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Mobile Telecommunications Limited (MTC), has received provisional approval from the Bank of Namibia (BoN) for its subsidiary, Windhoek General Administrators (WGA), to issue electronic money in the country.

Fessor Mbango, the former CEO of Erongo Red, has been appointed as the new head of the Central North Regional Electricity Distributor (Cenored) effective from June 5th, 2023.

The National Petroleum Corporation of Namibia (NAMCOR) says it anticipates the country to commence oil production by 2029.

The share price of uranium developer Paladin Energy returned to around 68 Australian cents a share on Friday, after the Namibian government clarified that it would not be taking any stakes in existing mineral or petroleum licence holders.

Mobile Telecommunications Limited (MTC) posted a 2.36% to N$1.48 billion increase in revenue for the six months ended March 31, 2023, buoyed by continued growth in data revenue, the resumption of roaming services, and the expansion of enterprise services.

The Government Institutions Pensions Fund (GIPF), which has been searching for a new Chief Executive Officer/Principal Officer, has extended the contract of the current CEO, David Nuyoma, who was scheduled to retire this month, by two months.

Sanlam and the Namibia Investment Promotion and Development Board (NIPDB) will empower upcoming entrepreneurs with a bridging program that aims to provide training and startup capital.

Private sector credit extension in Namibia remained lackluster in April 2023, raising concerns about its impact on the overall economy, a new report has revealed.

The country’s largest private company, Ohlthaver & List Group (O&L) says it has no regret in relinquishing ownership of Namibia Breweries Limited (NBL) but sees the transaction as a window of new opportunities.

The Southern African Customs Union (SACU) member countries have entered into a mutual recognition agreement as part of the Authorised Economic Operator (AEO) programme that is expected to optimise procedures for imports and exports within the region.

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