RMB Namibia has entered a partnership with Yellowstone Trails which will run for three years and will see RMB become the official naming sponsor of the RMB Yellowstone Trails. “Along with a broader social commitment, RMB is a staunch supporter of family and family-oriented events (which RMB Yellowstone Trails offers); it believes in healthy bodies...
The Ohlthaver & List Group (O&L) has rebranded Dimension Data Namibia to Mach 10, marking a significant milestone in the Namibian information communication technology landscape. According to the group, the 100% acquisition of Dimension Data Namibia by O&L and the birth of Mach 10 signals not just a change in name but also a bold...
MUMBAI – Crowds of mourners gathered in India’s financial capital Mumbai yesterday for the funeral of industrialist Ratan Tata, hailed as a “titan” who led one of the country’s biggest conglomerates. Tata, who died aged 86 on Wednesday, transformed the Tata Group into asprawling international enterprise, with a portfolio ranging from software to sports cars.His...
In recent years, banking fraud has become increasingly sophisticated, with pensioners often finding themselves scammed by unscrupulous criminals. These retirees, who may be less tech-savvy and more trusting, have become prime targets in incidents that can devastate their life savings. “While pensioners are prime targets of criminals, it’s important to know you can fight back,”...
Having handed over N$7.7 million in dividends in the last financial year, Namibia’s only special risks insurance company, Namibia Special Risks Insurance Association Limited (Nasria) handed over a dividend of N$16 million for the 2024 financial year to its sole shareholder, government. Speaking at the dividend handover, Nasria board chairperson Adrianus Vugs said the dividend...
Green hydrogen is a complex new industry. Although its projects are not easy to realise, it inevitably holds transformational opportunities for many natural and corporate citizens of Namibia. This was part of the message by the Green Hydrogen Council chair, Obeth Kandjoze. He was responding to concerns that the emerging sector is being used to...
PARIS – The world is falling short of a global agreement to triple renewable energy capacity by 2030 but the target is within reach if governments take policy actions, the International Energy Agency (IEA) said yesterday. With China and solar energy leading the charge, renewables are set to meet almost half of global electricity demand...
The Global Credit Rating (GCR) agency recently affirmed a stable outlook for Bank Windhoek. This is as the ratings agency affirmed the bank’s Namibian long and short-term national scale issuer ratings AA(NA)/A1+(NA), respectively. At the same time, the South African long-term issuer rating has been affirmed at A(ZA). The international scales and definitions of AA,...
Following the conclusion of the Windhoek Show on 5 October 2024, Zimbabwean exhibitors expressed eagerness to enter the Namibian market while acknowledging significant barriers that could complicate their efforts. Local businesses in sectors such as leather and jewellery are well established, creating a competitive landscape that may challenge new entrants. Harald Schmidt, executive vice president...
The Financial System Stability Committee (FSSC) has recommitted to maintaining a high level of vigilance and to carefully monitor risks as well as steer the course to address any emerging risks in the domestic financial system. The FSSC, which was established by and operates within the ambit of the Bank of Namibia, recently concluded that...