRST GREEN BOND
Bank Windhoek, a wholly Namibian-owned commercial bank, reached a milestone on Wednesday, 5 December 2018 when it announced the successful issuance of Namibia’s first Green Bond. This achievement positions Bank Windhoek as the first [...]
NAMIBIAN IS AS NAMIBIAN DOES – FNB LAUNCHES ITS 111 ACTS OF KINDNESS IN ITS 111TH YEAR OF NAMIBIAN FINANCIAL SERVICES.
‘FNB Namibia has a presence throughout the country, providing multifaceted financial services to the Namibian nation for more than 111 years’, says Tracy Eagles, Chief Marketing Officer for the FirstRand Namibia group. Wherever you [...]
BANK WINDHOEK SWAMPS THE COAST WITH FESTIVITIES
Bank Windhoek is proud to again host the annual Summer Festival this holiday season for visitors to the coast. The Bank Windhoek Summer Festival is set to take place from Friday, 7 until Saturday, [...]
NAMPOWER DECLARES A DIVIDEND OF N$60.7 MILLION
The government received a financial contribution this week in the form of N$60.7 million dividends for the financial year, ended 30 June 2018 from its parastatal, NamPower. “As a commercial state-owned enterprise, we subscribe to [...]
NBL CELEBRATES ANOTHER EUROPEAN BEER STAR AWARD
Namibia Breweries Limited (NBL) – a subsidiary of the Ohlthaver & List (O&L) Group – once again receives international recognition for world-class quality. Its premium beer brand, Windhoek Draught has been awarded a bronze [...]
NEDBANK NAMIBIA NEW HEADQUARTERS SET TO BE BUILT ON SUSTAINABILITY
Friday, 23 November Nedbank Namibia hosted a groundbreaking on the site where the bank’s new headquarters will stand at Freedom Plaza in the heart of the Windhoek Central Business District. Speaking at the event [...]
SURVIVING BLACK FRIDAY
This Friday is Black Friday, a huge shopping event which sees people all over the world getting discounted products as retailers’ slash prices. “But before you head out the door this weekend with a [...]
THE BENEFITS OF SUSTAINABLE INVESTMENTS
In many first world economies, the effects of global warming continues to manifest as a business reality. In response to this crisis, the Namibian banking sector, in support of the Millennium Development Goals, is [...]
NAMIBIA TRAINING AUTHORITY RECORDS GROWTH UNDER KEY COMPONENTS OF VET LEVY
The Namibia Training Authority (NTA) expects that the number of claim pay-outs for the Employer Training Grant (ETG) for the 2016/17 financial year, as well as for the 2017/18 financial year, will increase significantly [...]
MOHSS LEADERS GRADUATE FROM ALI
A group of 17 leaders from the Ministry of Health and Social Services (MOHSS) completed their training at the African Leadership Institute (ALI), thanks to the support of the FirstRand Namibia Foundation Trust has [...]
ELDORADO SS RECEIVES 10 COMPUTERS
Last week the FirstRand Namibia Foundation Trust handed over 10 refurbished computers to the Eldorado Secondary School. Principal, Salwa Khedr said most of the computers will be used to increase learner intake in the [...]
THE ANNUAL OHLTHAVER & LIST (O&L) GROUP CHRISTMAS PARTY FOR ORPHANS & VULNERABLE CHILDREN
For the 14th consecutive year, the annual Ohlthaver & List (O&L) Group Christmas party for Orphans & Vulnerable Children (OVC) took place last week. On Thursday, 08 November 2018 approximately 200 OVCs were treated [...]
NAMBTS AWARDS BANK WINDHOEK SIX YEARS IN A ROW
Bank Windhoek received the Gold award as the best Corporate Clinic in Namibia for the sixth consecutive year at a Namibia Blood Transfusion Services (NAMBTS) Annual General Meeting (AGM) hosted on Thursday, 1 November [...]
FNB FAR NORTH SPONSORS MEDICAL SOCIETY CONGRESS
FNB Far North recently sponsored N$40,000 towards the 2018 Namibia Medical Society Congress, attended by Medical Doctors, Dentists, Pharmacists, Laboratory, Technicians and Nurses. At the event, Susana Shivolo, FNB Private Banker: “FNB Namibia aims [...]
FIRSTRAND NAMIBIA FOUNDATION DONATES POTTERY KILNS TO COTA
The FirstRand Namibia Foundation Trust and The College of the Arts yesterday inaugurated two brand new kilns - valued at N$135 000 and funded by the FirstRand Foundation. Ms. Jane Katjavivi, Trustee of the FirstRand [...]
