Author: Staff Writer
BoN Enhances Tools to Monitor Non-Performing Loans
By: Staff Writer The Bank of Namibia (BoN) has introduced advanced supervisory measures to strengthen the stability and resilience of the banking sector. Guided by the Basel Core Principles, the updated Early Warning System (EWS) and Prompt Corrective…
TotalEnergies Crowns 2024 Startupper of the Year Winners
By: Staff writer TotalEnergies awarded the Namibian winners of the Start-upper of the Year Challenge at the Mercure Hotel in Windhoek on Wednesday evening. Young and striving entrepreneurs from 32 African countries could participate in the challenge’s fourth edition….
Blue Earth Capital N$198 Million Investment To Fuel Rhino Park Expansion Plans
By: Staff writer Global specialist investor Blue Earth Capital has committed N$198 million ($11 million) in private credit to Rhino Park Holdings, a specialist in maternity and neonatal healthcare. The funding will work to catalyse Rhino Park’s ambitious expansion…
Care For the Elderly, the Measure of a Nation, Says PM
By: Staff writer Prime Minister Saara Kuugongelwa-Amadhila says that a nation’s civilisation is not measured by the level of its economic advancement, but by the way it cares for its vulnerable. In this regard, she said government has adopted…
Trustco Group Holdings Seeks U.S. Stock Listing
By: Staff Writer Trustco Group Holdings Limited has announced its intention to become the first Namibian company to be listed on the Nasdaq Stock Market. Currently trading on the Namibian Stock Exchange (NSX) and the Johannesburg Stock Exchange…
Kelp Blue Plans to Issue Africa’s First Corporate Blue Bond
Bloomberg Kelp Blue plans to issue Africa’s first corporate blue bond next year to expand its giant kelp forests along Namibia’s coast. The De Beers-backed startup will list the first $20-million tranche of a four-year programme, in which it seeks…
Namibia Grape Company Generates 2,000 Jobs … pens 2045 Capespan contract renewal
By: Staff writer The National Youth Service-owned Namibia Grape Company (NGC) has generated nearly 2,000 seasonal and full-time jobs. This is according to Youth, and National Service Minister Agnes Tjongarero, who applauded the project’s role in job creation and…
NACN Disburses N$673,552 to Support Creative Projects
By: Staff Writer The National Arts Council of Namibia (NACN) has allocated N$673,552 to creative projects as part of Cycle 3 of its grant-funding program. This round follows earlier disbursements of N$615,206.50 to 16 projects in Cycle 1…
NamPost Launches Digital Banking …assets rise to N$8.1 billion
By: Staff writer Namibia Post Limited (NamPost) has gone digital, launching its MyNamPost Banking App and Internet Banking platforms last week. The move aims to give customers convenient, real-time access to financial services from anywhere. The new digital platforms will…
Vehicle Sales Sector Recovery Not Guaranteed
By: Staff Writer The vehicle sales sector experienced a 2.4% year-on-year (y/y) decline in the 12 months ending in September 2024. According to analysts from IJG, this decline was largely driven by a continued drop in demand for passenger…