Category: Finance
Opinion: Will You Win the Black Friday Deals?
By: João Bismarck It’s a warm November morning in Windhoek, and the streets are alive with anticipation. Some Namibians have saved diligently for the day, while others have sought assistance from financial institutions. Black Friday, the global shopping phenomenon, is…
Opinion: AI In Namibia’s Fight Against Money Laundering: The Silent Revolution
By: Karischa Schmidt Money Laundering If those two words do not get your heart racing, you are probably not paying enough attention. As countries scramble to tighten their defences, Namibia stands at a crossroads, harnessing the power of…
Opinion: Estate planning: Expenses to be considered for a deceased estate
By: Letitia Du Plessis A deceased estate refers to the property and money left behind by a person after they passed on. A critical part of estate planning is ensuring that there is sufficient cash in your estate to…
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…
Namibia Hydrogen Fund to Invest in HyIron’s Oshivela Project
By: Nghiinomenwa-vali Erastus Namibia Hydrogen Fund Managers has committed development funding to HyIron’s Oshivela Project, aiming to boost green iron production using hydrogen instead of carbon. Announced in a joint statement last week, the investment seeks to expand…
Govt Lowers Expected Diamond Sector Revenue by N$2.3 Billion
By: Hertha Ekandjo The government has reduced its projected revenue from the diamond sector for the 2024/2025 fiscal year by more than N$2.3 billion, citing lower global diamond prices and weakened demand. Minister of Finance and Public Enterprises Iipumbu…
Langer Heinrich Local Spending Exceeds N$1.15 Billion
By: Justicia Shipena The Langer Heinrich Mine (LHM), has spent just over N$1,15 billion (US$61 million) over the past financial year, through the acquisition of local various products and services to strengthen its operations. This investment follows the…
Nine of 13 FATF Recommendations Partially Addressed … compulsory reporting to begin next month
By: Hertha Ekandjo Namibia has made notable strides in addressing the Financial Action Task Force (FATF) greylisting, having partially fulfilled nine of the 13 recommended actions in a voluntary progress report presented at the recent FATF plenary meeting…
Grove Mall Records N$18 Billion Turnover in 10 Years
By: Hertha Ekandjo The Grove Mall has achieved a remarkable milestone, recording a turnover of N$18 billion in its 10 years of operation since opening its doors in Windhoek in 2014. Over this period, the mall has employed…
Pooled Procurement Solution to Address Medicine Shortages … shortage of local manufactures to meet pressing needs
By: Abigail Nalisa The Central Procurement Board of Namibia (CPBN) has highlighted significant challenges in local manufacturing, leading to delays in delivering essential services to the Health Ministry. Health Minister Kalumbi Shangula has previously criticised the current procurement system,…