NAMIBIAN MANUFACTURERS ASSOCIATION (NMA): MANUFACTURER OF THE YEAR AWARDS 2018
What has become an annual event the Namibian Manufacturers Association (NMA) hosted its sixth Manufacturer of the Year Awards Gala Dinner on 25 October 2018, at the Safari Hotel and Conference Centre, Windhoek. Amidst [...]
PUPKEWITZ MEGABUILD TAKING ITS PRODUCTS AND SERVICES TO OUTJO
Pupkewitz Megabuild launched their new branch in the beautiful town of Outjo. The new branch brings the number of Pupkewitz Megabuild’s total branches to 17, creating a comprehensive footprint in Namibia. Taking our services [...]
PUBLIC NOTICE BY THE MINISTRY OF MINES AND ENERGY
The Ministry of Mines and Energy has noticed that some licence holders are submitting their applications for renewal late. Through this notice, all licence holders are informed that the Ministry will not accept any [...]
FNB NAMIBIA RECOGNISES OUTSTANDING PERFORMANCE
Investment Consultants at FNB Consumer Banking were recently rewarded for outstanding performance at the bank’s recent Sales and Investment Conference. Martha Murorua, FNB Executive Officer for Consumer: “Employees who go the extra mile are [...]
NAMIBIA MID-YEAR BUDGET SUMMARY 2018/2019
In his 2018/2019 mid-year budget review speech, the Minister confirmed that, against a complex set of external shocks to the Namibian economy and domestic structural constraints, a responsive macro-fiscal policy framework was adopted. The [...]
PENSION FUNDS TO BOOST ECONOMY THROUGH INFRASTRUCTURE FUND
“Investing in scary times” was the theme of the event held by Eos Capital, a private equity manager, in Windhoek on Tuesday. Speaking at the event was the CEO of SAVCA, Tanya van Lill, [...]
FREE BANKING FOR SENIORS AT FNB NAMIBIA
“As you approach retirement age you are probably looking to make some changes in the way you manage your finances. This is where the FNB Senior Lifestyle Account comes in. It offers seniors a [...]
THE CITY OF WINDHOEK IS CELEBRATING THE 50TH ANNIVERSARY OF DIRECT POTABLE WATER REUSE
The City of Windhoek is celebrating the 50th anniversary of direct potable water reuse. History tells us that it is exactly 50 years ago to the day that Namibia, introduced recycled water from a [...]
DELOITTE “BEST COMPANY SURVEY” 2018 WINNERS ANNOUNCED
The top performing companies in the Deloitte Best Company Survey 2018, as decided by the employees of the participating organisations, were announced on Wednesday. A key objective of the Deloitte Best Company Survey is [...]
HOLLARD AND AMS ENSURING BETTER FUTURES FOR YOUNG NAMIBIANS
The development of any country relies largely on the quality of human capital. Education plays a vital role in the development of human capital and is linked with individuals’ well-being and opportunities for better [...]
FIRSTRAND FOUNDATION DONATES SANITARY PADS SCHOOL GIRLS IN OMAHEKE
The FirstRand Namibia Foundation Trust and the Pebble Foundation partnered to purchase and supply the school girls at the Gobabis Project School and the Epako High School with sanitary pads. Hundreds of young girls, [...]
BANK WINDHOEK OPENS A VISITING ON-SITE CLINIC FOR EMPLOYEES
Bank Windhoek opened a visiting on-site clinic on Wednesday, 10 October 2018 at its Human Capital Department in Windhoek. The clinic is a first of its kind and offers employees, including those of its [...]
FIRST RAND NAMIBIA FOUNDATION DONATES N$189 600 TO HOPE VILLAGE
The FirstRand Namibia Foundation Trust handed over an amount of N$ 189 600 towards the monthly expenses for the 95 children at Hope Village for the next year. The FirstRand Namibia Foundation Trust assisted [...]
FNB NAMIBIA CELEBRATES LOYAL EMPLOYEES
FNB Namibia’s Executive Committee recently celebrated ten employees who have been loyal to the bank for over 25 years by giving them long-service awards. The employees are: Susan Isaacs, Clive Pegram, Mariechen Wohler, Immanuel [...]
BANK WINDHOEK AND ADONAI TRUST UPSKILLS WALVIS BAY INMATES
A total of 86 inmates from Walvis Bay’s Correctional Facility took part in a two-week Money Map training session hosted by Bank Windhoek and Adonai Trust in September. Comprising 38 male and 48 female [...]
BANK WINDHOEK AND CAPRICORN GROUP EXECUTIVES SERVE CUSTOMERS
Members of the Executive Leadership Team of Bank Windhoek and its holding company, Capricorn Group, joined the rest of the world in paying homage to customers and frontline staff in support of the International [...]
