The number of cattle marketed in Namibia declined drastically to 15,840 in September down from 16,952 in August 2022, due to a ripple effect from the 21-day nationwide ban on the movement of cattle in South Africa, latest statistics shared by Agribank show.

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 The European Investment Bank has given Hydrogène de France (HDF) Energy a N$179 million (€10 million) grant to implement Namibia’s first green hydrogen power plant.

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Osino Resources has entered into an agreement with Nebari Gold Fund 1, LP and Nebari Natural Resources Credit Fund I, LP, with Nebari Gold Fund 1, LP as collateral agent and certain Osino subsidiaries as guarantors, for a credit facility of up to N$276.3 million (US$15 million).

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The Development Bank of Namibia (DBN) has launched a Business Rescue Programme aimed at saving qualifying businesses from liquidation. 

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 IJG has joined forces with Prescient to form Prescient IJG Unit Trust Management Company, a joint venture entity currently providing four-unit trust funds with plans to launch a white labelled solution to the Namibian market.

 The City of Windhoek (CoW) has announced the reappointment of George Mayumbelo as acting Chief Executive Officer from 9-30 November 2022.

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 There has always been uncertainty in markets. Recent negative investment returns, coupled with increased inflation and rising interest rates, have not helped much in easing the minds of investors. So, what should investors do?

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Namibia is set to receive close to N$9 billion (€500 million) from the European Investment Bank (EIB) to support the country’s renewable energy projects, including green hydrogen.

 Namibian Stock Exchange (NSX) says it had no choice, but to suspend Trustco Group Holdings, the dual-listed company after it lost its active status on Monday on the Johannesburg Stock Exchange (JSE), where it was primarily listed.

Trustco Group Holdings has announced it will comply with the Johannesburg Stock Exchange (JSE) demands to restate its financial statements after the bourse announced Monday a suspension of trading Trustco shares. 

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