Author: Staff Writer
Namibia’s First Africa Hospitality Investment Forum Secures N$500,000 Sponsorship
By: Staff Writer The Africa Hospitality Investment Forum (AHIF) 2024 has secured a N$500,000 sponsorship from O&L Leisure. The event is expected to bring over 300 hospitality industry investors, business leaders, government officials, and expert advisors from across the…
Hyphen Invests N$40.4 Million in MetMast Measuring Equipment
By: Staff Writer Hyphen Hydrogen Energy is investing N$40.4 million (€2 million) in its MetMast Measuring Campaign, utilising meteorological masts (MetMasts) to precisely model the energy yield of wind and solar resources for the optimised design of a…
Namibian Economy Expected to Slow by 3.7% This Year
By: Staff Writer The Bank of Namibia projects that the economy will decelerate to 3.7% in 2024 before rebounding to 4.1% in 2025. The central bank attributes this anticipated slowdown primarily to weaker global demand and slower growth…
Mbumba Calls on Southern Leaders to Promote Youth Education for Emerging Sectors
By: Staff Writer President Nangolo Mbumba has called upon leaders in the southern regions to prioritise education for their youth, emphasising the importance of higher education in preparation for the burgeoning green hydrogen and oil and gas sectors set…
Old Mutual Group Reports N$91 Million Increase in Investment Returns in Namibia
By: Staff Writer The Old Mutual Group has announced a significant increase of N$91 million in its investment returns in Namibia for the year 2023 compared to the previous year. This was primarily fueled by higher interest rates…
New CRAN Appointment Aims to Bolster Cybersecurity Defences
By: Staff Writer The Communications Regulatory Authority of Namibia (CRAN) has appointed Information Security Specialist Cornelia Shipindo as its new Cybersecurity Manager. Shipindo joins CRAN from Capricorn Group, where her role as an Information Security Specialist was pivotal…
Paladin Achieves Commercial Production at Langer Heinrich After Six Years
By: Staff Writer Uranium producer Paladin Energy has announced the successful commencement of uranium concentrate production and drumming at the Langer Heinrich Mine (LHM). Earlier in January, The Villager reported that the company secured a N$2.8 billion loan…
Namibia’s Exports Halved, Trade Deficit Doubles
By: Staff Writer Namibia experienced a stark decline in exports last month, with trades plummeting from N$12.0 billion in January 2024 to N$6.1 billion, exacerbating the country’s trade deficit, which more than doubled. The significant decrease of 48.9% was…
O&L Group CEO and CCO to Step Down
By: Staff Writer Ohlthaver & List (O&L) Group has announced the resignations of their Chief Executive Officer (CEO), Wessie van der Westhuizen, and Chief Culture Officer (CCO), Sonja Thieme, effective 30 April 2024. In an internal communication shared…
Water Scarcity in Windhoek Reaches Critical Levels
By: Staff Writer The Windhoek Municipality faces an imminent threat of escalating water scarcity, with consumption rates soaring by 10%, rather than achieving the targeted 10% reduction. This worrying trend could prompt the declaration of a more severe…