Trustco secures N$ 950 million investment

Trustco secures N$ 950 million investment

Trustco Group Holdings Limited is finalising deals with key shareholders, including a cash investment of up to NAD 950 million from the United States fund Riskowitz Value Fund LP. The move solidifies RVF as a key anchor foreign investor, allowing Trustco to cement existing investments in the local economy. Quinton Van Rooyen Junior, Trustco's Deputy CEO.

January 16, 2024 48

Business / Economics

Namfisa’s Gariseb joins IAIS risk-based solvency forum

The Namibia Financial Institutions Supervisory Authority General Manager for Insurance and Medical Aid Funds, Erich Gariseb, has been admitted to serve on the International Association of Insurance Supervisors’ Risk-Based Solvency Implementation Forum. NamFisa spokesperson, Victoria Muranda, explains the significance of this development.

January 16, 2024 54

Namibia

Education Minister says no learner should be sent home over unpaid fees

Education Minister Anna Nghipondoka has urged schools to avoid sending learners back, for not paying hostel fees or voluntary school contribution fees, saying that though hostel fees are mandatory parents can make arrangements for their kids to be exempted if they are unable to pay, provided there is evidence financial constraints.

January 16, 2024 38

Entertainment

Nascam declares N$2 million in royalties

The Namibia Society of Composers and Authority of Music has declared a N$2 million royalty for the year, which according to the organisation is a remarkable achievement. Nascam CEO Albert Nicanor says that 10% of the declared royalties will be allocated for the social protection of all the members.

January 16, 2024 102

Namibia

Africa Millimetre Telescope project wins outreach medal

The mobile planetarium team of the Africa Millimetre Telescope project has been honoured by the UK’s Royal Astronomical Society with the 2024 Annie Maunder Medal for Outreach. The planetarium is used to bring immersive and interactive astronomy engagement to a diverse spectrum of the Namibian public and help bridge the gap between scientists, the public, and top-level government. Zandré Duvenhage the Project Coordinator for the Mobile Planetarium. The first millimeter-wave […]

January 16, 2024 83

Namibia

Rössing Uranium donates stationery to Tsumkwe learners

Rössing Uranium on Monday handed over a donation of 400 school bags filled with stationery to Tsumkwe Senior Secondary School as part of the Women in Media (WiM) Tsumkwe outreach initiative. During the handover ceremony, Rössing Uranium Corporate Communication Manager Daylight Ekandjo said preparations for the donation had been underway since last year. Rössing Uranium pledged N.dollars 250 000 towards the initiative in response to a request from […]

January 16, 2024 23

Namibia

Oshakati, Ondangwa register nearly 13 000 people for drought relief

The persistent drought situation has not only affected farmers and rural communities but has also had a significant impact on urban areas, Oshana Region Governor Elia Irimari said on Monday. He was speaking during the handing over of food parcels by the Oshana Regional Council to the three local authorities of the region. Irimari said many families are facing challenges in accessing sufficient food and basic necessities, leading […]

January 16, 2024 19

Namibia

Limited school space leaves parents stranded in Moses ||Garoeb Constituency

By Linea Dishena and Daniella Izaaks Parents and guardians in Windhoek’s Moses ||Garoeb Constituency have been left frustrated by limited spaces in school, especially for Grade 1 learners. Speaking to Nampa here on Monday, constituency councillor Stefanus Ndengu said limited space is a challenge every year, as the constituency has only four primary schools and two secondary schools catering for its estimated population of 90 000 to 100 000 […]

January 16, 2024 68

Namibia

Chief’ Assembly condemns violence in Gaza

The Chiefs’ Assembly (CA) of the Ovaherero and Ovambanderu traditional leaders expressed its solidarity with the civilian population of Gaza on Monday. “The Chiefs Assembly joins all progressive and peace-loving peoples of the world, in solidarity with the civilian population of Gaza, who are bearing the brunt of Israeli bombardments,” it said in a statement released by co-chairpersons Jeffrey Kavendji and Mbakumua Hengari. The CA acknowledged South Africa’s International […]

January 16, 2024 33