Trustco Group Holdings yesterday stated it will formally appeal both the public censure and a N$5 million fine imposed on it by the Johannesburg Stick Exchange (JSE). The JSE imposed the penalties on Trustco after accusing the Namibian company of selling off shareholding in its mining subsidiary, Meya Mining, without shareholder approval. A censure by...
Former President Nangolo Mbumba is scheduled as one a number of influential dignitaries and thought leaders to feature at an upcoming business summit in the capital. The summit, hosted by the Leaders Without Borders Development Centre (LWBDC), will this year focus on boosting intra-Africa trade and increasing economic growth on the continent. LWBDC is a...
TotalEnergies yesterday announced the appointment of Nicola Mavilla as senior vice president for exploration with effect from 1 November 2025. Mavilla is replacing Kevin McLachlan, who held this position since 2015. Recent TotalEnergies exploration activities have led to major discoveries over the past three years, notably in Suriname and Namibia. TotalEnergies invests around US$1 billion...
The creation of a competition compliance culture within Namibia’s various economic sectors is of utmost importance. This is because compliance with competition regulations not only creates a level playing field for businesses but ensures all businesses are held to the same standards, regardless of their location, and helps prevent unfair competition practices. This was part...
Pascal Haingura has assumed the role of Executive for Engineering and Technical Services at the Communications Regulatory Authority of Namibia (Cran). Haingura’s responsibilities in his new role include overseeing all technical resources, facilitating infrastructure sharing, managing the radio frequency spectrum, managing technology and standards and numbering resources to ensure optimal and efficient service delivery. The...
An exponential increase in the use of social media, in Namibia and globally, holds tremendous opportunities but also encompasses inherent dangers for users. It is estimated that, as at July 2025, there were approximately 5.41 billion social media users world-wide, representing over 65% of the global population. Industry experts believe the number of users continues to grow,...
Namibia reaffirmed its commitment to the Chicago Convention when works and transport minister Veikko Nekundi, attended the 42nd session of the International Civil Aviation Organisation (ICAO) Assembly last week. The session was hosted at organisation’s headquarters in Montréal, Canada from 23 September to 3 October 2025. The Chicago Convention, previously known as the Convention On...
The registration deadline is fast approaching for the Infrastructure Development Forum organised by the Construction Industries Federation of Namibia (CIF). It is scheduled for Lüderitz from 14 to 16 October 2025. The forum is expected to offer a unique opportunity for contractors, small and medium enterprises, building material suppliers and financiers to gain upfront knowledge...
A discovery of rich-gas condensate by Namcor and partner marks the third consecutive hydrocarbon discovery on the exploration block. The significant discovery brings Namibia closer to transforming its energy sector, creating jobs, building capacity and securing a brighter future for future generations. The National Petroleum Corporation of Namibia (Namcor), together with its joint venture partners...
Since the end of September 2025, the latest series of upgraded banknotes and new coins, which were introduced by the central bank earlier this year, have been available at commercial banks and ATMs countrywide. The Bank of Namibia officially issued the upgraded Namibia Dollar banknotes and the new coinage series into circulation at a ceremony...