Business Express Namibia

ReconAfrica’s exploration progress in Namibia and Botswana sparks analyst optimism Analysts are optimistic about Reconnaissance Energy Africa Ltd.'s exploration program in Namibia and Botswana following a corporate update earlier this week. The company’s flagship project in Namibia, the Naingopo exploration well located in the PEL 73 block, continues its drilling towards a target depth of 3,800 meters. While drilling has experienced slight delays due to equipment adjustments, the well has reached 3,500 meters, with final drilling operations expected to complete soon. https://lnkd.in/epDtPVEB

Data sovereignty is all about owning your data By Kehad Snydewel In our fast-paced digital era, data has transcended its mere informational status to become the lifeblood of businesses and organizations. Data is the bedrock of strategic decision-making, fostering innovation, giving enterprises a sense of direction, and fueling sustainable growth. We know that terabytes of data are generated every second worldwide, from customer interactions to market trends, research data, qualitative and quantitative data, and much more. https://lnkd.in/e7D54R6u

How money market funds can drive financial success By Tulela Shikongo In today's fluctuating financial landscape, making smart investment choices is crucial for securing a stable financial future. Many investors face a dilemma when choosing between buying a vehicle using bank financing or saving and investing part of their monthly income. This case study explores the potential returns of investing in a money market fund while exploring the difference between saving a big amount for one year or a smaller amount over a longer period. Furthermore, it contrasts these options with the costs associated with vehicle financing. #investments #finance #Namibia Tunohole Mungoba Kosma Tulela Shikongo Sisedi Investment Group Hertha Gontes https://lnkd.in/eSdeh7rF

Namibia’s mid-term budget: Balancing fiscal responsibility with developmental needs amid economic shifts By John-Morgan Bezuidenhout Namibia is moving into her election period and there have been some levels of uncertainty around the country’s future economic and political paths. More specifically, multinationals are looking for policy certainty for long term hydrocarbon investments to be kick-started. Furthermore, the last year saw Namibian assets being favoured due to economic tailwinds and governmental fiscal prudence. However, the government has fallen short on developmental and capital expenditure which could exacerbate inequality and prevent many Namibians from entering the formal economy. Another important factor to consider is that the region is viewing Namibia as a key logistical hub through the Walvis Bay corridor. https://lnkd.in/d79Rx4Rd

AD | National Housing Enterprise (NHE)

Bank Windhoek partners with Afreximbank on Trade Finance Bank Windhoek’s Chief Treasurer, Claire Hobbs, said the Bank is delighted to partner with Afreximbank in the Trade Finance Seminar and Workshop. “We look forward to learning, exchanging views and ideas with subject matter experts and seeing where we can collaborate since trade finance is a strategic focus for the Bank,” said Hobbs. Bank Windhoek’s Head for Investment Banking, Gideon Vos, will be one of the panellists discussing the theme “Sustaining Financing for Oil and Gas Projects in Africa: A Case for New Discoveries in Namibia”. https://lnkd.in/dbgc2w9z

Bridging the Artificial Intelligence skills gap: Equipping Namibia's workforce for a digital future By Eben Basson We are living in a world of rapid change. Artificial intelligence is continuously changing how we do our jobs, and Namibians need to upskill to adapt to the changes stemming from this transformation. AI is no longer something of the future; it's very real and very present in today's work environments, which, especially in fields such as financial services, are heavily reliant on the automation of processes, analysis of data, and improvement of customer experiences. https://lnkd.in/dyvk5qgm