News Namibia Hardap: Sturdee and Old Mutual acquire majority stake in Namibia's largest solar PV plant
Old Mutual Investment Group Namibia (OMIGNAM), Namibia's largest asset manager, has partnered with renewable energy company Sturdee Energy Namibia and Namibian financial services company IJG to acquire a 51% stake in Alten Solar Power (Hardap), the biggest grid-tied solar PV power plant in Namibia. The shareholding, acquired from Alten RE Developments Africa , represents a milestone in expanding Namibia's secondary market for renewable energy projects. In a joint statement on December 20, Sturdee and Old Mutual emphasised that the transaction aligned institutional investors, including funds co-managed by Old Mutual and IJG, with Namibia’s renewable energy and climate change goals. Among these funds is the Namibian Infrastructure Equity Investment Fund Trust, with the Government Institutions Pension Fund as a main investor.
News Namibia Hardap: Namibia: Hardap Invests in Agriculture and Tourism to Drive Economic Growth
Hardap governor Riaan McNab says agriculture and tourism remain critical pillars of the regional economy, with the government investing in farmer support programmes, climate resilience initiatives and tourism development projects aimed at creating jobs and stimulating economic growth.
News Namibia Hardap: Namibia raises lending rate by 50 basis points
Namibia's central bank on Wednesday raised its main lending rate by 50 basis points to 6.75%, tightening policy further to help fight inflation.
News Namibia Hardap: Central bank’s payment system records milestone settlement value of N$ 1 trillion
and inflows of funds to comply with Regulation 28 by the Namibia Financial Institutions Supervisory Authority (NAMFISA). Like us on Facebook to see similar stories Please give an overall site rating: ...
News Namibia Hardap: Central bank quashes Global Finance Central Banker’s Report – Report flawed
Notwithstanding the unprecedented shocks on the economy and financial institutions, Namibia has emerged relatively resilient thanks to the prompt measures undertaken by key stakeholders ...
