The Financial Instituations and Market Act (FIMA) has the potential to create and govern retirement and medical aid funds and their administrators, short- and long-term insurers, investment schemes, and asset management, amongst others. The Chief Executive Officer of the Namibia Financial Institutions Supervisory Authority (NAMFISA), Kenneth Matomola, recently highlighted that FIMA was received with mixed […]
Spring has certainly sprung as Namibian motorists are greeted with good news as the Ministry of Mines and Energy announces a decrease in fuel prices, effective from Wednesday, 4 September 2024. This marks the third fuel price drop of the year, providing much-needed financial relief as the country enters the final quarter of 2024. According […]
Namibia and Botswana will begin with a trial of the operationalisation of the Mamuno and Trans Kalahari One Stop Border Post as of this Monday. The trial aims to test the efficiency and functionality of the One Stop Border Post regarding the effectiveness of the new systems designed to smoothen the facilitation of travellers. The […]
The Namibia Special Risk Insurance Association (NASRIA) and the South African Special Risk Insurance Association (SASRIA) have signed an agreement that will facilitate the sharing of information in the financial and insurance sectors. The agreement will create an enabling environment for benchmarking in various aspects, such as the exchange of human capital for capacity-building, training, […]
Namibia Ceramics, a manufacturing construction plant site located in Tsumeb, is the brainchild of Heikky Katti, a local man who came up with the business idea in 2017. The business, however, was supposed to have already kicked off six years ago with its construction and produce ceramic products such as floor and wall tiles at […]
Six small business owners in the Zambezi Region became the latest beneficiaries of the Development Bank of Namibia’s national metric and coaching programme. The Development Bank of Namibia’s coaching programme aims to empower small businesses. The manager of the programme, Paul Egelser, explained that businesses that benefited were recommended by various institutions, such as financial […]
Acting Chairperson of the preparatory committee for the Ongwediva Anual Trade Fair (OATF), Damian Egumbo, said that when the Ongwediva Annual Trade Fair started in 2000, the idea was to expose the business community, but the trade fair has grown, and it is no longer local or regional but international. Speaking to nbc News, Egumbo […]
The Namibian Competition Commission (NCC) has given the green light to the merger between Sinomine Rare Metal Resources and Dundee Precious Metals Tsumeb Holding. This decision is based on the assessment that the merger will not significantly impact competition, in line with Section 47 of the Competition Act. The NCC is committed to fostering fair […]
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 […]
