Investment

NamWater invests N$5.2 million in filtration plants

NamWater has invested N$5.2 million in the installation, and commissioning of filtration plants in Kayengona and Shamvhura, located in the Kavango East region. According to CEO Abraham Nehemia, the Kayengona plant received N$2.4 million, while the Shamvhura pant was allocated N$2.7 million. These investments have implemented advanced filtration technologies,and as a result, residents now have access to clean water.

24 September, 2024

Business / Economics

Namibia creates one-stop investor center

The Namibia Investment Promotion and Development Board and Namibia Revenue Agency signed a Memorandum of Understanding that allows NamRA to set up an office at the NIPDB, creating a one-stop service center for investors. The NIPDB's senior Manager for Marketing, Communications, and Branding, Catherine Shipushu.

12 September, 2024

Business / Economics

EU commits N$495 million to Namibia’s hydrogen infrastructure

The European Union has announced a contribution of 25 million euros, approximately N$495 million, to support infrastructure investments for Namibia's green hydrogen agenda. The announcement was made by European Commissioner for Energy, Kadri Simson, during the Global African Hydrogen Summit in Windhoek. Separately, speaking at the summit, Vice President Netumbo Nandi-Ndaitwah pointed to the country’s rich deposits of minerals essential for clean technologies, alongside its abundant wind and […]

5 September, 2024

Africa

China’s interests in Africa are being shaped by the race for renewable energy

By Lauren Johnston, University of Sydney China-Africa relations have deepened over the past two decades, characterised by increased economic cooperation, investment and infrastructure development. China is now Africa’s largest trading partner, with partnerships focused on building roads, railways and energy projects. As the ninth Forum on China–Africa Cooperation (FOCAC) kicks off this week in Beijing, a new, green theme is shaping their relationship: the global renewable energy race. […]

2 September, 2024

Business / Economics

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.

29 August, 2024

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 […]

22 August, 2024

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 […]

14 August, 2024

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.

12 August, 2024

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.

10 July, 2024