By Rendy Petrus Amwaalwa & Karischa Schmidt Namibia recently marked its 34th Independence Anniversary, a testament to its journey of growth and transformation. Central to this evolution is the country’s burgeoning mining and energy sector, poised to drive significant economic expansion. With promising prospects in oil, renewable energy, and mineral resources, Namibia stands on the...
Sanlam has launched its “Extra Roadshow” setting the stage for an extensive stakeholder engagement campaign. The roadshow will traverse key towns including Walvis Bay, Luderitz, and Omuthiya, aiming to educate and engage the public on the financial solutions provided by Sanlam, with a particular emphasis on the newly enhanced benefits of the Sanlam Extra Rewards...
By Angelique Peake and Olavi Hangula “Implementing a robust local content policy in the oil and gas industry isn’t just about extracting resources; it’s about empowering local economies and fostering sustainable growth. By prioritising local manufacturing and supporting sectors, we not only fuel industrial development but also cultivate a thriving ecosystem of opportunity and prosperity...
Trustco Group Holdings Limited has announced that Riskowitz Value Fund (RVF), a US-based fund, has entered into a six-month non-exclusive agreement to invest up to N$1.9 billion of hybrid capital into Trustco. “RVF’s proven track record and in-depth understanding of global markets make them a valuable asset as we explore strategic investment opportunities,” said Quinton...
Windhoek is setting its sights on becoming a smart city by 2027, leveraging technology to improve efficiency, sustainability and the overall quality of life for residents. This ambitious goal aligns with the city’s five-year strategic plan, Namibia’s Vision 2030 and the United Nations Sustainable Development Goals (SDGs). Initially, the target for achieving smart city status...
Faced with chronic drought conditions, nearly 100 Namibian farmers recently received training on innovative solutions like hydroponics for fodder production and using encroacher bush as animal feed. The Namibia National Farmers Union (NNFU) collaborated with the University of Namibia (Unam), the Ministry of Agriculture, Water and Land Reform, Farmyard Training, and Agri-tech Namibia on the...
The National Council opened for business today, commencing the 12th session of the 6th National Council. The House of Review started off the session by debating the Appropriation Bill, which has been passed by the National Assembly. Speaking at the start of the session, National Council Chairperson Lukas Muha stated that the council must ensure...
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...
Desmond Ernst Van Jaarsveld has been appointed as the new Chief Executive Officer (CEO) of TransNamib, effective from 17 April 2024. He replaces Johny Smith, who resigned from the rail company in February last year to join Grindrod Rail. Van Jaarsveld, who has over 30 years of professional experience in various industries, including over 25...