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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Business / Economics

1309 Results / Page 37 of 146

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Business / Economics

Trustco Group’s Meya Mining Uncovers 391.45-Carat Diamond in Sierra Leone

Trustco Group Holdings announced the discovery of a 391.45-carat diamond by Meya Mining in Sierra Leone's Kono District. Trustco, which holds a 19.5% stake in Meya Mining, highlighted that this is the second major diamond find from the Meya River kimberlite domain. The first significant discovery was a 476-carat diamond in 2017. Like the previous find, the latest diamond, initially weighing 514.99 carats, fragmented into three pieces during recovery. Quinton […]

todayAugust 28, 2024 59

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Business / Economics

Telecom to Launch 5G Services by 2026, Begins With Infrastructure Upgrades

Telecom plans to introduce commercial 5G services in targeted areas by 2026, starting with trial deployments in Otjozondjupa and Omaheke regions in 2025. CEO Stanley Shanapinda announced that the company is upgrading its core network infrastructure and expanding 4G and 4.5G networks to ensure seamless connectivity. Additionally, Telecom is replacing copper lines with fiber optic cables in several areas to improve service quality and combat copper theft. The company has […]

todayAugust 28, 2024 21 3

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Business / Economics

Savanna Beef Processors Opens Final N$6.5 Million Share Offering to Producers

Savanna Beef Processors Ltd has initiated its fourth and final private placement, inviting producers to invest in the remaining N$6.5 million of share capital says The Brief. According to Chairperson Meiki Schneider, shares will be available in N$4,000 batches for each preferential slaughter cattle. He urged producers to take advantage of this opportunity, noting that preferential slaughter rights will play a key role in quota allocations. Additionally, over-the-counter trading of […]

todayAugust 27, 2024 84

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Business / Economics

INTERVIEW: Activist Herbert Jauch Calls for Rethink on Namibia’s Oil and Gas Strategy

Windhoek, Namibia – Herbert Jauch, a prominent activist, has called for a fundamental reassessment of Namibia’s approach to oil and gas exploration. In a recent discussion, Jauch emphasized that the use of Namibia’s natural resources should benefit all Namibians, not just a select few, and warned against continuing with oil and gas extraction given the current global context. Jauch argued that Namibia's natural resources have long been controlled by foreign […]

todayAugust 27, 2024 19

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Business / Economics

27 August 2024 Morning Biz News: Trustco Exits Banking, Harmony Gold Profits Surge, and More

Trustco Group Holdings Exits Commercial Banking Trustco Group Holdings Limited has officially exited the commercial banking sector by surrendering Trustco Bank Namibia’s banking license to the Bank of Namibia. Chairman Quinton van Rooyen revealed that this decision was due to the group’s strategy to withdraw from deposit-taking institutions, which made up less than 1% of its total investments. The Brief reports this move marks Trustco’s strategic shift away from banking. […]

todayAugust 27, 2024 34

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Business / Economics

Namibia Breweries Contributes N$2.4 Billion to Economy and Expands Global Presence

Namibia Breweries Limited has contributed N$2.4 billion to the local economy through corporate taxes, customs duties, and excise fees reports The Brief. In the past year alone, the company paid N$800 million in corporate taxes and N$1.6 billion in customs and excise duties. NBL's beer exports reached N$747 million in 2023, reflecting its global competitiveness. Additionally, NBL was a major driver of foreign direct investment, with Heineken increasing its shareholding […]

todayAugust 23, 2024 32

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Africa

Second-Largest Diamond in History Unearthed in Botswana

A 2,492-carat diamond, the second-largest ever found, has been discovered at the Karowe mine in Botswana, operated by Canadian firm Lucara Diamond. The BBC reports that, this remarkable find surpasses Botswana's previous record and is the biggest since the 3,106-carat Cullinan diamond found in South Africa in 1905. Botswana, a leading global diamond producer, continues to make significant contributions to the industry, accounting for about 20% of global production.

todayAugust 23, 2024 23

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