insert_link Business / Economics HyIron-Oshivela Secures Major Iron Supply Deal Johannes Michels, co-founder of the HyIron-Oshivela project, has revealed a landmark agreement with German metal processor Benteler. The deal ensures the supply of 200,000 tons of Direct Reduced Iron, marking a significant milestone for the project. todayNovember 21, 2024 1
insert_link World Donald Trump pushes unconventional cabinet picks US President-elect Donald Trump's cabinet choices continue to attract scrutiny after he made several more unconventional picks for top jobs, nominating a retired professional wrestling performer as his Secretary of Education. Meanwhile his selections for Defence Secretary and Attorney General are batting away sexual misconduct allegations as they face confirmation proceedings in Washington. From there, Benji Hyer reports. todayNovember 21, 2024 12
insert_link Nam Elections 2024 SADC Election Observers Arrive in Namibia for November Polls The Electoral Commissions Forum of SADC Countries has deployed a mission to Namibia to observe the Presidential and National Assembly elections on November 27. The 37-member delegation, led by Hon. Justice Priscilla Chigumba of Zimbabwe, includes representatives from nine SADC nations and two from West Africa for peer learning. Based in Windhoek’s Mercure Hotel, the mission will assess Namibia's electoral process, ensuring transparency and impartiality. A preliminary statement will follow […] todayNovember 21, 2024 3
insert_link Local Old Mutual Rewards Partners with MTC: Members Can Now Redeem Points for Airtime Wednesday, 20 November 2024 - Old Mutual Namibia is pleased to announce a revolutionary partnership with MTC whereby members of the Old Mutual Rewards programme will be able to redeem their Rewards points for airtime. This is a significant step in Old Mutual Namibia’s drive to add value and convenience to their Rewards membership by integrating day-to-day needs seamlessly into the rewards experience. The Old Mutual Rewards programme is […] todayNovember 21, 2024 4
insert_link Local Namibia Securities Exchange (NSX) to Provide LEIs Africa-wide on pTools LEILex Platform Dublin/London/Windhoek/Kuala Lumpur (20th November 2024) – Namibia Securities Exchange (NSX) has announced today, at the World Federation of Exchanges General Assembly and Annual Meeting in Kuala Lumpur, its initiative to provide Legal Entity Identifiers (LEIs) across Africa on the pTools LEILex platform. pTools LEILex platform is an LEI affiliate solution launched by pTools Software, the leading provider of Market Information AI automation solutions for Exchanges. Namibia Securities Exchange is one […] todayNovember 21, 2024 2
insert_link Local Letshego Holdings Namibia Welcomes Herwin Tsowaseb as Head of Credit Letshego Holdings Namibia is delighted to announce the appointment of Herwin Tsowaseb as Head of Credit, effective 15 November 2024. Herwin brings a wealth of expertise in credit evaluation and financial management, with over a decade of experience in senior roles at some of Namibia’s leading financial institutions. Herwin’s academic credentials further underscore his capability. He holds a Master of Philosophy in Development Finance from the University of Stellenbosch […] todayNovember 21, 2024 4
insert_link Opinion Pieces AI offers hope for quantitative investing Wednesday, 20 November 2024 - The future of quantitative investing is going to be shaped by Artificial Intelligence. Quantitative investment strategies can identify better opportunities and leverage into those using mathematical models with the use of sophisticated algorithms. Quantitative investing applies a mathematical model and algorithms to determine investment opportunities. About half of quantitative investors have implemented AI in their processes for investing. However, just 10% of those are actually […] todayNovember 21, 2024 3
insert_link Opinion Pieces Understanding Financial Default By Bank Windhoek’s Credit Executive Officer, Eddie King. Financial default occurs when an individual or small business fails to meet the agreed-upon payments on a debt, meaning they fail to service their instalments on the approved loan or facility, such as a home loan, personal loan, overdraft facility, or credit card. Defaulting on payments can have significant consequences, affecting one's credit rating (credibility with a financial institution) and access to future credit. Firstly, default typically starts when payments […] todayNovember 21, 2024 1
insert_link APO International The African Development Fund releases initial support of $99 million to finance the development of rice cultivation value chains in West Africa The Board of Directors of the African Development Fund has approved initial funding of $99.16 million to develop regional rice cultivation value chains as part of the Regional West Africa Rice Development project. The aim of the project is to increase food security and sovereignty in West Africa by encouraging public and private investments in rice value chains to increase self-sufficiency in rice in the region by 2030. The funding […] todayNovember 20, 2024 2