Prime Minister Elijah Ngurare has commended Namport for heeding a call by the government and, through the Namport Social Investment Fund (NSIF), investing in the development and empowerment of Namibia’s youth across all 14 regions. During a gala dinner on Friday, Namport confirmed a contribution of N$5 million to the NSIF. Namibia’s eighth administration, under...
To unlock the full potential of a digital financial ecosystem in Namibia will require new models, new tools, and, crucially, new mindsets. This is according to Kenneth S. Matomola, chief executive officer of the Namibia Financial Supervisory Authority (Namfisa), who was speaking at FinTech Square 2025, a flagship initiative under the authority’s innovation agenda that...
The Sinomine Tsumeb Smelter, traditionally a cornerstone of Namibia’s industrial mining capacity, is currently undergoing a critical realignment. It is in the process of committing N$2 billion for the development of a multi-metal recycling project. Industry insiders consider this a bold move for Sinomine to focus on polymetallic recovery. The new recycling plant aims to...
The Pupkewitz Foundation, the community social investment arm of the Pupkewitz Group, last week made a milestone pledge of N$10 million over the next 12 months. The massive pledge formed part of the group’s centenary celebrations as it celebrates 100 years of doing business in Namibia. The enormous commitment by the foundation signifies N$100 000...
Canadian miner, B2Gold Namibia has set its sights on the nearby Antelope Deposit as it continues to look for new projects in the country amid a scale down exercise at its Otjikoto Gold Mine by end 2025. The scale down on employement will affect 400 jobs. Located a mere four kilometres southwest of B2Gold’s existing...
Namibia’s largest cement manufacturer, Ohorongo Cement, remains adamant that the domestic market, in its current form, is not large enough to sustain two cement manufacturers. The reasoning is that Namibia currently has demand for about 600 000 tonnes of cement annually but has the capacity to produce some 2.5 million tonnes per annum, which means...
Despite some Namibian websites ending with ‘.na’ in their domain name having experienced downtime last week, the communications regulator has dismissed any widespread outages. The technical difficulties may have stemmed from the Communications Regulatory Association of Namibia’s (CRAN’s) cancellation of UCOM Mobile Namibia’s spectrum licences earlier this year. The regulator has advised all domain owners...
The well-known LDV brand, which was historically part of the Rover Group in the United Kingdom, is winning over the hearts and minds, and perhaps most importantly, wallets, of Namibian consumers by giving prospective buyers what they want. That is power, affordability and reliability, which are three characteristics quickly making LDV a local household name. ...
The Namibian Competition Commission (NaCC) has collected more than N$1 million in settlement agreements emanating from alleged anti-competitive behaviour by five pharmaceutical companies and one windscreen retailer. The affected parties engaged the commission after investigations concluded that these entities were engaged in exclusive dealings. These agreements were imposed between November 2022 and January 2023. In...
The upgraded Namibian banknotes and coins unveiled on Wednesday evening by President Netumbo Nandi-Ndaitwah are a necessary step, given the country’s banknotes were last updated in 2012 while the domestic coin series has remained unchanged since 1993. As such, the updated currencies, expected to go into circulation next month, have been designed to meet the...