FNB Namibia recently announced a sponsorship commitment of N$240,000 to the Northern volleyball games for the span of three years starting 2024. The Northern volleyball games is a one-day tournament with 10 overall teams competing for the grand prize and bragging rights. “Previously seeing the positive impact of responsible fun, team building and furthering healthy...
Niël Terblanché In a significant development for Namibia’s financial market, the Namibia Financial Institutions Supervisory Authority (Namfisa) has announced the approval of the Central Securities Depository (CSD). According to Victoria Raimond, spokesperson of Namfisa, the approval of a CSD is set to revolutionize stock trading in the country. She added that the establishment of the...
Andrada Mining Ltd has said the commissioning of a tin sorting circuit is underway at its Uis mine in Namibia. Once installed, the circuit will increase production of tin concentrate to 2,600tpa from 1,500tpa, an expansion anticipated to increase revenue by up to 75% and reduce the mine’s sustaining costs Ore sorting will also augment...
In an effort to ensure that Namibia is ready to develop its green hydrogen industry and related human resources capabilities, Namibians are awarded scholarships to learn, conduct research, and upskill. This programme was designed to ensure the output of trained Namibians who are fit for the Green Hydrogen Energy Project. The six-month mobility programme is...
The Ministry of Industrialisation and Trade says crafting a National Trade Policy will boost domestic economic activities, including exports and accessing external markets. This comes as Cabinet recently approved the Draft National Trade Policy, which aims to contribute towards Namibia’s economic diversification by promoting and stimulating a competitive trade sector to increase the export of...
Niël Terblanché Namibia is poised to host the prestigious AviaDev Africa conference in June 2024, alongside the Africa Hospitality Investment Forum (AHIF) The conference will be a crucial platform for the local tourism sector to lure more visitors to Namibia. The Namibia Airports Company (NAC) announced the collaboration, spotlighting the nation’s strategic efforts to enhance...
The Minister of Finance and Public Enterprises, Iipumbu Shiimi, announced a substantial increase in funding for sports during his delivery of the 2024/25 budget in the National Assembly. The Ministry of Sport, Youth, and National Service received a 45.3% increase compared to last year, amounting to a planned N2.2 billion. In his budget speech, Shiimi...
The Ministry of Finance and Public Enterprises says it is establishing Special Economic Zones (SEZs) in collaboration with the Ministry of Industrialisation and Trade to cultivate competitive industrial zones in the country. Minister of Finance and Public Enterprises Ipumbu Shiimi said participants in the SEZs will benefit from a corporate income tax rate of 20%,...
Namibia’s revenue of N$90,4 billion, announced by minister of finance and public enterprises Iipumbu Shiimi on Wednesday, was boosted by dividend payments of N$1,2 billion from the anticipated dissolution of the Namibia Post and Telecom Holdings Company (NPTH). Shiimi told the parliament an additional N$500 million is expected from the sale of the remaining 9%...