2024-02-05Staff Reporter Sanlam last week proposed to buy its smaller competitor, Assupol Holdings Limited, for around N$6.5 billion. Sanlam has officially stated its intention to acquire 100% of the issued ordinary shares of Assupol through a scheme of arrangement, with a fallback general offer to Assupol shareholders. View more
2024-02-05Edgar Brandt “HE will be remembered for his generosity…He was a humble man… He was accessible to all Namibians…He could strike up a conversation with anyone”. View more
2024-02-02Correspondent Shell yesterday said its net profit more than halved to US$19.4 billion in 2023 on lower energy prices, after rocketing to a record peak the previous year following the Ukraine conflict. View more
2024-02-02Staff Reporter The Walvis Bay Corridor Group (WBCG) has signed a Memorandum of Agreement (MoA) for fuel sponsorship with Engen Namibia, reaffirming and further strengthening their strategic public-private partnership. View more
2024-02-02Edgar Brandt A shift in domestic borrowing patterns has led to an increase in the overall debt stock. This has resulted in household debt escalating to N$66.8 billion in December 2023, up from N$64.7 billion in December 2022. View more
2024-02-01Correspondent Namibia’s oil discoveries have been a source of optimism for the future trajectory of the economy. Yet, with great excitement comes caution, as other countries’ experiences internationally provide stark lessons on the double-edged sword of oil riches. View more
2024-02-01Staff Reporter O&L Leisure has procured new premium Land Cruisers for Mokuti Etosha, reflecting its commitment to providing nature-based experiences in alignment with its new premium positioning. View more
2024-02-01Staff Reporter The International Air Transport Association (IATA) released data for global air freight markets showing that air cargo demand rebounded in 2023 with a particularly strong fourth quarter performance despite economic uncertainties. Full-year cargo demand reached a level just slightly below 2022 and 2019. View more
2024-02-01Maihapa Ndjavera Revenue from mobile voice and SMS services in Namibia show a consistent decline while data revenue continues to grow. View more
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