Trustco Bank Namibia has formally exited commercial banking in Namibia. Trustco Group Holdings, the holding company of Trustco Bank Namibia, took the decision at a meeting earlier this week, where it was resolved to return its banking license to the Bank of Namibia. Deputy Managing Director of Trustco, Quinton Van Rooyen, has confirmed the decision […]
A N$10 million project to establish the Kongola to Masambo powerline and the electrification of the Masambo Primary School in the Zambezi Region has been commissioned. The projects were initially budgeted at a cost of N$3,62 million, but it has been increased due to the distance from the power line. The Minister of Mines and […]
Popular beverages will now be packaged and branded locally, following the unveiling of a N$337 million wine packaging line by Namibia Breweries Limited. President Nangolo Mbumba unveiled the new facility at the NBL’s headquarters in Windhoek. The new wine packaging line expands NBL’s capacity to produce and package beverages, including fan favourites Hunters Gold, Savanna, […]
The chairperson and directors of public enterprise boards have been urged to shift their mindsets and effectively implement long-term strategies that prioritize the overall well-being of the institutions they serve. Speaking at the Public Enterprises Board Chairpersons’ Forum masterclass, Professor Mervyn King stressed the importance of Namibia setting standards for sustainability. Professor King also raised […]
The port of Walvis Bay is expected to receive an extra 65 cruise liners during the period of November to January 2027. This was brought to light by Erongo Governor Neville Andre during the State of the Region Address at Swakopmund. Andre says the tourism sector has recorded an increase of 76 percent in the […]
Bilateral trade between Namibia and Brazil has declined, highlighting the urgent need to boost trade and investment activity. Over the past five years, Namibia’s exports to Brazil have decreased by 11% annually. In 2022, Namibia exported N$336,000 in goods to Brazil, including refined petroleum, poultry meat, and precious stones. Brazil, on the other hand, exported […]
Financial crimes pose a significant threat, not only undermining a country’s financial systems and economy but also paving the way for other serious criminal activities, including terrorism financing, drug trafficking, and corruption. In light of these concerns, speakers at the opening of the Judicial Workshop on Anti-Money Laundering and Asset Recovery in Windhoek yesterday emphasized […]
The Ministry of Mines and Energy has allocated more than N$17 million to electricity projects in the Zambezi Region for this financial year. This was revealed by the Minister, Tom Alweendo, during a meeting with the Zambezi Regional Council leadership at Katima Mulilo. Alweendo says Zambezi, like some of the regions, is lagging behind in […]
Walvis Bay continues to position itself to become the transit hub for southern Africa. The town has seen unprecedented developments in the handling of more traffic, cargo, and heavy industrial business with its new container terminal and the development of the SADC Gateway Port. The existing road network is said to have become old and […]
The port of Walvis Bay is expected to receive an additional 65 cruise liners from November to January 2027. This was revealed by Erongo Governor Neville Andre during the State of the Region Address at Swakopmund. Andre said the tourism sector has recorded an increase of 76% in the first quarter of the year. This, […]
