Capricorn Group Limited’s annual results for the year ended 30 June 2025 indicate year-on-year growth of 14.8% in profit after tax, from N$1.74 billion at the end of the 2024 financial year to N$1.99 billion, quickly approaching the N$2 billion mark. With a final ordinary dividend of 74 cents per share, together with an interim...
One of the key objectives of the Forum of German-Speaking Namibians, which was formed in April 2021, is to promote Namibia as an attractive business location and to, if necessary, act as mediator between local and foreign enterprises and institutions. In this regard, the forum will host an open and solution-driven discussion on these issues...
A new entrant into Namibia’s fuel landscape is set to become one of the first locally owned major oil marketing companies (OMCs) in the country. Pending regulatory approval, a landmark decision could elevate Nasan Energies Namibia to become a leading player in the country’s retail fuel market, thereby restructuring an industry historically dominated by multinationals. ...
Debmarine Namibia on Monday unveiled two new 800NB crawlers and an upgraded recovery system for the MV Benguela Gem, marking a major upgrade in offshore diamond recovery technology. The 370-tonne crawlers are designed for tougher seabed conditions and will increase mining rates by 20% while extending pump life by 30%. They are expected to add...
The Environmental Investment Fund of Namibia (EIF) is on the brink of a breakthrough, as its proposal to establish the country’s first Green Industrial Zone has advanced to the final approval stage for a substantial €25 million, approximately N$625 million grant under the Mitigation Action Facility (MAF). According to a statement issued by EIF’s Chief...
Deputy Prime Minister and Minister of Industries, Mines and Energy Natangwe Ithete has clarified government’s position on the proposed African Sustainable Industrialisation Institute (ASII) that has been suggested to help African governments and businesses identify and leverage opportunities in green industrialisation. The proposal came to the fore during the recent Global African Hydrogen Summit took place in...
LONDON – Stock markets and the dollar steadied yesterday as investors expected the US Federal Reserve to cut interest rates to shore up the world’s biggest economy. Traders took a breather from the global rally that lifted several equity indexes to record highs over recent weeks, as they anticipate the Fed decision and post-meeting comments...
Pinehas K Pinehas The African Global Hydrogen Summit, held last week at the Mövenpick Hotel in Windhoek, provided a platform for innovators and investors to explore opportunities within the rapidly expanding hydrogen sector. More than just an energy conversation, the summit showcased how different industries are converging to support and accelerate the development of hydrogen...
The Government Institutions Pension Fund (GIPF) has a vested interest in the country’s financial system for the very reason that its members are part and parcel of the domestic financial community. This was the message from GIPF chairperson of the board of trustees Penda Ithindi, at the recently ended Alliance for the Financial Inclusion (AFI)...
A high-level delegation of the European Union is scheduled to visit Namibia from today to Friday. It aims to reinforce the EU-Namibia partnership and see how Global Gateway investments in Namibian green industrialisation boost job creation and growth. The delegation consists of the EU Commissioner for International Partnerships, Jozef Síkela, and the chair of the European...