Sanlam Namibia says its assets increased by N$500 million to N$4.6 billion in 2023 from the N$4.1 billion reported in 2022. The insurance company said it forecasts to pay out nearly N$22 billion in policy liabilities over the next few years. Sanlam Namibia CEO, Tertius Stears, said the company has been performing well with its...
Mining explosives provider Beifang Mining Technology Services, a subsidiary of the Chinese arms conglomerate Norinco, says it has paid N$231.8 million in taxes since its existence in 2013. The company’s Chief Executive Officer Fisher Yu said Beifang now boasts an asset investment of N$2.24 billion in Namibia. He revealed this at a Memorandum of Understanding...
The Engineering Council of Namibia (ECN) says Namibia has sufficient engineers, predominantly in civil, mechanical and electrical fields, with only a few in rare specialised fields. Currently, there are 1,378 active engineers, of which 1,101 are men and 277 women. Topping the list are civil engineers at 787, electrical are 325, mechanical 161, electronic 37,...
Chinese ambassador to Namibia, Zhao Weiping says the decision by China National Uranium Corporation Limited to acquire a controlling stake in Rössing Uranium, saved thousands of Namibian jobs. The company was formerly owned by the British-Australian conglomerate Rio Tinto. He also desputed the notion that Chinese companies solely exploit Namibia’s natural resources without benefiting locals....