insert_link Local Trustco plans to raise NAD 2.4 billion from shareholders to tap into Namibia’s economic potential. Trustco Group Holdings Limited is concluding pivotal transactions with key shareholders that underscore confidence in Namibia's bright economic prospects and Trustco's time tested capabilities to channel investment into high-growth areas. First, Trustco and United States fund Riskowitz Value Fund LP (RVF) will enter into an option to make a cash investment of up to NAD 950 million into Trustco, entrenching RVF as a key anchor foreign investor. The […] todayJanuary 16, 2024 21
insert_link Local NCF hosts the National Chess Championships Qualifiers From Thursday, 11 January until Sunday, 14 January 2024, the Namibia Chess Federation (NCF) hosted the Namibia National Chess Qualifiers in Windhoek. In a thrilling display of strategic brilliance and tactical prowess, the participating players showcased their chess talent during the contest. The stakes were high as the top five players from the men and the women’s sections would secure a coveted spot in the Namibia National Chess […] todayJanuary 16, 2024 19
insert_link Local Anaesthesiologists Society of Namibia supports members’ decision on new tariffs The Anaesthesiologists Society of Namibia (ASN) announces its full support for its members' decision to adjust anaesthesia fees in response to the recent reduction in benefits by medical aids for in-hospital benefits for a variety of procedures. Effective 1 January 2024, medical aids have decreased the benefit payable for in-hospital procedures by 33% over the last 12 months. This potentially will result in a co-payment of 25-33%% of the anaesthesia […] todayJanuary 16, 2024 30
insert_link Business / Economics Bank of Namibia joins the network for greening the financial system to drive sustainability in the Financial Sector 1. The Bank of Namibia is pleased to announce its membership in the esteemed Network for Greening the Financial System (NGFS), a group of central banks and prudential supervisory authorities committed to advancing environmental and climate risk management in the financial sector globally. As of 27 December 2023, the Bank of Namibia has been appointed as a plenary member, joining the ranks of 134 members and 21 observers within the […] todayJanuary 11, 2024 8
insert_link Local Cycling season to kick off this weekend with the Nedbank Windhoek Pedal Power Race Series The Nedbank Windhoek Pedal Power (WPP) Race Series will kick-start the 2024 cycling season this coming Sunday, 14 January, on the Dordabis Road, east of Windhoek. The first of the six races will start at 07h00 at the NamPower Station entrance on the Dordabis road, with over 300 cyclists expected to take part in the event. The organisers have introduced exciting categories in a bid to make the events […] todayJanuary 11, 2024 8
insert_link Local Namcor announces significant oil discovery in block 2813a (pel83), orange basin, offshore Namibia The National Petroleum Corporation of Namibia; NAMCOR with 10% carried interest, in conjunction with its partners Galp Energia (80%, operator) and Custos (10%), is excited to announce a significant oil discovery in the Mopane-1X exploration well, situated in the PEL83, Orange Basin, offshore Namibia. Following the initial announcement on January 2, 2024, PEL 83 JV partners have now confirmed the discovery of a substantial column of light oil in high-quality, […] todayJanuary 10, 2024 15
insert_link Local Namibia Joins EU-OACPS Partnership with Signature of Samoa Agreement Namibia has officially joined the New Partnership Agreement (NPA) between the European Union (EU) and the Organisation of Africa, Caribbean and Pacific States (OACPS), marking a significant step in strengthening diplomatic ties and fostering collaboration on shared priorities. In a ceremony held in Brussels on December 18, 2023, Namibia's representative signed the Samoa Agreement, succeeding the Cotonou Agreement that spanned from 2000 to 2023. The Samoa Agreement is recognized […] todayDecember 20, 2023 10
insert_link Entertainment Swakopmunder Musikwoche brings people together – Kötting After a few weeks of preparation, the Namib Primary School Hall was packed to the brim when the Swakopmunder Musikwoche lived up to expectations this past weekend, delivering memorable performances in Swakopmund. The concert gripped the audience with captivating stories of love, hate, jealousy, war, and victory, all told through music. The Youth Orchestra kicked off the concert with six pieces under the direction of Hendi Krog. They performed […] todayDecember 20, 2023 30
insert_link Local Chess improves players cognitive function Chess players who participated in the recently concluded Bank Windhoek Kehat Beukes Legacy tournament hosted in Swakopmund said that the game helps build confidence and develop problem-solving skills and is an educational tool. The winner of the open tournament, Zhemba Jemusse said that chess is like any other subject in school. “When we play chess, we are quiet so that we can concentrate on communicating with the pieces. When […] todayDecember 20, 2023 11