New Bank of Namibia bonds expected to improve financial access

New Bank of Namibia bonds expected to improve financial access

The Bank of Namibia is preparing to introduce the country’s first retail bonds, allowing low to medium-income earners to invest in government debt. According to Max Rix, Head of Investments at Simonis Storm Securities, this initiative could broaden financial inclusion and promote financial literacy among Namibians.

August 29, 2024 98

Africa

Africa’s off-grid solar sector is electrifying global investors

By Bonface Orucho, bird story agency Africa’s off-grid solar sector continues to be a magnet for investment, with recent analysis from Africa: the Big Deal emphasizing its growing appeal to investors. Despite a general decline in start-up funding across the continent over the last two years, the industry remains a clear priority for both the social impact and regular investment community. According to Laura Fortes, the senior […]

August 22, 2024 25

Local

Trustco Group Holdings Announces Share Consolidation for Global Market Alignment

Trustco Group Holdings Limited (JSE: TTO; NSX: TUC; OTCQX: TSCHY) has announced a significant move to implement a share consolidation, also known as a reverse stock split, in response to its recent upgrade of its American Depositary Receipts (ADR) program. The board has approved and recommended to shareholders a consolidation of shares at a ratio of 20:1. This consolidation aligns with the ADR ratio of 1:20, ensuring consistency between […]

August 14, 2024 14

Namibia

Windhoek hosts Agriculture education forum

The Regional Universities Forum for Capacity Building in Agriculture is hosting its 2nd Triennial Conference in Windhoek, focused on enhancing higher agricultural education and research in Africa. The event calls for African governments, development partners, and private sector investment to support the continent's development goals. Executive Director of the Ministry of Higher Education, Technology and Innovation, Alfred van Kent.

August 12, 2024 31

World

India-Austria to discuss trade And investments during Modi’s trip

India and Austria are likely to talk trade, investments and closer cooperation on green energy during Prime Minister Narendra Modi's visit on Wednesday. It's the first visit by an Indian PM to the Central European nation in 40 years. Ishan Garg tells us more from New Delhi.

July 10, 2024 19

Business / Economics

SWAITEX showcases Namibia’s trade and investment potential

Swakopmund, Namibia - The Swakopmund International Trade Expo (SWAITEX) is currently underway, drawing local and international businesses to the coast. Established in 2013, SWAITEX aims to foster networking opportunities and promote business ventures for Namibian entrepreneurs. Botswana's President Mokgweetsi Masisi and First Lady Neo Jane are esteemed guests of honor at SWAITEX 2024, underscoring the event's regional significance. Obrien Simasiku, the Communications Coordinator for SWAITEX, highlighted the diverse participation at […]

July 3, 2024 81

Namibia

Namibia’s Rating Upgraded: Importance for the Country and Its People

By Josef Kefas Sheehama Periodically, the Namibian government establishes policies to address the unstable state of the economy. Encouraging economic growth requires policymakers to put in place measures that support investment, innovation, and entrepreneurship. Therefore, the government can assist in fostering an environment that is conducive to business and promotes employment and economic growth. As an Independent Economic and Business Researcher, I therefore wholeheartedly commend the […]

June 6, 2024 18

Lifestyle

Early childhood education was largely missing from the budget, undermining other education spending

By Marek Tesar, University of Auckland, Waipapa Taumata Rau Despite a NZ$1 billion increase in spending on education in the 2024 budget, there was a noticeable absence of any substantial investment in early childhood education (ECE). This contrasts starkly with the money put aside for primary and secondary education, particularly in areas such as literacy. The budget allocates $191 million over four years for […]

June 5, 2024 15

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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 […]

June 5, 2024 76 2