The 2024 Old Mutual Sustainable, Economic and Empowerment Drive (OM SEED) initiative has officially concluded, marking another successful year of empowering Namibia’s brightest entrepreneurial minds. This year’s programme concluded in the Oshikoto region, where innovative businesses and exceptional talent were uncovered, awarding three standout entrepreneurs who are set tomake a lasting impact in their communities....
TotalEnergies has acquired Tecoil, a Finnish company specialising in the production of Re-Refined Base Oils (RRBOs), which has the most efficient used oil regeneration process on the market today. Tecoil currently operates a production facility of 50 000 tonnes of RRBOs per year in eastern Finland. Tecoil has developed its own circular economy network for...
Capricorn Private Wealth (CPW) is supporting the 43rd Annual Medical Congress, facilitated by the Medical Association of Namibia (MAN), with a sponsorship of N$200 000. Capricorn announced the partnership last week Friday. The event is scheduled to take place at the University of Namibia Hage Geingob Campus on Friday, 12 July and Saturday, 13 July...
Despite higher interest rates that might have deterred credit demand, corporate appetite has actually increased as Private Sector Credit Extension (PSCE) for May reached the highest level recorded so far this year. This is the highest level since the 3.9% year-on-year (y/y) increase seen in March 2023. “This implies that companies think now is a...
Kehad Snydewel Artificial Intelligence (AI) has permeated every aspect of our lives, at least if you take the media’s word for it. By leveraging AI, every facet of our lives and work becomes more efficient and manageable. However, when you ask questions and look for explanations from people who live and breathe AI, they often...
Many consumers are not aware of the comprehensive suite of services and resources their bank can provide. This is according to Brian Katjaerua, chief executive officer at the Bankers Association of Namibia, who said banks are committed to assisting customers on their journey to financial wellness, offering educational resources and personalised guidance at every turn. ...
The Africa Hospitality Investment Forum (AHIF) Conference took place in Windhoek, Namibia from 25 to 27 June. Stakeholders in the hospitality and tourism industry, including investors and industry executives, gathered under the theme “Inspiring Growth, Powering Investment.” The main topics discussed included the potential for future developments, and investment in the domestic hospitality and tourism industry...
After factoring in recent international oil price adjustments, the energy ministry yesterday announced a decrease in local fuel prices. Tomorrow, petrol will decrease by 80 cents per litre, diesel 50 ppm will go down by 60 cents per litre, and diesel 10 ppm will decrease by 70 cents per litre. This means that in Walvis...
Online publications report that Norwegian company Scana has expanded internationally through the establishment of a Namibian subsidiary. This is as Namibia continues to cement itself as an exploration hotspot after recent deepwater oil discoveries. “Scana-owned PSW Technology is following key customers, including Odfjell Drilling and Northern Ocean internationally, and has established a strategically-important subsidiary in...
The Financial Intelligence Centre has had a hand in chanelling billions of dollars into State coffers over the years, as recently revenue collection in Namibia has consistently exceeded collection targets. The Financial Intelligence Centre (FIC) is tasked to serve as a regulator and supervisor of anti-money laundering and combating the financing of terrorism and proliferation...