Nedbank Acquires Land for New Headquarters

Nedbank Namibia reached a major milestone this week in charting the course for its new Headquarters set to be built in the heart of the City of Windhoek, when the Nedbank Managing Director, Lionel Matthews, and Founder and Executive Director of United Africa Group (UAG), Haddis Tilahun, signed the contract, which transfers ownership of a…

Stimulus resilient in tough Economy

Stimulus Investment Limited, recognised as the leading private equity investment company in Namibia, has released it’s 2018 financial statements today. Josephat Mwatotele, Chief Executive Officer, Stimulus Investment Limited stated that they were satisfied with the results achieved over the past financial year. “The negative macro-economic environment in Namibia resulted in 2017 being economically challenging for…

Mensah-Williams launches ‘Winter of Warmth’ campaign

National Council (NC) Chairperson Margaret Mensah-Williams launched the ‘Winter of Warmth’ campaign on Tuesday. The month-long campaign was initiated by the NC chairperson and intends to raise awareness of the predicament of adults and children living on the streets. Mensah-Williams personally donated 50 blankets and second-hand clothing. “The ‘Winter of Warmth’ Campaign is part of…

Africa Cup Inline Hockey concludes

The Africa Cup Inline Hockey tournament concluded in a defeat for the defending champions, Namibia, over the weekend at the Dome in Swakopmund. The six-day tournament saw Bank Windhoek as a major sponsor for a second consecutive year. The Namibian team cruised to the finals until they went down 7:5 to the Dome Dragons in…

Neymar Jr’s Five gears up for qualifiers

The last activation for the Neymar Jr’s Five soccer tournament took place over the weekend at the University of Namibia’s (UNAM) Faculty of Engineering and Information Technology in Ongwediva. Over 150 teams are expected to compete in Oshakati, Swakopmund and Windhoek. The Neymar Jr’s Five, a Brazilian soccer star’s signature five-a-side soccer contest, is a…

Development Bank loan for Erongo RED Finance for mass housing and waterfront energy supply

The Development Bank of Namibia (DBN) has provided an additional N$150 million for Erongo RED. The amount is being used to finance additional second phase electricity distribution requirements for the Swakopmund mass housing development, and for the waterfront. Erongo RED previously used N$250 million from DBN to finance its first phase project to upgrade aging…