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Financial Resilience: Strategies for Navigating Economic Uncertainty in the New Year
By: Jo-Ann van Wyk Stepping into a new year requires more than ordinary financial planning, especially in the ever-changing landscape of economic challenges. Financial resilience emerges as a systematic strategy to navigate unpredictable market dynamics, geopolitical developments, and…
RMB Namibia Scoops Best Foreign Exchange Bank Award
By: Joseph Jeremia RMB Namibia has scooped the prestigious Best Foreign Exchange Bank award in the country at the 24th annual Global Finance’s World’s Best Foreign Exchange Banks, part of the esteemed Gordon Platt Foreign Exchange Awards. These awards…
Bankers’ Association Advises Public on Avoiding Repossession
Staff writer The financial challenges associated with an economic downturn can lead to distressing consequences, with asset repossession being one of the most concerning for consumers. In response to this, Brian Katjaerua, the CEO of the Bankers’ Association of…
Paladin Energy Gets N$2.8 Billion Loan to Restart Langer Heinrich Mine
By: Staff Writer Australian mining company Paladin Energy has secured a N$2.8 billion syndicated debt facility in preparation for the restart of the commercial production at its Langer Heinrich uranium mine in the Erongo region. The debt facility…
TransNamib Hunts for a Lender’s Technical Advisor
By: Hertha Ekandjo TransNamib is in the process of appointing a Lender’s Technical Advisor to facilitate the finalisation of the N$2.6 billion loan it secured from financial institutions two years ago. The state-owned rail operator secured nearly two…
Ministry Refutes Venaani’s Tractor Claims
By: Dolly Menas The Ministry of Agriculture, Water, and Land Reform (MAWLR) has strongly refuted claims made by official opposition leader McHenry Venaani regarding the purchase of new tractors from China at a cost of N$360 million instead…
Meatco Criticised for Underselling Beef on Foreign Markets
By: Justicia Shipena Economist Salomo Hei says the practice of underslling beef on the international markets employed by the troubled Meat Corporation of Namibia (Meatco) is a detrimental business approach. The Bank of Namibia (BoN) recently disclosed that…
Over N$25 Billion Spent on Petroleum Imports Amidst Oil Discovery Excitement
By: Nghiinomenwa-vali Erastus and Joseph Jeremia Despite being among the top five African countries with high oil exploration demand, as per the 2024 State of African Energy Outlook, Namibia incurred a substantial expense of N$25.2 billion on petroleum…
The Economy Needs More Than Teachers and Nurses To Thrive – Analysts
By: Loise Shiimi Education stakeholders have been urged to play a more active role in guiding parents and secondary school graduates toward career paths that align with the country’s economic development and diversification goals. Over the years, Namibia has…
Sikondo Green Scheme Leads Economic Advancement in Kavango West
By: Annakleta Haikera The development of the Sikondo Green Scheme irrigation project in Kavango West continues on a positive note with production of vegetables progressing on a consistent basis. The project recently achieved a milestone by delivering its first…