FIRST RAND NAMIBIA APPROVES EMPLOYEE SALARY INCREASES OF OVER 7%
FirstRand Namibia and the Namibian Bank Workers Union (NBWU) are pleased to announce the increase of all employees’ basic salaries in the bargaining unit for the 2018/2019 financial year, at an across the board [...]
HOLLARD NAMIBIA CELEBRATES 15 YEARS OF ENSURING BETTER FUTURES
In 2003, a small group of like-minded enthusiasts realised a dream, of taking Namibian insurance to another level, by challenging the industry norm. Since that day, the Hollard Namibia team has grown substantially, not [...]
THE BOLD SUCCEED – A MOVING BEAUTIFUL KIDS AND ANUSA STORY
In 2002, Brian and Pam Kinghorn, a couple from South Africa, witnessed the scourge of HIV/AIDS, how it was disrupting the lives of Namibian families in Katutura and decided to make a difference. Gender [...]
KALLA TOIVO APPOINTED NATIONAL SALES MANAGER AT FNB NAMIBIA
Kalla Toivo has been appointed as FNB’s National Sales Manager. Kalla Joined FNB Namibia in 2008 as a seasonal worker at Exclusive Banking – responsible for filing. Over the past ten years he has [...]
DEVELOPMENT BANK OF NAMIBIA DONATES FOR THE CONSTRUCTION OF A FISH DAM TILAPIA FARMING AND ORCHARD IRRIGATION FOR NORTHERN WOMEN’S CO-OPERATIVE
Development Bank of Namibia (DBN) CEO Martin Inkumbi recently donated on behalf of the Bank N$150,000 for construction of a dam for the Tegako 2020 Women in Business Co-operative. Tegako will use the dam [...]
FIRST RAND NAMIBIA FOUNDATION TRUST KEEPS TSUMKWE SECONDARY SCHOOL OPERATIONAL
The FirstRand Namibia Foundation Trust handed over an amount of N$ 450 000 towards the Tsumkwe Secondary School and its operations. Louw Durand, Branch Manager First National Bank Otjiwarongo said in his address that the FirstRand Namibia [...]
INITIATIVE YIELDS REWARDS
Small and Medium Enterprises (SMEs) play a vital role in Namibia’s economy with one in five people being employed in the SME sector. Not only do SMEs contribute to the Gross Domestic Product, they [...]
RAPIDS FM LAUNCHES ON GOTV CHANNEL 134
In a vast land of scattered, far-flung communities, as a business, MultiChoice Namibia continues to deliver on our purpose of using the power of entertainment to enrich lives. GOtv is the home of African [...]
NAMPOWER 175 TONNE TRANSFORMER HEADING TO SOUTH AFRICA
NamPower would like to inform the public that a 315 MVA transformer, with the voltage ratings of 400/220/22kV is being transported via road from Gerus substation near Otjiwarongo to Johannesburg, South Africa. The transformer, [...]
NASPERS TO SEPARATELY LIST ITS VIDEO ENTERTAINMENT BUSINESS AS MULTICHOICE GROUP ON THE JSE
Naspers today announced its intention to list its Video Entertainment business separately on the Johannesburg Stock Exchange (JSE) and simultaneously to unbundle the shares in this business to its shareholders. The new company will [...]
NWR INCREASES AWARENESS IN THE NORTH AMERICAN MARKET
Namibia Wildlife Resorts (NWR) and Namibia Tourism Board (NTB) have just returned from the South African Airways (SAA) Africa Showcase. The showcase is the largest travel trade event in North America featuring exclusively African [...]
NBL FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2018
PERFORMANCE HIGHLIGHTS Revenue N$ 2.6 billion, down by 0.8% Operating profit N$ 613 million, up by 0.34% Profit after tax N$398 million, up by 25% Earnings per share 192.6 cents, [...]
FNB ANNOUNCES DATA FREE APP USE
In an effort to reduce costs and pave the way for all Namibians to bank anywhere, anytime without additional costs, FNB Namibia and partner MTC are proud to announce that the FNB App has [...]
BANK WINDHOEK APPROVES 7% ANNUAL SALARY INCREASES
Bank Windhoek is pleased to announce an average of 7% in salary increases for the 2018 remuneration period. “We are happy to have reached a mutual agreement on the percentage salary increases and additional employee [...]
OHORONGO PRODUCED CEMENT POWER WITH SOLAR ENERGY
The Minister of Mines and Energy Hon. Tom Alweendo, today (07 September) inaugurated Namibia’s first privately owned Independent Power Producer (IPP) solar PV plant that will supply power directly to an industrial customer without [...]
DEVELOPMENT BANK OF NAMIBIA CEO MARTIN INKUMBI HAS BEEN APPOINTED CEO OF THE BANK FOR ANOTHER FIVE YEARS
The Board of the Development Bank of Namibia has extended the tenure of CEO Martin Inkumbi for another five years. Inkumbi was initially appointed as CEO in 2013 following a period as Acting CEO [...]
