insert_link Business / Economics Standard Bank’s Thomas Koneka Iindji dies aged 44 Renowned banker and former Namibia Chamber of Commerce and Industry Northern Branch Chairperson, Thomas Koneka Iindji, has died aged 44. This, according to the Namibia Press Agency, was confirmed by a family member, saying that Iindji died on Tuesday in Windhoek. At the time of his death, he held the position of Head of Business and Commercial Banking at Standard Bank, a position he assumed in February this year. He […] today23 April, 2024
Local Rwanda to host Shelter Afrique Development Bank’s 43rd AGM in June 2024 Rwanda will host Shelter Afrique Development Bank (ShafDB) 43rd Annual General Meeting (AGM) in June Kigali, the Company has disclosed. This follows the nomination of Rwanda as the next host country at Shelter Afrique Development Bank’s 42nd AGM held in Abuja, Nigeria, and the subsequent signing of the host country agreement between the Company and the Government of Rwanda in Kigali in March. The host country agreement was signed by […] today23 April, 2024
insert_link Local TRUSTCO Group solidifies insurance and property holdings with strategic transaction. Trustco Group Holdings Limited (Trustco) today announced its acquisition of an additional 11.35% interest in Legal Shield Holdings Limited (Legal Shield) from Riskowitz Value Fund LP (RVF) for NAD 468 million. This will increase Trustco’s holding in Legal Shield to 91.35%. The strategic transaction fortifies Trustco's investment footprint in the insurance and real estate sectors in Namibia, both primed for substantial growth in the post-pandemic landscape. The coveted […] today23 April, 2024
insert_link Business / Economics Global Financial Landscape: Collaborative Initiatives and Market Dynamics Germany and Namibia Join Forces for Green Hydrogen Initiative In a significant stride towards sustainable energy development, Germany and Namibia have inked a pivotal agreement to bolster the Green Hydrogen Namibia Programme. This collaborative effort signifies a dedicated push towards constructing local H2 value chains aimed at fostering socio-economic growth while prioritizing environmental sustainability. The Green Hydrogen Namibia Programme, a newly established organization, emerges as a beacon of hope in […] today22 March, 2024
insert_link Business / Economics 07 March 2024 Morning Biz News: Namibia’s Oshikoto Region Receives Boost with N$400 Million Investment in Otjikoto Biomass Power Station In a strategic move to combat energy supply shortages in the Oshikoto Region, the Namibian government has allocated a budget of N$400 million for the development of the 40-megawatt Otjikoto Biomass Power Station, located on the outskirts of Tsumeb. The announcement came from the Minister of Finance and Public Enterprises, Iipumbu Shiimi, emphasizing the government's commitment to enhancing the region's energy infrastructure. The Otjikoto Biomass Power Station is poised to […] today7 March, 2024
insert_link Business / Economics 5 March 2024 Morning Biz News: Recent Developments in Finance and Business: Avo SuperShop, Canal+’s MultiChoice Bid, Global Market Updates In the dynamic landscape of finance and business, recent announcements and developments have caught the attention of investors and consumers alike. From the successful growth of Nedbank Namibia's Avo SuperShop to Canal+'s strategic move towards acquiring MultiChoice, and the latest updates in global markets, these events reflect the ever-evolving nature of the economic world. Nedbank Namibia's Avo SuperShop Flourishes: Nedbank Namibia proudly announces the remarkable expansion of its Avo SuperShop, […] today5 March, 2024
insert_link Business / Economics 04 March 2024 Morning Biz News: Financial Highlights: Schwenk Zement, Rand Stability, CBN Forex Crackdown, and Oil Price Surge 1. Schwenk Zement International Terminates Purchase Agreement In a recent development, Schwenk Zement International GmbH has officially terminated its purchase agreement with RWCo GmbH concerning shares in Schwenk Namibia (Pty) Ltd. The stumbling block cited by RWCo is the Namibian Competition Commission conditions linked to the deal's approval. RWCo argues that these conditions lack a legal basis under Namibian competition law. The termination brings an end to what was expected […] today4 March, 2024
insert_link Uncategorized Havana hospital project to begin following budget allocation Finance Minister Iipumbu Shiimi has allocated N$10.9 billion to the Ministry of Health and Social Service in the 2024/25 National Budget. Of this, over N$450 million is earmarked for the construction of the Windhoek District Hospital in Havana. Here is Deputy Minister Ester Muinjangue. today29 February, 2024
insert_link Business / Economics 29 February Morning Biz News: Latest Financial Highlights: Government Revenue Projections, Harmony Gold’s Record Dividend, Binance Executives Detained, and Oil Price Decline In the ever-evolving landscape of global finances, several key developments have recently taken place, shaping the economic outlook for the near future. This article delves into the latest financial indicators, exploring government revenue projections, Harmony Gold's historic dividend announcement, the crackdown on cryptocurrency exchanges in Nigeria, and the recent decline in oil prices. Government's Fiscal Initiatives: The Namibian government has unveiled its fiscal year 2024/25 revenue projections, with a […] today29 February, 2024
