Blog

Meya Mining secures US$25m bank loan

Meya Mining secures US$25m bank loan

Staff Writer Trustco Group Holdings Limited has announced that Meya Mining Limited, in which the Windhoek-based group holds an indirect equity interest, has secured a US$25 million financing facility from Ecobank Sierra Leone Limited, supported by Ecobank Ghana Plc. The funding was announced at a signing ceremony on the opening day of the Africa Mining Indaba 2026 in Cape Town.  Meya said the facility was obtained on normal commercial terms and does not include any equity conversion rights or restrictive conditions. The company said the financing marks a step toward full commercial diamond production under its 25-year exclusive mining licence…
Read More
Love is a boring money choice

Love is a boring money choice

Hileni Amadhila February tells us that love should be exciting. Big gestures. Surprise spending. Something memorable enough to post about. But when it comes to money and relationships, the kind of love that lasts is usually quiet, practical and, frankly, a bit boring. Borrowing money choices don’t make for good stories. No one brags about sticking to a budget or paying an insurance premium on time. Yet these are the choices that protect relationships when life takes an unexpected turn. They’re the decisions that keep stress low and trust intact long after the flowers have wilted. Money is one of…
Read More

City Lodge adjusted earnings jump over 30%

Staff Writer City Lodge Hotels Limited says its results for the six months ended 31 December 2025 show solid performance compared to the same period in 2024. In a voluntary trading statement, the group provided guidance on earnings per share for the period. Basic earnings per share for the first half of the 2026 financial year are expected to be between 20.7 cents and 22 cents.  This compares with 21.6 cents reported in the same period a year earlier. The range reflects a change of between a 4% decrease and a 2% increase. Headline earnings per share are also expected…
Read More
Nedbank announces board changes 

Nedbank announces board changes 

Staff Writer Nedbank Group Limited and Nedbank Limited have announced changes to their boards of directors and board committees as part of the group’s board continuity programme. With effect from 3 March 2026, Peter Wharton-Hood has been appointed as an independent non-executive director on the boards of Nedbank Group and Nedbank. He will also serve on the Nedbank Group Credit Committee and the large-exposure approval committee.  Wharton-Hood is the Group Chief Executive of Life Healthcare Group Holdings Limited and has more than 20 years of international executive and board experience. He has previously held senior roles at Standard Bank Group…
Read More
Emerging opportunities beyond the deepwater frontier

Emerging opportunities beyond the deepwater frontier

Namibia’s upstream narrative has, until recently, been defined by deepwater success in the Orange Basin, where major offshore discoveries have transformed perceptions of the country’s hydrocarbon potential. Galp’s Mopane discovery, estimated to hold up to 10 billion barrels of oil equivalent, alongside TotalEnergies’ Venus find, has firmly positioned Namibia on the global exploration map and underpinned expectations of first offshore oil before the end of the decade.  Alongside this offshore momentum, however, a parallel story is unfolding onshore, where frontier basins, lower entry costs and improving geological understanding are drawing increased attention from explorers and investors alike. Onshore Namibia presents…
Read More
What use is a good constitution amidst poverty?

What use is a good constitution amidst poverty?

This Monday, the 9th of February, marked Constitution Day, the day when, 36 years ago, in 1990, the Constituent Assembly adopted the country’s constitution leading up to its coming into effect with the country’s independence the same year on 21 March. The question that begs to be asked is, 36 years after, is there cause for celebration? Is there any reason why 36 years after everyone in Namibia should celebrate this day, and why? Needless to say, the answer to such a question cannot but be mixed. While the Namibian Constitution is and must be ordinarily a source of pride…
Read More
Cuba has been strangled to death through a silent genocide: who sanctions the sanctioner? Quis custodiet ipsos custodes? 

Cuba has been strangled to death through a silent genocide: who sanctions the sanctioner? Quis custodiet ipsos custodes? 

PAUL T. SHIPALE (with inputs by Folito Nghitongovali Diawara Gaspar) Every year, the United Nations overwhelmingly condemns the U.S. embargo on Cuba. Every year, 187 nations vote against it. Every year, nothing changes. If 187 voices cry “wrong”, but the powerful continue as if the world never spoke, is that international law or theatre? And if it is theatre, who is the audience? And the joke is on whom? There is currently a human-generated humanitarian crisis taking place in Cuba, and Russia has warned that Cuba’s energy crisis is becoming critical because of the United States using “suffocating measures” against…
Read More
Police issue over N$560 000 in traffic fines in a month

Police issue over N$560 000 in traffic fines in a month

Justicia Shipena Traffic fines worth N$562 250 were issued during a nationwide crime prevention operation conducted from 30 January to 2 February. Inspector general of the Namibian Police, Joseph Shikongo, released the results of the month-end operation, code-named “Walya Shakakodhi Tala Pombada”, which was carried out across all 14 regions. Khomas issued traffic summons worth N$114 750 and arrested 15 suspects. Otjozondjupa followed with N$124 750 in traffic fines and confiscated eight firearms, the highest number of firearms seized in a single region. The operation was launched in response to rising cases of robbery, drug dealing, stock theft, poaching, illegal…
Read More
NamRA caught red-handed changing hiring rules 

NamRA caught red-handed changing hiring rules 

Justicia Shipena  The Office of the Ombudsman has found irregularities and possible discrimination in the Namibia Revenue Agency’s (NamRA) recruitment process for assistant tax officers.  This finding follows an investigation by its investigation division into complaints of unfair treatment.  The findings are contained in a recently released investigation report by Ombudsman Basilius Dyakugha, dated 6 March 2024. The investigation began after a candidate lodged a complaint alleging discrimination based on ethnicity during NamRA’s recruitment of assistant tax officers.  The complainant said she applied, was shortlisted, wrote the test, passed the interview and was recommended for appointment, but did not receive…
Read More
Noa tells staff to focus on law, not social media pressure

Noa tells staff to focus on law, not social media pressure

Justicia Shipena Anti-Corruption Commission (ACC) director general Paulus Noa has urged investigators to speed up corruption cases and warned staff not to be distracted by social media activists. Addressing the ACC staff in Windhoek on Wednesday, Noa said delays in investigations weaken public trust and affect the institution’s credibility. “Speedy finalisation of corruption investigation is critical. The longer you take, the more the chance of relevant information and evidence disappearing,” he said. He acknowledged that corruption investigations can be complex, especially when complainants are unwilling to provide information. However, he said this should not lead to unnecessary delays. He told…
Read More
No widgets found. Go to Widget page and add the widget in Offcanvas Sidebar Widget Area.