NEDBANK NAMIBIA LAUNCHES PRIVATE WEALTH OFFERING
Nedbank Namibia launched its Private Wealth offering on Monday, 3 September. The offering will provide clients with personalised financial advice to always maintain financial stability, accumulate and grow their assets and wealth during challenging [...]
SAVE IN FOREIGN CURRENCY WITH AN FNB GLOBAL ACCOUNT
Have you dreamt of putting aside a little extra in a foreign currency for that once-in-a-lifetime holiday abroad? Or just simply being able to save and transact in foreign currency to avoid having all [...]
DEVELOPMENT BANK ANNOUNCES MASSIVE FUNDING FOR INNOVATION AWARD WINNER
Development Bank of Namibia (DBN) Head of Marketing and Corporate Communication, Jerome Mutumba has announced that the winning project in the Bank’s annual Innovation Award will receive N$1 million in funding. This, he says, [...]
BANK WINDHOEK AND NUST TO OFFER TRAINING TO ENTREPRENEURS
Bank Windhoek in collaboration with the Namibia University and Science Technology (NUST), through the Centre for Enterprise Development will host local entrepreneurs and small and medium enterprises (SME) for a start-up and SME seminar [...]
BANK WINDHOEK AND CAPRICORN ASSET MANAGEMENT PARTNER TO LAUNCH CAPRICORN PRIVATE WEALTH
Capricorn Private Wealth is a uniquely Namibian financial service offering, which amalgamates the very best that Bank Windhoek and Capricorn Asset Management have to offer to create a boutique financial offering that caters to [...]
BANK WINDHOEK OPENS OKAHAO BRANCH
Bank Windhoek officially opened its 55 th Branch in Okahao, Omusati Region on Monday, 13 August 2018. The newest Bank Windhoek Branch, was officially opened by the Governor of the Region, the Hon Erginus [...]
O&L CELEBRATES 2018 VALUE STARS
The Ohlthaver & List (O&L) Group on Friday, 10 August once again went all out in celebrating outstanding employees at its annual 14th O&L Value Star Award ceremony. This annual occasion celebrates employees’ contribution [...]
DUNDEE RAISES FUNDS FOR LOCAL CHARITY ORGANIZATIONS
Dundee Precious Metals Tsumeb hosted a Golf Fun Day at the Tsumeb Golf Course on Friday, 3 rd August 2017. The annual event is aimed at generating funds to support local charity organizations. Friday’s [...]
THE 2018 TOUR DE WINDHOEK
Namibia, the 2018 Tour de Windhoek is here! With 5 stages spread over three days. This 400 km road race stands as the pinnacle of the Namibian cycling calendar. Last year’s event saw the [...]
BANK WINDHOEK APPOINTS FREY AS HEAD OF INVESTMENT BANKING
Bank Windhoek announced that Gavin Frey has been appointed as its Head of Investment Banking within the Corporate and Institutional Banking Division effective Wednesday, 1 August 2018. He will be enhancing the Corporate and [...]
THE ROLE TOURISM PLAYS IN NAMIBIA
When one thinks about the tourism industry, what usually comes to mind are the tourism facilities along with transportation service providers. These players have a significant role to play to ensure tourists are accommodated [...]
LETSHEGO NAMIBIA ENCOURAGES PRODUCTIVE LENDING
Letshego continues to drive the development of solutions that are responsive, solves customer’s needs and reward productive financial behaviour. In testament to this, Letshego launched their third “Improving Life” campaign, a customer engagement and [...]
INDUSTRIALISATION GOES FURTHER WITH DEVELOPMENT FINANCE
Namibia’s industrialisation agenda involves reorganization of Namibia’s economy with the specific goals of manufacturing and value addition to Namibia’s natural resources, as well as establishment of the country as a regional transport and logistics [...]
NEW TARIFFS FOR MUNICIPAL BUILDING COMPLIANCE INSPECTIONS IN WINDHOEK
As from 1 July 2018, the Building Control Department of the Municipal Council of the City of Windhoek informed residents that compliance inspections will now be charged as follows: 1. Sellers who [...]
FIRSTRAND NAMIBIA MOTIVATES YOUTH TO LIVE MEANINGFUL LIVES
The FirstRand Namibia Foundation Trust recently held a Youth Workshop at Okondjatu and this year a short workshop session was introduced aimed at inspiring and motivating the learners of Okondjatu with a specific focus on [...]
OHORONGO BUILDIT ACADEMY DELIVERED NEARLY 300 TRAINED BRICKMAKERS
Over the past 2 years, nearly 300 Namibians have received training from the Ohorongo Buildit Brickmaking Academy on how to produce quality bricks. This was declared at the 14th brickmaking training session in Gobabis, [...]
