Oryx Properties, a wholly Namibian-owned property investment company, has announced its intention to acquire the Platz am Meer Shopping Centre in Swakopmund from South African company Safari Investments for N$290 million. The transaction, which includes additional undeveloped land adjacent to the shopping centre, is subject to approval by the Namibia Competition Commission. The acquisition represents...
In a powerful keynote address delivered during a regional International Women’s Day webinar attended by over 120 participants in Gaborone, Stanley Mutoya, chief executive of the African Union Sports Council Region 5, issued a rallying call to accelerate action in empowering women in sport. Speaking under the theme “Accelerating Action: Empowering Women for a Brighter...
A significant decline in global oil prices due to increased supply, specifically from non-OPEC producers, will see domestic fuel prices decline this coming Wednesday. The petrol price will reduce by 50 cents a litre, while both diesel variants will be 80 cents a litre less. This means that at Walvis Bay, which is the port...
The Namibia Revenue Agency (NamRA) says it is committed to supporting the realisation of the national budget objectives by enhancing revenue-collection efforts. These collection efforts are the core of NamRa’s mandate to ensure the State has the necessary resources to implement the stated policies and programmes. NamRA congratulated finance minister Ericah Shafudah on tabling a...
In September 2024, Bank Windhoek published its third Sustainability Bond Impact Report, highlighting the impact of its financing initiatives during the 2023-2024 financial year. The N$407 million raised from the inaugural issuance enabled the bank to advance sustainable finance in Namibia by supporting small-scale projects, and reinforcing its commitment to responsible business practices and environmental...
Trustco’s Real Estate Portfolio has received approval and has registered the Ombala Estate in Ondangwa’s Extension 11, which it intends developing. In a statement issued yesterday, Trustco noted the proposed development has been officially approved and registered, marking a significant milestone in Ondangwa’s expansion. This premium development, acquired by Trustco Properties in 2010, offers residential,...
The Eco Dialogue Collective, a new European Union-funded initiative, will support Namibia’s transition to a greener future by strengthening transparency and accountability in the management of natural resources such as green hydrogen, oil and gas. “Namibia has an abundance of natural resources and precious ecosystems that need protection. But it also faces the effects of...
Trustco Group Holdings Limited has launched an Employees’ Children Internship Programme, designed to provide valuable work experience and professional development opportunities to the children of current and former Trustco employees. The programme offers a structured pathway for employees’ children who have completed their secondary education, are pursuing tertiary studies or recent graduates seeking to gain...
The Namibia University of Science and Technology (NUST) 20 March 2025, hosted a public lecture delivered by Zurab Pololikashvili, Secretary General of the United Nations World Tourism Organisation (UN Tourism). The event themed ‘Sustainable Tourism in Africa: Harnessing Technology, Inclusion and Heritage for a Resilient Future’, brought together key tourism stakeholders, academics and students, fostering...
Launched in 2024, the MSME Development Fund at Namibia Breweries Limited (NBL), with a budget of N$25 million, aims to support micro, small and medium enterprises (MSMEs) to foster growth and contribute to Namibia’s economic advancement. NBL has also committed to allocating N$5 million annually for five years to develop firms owned by historically disadvantaged...