Having handed over N$7.7 million in dividends in the last financial year, Namibia’s only special risks insurance company, Namibia Special Risks Insurance Association Limited (Nasria) handed over a dividend of N$16 million for the 2024 financial year to its sole shareholder, government. Speaking at the dividend handover, Nasria board chairperson Adrianus Vugs said the dividend...
The Global Credit Rating (GCR) agency recently affirmed a stable outlook for Bank Windhoek. This is as the ratings agency affirmed the bank’s Namibian long and short-term national scale issuer ratings AA(NA)/A1+(NA), respectively. At the same time, the South African long-term issuer rating has been affirmed at A(ZA). The international scales and definitions of AA,...
The Financial System Stability Committee (FSSC) has recommitted to maintaining a high level of vigilance and to carefully monitor risks as well as steer the course to address any emerging risks in the domestic financial system. The FSSC, which was established by and operates within the ambit of the Bank of Namibia, recently concluded that...
The Capricorn Foundation reaffirmed its commitment to job creation and economic advancement by extending its partnership with the Women at Work Training Centre. The Foundation donated N$350 000 to the Centre, which will be used to train young women and men in basic hospitality skills courses. The Women at Work Training Centre offers practical skills...
In what is described as a groundbreaking move to upskill and empower Namibia’s creative professionals, Ogilvy Namibia recently launched its Ogilvy Academy in partnership with the Red & Yellow Creative School of Business at an event at the Multichoice Auditorium. With over 30 years of experience in the marketing, advertising and communications, Ogilvy Namibia said...
World Boxing Organisation (WBO) Africa super middleweight champion Paulinus Ndjolonimus will face Ghana’s Abubakar Mubarak in a highly anticipated title match next month. The two fighters will clash in the main event of the ‘Your Vote Count’ boxing bonanza, set to take place at the Windhoek Country Club and Casino. The event, scheduled for 16...
The 2024 Nedbank for Good Series, which concluded last Friday, successfully raised N$250 000 to support Agra ProVision in its efforts to assist underprivileged farmers. The successful completion of the series highlights the effectiveness of collaboration, innovation and community engagement. Since its inception five years ago, the series has united golfers and stakeholders from various...
MTC Maris is a mobile phone-based money transfer and payments service. The service was launched last week by Windhoek General Administrator (WGA), the financial technology arm of MTC that operates independently from its parent company. The new service allows users to deposit, withdraw, transfer money and pay for goods with a mobile device. Maris, meaning...
Sinomine Resource Group has appointed Logan Lou Yonggang as chief executive officer (CEO) of Sinomine Tsumeb Smelter. Zebra Kasete, former managing director, will transition into a new role as executive vice president of business development of Sinomine Tsumeb Smelter. He will be accountable for client acquisition, developing strategic partnerships and overseeing stakeholder relations. He...
Reconnaissance Energy Africa (ReconAfrica) is progressing with its onshore exploration, although at a slightly slower pace than anticipated due to delays caused by slower drilling rates. The Canadian oil and gas company, which is exploring in the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert in northeastern Namibia and northwestern Botswana, last...