Category: Business
About 30% of the Rural Population Has No Access To Financial Services
By: Nghiinomenwa-vali Erastus MINISTER of Urban and Rural Development Erastus Uutoni has called on stakeholders in the financial service sector to make their services available to people in the rural areas to allow them to fully participate in the…
Renewable Energy Funding Dominates Bank Windhoek’s Sustainability Lending
By: Nghiinomenwa-vali Erastus Bank Windhoek has provided financial support for a total of 59 projects valued at N$57.6 million across Namibia from 2022 to 2023, with 54 of these projects dedicated to Renewable Energy. The remaining four projects…
Local Brewery to Invest N$65,4 Million in Solar Thermal Technology
By: Hertha Ekandjo ABInBev Welwitschia Brewery, a local brewery, has announced a N$65.4 million investment in Solar Thermal Technology to be established in Okahandja. The brewery’s objective is to reduce its carbon footprint by approximately 700 tons of…
Spectrum Auction Winners Instructed To Expand 4G Coverage
By: Nghiinomenwa-vali Erastus THE successful bidders for radio frequency spectrum in the 703-788 MHz and 790-862 MHz bands, announced last week, have been directed to increase 4G coverage to a minimum of 80% in six regions. This directive comes from…
Namibia’s exports surge over eight months in 2023
By: Justicia Shipena Namibia’s export sector has experienced a notable upswing, totaling N$67,2 billion, in the first eight months of 2023. This was revealed by the Namibia Statistics Agency (NSA) in its latest trade statistics report released yesterday. The report…
Bridging the Funding Gap for Namibian MSMEs and Startups
By: Jeronimo NghilunanyeKateya and KandjengokaMkwaanyoka Namibia’s high unemployment rate is a major concern, and entrepreneurship is often seen as a key solution to this problem. However, many Namibian entrepreneurs face challenges in accessing funding, which can hinder their ability…
Namfisa Saw 4.2% Decline in Assets in 2022/23
By: Hertha Ekandjo The Namibia Financial Institutions Supervisory Authority (NAMFISA) has recorded a 4.2% decrease in its total assets for the 2022/2023 financial year. Namfisa`s assets decreased by N$13.5 million from N$318.1 to N$304.6 million as at 31 March 2023….
Stage Audio Works Integrates AV Conferencing System At MTC
By: Staff writer Mobile Telecommunications (MTC), working with Stage Audio Works (SAW), has its AV systems overhauled at the headquarters in Windhoek. MTC needed technology upgrades and corporate AV systems to enhance communication and collaboration in several departmental boardrooms….
Namdia Records 24.9% Increase In Carats Purchase For 2022/23
By: Hertha Ekandjo Namibia’s diamond sales and marketing entity, Namib Desert Diamonds (Namdia) concluded nine diamond sales, with its purchase entitlement increasing by 24.9% from 222,978 to 278,609 carats during the 2022/2023 financial year. This was revealed by the Namibia’s…
Angel Network Invests In Local Cosmetics
By: Nghiinomenwa-vali Erastus Ilotu Cosmetics, an all-Namibian cosmetic company, that specialises in the production of essential oil based products, has received a boost from an angel investor who purchased a stake in the company, the Namibia Business Angel Network (Naban)…