Capricorn Group Limited’s annual results for the year ended 30 June 2025 indicate year-on-year growth of 14.8% in profit after tax, from N$1.74 billion at the end of the 2024 financial year to N$1.99 billion, quickly approaching the N$2 billion mark. With a final ordinary dividend of 74 cents per share, together with an interim...
After a rigorous process that commenced in 2021, the Road Fund Administration (RFA) this week announced that the law has been amended for all vehicle licence fee debts older than three years to be written off. This will result in more than N$371 million in prescribed debt automatically written off, freeing thousands of vehicle owners...
Letshego Holdings Namibia and its subsidiaries, Letshego Bank Namibia and Letshego Micro Financial Services Namibia, have, effective immediately, suspended all new Deduction at Source (DAS) loans for government employees. Letshego’s action is in response to a directive from the finance ministry. “Moving forward, all new micro-lending loans will be issued through debit order arrangements and...
Mtc maris kavageve nye egano lyawo lyokomeho asi ngapi vana kukariugana eyi kavayitambekere kwaMinistera gonombudi magwanekero nounkurungu, Emma Theofilus. Kampani zina kara asi zoyimaliwa ntani kwakara asi munona gona gwaMTC Namibia, MTC maris sinkwa ntani kavakadingwire ministera negano lyokamulikida ngesefa zompe, awo kuna hara eruganeno kumwe omu nye ngano vana kuza komeho mokutjingisa sirongo setu,...
Deputy Prime Minister and Minister of Industries, Mines and Energy Natangwe Ithete has clarified government’s position on the proposed African Sustainable Industrialisation Institute (ASII) that has been suggested to help African governments and businesses identify and leverage opportunities in green industrialisation. The proposal came to the fore during the recent Global African Hydrogen Summit took place in...
The M&Z Motors Group on Tuesday joined the Social Security Commission (SSC) in making valuable donations to the Windhoek Vocational Training College (WVTC) to ensure trainees are equipped with the necessary skills required by Namibian industries. While the SSC contributed welding and boiler making equipment to the WVTC’s welding programme, M&Z provided two vehicles for...
Chery has firmly established itself as one of the most exciting automotive brands in Namibia, offering a combination of cutting-edge technology, contemporary design, and uncompromising value. The latest additions to its line-up—the Chery Tiggo 8 Apex, Tiggo 7 CSH Plus, and Tiggo 9 CSH—showcase the brand’s commitment to delivering premium motoring experiences without the premium...
A new entrant into Namibia’s fuel landscape is set to become one of the first locally owned major oil marketing companies (OMCs) in the country. Pending regulatory approval, a landmark decision could elevate Nasan Energies Namibia to become a leading player in the country’s retail fuel market, thereby restructuring an industry historically dominated by multinationals. ...
To address aviation challenges head-on, Ethiopian Airlines and SITA, the air transport industry’s tech engine, signed a new Memorandum of Understanding (MoU) to co-develop innovative solutions that strengthen the airline’s operations and enhance the passenger experience. SITA is a multinational information technology company providing IT and telecommunication services to the air transport industry. The collaboration...
The Government Institutions Pension Fund (GIPF) has a vested interest in the country’s financial system for the very reason that its members are part and parcel of the domestic financial community. This was the message from GIPF chairperson of the board of trustees Penda Ithindi, at the recently ended Alliance for the Financial Inclusion (AFI)...