Business

Following the recent light oil discoveries offshore in the Orange Basin, the National Petroleum Corporation of Namibia (Namcor) has seen increasing interest from potential upstream oil and gas investors. To service its clients, Namcor continues to host data rooms for clients to assess and evaluate non-proprietary exploration datasets for potential farm-in opportunities with existing acreage...

We know it really matters how Hyphen delivers green hydrogen for Namibia. It is critical we acknowledge and position our project in its overall context – balancing the positive socio-economic impacts it will bring to the country and its people, whilst identifying and minimising its environmental impact.  We will do this through continuing to work...

While much-anticipated clean energy is yet to be produced at the Daures Green Hydrogen Village, the project has started harvesting its first cucumbers and is on track to produce more vegetables throughout the rest of the year.  In fact, vegetable production is an integral aspect of the ambitious project on the fringes of the desolate...

The escalation of fraud cases in Namibia’s banking sector has resulted in anxiety among members of the public, who fear for unauthorised transactions on their accounts. The prevalence in fraudulent activities in some commercial banks has, of late, left many customers feeling vulnerable, with numerous reports of individuals losing substantial amounts of money across various...

LAGOS – Mobile telephone and data subscribers in Nigeria will now have to pay more after the government approved a 50% increase in tariffs, as the country battles one of its worst cost-of-living crises in decades.  The industry regulator, the Nigerian Communications Commission (NCC), said earlier this week that it approved the tariff hike “in...

Global financial advisory giant, deVere Group, issued a stark warning to investors to prepare for significant turbulence as the Federal Reserve may find itself at odds with the economic consequences of President Trump’s fiscal policies.  Growing inflationary pressures are likely to reappear, and the Fed’s potential response could signal a seismic shift in financial markets....

First National Bank (FNB) of Namibia yesterday advised clients to guard against becoming victims of fraudsters.  During a morning media briefing the bank noted that people simply fall prey to the scammers by unwittingly disclosing their private information in different ways.  Banking fraud is increasingly becoming of significant concern in Namibia, with a greater number...

To kick off the New Year, Bank Windhoek announced the launch of its refreshed corporate identity on Monday, 20 January. The bank has described the move as a bold step forward, reflecting its brand’s evolution and commitment to staying relevant in an ever-changing financial landscape.  The new identity, which came into effect this month, introduces...

The Development Bank of Namibia (DBN) achieved an 86% compliance index (BB rating) for 2024, as awarded by the Association of African Development Finance Institutions (AADFI). This marks a significant improvement from the 82% score in the previous review, showcasing DBN’s steadfast commitment to governance excellence, financial stability and impactful development. AADFI is an umbrella...