PUPKEWITZ MOTORS COMMITTED TO EXCELLENCE WITH YOUNG TALENT DEVELOPMENT PROGRAM
Pupkewitz Motors recently held a celebration in honour of the Group’s young talent and their achievements. The event took place on Tuesday, 03 July at the Safari Hotel and was graced by the Honourable [...]
THE EUROPEAN UNION’S NEW LAW FOR PROTECTING DATA PRIVACY – THE GENERAL DATA PROTECTION REGULATION (GDPR)
On 25 May, the General Data Protection Regulation (GDPR) entered into force in the EU& 28 member states. The recent Facebook Cambridge Analytica scandal made us realize how important strong data protection rules are [...]
FNB HELPS ENTREPRENEURS NAVIGATE THROUGH HARSH ECONOMIC CLIMATE
The NCCI and FNB Namibia recently hosted an entrepreneurship breakfast at the coast under the heading “Navigating through the harsh economic climate”. Mare Steenekamp, Branch Manager at the local FNB Swakopmund Branch explained that [...]
FNB NAME CHANGE REFLECTS MULTI-BRANDING
FNB Namibia Holding's change of name to FirstRand Namibia Limited is set to reflect the multi-branded structure the group encompasses. The company will issue share certificates for all transactions reflecting the new name this [...]
OHORONGO & KAPTAU PUSHING TOWARDS 100% LOCAL VALUE ADDITION
Ohorongo Cement has entered into an agreement for the supply of locally produced 50kg paper packaging bags with a Namibia owned manufacturing Kaptau Packaging today (10 July 2018). The supply of the cement paper [...]
QUINTEN POTGIETER NEW CUSTOMER STRATEGY MANAGER AT FNB NAMIBIA
FNB Namibia’s marketing division welcomes Quinten Potgieter, new Customer Strategy Manager. Quinten holds an Honours degree in Hospitality and completed his MDP and SMDP from the University of Stellenbosch. “I am looking forward to [...]
COTA YOUTH CHOIR READY FOR WORLD CHOIR GAMES
The College of the Arts (COTA) Youth Choir Namibia will stage a World Choir Games Farewell Concert on Friday, 6 July 2018 at the Pionierspark Dutch Reformed Church in Windhoek, starting at 19h00. The [...]
BANK WINDHOEK SUPPORTS E-WASTE MANAGEMENT
Bank Windhoek recently collaborated with Kleentek Waste Management and Scrap Salvage on a reuse and recycle exercise of electronic waste which financially benefitted the Dagbreek School for the Intellectually Impaired. The initiative was facilitated [...]
NAMPOWER ASSISTS PARALYMPIC TEAM TO PARTICIPATE AT BERLIN GRAND PRIX
Nine para-athletes were awarded national colours at a ceremony held on 25 June 2018, ahead of their departure to Berlin, Germany to take part in the 2018 International Paralympic Committee (IPC) Grand Prix. The [...]
FNB WELCOMES NDAHAMBELELA NDOROMA, FAR NORTH CLUSTER AS AREA MANAGER
Ndahambelela has been appointed as the new Area Manager for the Far North cluster. She holds a BCom from the University of Cape Town and is a Chartered Accountant (registered in Namibia). Ndahambelela has [...]
Otjomuru Community Clinic Project
The Pupkewitz Foundation were very humbled by the opportunity to work with Honourable Dr Libertine Amathila on the Otjomuru Community Clinic Project. The building of this clinic and nurses accommodation was a passion project [...]
SECONDARY LISTING DAY
Old Mutual Limited made its primary listing on the JSE with the secondary listing on Stock Exchanges in Namibia, London, Malawai and Zimbabwe. This occassion is part of Old Mutuals journey of anchoring Old [...]
MILESTONE SIGNING FOR THE TOWN BUILT ON DIAMONDS
The MoA involves the transfer of all municipal services, assets, sales of land and existing improvements to the town council from Namdeb. It also gives residents an opportunity to own private property in Oranjemund. [...]
OHORONGO CEMENT: A GREEN GIANT
With zero emissions and no waste products, Ohorongo Cement is one of the world’s most environmentally friendly factories. Its state-of-the-art machinery ensures that the factory uses 99 percent of the raw materials produced at [...]
LETSHEGO BANK LEADS WITH ITS LETSGO CUSTOMER-CENTRIC FINANCIAL SOLUTION
Accessing a transactional account or what Letshego terms, a “flexible financial solution”, is a first step towards broader financial inclusion, as customers can save funds as well as pay and get paid. Letshego Bank [...]
