Investment

EIB Global Invests €25 million in Amethis Fund III to promote sustainable growth of African businesses

The has so far invested nearly €3 billion in equity funds with a geographic focus entailing Africa. In 2023, close to 60% of EIB’s fund investments were in Africa. Amethis has supported the growth of more than 30 African companies employing more than 40,000 people. European Investment Bank (EIB Global) has invested €25 million into Amethis Fund III, a pan-African fund providing private equity growth capital to medium […]

29 May, 2024

Opinion Pieces

Economic and Business Advice for the next President

Opinion Piece by Josef Kefas Sheehama There are a number of important business and economic issues that the incoming President should take care of as we anticipate the upcoming presidential and national assembly elections. As an independent researcher in economic and business matters, I advise the incoming president to prioritize trade and industrial policies and foster positive relationships with international trade in order to attract investors […]

28 May, 2024

Local

Old Mutual Foundation launches OM SEED 2024 with N$800 000 in support of grassroots entrepreneurs in Ohangwena, Zambezi, Oshikoto, and Kavango West Regions

The Old Mutual Foundation has launched its third edition of the highly anticipated Old Mutual Sustainable, Economic, and Empowerment Drive (OM SEED) today with a total investment of N$800 000 in support of grassroots entrepreneurs in Ohangwena, Zambezi, Oshikoto, and Kavango West Regions Following the remarkable impact achieved in the Erongo, Kavango East and Hardap regions in 2022 and 2023, the Foundation is extending the initiative to […]

23 May, 2024

Uncategorized

Chamber of Mines calls for action after decline in mining survey

The Chamber of Mines has called for urgent policy reforms in the country's mining sector following Namibia's drop in the 2023 Fraser Institute Annual Survey of Mining Companies. The country’s position on the overall Investment Attractiveness Index fell by 3 points from 59 in 2022 to 56 in 2023, while on the continent, Namibia ranked 4th out of 22 African jurisdictions surveyed. Lauren Graham, Chief Economist at the Chamber of […]

21 May, 2024

Africa

Nigeria’s maritime logistics cruise as ports get a makeover

By Bonface Orucho, bird story agency Nigeria is implementing a ports makeover, ramping up investment to expand its ports as it seeks to untangle congestion, enhance efficiency, and seize economic opportunities through improved sea freight logistics. President Tinubu and Maersk Chairperson Robert Maersk Uggla have reportedly discussed a US$600 million deal with A.P. Moller-Maersk. The two met during the World Economic Forum event in Riyadh. In […]

3 May, 2024

Business / Economics

New salmon farm at Lüderitz to create 600 fobs

Namibia has broken ground on the largest salmon farm at Lüderitz today. Facilitated by the Namibia Investment Promotion and Development Board, Benguela Blue Aqua Farming is set to pioneer salmon farming in Namibia and become one of the largest salmon farming projects in Africa. The project is expected to create 600 direct and about 1500 indirect jobs. Here’s Johannes Aldrian, the Co-Founder and Managing Director of Benguela Blue Aqua Farming, […]

2 May, 2024

Africa

Global tech giants in Africa AI gold rush

By Conrad Onyango, bird story agency Global technology giants including Microsoft, IBM, Huawei, Nvidia, and Google are lining up to tap into a multi-billion dollar opportunity in the nascent Artificial Intelligence (AI) market. The five multinationals tops the list of more than 100 tech companies across the globe that will feature in the ‘AI Everything’ forum in this year’s GITEX Africa 2024, the continent's premier tech and […]

2 May, 2024

Africa

Zimbabwe’s Tourism and Hospitality Industry Permanent Secretary gives update on MoU with Namibia

Zimbabwe and Namibia in 2014 signed a Memorandum of Understanding at the seventh session of the Joint Permanent Commission meant to strengthen bilateral trade and investment. Zimbabwe’s Ministry of Tourism and Hospitality Industry Permanent Secretary Dr. Takaruza Munyanyiwa.

25 April, 2024

Business / Economics

Trustco increases stake in Legal Shield Holdings

Trustco Group Holdings Limited has announced the acquisition of an additional 11.35% interest in Legal Shield Holdings Limited from Riskowitz Value Fund LP for N$ 468 million. 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 assets acquired encompass Trustco Insurance Limited, Trustco Life Limited, and an extensive real estate portfolio spanning […]

23 April, 2024