Author: Staff Writer
MTC Supports Luderitz Crayfish Festival with N$115,000 Donation
By: Staff Writer The Mobile Telecommunications Ltd (MTC) has extended its Corporate Social Responsibility efforts to the ||Karas region with a generous commitment of N$115,000 to support the successful hosting of the renowned Luderitz Crayfish Festival. The company’s…
Windhoek Allocates 227 Erven for New Township
By: Staff writer The Windhoek Municipality has earmarked 25 hectares, comprising 227 erven, for the establishment of a new township within the city, to be named Rocky Crest Extension 8. This initiative by the City of Windhoek aims…
Increased Transaction Fees and Loan Book Expansion Drive Capricorn Group’s Profits
By: Staff Writer Capricorn Group, the parent company of Bank Windhoek, has reported a substantial increase in profits after tax, amounting to N$827.6 million for the period between July 1st and December 31st last year. This marks an 18.5%…
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…