insert_link Local Trustco Group announces NAD 4.4 billion (USD 235 million) transaction with founding family. Trustco Group Holdings Limited (TTO.SJ) today announced a landmark agreement to convert NAD 4.4 billion (USD 235 million) of debt into equity, paving the way for a planned USD 100 million capital raise in the US markets. The agreement is expected to increase Trustco's net asset value by approximately NAD 1.5 billion (USD 79 million). "This recapitalization is a crucial step towards achieving our growth ambitions […] today12 June, 2024
insert_link Local Lowe, Hough win Nedbank Namibia Rock and Rut XC2 Mimi Hough and Kevin Lowe produced stunning masterpiece rides to win the Nedbank Rock and Rut XC2 races at the IJG Trails in Windhoek on last Saturday. The event, where cyclists took part in the different cycling categories, saw Hough who had initially entered as a veteran woman, upgraded to the elite category. She completed the race in one hour, two minutes, and 19 seconds (01:02:19) […] today12 June, 2024
insert_link Local Women Shaping Data Analytics’ Future By Hileni Amadhila, Senior Public Relations, Stakeholder and Communications Consultant, Old Mutual Namibia Recently, the future of work has become a dominating topic of conversation, drawing much attention to the ways all kinds of industries are changing due to technological development. The field of data analytics is no exception; that is why it becomes a battleground of forces that present both challenges and prospects to everyone. The […] today11 June, 2024
insert_link Local FlyNamibia announces flight route shift and enhanced connectivity to stimulate Zambezi Region tourism FlyNamibia is pleased to announce significant enhancements to its flight operations to optimise connectivity and stimulate tourism in the Zambezi Region. Effective 3 July, FlyNamibia Katima Mulilo flights will transition from Eros Airport to Hosea Kutako International Airport, facilitating improved access to key destinations. In conjunction with this shift, FlyNamibia is introducing an innovative flight routing system designed to enhance connectivity between Windhoek (Hosea Kutako International Airport), […] today10 June, 2024
insert_link Local Partnering for prosperity: Nedbank Namibia’s commitment to strengthening Namibia’s agriculture sector Namibia's agricultural sector is a cornerstone of its economy, yet it faces a myriad of challenges that threaten its sustainability and growth. Agriculture contributes over 8% to Namibia’s gross domestic product (GDP), with about 70% of the population dependent on it for income and food security. Additionally, agriculture is the largest employer in the country, accounting for over a fifth of the local workforce. Despite its economic significance, the […] today10 June, 2024
insert_link Local Amakali is Bank Windhoek’s new Head of Management Accounting On Wednesday, 5 June 2024, Bank Windhoek’s Chief Financial Officer, Zenaune Kamberipa, announced the appointment of Gideon Amakali as the Bank’s new Head of Management Accounting, effective 1 June 2024. “With his valuable experience in various industries, we are confident that Amakali will add further significant value to his new role and Bank Windhoek’s Finance Department,” said Kamberipa. Kamberipa said that in his new role, Amakali will manage […] today6 June, 2024
insert_link Local Hileni Amadhila joins Old Mutual Namibia as Senior Public Relations, Stakeholder, and Communications Consultant Old Mutual Namibia is pleased to announce the appointment of Hileni Amadhila as the new Senior Public Relations, Stakeholder, and Communications Consultant within the Group Marketing, Public Affairs, and Sustainability team. Hileni brings over 11 years of extensive experience in strategic marketing and communication to her new role at Old Mutual Namibia. With a proven track record in leading external and internal communication, PR, advertising, and brand management, […] today6 June, 2024
Local The Use of the Integrated Mobile Voter Registration System (IMVRS) for the Conduct of the 2024’s General Registration of Voters (GRV) The Commission wishes to share ongoing information related to the Integrated Mobile Voter Registration System (IMVRS), following the commencement of the general voter registration process, and some interest shown by the public in the system: 1. During 2010 – 2013, ECN migrated from the manual paper-based voter registration system to a Custom-Made digital biometrics voters registration system, referred to as Mobile Voters Register System (MVRS). This system […] today6 June, 2024
insert_link Business / Economics Trustco’s Meya Mining Investment confirms $763 million diamond resource Trustco Group Holdings Limited (TTO.SJ) has announced that Meya Mining, in which Trustco’s mining portfolio holds a 19.5% interest, and is located within the eastern province of Sierra Leone, has released promising findings from a diamond resource estimate for the Meya River Kimberlite Dyke. The report confirms the total kimberlite ore down to a depth of 800m below surface is 6.05 million tonnes. The assessed in-situ grade is […] today5 June, 2024
