Letshego Holdings Namibia Appoints New Head of Credit

Letshego Holdings Namibia Appoints New Head of Credit

Letshego Holdings Namibia has announced the appointment of Herwin Tsowaseb as its new Head of Credit, effective 15 November 2024. With over a decade of experience in credit evaluation and financial management, Herwin will contribute to advancing financial inclusion and sustainable growth. His appointment strengthens the company’s efforts to empower customers and enhance its market position.

November 21, 2024 2

Local

NSX Unveils New Brand Identity and Celebrates Scholars Competition Winners

Windhoek, Namibia — It is with great excitement and pride that the Namibia Securities Exchange (NSX) announces its official rebranding and the conclusion of this year’s Scholars Competition, NSIC 2024. The event, held on 15 November 2024, marks a pivotal transformation for the NSX, as it not only unveiled a fresh new look but also celebrated the exceptional achievements of Namibia’s brightest young minds. NSX Rebrand: A Bold Step Toward […]

November 20, 2024 2

Namibian Elections 2024

Swapo’s Amutenya Commits to Addressing National Challenges

SWAPO's Member of the Central committee Willem Amutenya said the government will continue to identify solutions to challenges facing the country. Amutenya highlighted challenges such as Youth unemployment, hunger and lack of portable water.

November 18, 2024 5

Local

United Nations World Data Forum 2024 To Renew Global Action Plan on Sustainable Development Data

Opening Press Briefing Tuesday, 12 November WHAT: Curtain-raiser press briefing in conjunction with the opening of the UN World Data Forum 2024. The Forum will be hosted by the government of Colombia with support from the Departamento Administrativo Nacional de Estadística (DANE-Colombia), the statistical office, the city of Medellín (Alcaldía de Medellín), and the Statistics Division in the United Nations Department of Economic and Social Affairs (UN DESA). More […]

November 12, 2024 3

Business / Economics

Employers Federation Talks New National Minimum Wage

The Labour, Industrial Relations, and Employment Creation minister, Utoni Nujoma, announced that the national minimum wage will rise to N$18 per hour, effective January 1, 2025. Terrence Makari from the Employers Federation of Namibia provides insights on this important development.

November 6, 2024 18

Namibia

Roads Authority Graduation Ceremony Supports SMEs in Tender Processes

The Roads Authority hosted a five-day graduation ceremony in Windhoek aimed at empowering Small and Medium-Sized Enterprises with insights into tender processes. Spokesperson Hileni Fillemon provided further details on the initiative.

November 5, 2024 17

Opinion Pieces

Affordable Housing: A Key Driver for Sustainable Development

Monday, 4 November 2024 - Affordable housing is one of the key aspects for development in Namibia. In response to the country's pressing housing needs, Old Mutual Namibia launched its Housing Fund in August 2024. With an initial capital of N$50 million, the initiative is set to provide critical financial support for affordable housing projects, aimed at addressing the growing demand for accessible and affordable housing in the […]

November 4, 2024 10

South Africa

Transport Minister says the country needs a stable and well-maintained road network

S.A's Transport Minister Barbara Creecy says South Africa needs a stable and well-maintained road network that will improve access to economic activities and allows for the safe transportation of people and freight on a world-class road system. Creecy visited the R573 Moloto Corridor Road Project from Limpopo to Gauteng. She says quality road infrastructure plays a critically important role in the their economy:

November 4, 2024 14

Business / Economics

Development Bank of Namibia Reports N$62 Million Profit Amidst Job Creation Efforts

The Development Bank of Namibia has announced an investment of over N$21 billion towards the country's development, resulting in the creation of more than 76,000 jobs since its establishment 20 years ago. For the FY2023/2024, according to reports by The Brief, the bank reported a net operating profit of N$62 million, a significant recovery from the N$270 million loss in 2022. Although the bank aimed for a N$100 million profit, […]

November 1, 2024 9