The Nedbank Group has posted strong financial results for the first half of 2025. It says its next phase of growth will be led by its operations across the African continent. The bank’s Africa Regions (NAR) cluster, which includes Eswatini, Lesotho, Mozambique, Namibia and Zimbabwe, along with representative offices in Kenya and Ghana, is playing...
The Bankers Association of Namibia (BAN) has reaffirmed its commitment to inclusive education and skills development by donating N$100 000 to the University of Namibia (UNAM). The donation was made at the second annual chancellor’s charity gala dinner on Friday at the Windhoek Country Club Resort. The event was hosted by the University of Namibia Foundation under...
The Sinomine Tsumeb Smelter, traditionally a cornerstone of Namibia’s industrial mining capacity, is currently undergoing a critical realignment. It is in the process of committing N$2 billion for the development of a multi-metal recycling project. Industry insiders consider this a bold move for Sinomine to focus on polymetallic recovery. The new recycling plant aims to...
Hendrina Lazarus (44) sits at her sewing machine in the bright, clean workspace of the Katutura Incubator Centre, surrounded by fabric, sketches and the soft hum of industry. A far cry from where she began her tailoring journey. In 2015, faced with unemployment and three children to feed, Lazarus began renting space in a shack...
Peya Shingwandja, the founder of E-Tech, started his business journey as a university student fixing phones and laptops with his friends. Today, he runs his own tech company and helps train young people in the same field. He grew up in a business-minded family, but as a child, his focus was on playing soccer. It...
Namibia’s mining sector is a cornerstone of its economy, contributing about 50% of merchandise exports and 12% of Gross Domestic Product (GDP), driven by diamonds, uranium, gold, zinc, copper, lithium and rare earth minerals. In 2024 alone, diamond exports generated over N$21 billion, while uranium and gold continue to anchor foreign exchange inflows. Despite this,...
Felix Nanda, a Namibian student, has graduated from the first-ever class of the “Mining Geology” master’s programme at The Peoples’ Friendship University of Russia (RUDN University), joining a new wave of African experts ready to modernise the continent’s mining industry. The two-year programme, taught in English and supported by the Russian nuclear energy company Rosatom,...
JOHANNESBURG – South Africa (SA) will seek new markets in Africa and Asia as it continues to negotiate with the United States (US) over looming 30% trade tariffs, president Cyril Ramaphosa said yesterday. The US is SA’s second-largest trading partner, and Pretoria has warned the US levy could cost 100 000 jobs, with unemployment already...
In response to growing backlash from certain sections of society regarding the recently introduced N$1 coin, the central bank issued a statement emphasising that the new currency actually represents trade and interaction between communities. “The N$1 was designed to honour Namibia’s retail sector, a cornerstone of the national economy that empowers local businesses, sustains households,...
The Pupkewitz Foundation, the community social investment arm of the Pupkewitz Group, last week made a milestone pledge of N$10 million over the next 12 months. The massive pledge formed part of the group’s centenary celebrations as it celebrates 100 years of doing business in Namibia. The enormous commitment by the foundation signifies N$100 000...