Author: Staff Writer
FNB Partners With Namibia Development Trust for World NGO Day
By: Staff Writer FNB Namibia recently collaborated with the Namibia Development Trust (NDT) to commemorate World NGO Day 2024, honouring individuals dedicated to humanitarian causes. World NGO Day was observed on February 27 and 28, focusing on the…
China’s Yintai Gold Acquires Osino Resources for N$5.2 Billion
By: Staff Writer Chinese mining company Yintai Gold has emerged as the foreign entity that persuaded Osino Resources to abandon Dundee Precious Metals’ N$4 billion takeover offer in favour of its superior N$5.2 billion cash acquisition. Yintai Gold’s…
Demand for Otjomuise Plots Surges … but outlook for construction sector remains gloomy
By: Staff Writter Otjomuise has emerged as a hotspot for construction activity, recording the highest value of approved house plans by the City of Windhoek for January 2024, totaling N$18.2 million. Financial analysts at Simonis Storm Securities attribute…
Grey-listing Could Negatively Affect Namibia’s GDP by 6%
By: Staff writer Namibia’s recent grey-listing by the anti-money laundering watchdog Financial Action Task Force (FATF) could have a detrimental impact on the country’s Gross Domestic Product (GDP) by up to 6%. The grey-listing occurred on Friday following a…
Osino Resources Rejects Dundee’s N$5.1 Billion Takeover Bid
By: Staff Writer Osino Resources, a Canadian gold miner, has opted to turn down a recent takeover bid by Dundee Precious Metals in favor of accepting an offer from an undisclosed foreign-based mining company. In a statement released…
African Energy Chamber to Launch Namibia Trade Mission
By: Staff Writer The African Energy Chamber is gearing up to launch a trade mission to Namibia from April 23-25, aimed at promoting business opportunities within the country’s energy industry. In partnership with the Namibia International Energy Conference…
Brighter Outlook for Namibia’s Tourism Sector in 2024 …Over 500k Visitors in 2023
By: Staff Writer The tourism sector is poised to be a standout performer in Namibia’s economy in 2024, according to analysts. This optimistic outlook is bolstered by key events like the Africa Hospitality Investment Forum (AHIF) and the…
Bank Windhoek Appoints Ngula as Head of e-Money
By: Staff Writer Bank Windhoek has announced the appointment of Candy Ngula as its new Head of Electronic Money (e-Money). In her new role, Ngula will lead the charge in driving the value of e-Money while overseeing its…
Keetmanshoop, MTC Ink Smart Partnership
Staff writer The Municipality of Keetmanshoop and the Mobile Telecommunication Company (MTC) on Friday signed a Memorandum of Understanding (MOU) which will see the two parties provide digital service solutions to the town’s populace. The agreement was prompted by the…
Ride-Hailing Giant Bolt to Onboard 200 Drivers in Namibia
Staff Writer Estonian ride-hailing behemoth, Bolt, has launched a pilot project service in Namibia, with plans to onboard over 200 drivers. The company has declared a commission-free period for the initial six months. This expansion is a strategic…