The Government Institutions Pension Fund (GIPF) announced on Monday that GIPF has unlocked pension access for housing, with up to N$900 million committed to helping members buy or build homes. Members can now borrow up to one-third of their pension benefits to purchase or construct houses through First Capital Housing Scheme and Kuleni Financial Services....
The Namibia Special Risks Insurance Association (NASRIA) has recorded its strongest financial performance in history. Total assets climbed to N$869 million, with net profit surpassing the N$100 million mark for the first time since the institution’s inception. This was confirmed by NASRIA’s managing director John Uusiku at the Broker Awards, who described the 2024 financial...
Mobile Telecommunications Limited (MTC) has recorded a 15.8% year-on-year revenue increase from N$1.57 billion to N$1.82 billion for the six months ending 31 March 2025. The strong performance was credited to continued subscriber growth, enhanced product offerings, and solid momentum across the company’s diversified portfolio. In a statement released by the company, MTC highlighted that...
BAMAKO – Authorities in junta-led Mali are selling gold from a major mine seized from Canadian firm Barrick last month, with the aim of restarting operations, official sources told AFP Thursday. A court ruled in June that the western Loulo-Gounkoto mine, one of the world’s largest gold complexes, would be managed for six months by...
MAPUTO – Construction on a stalled US$20 billion gas project by TotalEnergies in Mozambique is edging closer to restarting, four years after it was suspended due to a bloody jihadist insurgency. The French oil giant has said it hopes to re-ignite the project this summer, and chief executive Patrick Pouyanne is expected in the capital,...
The Mining Expo & Conference, Namibia’s premier mining industry event, will return to the Windhoek Showgrounds from 5 to 7 August 2025, with the country’s extractive sector. Sponsored by Rand Merchant Bank (RMB), the flagship event has been expanded to three full days in response to overwhelming demand from exhibitors, investors, and industry stakeholders. The...
LAGOS – The four richest Africans are wealthier than about half of the continent’s 750 million people, anti-poverty charity Oxfam said in a report published on Thursday, warning widening inequality is hampering democracy. Oxfam named only Nigerian billionaire Aliko Dangote, the continent’s richest man, in its report. But according to Forbes, the top four are...
PARIS – The OPEC oil cartel yesterday stated that demand for crude will continue to expand through at least 2050, calling efforts to rapidly shift away from fossil fuels an unworkable fantasy. In its latest annual report on the outlook for oil demand, OPEC sees global oil demand rising by 18.6% from 103.7 million barrels...
The Ohlthaver & List Group (O&L) has welcomed 13 new graduates into its 2025 Emerging Talent programme, reinforcing the group’s commitment to developing the country’s future workforce and addressing the critical challenges of youth unemployment, which is estimated at over 37%. According to the Namibia Statistics Agency, the youth unemployment rate is higher among those...
The Central Procurement Board of Namibia (CPBN) has concluded a N$121 million procurement contract with Intelsat Ventures, on behalf of the Namibia Broadcasting Corporation (NBC), for the implementation of Direct-To-Home (DTH) Transmission Services. The contract signing marks a significant milestone in Namibia’s efforts to enhance nationwide broadcasting capabilities and ensure equitable access to radio and...