Search in the website:
Archives / Page 85
TransNamib Hunts for a Lender’s Technical Advisor
By: Hertha Ekandjo TransNamib is in the process of appointing a Lender’s Technical Advisor to facilitate the finalisation of the N$2.6 billion loan it secured from financial institutions two years ago. The state-owned rail operator secured nearly two years ago with the Development Bank of Namibia (DBN) and the Development Bank of Southern Africa […]
Paladin Energy Gets N$2.8 Billion Loan to Restart Langer Heinrich Mine
By: Staff Writer Australian mining company Paladin Energy has secured a N$2.8 billion syndicated debt facility in preparation for the restart of the commercial production at its Langer Heinrich uranium mine in the Erongo region. The debt facility was orchestrated through Nedbank Limited, operating via its corporate and investment banking division (Nedbank CIB), […]
Bankers’ Association Advises Public on Avoiding Repossession
By: Staff writer The financial challenges associated with an economic downturn can lead to distressing consequences, with asset repossession being one of the most concerning for consumers. In response to this, Brian Katjaerua, the CEO of the Bankers’ Association of Namibia (BAN), encourages effective communication to prevent repossession, asserting that banks are generally […]
RMB Namibia Scoops Best Foreign Exchange Bank Award
By: Joseph Jeremia RMB Namibia has scooped the prestigious Best Foreign Exchange Bank award in the country at the 24th annual Global Finance’s World’s Best Foreign Exchange Banks, part of the esteemed Gordon Platt Foreign Exchange Awards. These awards pay tribute to the late expert journalist Gordon Platt, who possessed over 40 years […]
Financial Resilience: Strategies for Navigating Economic Uncertainty in the New Year
By: Jo-Ann van Wyk Stepping into a new year requires more than ordinary financial planning, especially in the ever-changing landscape of economic challenges. Financial resilience emerges as a systematic strategy to navigate unpredictable market dynamics, geopolitical developments, and unforeseen global events. The cornerstone of building a robust financial foundation lies in the creation […]
A Call for an Economic Reform and Revival Church
By: Kandjengo kaMkwaanyoka So, guess what? Last weekend, I made a rare move – I went to church on both Saturday and Sunday. Surprisingly, it was a beautiful experience, but don’t get your hopes up for Bible lessons; I’m diving into the economic lessons I picked up. I visited two types of churches […]
The Economy Needs More Than Teachers and Nurses To Thrive – Analysts
Loise Shiimi Education stakeholders have been urged to play a more active role in guiding parents and secondary school graduates toward career paths that align with the country’s economic development and diversification goals. Over the years, Namibia has seen a huge number of pupils graduating from high school opting to pursue studies in education […]
Sikondo Green Scheme Leads Economic Advancement in Kavango West
Annakleta Haikera The development of the Sikondo Green Scheme irrigation project in Kavango West continues on a positive note with production of vegetables progressing on a consistent basis. The project recently achieved a milestone by delivering its first harvest of the year, including vegetables like green peppers and tomatoes, to the Oshana and […]
Paratus Botswana Secures Major Banking Clients
Staff Writer Paratus Botswana’s network has successfully secured partnerships with all major banks in Botswana, solidifying its position as a key player in the country’s telecommunications landscape. This achievement is complemented by the recent addition of Access Bank, a pan-African financial institution, to Paratus’ growing client portfolio. In an era where uninterrupted connectivity […]
Gloomy Prospects for Construction Sector in Windhoek
Justicia Shipena The construction sector in Windhoek is currently facing challenging times marked by lacklustre performance as construction projects continue to dry up in the capital city. According to a report on building data for December 2023 published by IJG Securities on Tuesday, the pipeline for construction activities in Windhoek remains thin. In […]