Industries, mines, and energy minister, Frans Kapofi has proposed amending the Petroleum Exploration and Production Act, 1991 to shift several key powers in the petroleum sector from the ministry to the Office of the President. The proposal tabled by Kapofi in Parliament yesterday, aims to transfer some responsibilities from the Minister of Industries, Mines, and...
Vice president of the Economic Association of Namibia Jesaya Hano-Oshike said small and medium enterprises form the backbone of the economy. ‘ However, access to the capital remains limited. In addition, venture capital and private equity fill the void by providing funding and strategic guidance, governance and networks. He highlighted the roles of venture capital...
Bank Windhoek has launched its EasyWallet On-Send feature, which the bank described as a milestone innovation that empowers customers to send money instantly from one EasyWallet to another, anytime or anywhere. “The EasyWallet On-Send capability represents a first in the Namibian banking industry, enabling users to transfer funds seamlessly between wallets, even to individuals who...
TotalEnergies and Google have signed a 15-year Power Purchase Agreement (PPA) to supply Google with a total volume of 1.5 TWh of certified renewable electricity from TotalEnergies’ Montpelier solar farm in Ohio, USA. The solar facility, nearing completion, is connected to the PJM grid system, the largest in the United States, and will support Google’s...
Standard Bank Namibia has announced enhancements to its Digital Personal Loan Service, reinforcing the bank’s commitment to responsible lending and inclusive financial access. The upgraded platform enables clients to apply for and top up loans instantly via Internet Banking or Cellphone Banking (USSD short code: Dial *140*2345#), eliminating the need for paperwork, branch visits, or...
The Bank of Namibia, in collaboration with the Ministry of Industries, Mines and Energy, the Ministry of Justice and Labour Relations, and the United Nations, yesterday launched the ‘National Diagnostic of Informality in Namibia Report’. Speaking at the launch, deputy governor of the Bank of Namibia Ebson Uanguata, described the informal economy as a major...
Namibia must continue to plan, structure, manage and develop an energy sector that is capable of supporting and responding to domestic development aspirations, both today and in the future. In this regard, Namibian businesses should continue harnessing locally available resources, such as solar, biomass reserves and an excellent wind regime, for the benefit of all...
Standard Bank Namibia and RMB Namibia, in partnership with Terminal Investment Namibia (TIN), are playing a pivotal role in transforming the Port of Walvis Bay into a leading African transshipment hub. This landmark collaboration supports the terminal’s capital expenditure programme, which is expected to modernise terminal operations, enhance capacity and strengthen Namibia’s position as a...
FNB Namibia Retail has appointed Ziggy Muinjo as investment head and Carpio Minnaar as head of operations. Muinjo is a seasoned investment professional with more than a decade of experience across Namibia’s leading financial institutions. His career journey includes senior roles at the Government Institutions Pension Fund (GIPF), Rand Merchant Bank (RMB Namibia) and the...
Lama Walaula, co-founder of Meme-Weedelela, a business based in Windhoek and well known for selling and renting Oshiwambo traditional attire, caters to weddings (eemhoko), iitala pepata ceremonies, and other cultural events. Their colourful outfits are popular not only among the Aawambo people but also among anyone who wishes to celebrate Namibian heritage. Walaula shared that...