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...
First National Bank Namibia has noted with regret the rising instances of people being swindled out of their funds while under threat of violence from criminals. The bank issued a statement after local media last week reported a 60-year-old pensioner was robbed of more than N$1 million from her FNB account. “Where such criminal incidents...
Michelle Doman and Rodger Suren won the elite women’s and elite men’s races, respectively, in the second edition of the 2025 Nedbank Windhoek Pedal Power Race Series, which took place at Copper Kettle in Windhoek on Sunday. Doman took top honours on the day after a sprint finish as well, ahead of Louise Breed, who...
Letshego Holdings Namibia has achieved a Net Promoter Score (NPS) of 40% in 2024, significantly surpassing the financial services industry average of 30%. This achievement highlights Letshego’s leadership in customer satisfaction within Namibia’s competitive financial sector. The Net Promoter Score is a globally recognised metric measuring customer advocacy. Letshego’s 40% NPS highlights strong customer advocacy...
Massmart and Walmart have announced the first Africa-focused supplier growth summit to be held in Johannesburg on 2 April 2025. Participation in this Massmart powered by Walmart Growth Summit is open to prospective suppliers and entrepreneurs from across the African continent, with interest from entrepreneurs based in Ethiopia, Kenya, Nigeria, Ghana, Botswana and Namibia. The...
Football fever is on a heightened level, with the much-anticipated first-ever edition of the MTC Maris Cup set to commence with the round of 16 this weekend at the Dr Hage Geingob Stadium. Ahead of the historic cup – which officially in MTC records becomes the single-biggest cup prize money on the local football circuits,...
Cricket Namibia (CN), one of the country’s most successful federations, has started the year with renewed energy. In a statement, CN highlighted 2024 as a phenomenal year filled with accomplishments that made a significant mark. Three standouts include: the FNB Namibia Cricket Ground, as the start of their stadium construction is setting the stage for...
Understanding the intricacies of numbers and mathematical problems can be a daunting task for many learners. The Namibia Mathematics Initiative (NMI) has taken on the challenge to address mathematical challenges, equipping senior secondary school teachers and learners in the Omaheke and Hardap regions with the necessary tools to thrive. Through a sponsorship of N$79 000...