Namibia to host Africa Hospitality Investment Forum

Namibia to host Africa Hospitality Investment Forum

Namibia is hosting the Africa Hospitality Investment Forum from 25 to 27 June 2024, in Windhoek. This event will gather investors, business leaders, government officials, and experts from 41 countries for networking, business meetings, and discussions on hospitality industry trends. It also marks the first time the forum is hosted in Southern Africa. The Namibia Investment Promotion and Development Board Senior Manager for Marketing, Communications, and Branding, Catherine Shipushu. With […]

June 24, 2024 22

Business / Economics

RMB Namibia Leads Syndicated Loan for Navachab Mine Expansion

RMB Namibia has been appointed by QKR Navachab to arrange a USD155 million syndicated loan from Namibian and South African banks. The loan, aimed at funding the mine’s expansion program, will significantly increase gold output, contributing to Namibia’s economic sustainability. RMB will also provide risk management solutions to optimize the mine’s exposure to various factors. Jason Shikalepo, Head of Investment Banking at RMB Namibia, offers further details.

June 5, 2024 35

Business / Economics

20 March 2024 Morning Biz News: Latest Financial Highlights: Dividends, Solar Power Initiative, Oil Prices, and Market Trends

FirstRand Namibia Announces Dividend Payment to Government Institutions Pension Fund: FirstRand Namibia has declared dividends amounting to over 321 million Namibian dollars to the Government Institutions Pension Fund. These dividends, stemming from the financial year ending June 2023, underscore the strong performance of FirstRand Namibia's diverse portfolio of financial services businesses. Noteworthy subsidiaries contributing to this success include FNB Namibia, RMB Namibia, WesBank Namibia, Ashburton Investments Namibia, and PointBreak […]

March 20, 2024 12