The Capricorn Foundation has reaffirmed its commitment to economic development and community upliftment by investing a further N$1.17 million in the RuralRevive Initiative in Maltahöhe, supporting two work packages: horticulture and waste management. This investment aligns with the foundation’s focus on economic advancement and strengthens its existing partnership with the Wolwedans Foundation. RuralRevive is an...
LUANDA – President Netumbo Nandi-Ndaitwah has announced that the Namibian government is finalising a major trade and investment law aimed at strengthening the country’s economic appeal to both domestic and international investors. Speaking during the Invest in Namibia session at the U.S.- Africa Business Summit in Luanda, Angola, the President said the Namibia Investment Promotion...
Namibia Green Hydrogen commissioner James Mnyupe said the country’s green hydrogen sector had attracted more transformative projects investment, with approximately N$2.08 billion already committed across various projects. Importantly, over 800 Namibians have been employed across pilot and early-stage initiatives. In addition, close to N$170 million has been channelled to local SMEs, demonstrating early traction in...
Nedbank Namibia has concluded a funding deal that marks the beginning of a strategic partnership aimed at advancing Namibia’s mining sector. The deal is with Trollope Contractors Namibia (Pty) Ltd, an affiliate of the South African-based Trollope Mining Group. The deal. The funding package, which includes asset-based finance and working capital facilities, will enable Trollope...
“Rooted in Growth for Sustainability” underscores Old Mutual’s commitment to fostering meaningful, sustainable entrepreneurship rooted in community while empowering individuals to take ownership of their growth and social impact. This theme underscores the Old Mutual Foundation’s fourth and final leg of its flagship entrepreneurship initiative, the Old Mutual Sustainable, Economic and Empowerment Drive (OM SEED). ...
An action plan by Namibia’s Financial Intelligence Centre (FIC) addressed 13 strategic deficiencies related to the ineffectiveness of the country’s antimoney laundering (AML), counterterrorism financing frameworks (CFT) and Countering Proliferation Financing (CPF). These deficiencies have to be remedied within various set timelines, which expire in May 2026. This is according to Bryan Eiseb, director of...
ROSH PINAH – NamPower recently made history by breaking ground for the biggest solar power plant ever to be constructed in the country, constituting an investment of N$1.6 billion. The historic groundbreaking ceremony took place last week for the 100 MV Sores IGaib, outside the southern town of Rosh Pinah, for the solar power station....
NIAMEY – Niger’s ruling military junta on Thursday announced that it was nationalising a unit of French uranium company Orano, the latest step in a deepening rift between Paris and Niamey. Orano had already lost operational control of its Niger-based subsidiary Somair last year. “Faced with the irresponsible, illegal and disloyal behaviour of Orano, a...
The Government of the Republic of Namibia, guided by the Swapo Party manifesto, has identified nuclear energy as a strategic priority. This initiative aims to diversify the national energy mix, enhance energy security and support long-term sustainability. Namibia currently imports more than half of its electricity, despite having abundant solar and wind resources. However, the...
Old Mutual Namibia, through the Old Mutual Investment Group (OMIGNAM), last week expanded its investment horizon with the unveiling of the World Wide Equity Fund. This fund represents more than diversification, it symbolises Old Mutual Namibia’s ambition to give Namibian investors a credible and convenient pathway to global markets, while remaining rooted in the strength...