CAPRICORN GROUP, A NAMIBIAN SUCESS STORY
It was a time of instability and a time for entrepreneurial ingenuity - it was the year 1982 - an era much like the present one, full of volatility in the economic and financial [...]
BANK WINDHOEK OPEN FOR BUSINESS IN OKAHAO
Bank Windhoek is pleased to announce the opening of its Okahao Branch, a sub-branch of our Oshakati Branch, in the Omusati Region on Wednesday, 20 June 2018. Bank Windhoek’s Okahao Branch expands the Bank’s [...]
CAPRICORN GROUP SUPPORTS JOURNALISTS IN SHARPENING FINANCIAL REPORTING SKILLS
Capricorn Group hosted the last of a 3-part Financial Journalism Workshop series which media practitioners from the broadcast, print and digital sphere attended to sharpen their financial reporting skills. A first of its kind, [...]
TRANSFER PRICING BREAKFAST SEMINAR
The guest speakers for the seminar hosted by PwC Namibia in Windhoek is JP Borman, PwC South Africa Partner in Transfer Pricing and Thulani Shongwe, Head of Domestic Resource Mobilisation from Africa Tax Administration [...]
HOUSE PRICES CONTRACT FOR A THIRD STRAIGHT MONTH
“House prices contracted for a third straight month in March by 8.8% y/y, the sixth contraction in the last seven months,” announces Josephat Nambashu, Analyst at FNB Namibia in the March edition of the [...]
IPSAS BREAKFAST SEMINAR
The guest speaker to a breakfast seminar hosted by PwC Namibia in Windhoek is Hayfron Aboagye, an Associate Director from the PwC Ghana Office. He holds a Masters degree in Public Administration and is [...]
NAMIBIA DAIRIES (ND) CELEBRATES MILK MONTH
The Monte Christo Project Primary School and Dr. Abraham Iyambo Primary School in Windhoek; and Kalkrand Primary School (KPS), A.A. Denk Memorial School as well as the St. Patrick’s Primary School in the Hardap [...]
BANK WINDHOEK INTRODUCES WOMEN IN BUSINESS FINANCIAL SOLUTION
Bank Windhoek, a proud member of Capricorn Group, today proudly announces the introduction of our new Women in Business financial solution. Managing Director, Baronice Hans says: “Bank Windhoek takes pride in being a catalyst [...]
NAMDEB RECOGNISED FOR EQUITY AND GENDER EQUALITY COMMITMENT
On the evening of the 5th June 2018, Namdeb received the prestigious Gender is My Agenda Campaign (GIMAC) award for the Private Sector category, through the Ministry of Gender Equality and Child Welfare. The [...]
REVAMPED NAMLEISURE CARDS TO ENCOURAGE DOMESTIC TOURISM & BENEFIT STUDENTS
Namibia Wildlife Resorts (NWR) expanded their NamLeisure products and will also now offer a student package. The NamLeisure student card is life made easier and affordable for students who want to explore the country. [...]
WINTER KNIGHTS PROJECT NOW ALSO ON FNB HAPPINESS STORE
This coming Friday, 8 June 2018 the Round Table and various private companies will once again collect cash or in-kind donations for the Winter Knights project which benefits marginalised communities all over Namibia. As [...]
CONSERVATION AND TOURISM THRIVE TOGETHER
For nearly four decades the Cheetah Conservation Fund (CCF) of Namibia through its landmark research and conservation programmes has underscored the robust link and crucial importance between conservation, tourism and people to achieve a [...]
OMBA ARTS TRUST CONTRIBUTES TO POVERTY ALLEVIATION
The Sustainable Development Goals (SDGs), as set out by the United Nations, are a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and can prosper. [...]
THE FUEL MEDIA RELEASE FOR THE MONTH OF JUNE 2018
Please see the Fuel Media Release for the Month of June 2018 here Fuel Media Release June_ 2018
LICENSES, RIGHTS AND PERMITS APPLICATION GUIDELINES AND ASSESSMENT PROCEDURES
DOWNLOAD: Licenses and Rights Application Guidelines and Assessment Procedures Final Public Notice
WORKPLACE MENTORING AS A TOOL OF EMPOWERMENT
Much has been written about mentoring in past years. Mentoring is best described as a developmental process - dynamic and unique to each person. Mentoring is not only a tool for transferring knowledge and [...]
NEW TRANSFORMERS TO CATER FOR GROWING ELECTRICITY DEMAND
As part of its Transmission Master Plan, which is aimed at planning for the future of the national electrical transmission system, NamPower continues to maintain and upgrade its transmission infrastructure, while expanding it to [...]
DEVELOPMENT BANK LOAN FOR ERONGO RED FINANCE FOR MASS HOUSING AND WATERFRONT ENERGY SUPPLY
The Development Bank of Namibia (DBN) has provided an additional N$150 million for Erongo RED. The amount is being used to finance additional second phase electricity distribution requirements for the Swakopmund mass housing development, [...]
