With the festive season fast approaching, the Namibian Police have noted with concern an increase in housebreaking cases, particularly in urban areas. In this regard, law enforcement have urged homeowners to remain vigilant and consider the following precautions and tips. Please follow these safety tips before leaving for the holiday: Inform the police in your...
The chief executive officer of the Namibia Financial Institutions Supervisory Authority (Namfisa), Kenneth Simataa Matomola, has been appointed as a member of the executive committee (Exco) of the International Association of Insurance Supervisors (IAIS) during the annual general meeting held on 5 December in Cape Town, South Africa. IAIS is a global standard setting body...
The domestic economy maintained a positive growth trajectory during the third quarter of 2024 albeit at a slower pace when compared to the same time last year. According to the central bank, Namibia’s economy registered a growth rate of 2.8% during the third quarter of 2024, which is lower than the 3.1% growth recorded in...
Chery has expanded its flagship Tiggo 8 line-up by introducing the new Tiggo 8 Pro Executive Plus. This value-packed trim is designed to make Tiggo 8 ownership more accessible, and offers an attractive price without sacrificing the luxury, safety or technology Chery is known for. From a styling perspective, the Pro Executive Plus impresses with an...
Bank Windhoek was recently recognised as the Best Foreign Exchange (FX) Bank in Namibia by London-based Global Finance, a leading international financial portal and print magazine. Global Finance covers various areas such as banking, trading, technology, tax and legal, and asset and wealth management. The bank also scooped the Small and Medium Enterprises’ (SME) Bank...
The Development Bank of Namibia (DBN) has announced the appointment of its chief executive officer John Steytler to the board of trustees of the Southern African Development Community’s Development Finance Resource Centre (SADC-DFRC). The appointment was confirmed at the SADC DFI Network meeting held on 29 November 2024 in Mbombela, South Africa. The SADC-DFRC is...
The Namibia Employers Federation (NEF) has been actively advocating the deferment of the National Minimum Wage (NMW) implementation, which is currently set for 1 January 2025. Despite extensive engagement with unions and government stakeholders, no agreement to postpone the date has been reached. Many union offices have already closed for the holiday season, leaving consultations...
The Namibian senior women’s hockey team successfully defended their Nkosi Cup in Cape Town on Tuesday night, crushing South Africa 3-1 in an intense final at the Wynberg Military Base. The victory marked another milestone for Namibia, securing their second consecutive Nkosi Cup. Namibia took control early in the match, with Jivanka Kruger scoring the...
The United States of America’s International Development Finance Corporation (DFC), Finnish Fund for Industrial Cooperation Ltd (Finnfund) and Google LLC on Monday announced an initial equity investment of US$90 million into Cassava Technologies Limited. Cassava is a market-leading and diversified information and communications technology (ICT) platform in Africa. Operating in over 30 countries, Cassava provides...
Organisers of the third edition of the 2024 Nedbank Volley first Tournament, scheduled for 21 December at the Mole in Swakopmund, say it’s all systems go for the highly-anticipated social event. Dave Hammond of Connect People to People (CPTP), said they have partnered Nedbank Namibia to organise the tournament, which moves from northern Namibia to...