Elisenheim Property Development Company Limited (EPDC), an investee company of Trustco Group Holdings Limited, has received the renewal of its Environmental Clearance Certificate (ECC) to continue the development of the Elisenheim Lifestyle Estate. This is the fourth time the project has received environmental approval. The renewed certificate allows EPDC to move forward with Phase 4...
PARIS – Oil prices yesterday rose further above US$100 a barrel, and Asian stocks mostly fell as the war in Iran entered a third week. A barrel of Brent was up almost 3% at nearly US$106 in mid-morning trading in Europe. Crude rose after United States president Donald Trump said over the weekend that forces...
Nedbank Namibia has appointed John-James Tromp as its new head of consumer banking, effective 1 March 2026. The appointment forms part of the bank’s efforts to strengthen its services for everyday customers across Namibia. Consumer banking focuses on services that affect people’s daily financial lives, including saving, borrowing and managing money. In Namibia, access to...
Namibia’s inflation rate fell to a four-year low in February, but economists warn this might only be the calm before the storm. Rising geopolitical tensions in the Middle East have sharply altered the global energy outlook, raising the risk that Namibia’s disinflation trend could soon reverse. According to analysis from financial services firm Simonis Storm...
The African portfolio for energy supermajor Chevron is entering a new phase of exploration-led growth. This is as international energy companies continue to pursue new discoveries across frontier basins and established producing hubs. For Chevron, Namibia has emerged as one of the most closely watched exploration regions in the world following a series of major...
PARIS – For anyone in the import business, the economic risks from the war in the Middle East arrive by sea — and that goes for everyone who buys their products, too. As the war rages into its third week, the near-total closure of the strategic Strait of Hormuz has upended not just the oil...
Namibia and Russia are seeking to strengthen economic cooperation as government officials and business leaders attended the Namibia-Russia Business Forum on Friday. The forum was hosted by the Ministry of International Relations and Trade in partnership with the Namibia Investment Promotion and Development Board. The event aimed to strengthen economic cooperation and create new opportunities...
The First National Bank Namibia has stated that its Automated Deposit Terminals (ADTs) across the country can now accept the newly upgraded Namibia Dollar banknotes. The upgrade follows the national rollout of the next generation of banknotes by the Bank of Namibia. Customers can now deposit the enhanced N$200, N$100, N$50, N$20 and N$10 banknotes...
The Namibian government has received interest from investors and developers following its invitation of proposals for green industrialisation projects under the Namibia Green Hydrogen Programme (NGH2P). Speaking at a recently held stakeholder workshop in Windhoek, transaction advisor at CrossBoundary Group Pierre-Adrien Baudelet said the 148 project proposals were submitted, representing potential investments of around US$1...
Standard Bank Namibia on Wednesday hosted the Annual Budget Dialogue 2026 in Windhoek, bringing together leaders from government, finance and industry to discuss the direction of the country’s national budget. The discussion focused on the 2026/27 national budget and its implications for Namibia’s economic future. Speakers said the budget sends a clear signal about the...