FNB SUPPORTS KARIBIB TRAVEL & AMP; TOURISM FAIR
FNB Namibia has sponsored N$25 000 toward the fifth Karibib Travel and Tourism Fair. The Fair will this year be held under the theme “Karibib: Building heritage and tourism” and is scheduled to take [...]
OHORONGO ENSURES NON-RECYCLABLE MATERIALS DOES NOT END UP IN LANDFILLS
Ohorongo Cement will ensure that selected non-recyclable materials collected during-, and after the upcoming National Clean-Up Day, does not end up in landfills. Many towns in Namibia are currently struggling to properly dispose of [...]
PICK N PAY LAUNCHES NEW AND IMPROVED WERNHIL STORE
With the Mayor of the City of Windhoek, Muesee Kazapua as special guest, Pick n Pay (PnP) Namibia – a subsidiary of the Ohlthaver & List (O&L) Group - on Monday, 21 May 2018 [...]
EFFECTIVELY TACKLING INNOVATION RISK FUEL ORGANISATIONAL GROWTH
Seventh annual PwC report shows how risk leaders around the world are effectively addressing challenges that accompany innovation. As technological innovation continues to revolutionise the business landscape, organisations are grappling with newfound risks and [...]
LETSHEGO BANK NAMIBIA LAUNCHES LETSGO – ALL-IN-1 EASY ACCESS FINANCIAL SOLUTION
In line with our brand promise to increase access to simple, accessible and appropriate financial solutions, Letshego Namibia is launching ‘LetsGo’ – an all-in-1 solution to our customers in Windhoek, which enables customers to [...]
PUPKEWITZ FOUNDATION INVESTS IN EDUCATION
On Wednesday, 31 January 2018 the Pupkewitz Foundation handed over four new classrooms and a multi-purpose room worth N$1.3 million to the Groot Aub Primary School. The PUPKEWITZ FOUNDATION has been playing a strong [...]
DUNDEE PRECIOUS METALS ACCELERATES GOVERNMENT’S EFFORT TO PROMOTE ECONOMIC EMPOWERMENT FOR ALL NAMIBIANS
Dundee Precious Metals Inc. (“DPM”) is pleased to announce that it has entered into an agreement to transfer an 8 per cent ownership interest in Dundee Precious Metals Tsumeb (Pty) Ltd. (“DPMT” or the [...]
FNB HOLDS INNOVATION CONFERENCE
FNB Holdings recently hosted a four-day Innovation Conference coinciding with the International Innovation and Creativity Week. The conference focused on process optimization and trained internal Innovation Champions. “Known for being the most innovative bank [...]
DEVELOPMENT BANK STRENGTHENS ANTI-FRAUD REPORTING
The Development Bank of Namibia (DBN) has strengthened its fraud reporting mechanisms, says Senior Manager: Corporate Communication, Jerome Mutumba. In terms of improved fraud reporting, the Bank has outsourced its reporting channels to local [...]
NWR APPOINTS TWO WOMEN TO EXCO
Namibia Wildlife Resorts (NWR) has appointed Talita B Horn as its new Chief Financial Officer (CFO) as well as Julia Mutumbulua as its new Chief Human Capital Officer (CHC) as of the beginning of [...]
NAMIB MILLS LAUNCHES NEW INSTANT TOP SCORE MAIZE PORRIDGE
Namib Mills, under Top Score, the leading maize meal brand in the country, this week launched its brand new range of Instant Maize porridge. This new Instant Maize porridge will eliminate the cooking time [...]
OMBEPO WIND FARM COMMISSIONING
OPENING SPEECH BY THE HON. TOM ALWEENDO MINISTER OF MINES AND ENERGY ON THE OCCASION OF THE LAUNCH OF THE OMBEPO 5 MW WIND FARM It is with great pleasure that I attend the [...]
NAMIBIA RANKED SECOND BEST COUNTRY IN AFRICA WHEN IT COMES TO PROTECTING THE FREEDOM OF THE PRESS
Namibia is proud to be ranked as the second best country in Africa and 26th in the world when it comes to protecting the freedom of the press, according to the 2018 Press Freedom [...]
ONDUNDU RECEIVES RAINCOATS VALUED AT N$40 000.00
Learners at Ondundu Primary school can now attend classes regardless of the weather as the school received raincoats to the value of N$40 000.00 from Dundee Precious Metals Tsumeb on Wednesday, 18th April 2018. [...]
NAMIBIA TO HOST NEYMAR JR FIVE SOCCER TOURNAMENT
Red Bull Namibia in partnership with Bank Windhoek as the main sponsor, Snickers, NBC and Fresh FM is proud to announce the Neymar Jr's Five soccer tournament. The road to the third Neymar Jr's [...]
