Nedbank Group’s results for the six months to 30 June 2025, amid a challenging operating environment, reflect 6% growth in headline earnings (HE) to R8.4 billion and return on equity (ROE) that improved slightly to 15.2% (H1 2024: 15.0%). The increase in HE was driven by non-interest revenue (NIR) and associate income growth. This is...
Beatrice Bienvenu has been appointed to lead Chevron’s exploration activities in Namibia and West Africa as country manager. She recently visited Windhoek in her new capacity and met with the leadership from the Upstream Petroleum Unit in the Office of the Presidency, the National Petroleum Corporation of Namibia (Namcor), the Petroleum Training and Education Fund...
The O&L Group marked a significant milestone on 8 August 2025 at Midgard Otjihavera Windhoek with the inaugural O&L Persona Champion of 2029 awards ceremony, celebrating employees who exemplify the company’s core Persona characteristics of being ‘authentic, caring and passionate’ while driving meaningful impact across the organisation. The ceremony represented the evolution of O&L’s employee...
WASHINGTON – A recent US employment report confirmed “signs of fragility” in the labour market, a senior central bank official said Saturday, backing three interest rate cuts this year to guard against further weakening. In prepared remarks to a summit in Colorado, Federal Reserve Vice Chair for Supervision Michelle Bowman called for a “proactive approach”...
The 12th edition of the Mining Expo ended at the Windhoek Showgrounds on Friday after three successful days of activity, marking the biggest event in its history. Organised by the Chamber of Mines of Namibia, this year’s Expo attracted a record 198 exhibitors and featured 335 exhibition booths. Held over three full days for the...
To unlock the full potential of a digital financial ecosystem in Namibia will require new models, new tools, and, crucially, new mindsets. This is according to Kenneth S. Matomola, chief executive officer of the Namibia Financial Supervisory Authority (Namfisa), who was speaking at FinTech Square 2025, a flagship initiative under the authority’s innovation agenda that...
MTC last week stated it has received positive feedback from the market regarding its newly launched Taamba Maris Loan product. MTC‘s Chief Human Capital, Marketing, Communications & Sustainability Officer, Tim Ekandjo, in a media statement, explained that the era of short-term loans masquerading as financial inclusion solutions, which often trap Namibians in deeper debt, is...
Hilma Nalupe Andrada Mining is continuing its expansion in Namibia with a sharpened focus on critical minerals, positioning the country as a key player in the global supply chain for tin, lithium, copper and tantalum. Speaking at the Mining Expo, Chief Executive Officer, Anthony Viljoen, said Namibia’s favourable geology, legal framework and access to international...
KATIMA MULILO – The director of Energy Funds in the Ministry of Industries, Mines and Energy Anna Libana said her ministry has, through the Solar Revolving Fund (SRF), financed a total of 5 709 renewable energy technologies and 93 grid connections. These amounted to N$176 million since 2010 when the ministry took this mandate that...
Namibia’s inflation rate has slowed, offering some relief to many households across the country. However, while the overall rise in prices has eased, the cost of living remains pressing in some parts of the nation. The Namibia Statistics Agency (NSA) reported yesterday that headline inflation – the general rise in prices – stood at 3.5%...