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Month: July 2015

NBL getting bigger and better

Ohlthaver & List Group of Companies (O&L) announced that they have agreed to restructure their South African and Namibian joint ventures with Diageo and Heineken International. When the the transaction completes Heineken...

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Trustco rakes in N$170 million in profit

Providing a quarterly update local insurer Trustco reported that total group revenue for the 3 months ended 30 June 2015 was N$170 million, N$147 million in 2014 representing an increase of 16% from the quarter ended 30 June...

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Exciting times for African asset managers

New research from PwC projects that traditional assets under management (AuM) in 12 markets across Africa and that includes Namibia will rise to around US$1,098 billion by 2020, from a 2008 total of $293 billion. This represents...

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Trustco Group ratings upgraded

Trustco has announced that Global Credit Ratings (“GCR”) has upgraded the long term national scale issuer rating and the short term national scale issuer rating assigned to Trustco to BBB (NA) and A2 (NA) respectively; with the...

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U.S. hosts training for magistrates

The U.S. Embassy in Windhoek hosted training for local magistrates from all the fourteen regions of the country last week entitled ‘Judicial Professionalism and Intellectual Property Rights Enforcement.’ U.S. Ambassador Thomas...

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