Author: Nghiinomenwa-vali Erastus
Midgard Resort Begins With Upgrades and Renovations
By: Nghiinomenwa-vali Erastus O&L Leisure has announced the commencement of upgrades and renovations at their Midgard resort, in response to Namibia’s evolving status as a premier destination. The Group disclosed this development in a press release issued last…
Letshego Turns to Local Borrowing to Reduce Dependency on Parent Funding
By: Nghiinomenwa-vali Erastus Letshego Holding Namibia has augmented its local borrowing to N$3.1 billion by the close of 2023, up from N$2.5 billion, aimed at fueling its expansion while decreasing reliance on parent funding. In its 2023 financial…
Inflation-Linked Bond Investors to Receive N$63,1 Million Coupon Next Month
By: Nghiinomenwa-vali Erastus Investors holding the government’s inflation-linked GI27 and GI33 bonds are set to receive their first coupon/interest payment for the year on April 15, 2024. The total interest payment amounts to N$63.1 million, which will be…
GIPF Collaborates With Local Film Industry for Educational Series
By: Nghiinomenwa-vali Erastus The Government Institutions Pension Fund (GIPF) has forged a partnership with the local film industry to produce its latest edutainment television series, confirmed last Friday. Despite being considered a low-hanging economic fruit, Namibia’s film industry…
Resource Distribution and Inequality Identified as Potential Conflict Sources in Namibia
By: Nghiinomenwa-vali Erastus The African Peer Review (APR) Mechanisms Namibia Country Review 2022 Report, released earlier this year, has underscored social economic conditions in Namibia, particularly issues concerning resource distribution and inequality, as potential sources of conflict. Highlighted…
Uranium Exploration Surges in Namibia’s Southern Regions
By: Nghiinomenwa-vali Erastus Namibia has of late been experiencing a surge in uranium exploration, with a notable uptick in licensing applications dedicated to the search for nuclear fuel minerals. This trend was revealed in a recent analysis conducted…
Namibia’s Oil and Gas Potential Attracts OPEC’s Attention
By: Nghiinomenwa-vali Erastus The forthcoming Namibian International Energy Conference (NIEC) is set to host a distinguished guest next month, with Haitham Al Ghais, Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), slated to attend. The African…
Capricorn Foundation Commits N$1 Million to Towards Desert-based Economy
By: Nghiinomenwa-vali Erastus In a bid boost to the RuralRevive initiative aimed at building economic advancement and sustainable development in the Maltahöhe community, the Capricorn Foundation has pledged N$1 million towards the cause. The partnership between Capricorn Foundation…
Rössing Foundation Donates to COSDEC in Swakopmund
By: Nghiinomenwa-vali Erastus The Community Skills Development Centre (COSDEC) in Swakopmund recently received a substantial boost with training equipment and tools valued at N$50,000 from the Rössing Foundation. Maria Immanuel, the Foundation’s Manager for Community Development, provided updates…
IUM Announces Expansion Plans
By: Nghiinomenwa-vali Erastus The International University of Management (IUM) plans to invest in educational infrastructure, with proposals for the construction of a Research, Training, and Conference Centre in Swakopmund on the coast, and the development of a new…