The National Petroleum Corporation of Namibia (Namcor) has signed an agreement with Schlumberger (SLB), an energy technology company. According to a statement issued by Namcor yesterday, the key areas of collaboration are carbon footprint measurement, decarbonisation planning, carbon capture and…

The Bank of Namibia (BoN) says the central government’s budget deficit will widen during the 2024/25 financial year. According to the quarterly report by the BoN, the rise is due to an expected rise in expenditure compared to revenue. “The…

The Bank of Namibia has given Access Bank Namibia provisional authorisation to conduct banking business. In a statement issued by the central bank on Friday, the authorisation is given for 6 months to allow Access Bank to meet all requirements…

Namibians took out life insurance policies worth N$34.2 billion by the end of June, the Bank of Namibia (BON) says. The BoN’s quarterly report shows that the non-banking financial sector, which includes insurance companies, had a total asset value of…

The National Petroleum Corporation of Namibia (Namcor) has been able to save N$22 million by streamlining operations this year. In a media statement issued on Tuesday, Namcor spokesperson Paulo Coelho says the company has implemented several operational improvements to streamline operations,…

The National Petroleum Corporation of Namibia (Namcor) has signed an agreement with Schlumberger (SLB), an energy technology company. According to a statement issued by Namcor on Thursday, the key areas of collaboration are carbon footprint measurement, decarbonisation planning, carbon capture…

Namibians will soon pay more to use the country’s roads. The Ministry of Mines and Energy says the Road Fund Administration’s road user charges will increase by 25c per litre. The new road charges will be N$2.23 – up from…

All Bank Windhoek banking services have been restored, says the bank. The bank informed clients on Tuesday that it was experiencing technical difficulties impacting its banking services. The bank sent a notification on Wednesday informing clients that all services have…

Government Institutions Pension Fund (GIPF) members will soon be able to breathe a sigh of relief. The fund will be paying qualifying pensioners, spousal and child beneficiaries their tax refunds on 28 November. GIPF chief executive Martin Inkumbi announced this…

The Namibia Investment Promotion and Development Board (NIPDB) has changed its governance structure to fully align with the Public Enterprises Governance Act 1 of 2016. NIPDB spokesperson Catherine Shipushu says under the new structure, NIPDB’s board of directors will be…

The National Petroleum Corporation of Namibia (Namcor) has paid N$550 million of its N$1.1 billion debt to Gunvor Group. Namcor owes N$1.1 billion to Gunvor Group, an international company that sells oil and other commodities. “A down payment of N$550…

Namib Mills says there is no evidence directly linking its Top Score Instant Porridge to the deaths of three children in South Africa. Namib Mills senior brand manager Marne Bouwer says the production batch in question has been identified and…