Recently, newspapers have been publishing opinion pieces on local content in the oil and gas sector that do not even mention the corruption risks involved (e.g. Namibia Energy Sector Needs Local Content Guidelines by NJ Ayuk, p. 7 of The Namibian on 4 April). It is clear that there is a huge appetite among Namibian...
ONDANGWA: Employees of the Ondangwa Town Council have started cleaning water channels and culverts in order to mitigate floods risks during the rainy season. Town council spokesperson Petrina Shitalangaho-Mutikisha told Nampa the exercise started in December and is ongoing. Areas in need of cleaning are identified through random inspections and reports from residents. ‘The water...
In a widely anticipated move, the Bank of Namibia (BoN) yesterday announced its decision to maintain the repo rate at 7,75%, maintaining the prime lending rate 11,5%. Central bank governor Johannes !Gawaxab said the decision was taken following a review of domestic, regional and global economic developments, including maintaining the currency peg with South Africa,...
Press Release Against a backdrop of growing geopolitical tensions, proliferating crises and widening inequalities, the challenges facing the global community in reaching the 2030 Agenda for Sustainable Development are vast. With the Internet holding a critical role in navigating these complexities, the 18th UN Internet Governance Forum (IGF) got underway in Kyoto, Japan today under the overarching theme,...
Namib Desert Diamonds (Pty) Ltd (Namdia) has emphasized that its strategy of both procuring diamonds in US dollars from its suppliers and selling diamonds in US dollars to its customers serves as a natural safeguard against currency risk. The company operates with three bank accounts denominated in US dollars, exclusively for diamond trading purposes. In...
By Rex Mutelo, Head of Business Development, Old Mutual Namibia. Recent conversations have highlighted a recurring theme: the expectation of substantial returns from investments that may not align with their inherent risk profile. This prevailing sentiment is not uncommon and often stems from a misunderstanding of the diverse investment options available. This article aims to...
The Old Mutual Investment Group is tackling the misconception of expecting high returns from investments without considering their associated risks. Rex Mutelo, Head of Business Development at Old Mutual Namibia explains. The post Old Mutual tackles misconceptions about investment returns and risks first appeared on Future Media. Source link
By Rex Mutelo Recent conversations have highlighted a recurring theme: the expectation of substantial returns from investments that may not align with their inherent risk profiles. This prevailing sentiment is not uncommon and often stems from a misunderstanding of the diverse investment options available. This article aims to unveil the reality of investment returns and...
Namibia has enacted the country’s first legislation to license and regulate Virtual Asset Service Providers (VASPs) and Initial Token-Offering Service Providers (ITOSPs), the central bank announced this week. Namibia became the 3rd Sub- Saharan African country to take bold legislative steps to regulate this sector and fully protect the public against potential risks the Bank...
CHAMWE KAIRA Water and electricity supply have been cited as potential risks that could affect the establishment of a new gold mine in the Erongo Region. The definitive feasibility study of the Twin Hills Gold Project near Karibib has said a key project risk is water supply. In order to mitigate this risk, Osino Resources...