As Donald Trump’s odds of winning the White House seemingly improve, investors are being warned that a swift retaliation from Europe would likely deliver a hammer blow to US stocks. The stark warning from Nigel Green, the CEO of deVere Group, one of the world’s largest independent financial advisory and asset management organisations, comes as a...
The Seed Capital Fund of Namibia (SCFN), a non-governmental organisation dedicated to providing essential seed capital to Namibian start-ups, recently hosted a successful stakeholders engagement in Windhoek. The event marked the official launch of the SCFN’s fundraising campaign to raise N$2 million by March 2025, aimed at supporting Namibian entrepreneurs, and driving sustainable economic growth....
The Development Bank of Namibia (DBN) and One Economy Foundation (ONE) have signed a Strategic Comprehensive Partnership Agreement (SCPA) to drive sustainable economic growth, youth empowerment and community development in Namibia. This groundbreaking collaboration reflects both organisations’ commitment to promoting equality, and creating socio-economic opportunities for underrepresented groups, particularly the youth, women and rural entrepreneurs....
The livestock and meat industry experienced an uptick in marketing activities during the first quarter of 2024, notably the cattle sector, which recorded a remarkable growth rate of 47.9%. Bank Windhoek’s executive officer for retail banking services and specialist finance James Chapman shared these figures with farmers during the recent Agra Weaner Championship Gala in...
The Development Bank of Namibia (DBN) is committed to financing economic activities in the country that meet the explicit funding requirements for sustainable socio-economic development and growth. Illuminating on the basis for DBN funding, Chief Marketing and Corporate Affairs Officer, Jerome Mutumba flagged that prime on the set of criteria to be met, an entity...
The Ministry of Mines and Energy (MME) is conducting a comprehensive National Energy Survey and Affordability Study in collaboration with the World Bank, which started on 7 October and is expected to end on 11 November 2024. The study, which is being carried out countrywide, aims to assess socio-economic conditions, identify development needs and provide...
The Namibia Financial Institutions Supervisory Authority (Namfisa) recently hosted a pension funds, industry engagement, bringing together key stakeholders in the financial sector to explore the role of unlisted investments in bridging funding gaps and fostering economic growth in Namibia. The event, themed “Unlisted Investments as a Solution for Bridging Funding Gaps in the Economy,”...
The country’s ongoing need to address the shortage of Work- Integrated Learning (WIL) opportunities for students has resulted in the Social Security Commission (SSC) commiting N$200 000 to the Namibia National Internship Programme (NNIP). This is to increase the programme’s intake capacity, which currently only stands at 300 trainees per annum. SSC is the sixth...
Grove Mall marked a significant moment in its history this week with the celebration of its 10th anniversary. The event, which included issuing vouchers worth N$10 000 to shoppers, was held at the Slowtown Atrium within the mall. In his opening remarks, JP Duncan, asset manager at Atterbury, a property development firm, expressed gratitude...
Executive Chairman of the O&L Group, Sven Thieme, this week took part in a groundbreaking moment for Germany’s energy transition with the launch of the Philippsee project. The floating photovoltaic (PV) system was launched on Monday as an example of harnessing unused water bodies for the generation of clean energy, contributing to renewable energy objectives. ...