Business Express

07/01/2025

Trustco shareholders approve N$469 million equity acquisition in legal shield

Trustco Group Holdings Limited shareholders approved the N$469 million (USD 26 million) equity acquisition of additional shares in Legal Shield Holdings Limited (LSH) at a General Meeting held today. The transaction involves acquiring 1,135 shares from Riskowitz Value Fund LP (RVF), increasing Trustco's stake in LSH to 91.35%.

Trustco Group Holdings Limited shareholders approved the N$469 million (USD 26 million) equity acquisition of additional shares in Legal Shield Holdings Limited (LSH) at a General Meeting held today. The transaction involves acquiring 1,135 shares from Riskowitz Value Fund LP (RVF), increasing Trust...

07/01/2025

Bank Windhoek appoints James Chapman as Managing Director Designate

The Chairperson of Bank Windhoek, Johan Swanepoel, has announced the appointment of James Chapman as the Managing Director Designate of the Bank with effect from 1 February 2025, following the conclusion of a comprehensive recruitment process and approval by the Bank of Namibia.

This appointment follows on the announcement by Bank Windhoek in September 2024 that its current Managing Director, Baronice Hans will complete her tenure as Managing Director at the end of June 2025, having served the Bank with distinction since 1 July 2016.

The Chairperson of Bank Windhoek, Johan Swanepoel, has announced the appointment of James Chapman as the Managing Director Designate of the Bank with effect from 1 February 2025, following the conclusion of a comprehensive recruitment process and approval by the Bank of Namibia. This appointment fol...

07/01/2025

Dr. Heroldt Murangi appointed as Executive Director of NIPAM

The Namibia Institute of Public Administration and Management (NIPAM) Governing Council has announced the appointment of Dr. Heroldt Murangi as the Executive Director for a period of three years, effective 01 January 2025.

Dr. Murangi holds a Doctor of Philosophy (PhD) in Education Management, Law, and Policy Studies from the University of Pretoria, South Africa, a Master of Adult Education (Med) from the University of Massachusetts, USA, and a Bachelor of Education (BEd. Hons) from the University of Namibia. He has over 36 years of working experience, which is marked by significant leadership roles and a deep commitment to education and training.

https://nambusinessexpress.com/?p=8348

07/01/2025

Adapting to change is the essential skill of the future, especially for children

By Bjorn Wiedow

Technological advancements have progressed at an unprecedented pace, fundamentally reshaping industries, economies, and the way we live. The shift from the analogue era to the digital revolution has been profound, with each decade introducing innovations that demand adaptation at an ever-faster rate. Understanding this historical trajectory highlights the importance of teaching children to engage with technology earl. It gives them the tools and enhances their ability to navigate the challenges of tomorrow.

https://nambusinessexpress.com/?p=8345

02/01/2025

MORE OIL DISCOVERED: Galp finds more oil and gas offshore Namibia

Portugal’s oil and gas company Galp has found more light oil and gas-condensate in the second of up to four wells within its current exploration and appraisal (E&A) program in license PEL 83 off the coast of Namibia. This has put a Saipem-owned drillship on the move again to drill the next well in the Orange Basin, where oil discoveries were also made during the Portuguese player’s previous campaign.

Portugal’s oil and gas company Galp has found more light oil and gas-condensate in the second of up to four wells within its current exploration and appraisal (E&A) program in license PEL 83 off the coast of Namibia. This has put a Saipem-owned drillship on the move again to drill the next well in...

01/01/2025

27/12/2024

Public relations as a key driver of innovation and growth in Namibia

By Ilke Platt and Petrina Mbadhi

“Its PR that needs to be creative. Its PR that needs to be new and different. Its PR that needs to be original. The best way to establish a brand is to create a new category and creating a new category requires thinking of the highest order” famously remarked by Al & Laura Ries.

As digital transformation takes center stage, the public relations (PR) sector continues to evolve, responding to numerous advancements and ever-changing demands. Players in this sector constantly see the need to upgrade and keep up with the times in order to stay relevant and exceed client expectations. Within the Namibian context, public relations is not just a complementary tool for businesses, it is essential for driving innovation and fostering sustainable growth.
https://nambusinessexpress.com/?p=8338

27/12/2024

Business Intelligence is a game-changer

By Kehad Snydewel

In the modern world, the pursuit of money has, to many, become an obsessive activity. There's nothing wrong with that, as long as it's done with a certain goal in mind. This topic recently came up and led to quite a discussion. It got me thinking. We are consumed by the need to acquire things, material things, and as much money as possible. It is not just a Namibian obsession; all around the world, it seems people are pursuing the same goal. Having money to buy nice things, a nice house, a nice car and nice holidays is great. Having stacks of money just to have it makes no sense. The same can be said about information and data as an organization; it's what you do with it that matters. Using the information and the data at your disposal can be a game-changer for an organization and, ultimately, for your stakeholders.

https://nambusinessexpress.com/?p=8335

27/12/2024

Building blocks for robust and technology neutral AI regulation in Namibia

By Hilary Mare and Prof Admire Mare

The proliferation of Artificial Intelligence (AI) and its mass adoption in all spheres of life including journalism has prompted questions on whether African countries should exercise their data sovereignty.

