Business Express Namibia

PICTURES: Woermann, Brock Ombili completely destroyed by fire …supermarket says no jobs will be lost in this difficult time Woermann, Brock Supermarkets has announced that one of its major branches, Ombili Express in Windhoek, Okuryangava, was completely destroyed by a fire last night, which broke out at 11:30 PM. “The devastation is significant. However, we want to assure you that no employees will lose their employment as a result of this incident. During this challenging time, we kindly ask for your continued support as we work to rebuild and recover from this tragic event. Thank you for standing by us,” the supermarket said. Pic Credit: Woermann, Brock Supermarket

Poiyah Media appoints Mbadhi as Public Relations Officer Poiyah Media, a growing agency in the public relations sphere has appointed Petrina Etuhole Mbadhi as the public relations officer effective November 1, 2024. This marks Poiyah Media’s first official employment within the agency, reaching a significant milestone in its mission to create job opportunities for talented individuals in the communications field. Mbadhi began her journey at Poiyah Media through the company’s internship program which has been created to assist 3rd and final year NUST and UNAM students to enhance their skills in the corporate world as well to allow them room for experience. Her appointment is a testament to the program’s success and its role in nurturing young professionals.#newappointment #pr #Namibia Ilke Platt https://lnkd.in/dsH__tnY

RES4Africa set to host renewable energy event in Namibia next week RES4Africa Foundation, in collaboration with the SADC Centre for Renewable Energy and Energy Efficiency (SACREEE) and NUST Namibia, with support from Enel Foundation and the Italian Embassy in Pretoria will on the 5th of November host an event in Windhoek under the theme: “Growing renewable energy technologies in Namibia.” This year’s event will delve into essential topics for advancing Namibia's green energy landscape, from grid integration to green hydrogen and regional energy trade. Here is a list of the featured speakers and moderators: Prof. Erold Naomab, Namibia University of Science and Technology (NUST Namibia); Amb. Vecchi Alberto, Embassy of Italy in Pretoria; Ms. Marianna Petrosillo, RES4Africa Foundation; Mr. Kudakwashe (Kuda) Ndhlukula, Executive Director, SACREEE; Mr. Francois Robinson, Interim Executive Director, Regional Energy Regulators Association (RERA); Mr. Robert Kahimise, CEO, Electricity Control Board; Mr. Hafeni Motsi, Senior Energy Investment Analyst, Namibia Investment Promotion and Development Board (NIPDB); Mr. Maurizio Decinti, CFO, Enertronica Santerno South Africa; Prof. Samuel John , NUST Green Hydrogen Program; Ms. Toni J E Beukes Cert.Dir., Head of Environmental, Social and Governance, HYPHEN Hydrogen Energy; Dr. Zivayi Chiguvare, Acting Director, Namibia Green Hydrogen Research Institute, University of Namibia; Dr. Lutz-Heiner Otto, Business Development Manager, Daures Green Hydrogen Village Consortium; Mr. Deon Fuhri, Director Southern Africa, RINA. https://lnkd.in/dNwfbKeQ

‘This will be a keeper’: Galp chief upbeat on Namibia drilling prospects Galp chief executive Filipe Silva promised the current appraisal well being drilled offshore Namibia “will be a keeper”, as the Portuguese oil major progresses development of its large Mopane discovery at a fast pace and has started discussions with potential partners to join in – although a deal is not expected before end of next year. #oil #drilling #Namibia Namibia Petroleum Operators Association (NAMPOA) Namibia Youth Energy Forum Namibia International Energy Conference Tom Alweendo NAMCOR NAMIBIA Ministry of Mines and Energy Namibia (MME) https://lnkd.in/dN_fxyzX

Could this be the right time to save money? By Samuel Linyondi Personal finance spending studies found that November and December, filled with events like Black Friday, Christmas, and New Year's celebrations, are peak months for spending. The post-holiday season in January and February is typically associated with times when money is tight. However, the right savings strategies can turn this normality around. In celebration of Savings Day, annually commemorated on 31 October, why not plan on how to save money for the next few months to start the following year free from money worries? Perhaps, this is the right time to save money. https://lnkd.in/dx6AeCzJ

FNB Namibia and RMB win multiple awards at the Global Finance Best Banks Awards FirstRand Namibia has announced that its two banking franchises, FNB and RMB - Rand Merchant Bank, have won an impressive set of awards at the Global Finance Best Banks Awards late last week. The two franchises were honoured with awards in the following categories: Best Bank in Namibia, Best overall bank for cash management in Namibia, Best trade finance provider in Namibia and Best foreign exchange bank in Namibia. https://lnkd.in/dtK7cwmm

The future in your pocket: The rise and reach of e-money By Candy Ngula In an era defined by speed, convenience and connectivity, the world of finance continues to undergo a transformation that has put the power of banking into the hands of billions of people around the globe – quite literally. Namibia is no exception. For over a decade, electronic money (e-money) has emerged as a game changer, creating new opportunities for financial inclusion, economic growth and innovation. Once seen as a complementary tool for traditional banking, e-money has and continues to evolve into an essential service that is reshaping the way people transact and remit. #business #Namibia Bank Windhoek https://lnkd.in/ddVBPFi9

Many Namibians still keep cash under the mattress By Elsie Kambala In a world increasingly driven by digital transactions, the comfort of cash remains a steadfast companion for many Namibians. About 67% of Namibian adults held a bank account in 2017, according to the World Bank. This indicates that a sizable portion of the population lacks access to banking services. The percentage of Namibians who save in banks as opposed to those who keep cash at home is a significant trend in the way Namibians handle their savings, according to a report by the Namibia Statistics Agency. Compared to 47% in 2021, a significant 30% of Namibians choose to keep their savings in cash at home, or as the saying goes, "under the mattress". https://lnkd.in/dqSyDtV9

Shaping Namibia’s Energy Future: Embracing a Diverse Energy Mix By Fanuel Shinedima As Namibia stands on the brink of a new era in energy development, it is crucial to understand the concept of an energy mix and its significance for our nation’s future. An energy mix refers to the combination of different energy sources used to meet a country’s energy needs. For Namibia, this means integrating hydrocarbons, green hydrogen, and renewable energy sources to create a balanced and sustainable energy portfolio. https://lnkd.in/dWQ9XV6H

Bank of Namibia issues new determination to provide drought relief for the agricultural sector The Bank of Namibia has announced the coming into force of the Determination on Policy Changes in Response to Economic and Financial Stability Challenges as a Result of the State of Emergency over the Persistent Drought in Namibia (BID-39) on 23 October 2024. The Determination was issued following the declaration of a state of emergency by the President on 22 May 2024. https://lnkd.in/dg_KXMVT