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Kelp Blue is among this year's finalists of the Zayed Sustainability Prize, the UAE’s pioneering global sustainability and humanitarian award, which carries a $11.4 million (US$ 600,000) prize.

Initial results from a production test on TotalEnergies’ Venus oil discovery offshore Namibia are reported to be promising.

“I don’t want this to be a big thing. The guy apologised. It is fine! I don’t want him to get fired. If the manager wants to deal with it, maybe they should just give him a warning. He is already unstable, if he gets fired, he might harm me”.The above statement was recently made by a lady at a local gym.

The Deputy Minister of Finance and Public Enterprises, Maureen Hinda-Mbuende, has recommended an amendment to the Public Enterprises Act in an effort to increase the employment contracts of Chief Executive Officers or Managing Directors of public enterprises to a fixed 10-year tenure, to promote job security.

The Minister of Justice Yvonne Dausab says at least N$160 million is required to fully operationalise the Witness Protection Unit, while an additional amount will still be needed for the Whistleblower Protection Office.

FirstRand Namibia Limited (FirstRand) reported a 22.7% year-on-year growth in after-tax profits for the financial year ended 30 June 2023 of N$1.56 billion.

Windhoek recorded a 71% year-on-year (y/y) decline in the value of approved building plans in August 2023, latest data shows.

Listed financial services group Capricorn Group Limited reported a 28.7% surge in its after-tax profit, soaring N$1.47 billion for the fiscal year ending on June 30, 2023. 

Shakwa Nyambe, Managing Director of the energy law firm SNC Incorporated, has been appointed Regional Leader for Sub-Saharan Africa within the Frontier Energy Network.

The Bank of Namibia (BoN) has issued a stern warning to banks with operations in the country against profit shifting and transfer pricing practices, which are done via Service Level Agreements. 

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