While the push for national policies that prioritise data sovereignty—which refers to the fact that data is subject to the laws and governance structures of the nation where they are collected—cannot be dismissed at face value, it is important understand some of the key pillars of a robust and technology-neutral AI regulation.

https://nambusinessexpress.com/?p=8329

27/12/2024

Strategic communication as a stimulus for positioning Namibia's businesses for sustainable growth in a competitive global economy

By Albertina Kashuupulwa-Malwa

In an ever-evolving global landscape, the concept of business innovation has transitioned from being a competitive edge to a critical survival strategy for businesses. For Namibia, innovation represents the gateway to sustainable economic growth and global relevance. As a communications specialist It is of importance to highlight that effective communication also plays a crucial role in fostering and sustaining business innovation. Therefore, an emphasis needs to be placed on factors that could drive Namibia to better standards through highlighting the importance that communications play.

https://nambusinessexpress.com/?p=8326

27/12/2024

NJ Ayuk praises Azule Energy's Strategic Move in Namibia's Energy Industry

Azule Energy's successful farm-in deal for Block 2914A, which is situated in Namibia's Orange Basin, marks an important turning point in the continent's energy industry. The news highlights the enormous potential of the Namibian Orange Basin and represents an important moment for Namibia's and Africa's offshore oil and gas exploration possibilities.

High Global Trust in Africa's Energy Possibilities

The farm-in deal strengthens the growing trust that the world has in Africa's abundant offshore resources. Block 2914A is currently 42.5% owned by Azule Energy, which is a crucial step toward releasing the hydrocarbon potential of the basin.

The African Energy Chamber's (AEC) Executive Chairman, Nj Ayuk, emphasized the importance of this partnership. Ayuk claims that this deal not only solidifies Namibia's position as a major participant in the world energy market but also shows Africa's revolutionary role in the energy industry going forward.

https://nambusinessexpress.com/?p=8332

24/12/2024

Bezant Resources secures N$13 million for Namibian mining project

Bezant Resources PLC has announced a fundraising of £560,000 (about N$13 million) to support pre-development expenses for its Namibian Hope & Gorob copper-gold project and general working capital.

The fundraising involves a placement and share subscription at a price below the market rate, with directors participating as part of related party transactions. The issuance of new shares aims to conserve cash by settling fees owed to directors and consultants through equity, signaling a strategic move to strengthen financial stability and operational capability.

https://nambusinessexpress.com/?p=8322

24/12/2024

Andrada reports positive third-quarter production results

Aim-listed critical raw materials producer Andrada Mining reported a 15% year-on-year increase in contained tin production to 232 t for the third quarter of the 2025 financial year, ended November 30.

The company processed 239 240 t of ore during the quarter, up 5% from the 228 234 t processed in the third quarter of the 2024 financial year.

Improvements in plant performance were key contributors to this growth, with a tin recovery rate increasing by 12% year-on-year to 74% and plant use rising to 93%, up from 86% in the same period the year before.

https://nambusinessexpress.com/?p=8319

24/12/2024

Namibia allocates 330 MW of solar power capacity to enhance energy security

Namibia has allocated 330 megawatts (MW) of solar photovoltaic (PV) capacity for procurement and implementation as part of its 2024 ministerial plan, the Ministry of Mines and Energy announced recently.

Minister Tom Alweendo said in a statement that the new capacity will be divided between state-owned NamPower and independent power producers (IPPs).

https://nambusinessexpress.com/?p=8316

24/12/2024

Climate Fund Managers acquires 24% stake in Hyphen Hydrogen Energy

Dutch-based for-profit investment manager Climate Fund Managers (CFM) has completed the acquisition of a 24% equity stake in Hyphen Hydrogen Energy through its SDG Namibia One Fund, also known as Climate Investor Three (CI3) Namibia.

Dutch-based for-profit investment manager Climate Fund Managers (CFM) has completed the acquisition of a 24% equity stake in Hyphen Hydrogen Energy through its SDG Namibia One Fund, also known as Climate Investor Three (CI3) Namibia. SDG Namibia One is a $1 billion target blended finance fund manage...

19/12/2024

Drilling starts on exploration well at ‘amazing’ prospect in Namibia’s Orange basin

Cape Town-based Rhino Resources has spudded its debut exploration well in Namibia’s prolific Orange basin, targeting a huge prospect that the country’s petroleum commissioner previously described as “amazing”.

The privately-owned player, headed by chief executive Travis Smithard, operates Petroleum Exploration Licence (PEL) 85, just south of Galp Energia's huge Mopane discovery in PEL 83, and directly east of the multiple finds Shell has made in PEL 39, including Graff.

The Sagittarius-1X probe is being drilled by the drillship Noble Venturer in a water depth of about 1400 metres and is expected to take some 45 days to drill.

https://nambusinessexpress.com/?p=8310

19/12/2024

Driving sustainability in Namibia's green hydrogen industry through job creation and skills development

By Julien Karambua

Namibia stands at the forefront of a transformative energy revolution, positioning itself as a global leader in green hydrogen production. With abundant renewable energy resources and strategic proximity to European and US markets, the country is uniquely placed to drive sustainable economic growth. However, realising this potential depends not only on infrastructure and investment but also on a robust strategy for skills development and job sustainability.

https://nambusinessexpress.com/?p=8307