O&L BrandX proudly announces its strategic agency partnership with Sprout Social. This collaboration makes BrandX the first agency in Namibia to partner with Sprout Social, an internationally-accredited social media management platform designed to help businesses centralise and optimise their social media activities. “We are thrilled to be the first agency in Namibia to partner with...
NAMITVEST Investment Holdings paid its first dividend to beneficiaries on 29 November 2024, marking a significant step in its mission to empower members and former members of the Mineworkers Union of Namibia (MUN) and their dependents through financial growth and generational wealth-creation. This milestone reflects NAMITVEST’s commitment to uplifting former and current MUN members, and...
LONDON – British oil giant BP announced on Monday it will significantly reduce investment in renewable energy through to 2030, as it combines its offshore wind business with that of Japanese power company Jera. The equally-owned joint venture, Jera Nex BP, is set to advance the companies’ existing wind projects and create one of the...
Trustco Group Holdings Limited has distributed a circular and notice of a general meeting related to its N$469 million (US$26 million) equity acquisition of additional shares in Legal Shield Holdings Limited (LSH). The transaction, initially announced on 23 April 2024, involves Trustco acquiring 1 135 shares from Riskowitz Value Fund LP (RVF), which will increase...
The European Investment Bank (EIB) has committed US$80 million (about N$1.4 billion) in equity to the Pembani Remgro Infrastructure Fund II (PRIF II) to finance infrastructure projects in sub-Saharan Africa. This investment was announced at the recent Africa Investment Forum. The financial instrument is intended to fund renewable energy, digital infrastructure and transportation initiatives that support...
Sustainability is rapidly becoming a focal point in global business and policy conversations as companies recognise the necessity of balancing environmental, social, governance (ESG) and economic considerations. In Namibia, however, the integration of sustainability into business operations remains in its early stages, with varying levels of understanding and commitment. For many, sustainability is still viewed...
The Bank of Namibia (BoN) and the Communications Regulatory Authority of Namibia (Cran) recently formalised their cooperation through the signing of a Memorandum of Understanding (MoU) in Windhoek. This MoU strengthens collaboration between the two regulators, reinforcing their commitment to the effective regulation of the telecommunication and financial sectors in Namibia. BoN, established under the...
Paratus Botswana, a leading telecommunications and network services provider, has commenced work on lighting a new fibre route, the Southern African Development Community (SADC) Highway, which will connect Gaborone in Botswana, through Zimbabwe, to Livingstone in Zambia. The first section in Botswana, which runs from Gaborone to Plumtree, spans approximately 500 kilometres. It is scheduled...
In a strategic move for the burgeoning domestic oil and gas industry, Cabinet recently approved the National Upstream Local Content Policy. The policy is set to play a crucial role in reducing Namibia’s dependence on foreign expertise by focusing on the development of local capacity. Aimed at strengthening economic sovereignty and empowering Namibians within the...
The Development Bank of Namibia (DBN) has appointed its new board of directors, effective 1 January 2025 until 31 December 2027. The board was appointed by the finance and public enterprises minister, Ipumbu Shiimi, in line with the Public Enterprise Governance Act No. 1 of 2019 (PEGA). The appointments highlight confidence in the board’s leadership...