DOWNLOAD BUDGET SPEECH 2018/2019
Download Budget Speech PDF Honourable Chairperson of the Whole House Committee Honourable Members of the National Assembly 1. It is my honour to introduce to this August House the budget allocation for vote [...]
NAMDEB SHIFTS EXPLORATION FOCUS TO SHALLOW INSHORE EXTENSIONS OF EXISTING ON-LAND LICENCES
It is not generally known that Namdeb’s onshore mining licences include certain inshore extensions, but these previously untapped areas are now the focus of a pre-feasibility to estimate the cost versus recovery potential in [...]
BANK WINDHOEK TO FOCUS ON GREEN FINANCING
Bank Windhoek will be showcasing its Corporate and Institutional Banking Services at this year’s Mining Expo hosted by the Namibia Chamber of Mines from 25 to 26 April 2018. This year, the focus will [...]
OHORONGO OTAVI COMMUNITY TRUST EQUIPS KATUTURA STATE HOSPITAL
Ohorongo Otavi Community Trust (OOCT), in collaboration with the Support Ulm e.V. donated medical equipment to the value of N$1.2 Million to the Katutura State Hospital (14 March 2018). The equipment, consisting of 140 [...]
SUCCESS FOR MELKI WITH HELP OF PAY AND RMB NAMIBIA
Melkesedek Hamukoto, known as Melki, always dreamt of becoming a pilot. His environment sometimes made him feel as though his dream was unattainable. “My dad, however, instilled responsibility and a go-getter mindset in me [...]
CHOOSING YOUR BUSINESS PARTNER
By Mbo Luvindao: Manager at Bank Windhoek’s Emerging Small-to-Medium Enterprises Finance Branch When starting a business, choosing the correct partner will play a key role in determining the future success of your enterprise. A partnership [...]
GIPF INCREASES PENSION BENEFIT BY 5.5%
The Government Institutions Pension Fund (GIPF) Board of Trustees approved a pension increase of 5.5% for its pensioners effective 01 April. The historic pension increases granted to existing pensioners of the Fund over the [...]
FIVE CONSIDERATIONS FOR START-UPS LOOKING FOR FUNDING
Five considerations for start-ups looking for funding Many entrepreneurs and SME’s consider funding to be a major stumbling block when it comes to starting or growing a business. In this tough environment where a [...]
NTA PARTNERS WITH LaRRI
The Namibia Training Authority (NTA) has entered into a Memorandum of Understanding with the Labour Resources and Research Institute (LaRRI). Amongst others, the agreement provides a framework within which the two parties can develop [...]
NBL CONTRIBUTES TO INDEPENDENCE CELEBRATIONS FOR EMBASSIES ABROAD
Namibia Breweries Limited (NBL) – a subsidiary of the Ohlthaver & List (O&L) Group - on Friday, 02nd of March 2018 handed over 360 cases of its World Premium Beer, Windhoek Lager to the [...]
FNB NAMIBIA WINS EIGHT PMR AWARDS
FNB Namibia wins eight PMR Awards On Monday, 12 March 2018 FNB Namibia proudly accepted a total of eight PMR awards in a variety of categories. New awards for agriculture and corporate citizen basis [...]
NAMIBIA PLASTICS GROUNDBREAKING
NAMIBIA PLASTICS OFFICIALLY LAUNCHES THE CONSTRUCTION OF A N$95 MILLION PLASTIC MANUFACTURING PLANT Officiated by the Minister of Industrialization, Trade & SME Development, Tjekero Tweya, the 2660 Squares state-of-the-art manufacturing plant at Brakwater - [...]
NEDBANK INTRODUCES SME SUPPORT DIVISION
NEDBANK Namibia has rolled out a new small and medium enterprises (SME) division to all their branches across the country. The SME division was introduced last year and aims to empower SME's by providing [...]
RMB HOSTS GLOBAL MARKET SEMINAR
RMB Namibia hosted its Global Markets Seminar under the theme Namibian Commodities in the Face of Global Change. Isaah Mhlanga from RMB SA Economist and Namene Kalili, Senior Economist at FNB Holdings prvided the [...]
ADVANTAGE Y&R MAKE A MEANINGFUL IMPACT
The Cannes Lions Festival of Creativity is the world's most prestigious Advertising Awards, and the competition for prizes is fierce. One piece of work entered by Advantage Y&R caused a stir and garnered plenty [...]
OHORONGO GOES SOLAR
Ohorongo Cement took another step into the renewable energy sphere with the groundbreaking of the construction of a 5 MW Solar PV plant on World Environment day (5th June) at its farm Sargberg plant near Otavi.