Author: Dolly Menas
Bank Windhoek Sells N$188 Million Worth of Property in Northern Namibia
By: Dolly Menas Bank Windhoek says it sold 142 properties valued at N$188 million through estate agents in northern Namibia last year, a substantial increase from N$88 million in 2021. This achievement was announced by James Chapman, Executive Officer…
Old Mutual Launches Third Edition of OM SEED to Empower Entrepreneurs
By: Dolly Menas The Old Mutual Foundation has launched the third edition of the Old Mutual Sustainable Economic and Empowerment Drive (OM SEED), investing N$800,000 to support grassroots entrepreneurs in the Ohangwena, Zambezi, Oshikoto, and Kavango West regions….
Bank Windhoek Honors Automotive Industry Achievements in Northern Namibia
By: Dolly Menas Several northern automotive industry sales representatives received top honours at Bank Windhoek’s fourth Annual Northern Selekt Sales Awards hosted in Oshakati. Petrus Enkali of Pupkewitz Toyota Oshakati, Augustus Joseph of Pupkewitz Nissan Oshakati, and Hendrik Johannes…
Letshego’s N$260 Million Social Bond to Focus on Housing, SMEs
By: Dolly Menas Letshego Holdings Namibia has launched its first social bond on the Namibia Stock Exchange, valued at N$260 million. This bond aims to support underserved individuals, micro and small entrepreneurs, and small business owners. Additionally, the company…
Bank Windhoek Assists 137 SMEs in N$200 Million Loan Scheme
By: Dolly Menas Bank Windhoek has announced the full utilisation of the N$200 million allocated under the Small and Medium-sized Enterprises (SME) Economic Recovery Loan Scheme. Bianca Janse Van Vuuren, the bank’s head of small and medium-sized enterprises…
Paratus Group and BSO Forge Bond to Revolutionise High-Speed Connectivity
By: Dolly Menas Paratus Group has joined forces with BSO, a global infrastructure and connectivity provider for financial institutions, to herald a new era of connectivity with Paratus’ newly launched Express Fibre Route. This collaboration marks a significant…
Bankers Urges Compliance with Beneficial Ownership Information Requirements
By: Dolly Menas The Bankers Association of Namibia (BAN) and Namibia Savings and Investments Association (NASIA) have jointly called upon all companies to adhere to Beneficial Ownership (BO) information requirements to uphold regulatory transparency. Beneficial ownership information entails…
Bank Windhoek and NASRIA in N$50 Million Partnership to Boost SMEs
By: Dolly Menas Bank Windhoek and the Namibia Special Risks Insurance Association (NASRIA) Ltd have entered into a partnership agreement valued at N$50 million under the Credit Guarantee Scheme (CGS) to bolster support for SMEs. This collaborative effort…
AAC Targets 5,000 Jobs Through Salmon Production
By: Dolly Menas Following the successful bid for an Offshore Commercial Phase licence for what would be Sub-Saharan Africa’s first commercial salmon farming and production facility, Norway’s African Aquaculture Company (AAC) expects to create 5,000 jobs. The company…
Paratus Group Completes Fastest Fiber Route Linking Johannesburg to Europe
By: Dolly Menas Paratus Group has announced the completion of the fastest fibre express route from Johannesburg to Europe, marking a significant step forward in bolstering connectivity between Africa and Europe. Spanning 1,890 kilometres and linking Johannesburg, Botswana,…