Following the recent light oil discoveries offshore in the Orange Basin, the National Petroleum Corporation of Namibia (Namcor) has seen increasing interest from potential upstream oil and gas investors. To service its clients, Namcor continues to host data rooms for clients to assess and evaluate non-proprietary exploration datasets for potential farm-in opportunities with existing acreage...
The Bank Windhoek Namibia Aquatic Sports Federation’s (NASFED) third Long Course Gala set new swimming records. Over 200 athletes competed in 41 swimming events held over the past weekend. The Gala was hosted simultaneously in three towns: at Olympia Swimming Pool in Windhoek, The Water Cube Swimming Pool in Swakopmund and Sand Sharks Swimming Pool...
Global financial advisory giant, deVere Group, issued a stark warning to investors to prepare for significant turbulence as the Federal Reserve may find itself at odds with the economic consequences of President Trump’s fiscal policies. Growing inflationary pressures are likely to reappear, and the Fed’s potential response could signal a seismic shift in financial markets....
Wind tunnels have long been used to design and test aerodynamic and energy-efficient vehicles. Now, Ford has combined the latest wind tunnel technology with the equivalent of a vehicle-sized treadmill to help create its next-generation of production vehicles, including the first-ever Mustang Dark Horse. Capable of simulating wind and road surface speeds of 322km/h, the...
Audi’s A3 Sportback and A3 Sedan head into 2025 with a sportier look, refreshed design elements and a rationalised range to make purchasing an A3 even more convenient and straightforward. In addition, the standard equipment tally has been expanded, new materials have been applied for increased comfort, and a highly-specified and eye-catchingly designed Black Edition...
To kick off the New Year, Bank Windhoek announced the launch of its refreshed corporate identity on Monday, 20 January. The bank has described the move as a bold step forward, reflecting its brand’s evolution and commitment to staying relevant in an ever-changing financial landscape. The new identity, which came into effect this month, introduces...
The Development Bank of Namibia (DBN) achieved an 86% compliance index (BB rating) for 2024, as awarded by the Association of African Development Finance Institutions (AADFI). This marks a significant improvement from the 82% score in the previous review, showcasing DBN’s steadfast commitment to governance excellence, financial stability and impactful development. AADFI is an umbrella...
Trustco Group Holdings Limited’s board of directors is evaluating options to delist from its primary listing on the Johannesburg Stock Exchange (JSE), its secondary listing on the Namibian Stock Exchange (NSX), as well as the OTCQX Market in the United States. “For nearly two decades, Trustco has maintained its listing in southern Africa, serving a...
The new note is meant to be an enduring tribute to the life, legacy and unparalleled contributions of the late former president Hage G. Geingob. In accordance with Section 38 (1) of the Bank of Namibia Act 2020 (Act No. 1 of 2020) as amended, BoN has the exclusive mandate to issue legal tender...
Namibia’s trade sector showed a notable improvement in November 2024, driven by an almost 40% annual increase in exports. As a result, the trade deficit, which is the amount by which a country’s imports exceed the value of its exports, narrowed to N$5.5 billion from N$7.7 billion in October. While this progress is notable, stock...