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CHAMWE KAIRA Outgoing Bank Windhoek Managing Director Baronice Hans will work closely with newly appointed MD James Chapman until 30 June to ensure a smooth leadership transition, the Capricorn Group board has confirmed. Chapman is set to officially take over as managing director on 1 July 2025. In September, it was announced that Hans would complete her tenure as managing director at the end of June 2025. The bank initiated a comprehensive talent search to identify a suitable successor, culminating in the appointment of Chapman. “The appointment was made in accordance with the policy dealing with the nomination of directors…

CHAMWE KAIRA Trustco Group Holdings Limited shareholders have approved the N$469 million (US$26 million) equity acquisition of additional shares in Legal Shield Holdings Limited (LSH) at a general meeting held in Windhoek. The transaction involves acquiring 1 135 shares from Riskowitz Value Fund LP (RVF), increasing Trustco’s stake in LSH to 91.35%. Quinton Z van Rooyen, Deputy CEO of Trustco, stated: “The support from our shareholders validates our steadfast belief in Namibia’s economic potential. By deepening our commitment to the opportunities inherent in Namibia’s growing property and insurance sectors, we are not just investing in Trustco’s future but also contributing…

FAUSTO MENDES Namibia, with its abundant uranium reserves and growing energy needs, presents a unique case for evaluating the viability of constructing a nuclear power plant. Advantages Rich uranium resources Namibia is one of the world's top uranium producers, ensuring a steady and local supply of the primary fuel for nuclear energy. This could significantly reduce logistical and procurement challenges. A nuclear power plant could address Namibia's energy demands while reducing reliance on imported electricity, particularly from neighboring countries like South Africa. The construction and operation of a nuclear plant could stimulate job creation, infrastructure development, and technological advancement, boosting…

DENIZ IGAN A newly developed dataset shows how the pandemic’s aftermath ushered in the worst housing affordability crisis in more than a decade. The pandemic and subsequent return of inflation set off the world’s worst housing affordability crisis in more than a decade. It spilled across some of the largest advanced economies and contributed to widespread anger and resentment about economic conditions. Affordability fell in the United States, the United Kingdom, Australia, Canada, Germany, Portugal, and Switzerland. On average across countries, housing is less affordable today than during the house price bubble that preceded the global financial crisis of 2007–08,…