Year: 2022

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Mondesa’s children reinvest in community
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Mondesa’s children reinvest in community

In solidarity with the Namibian child, but more specifically with those at the Festus Gonteb Primary School and the Vrede Rede Junior Primary School, a group of former learners calling themselves Children of Mondesa recently donated schoolwear to 50 pupils at the two neighbouring schools. 

RMB expects 3% domestic growth for 2022
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RMB expects 3% domestic growth for 2022

According to Rand Merchant Bank’s (RMB) Markets Research team, Africa’s outlook for the year-ahead includes optimism for growth in Namibia over the medium-term, which will be determined by efforts of both the private and public sectors to increase renewable energy across the country. 

EU invests N$36 million in  solid waste management
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EU invests N$36 million in solid waste management

During a virtual ceremony on Monday, 31 January 2022, City of Windhoek mayor Sade Gawanas signed an agreement with her counterpart from the City of Bremen, mayor Andreas Bovenschulte, to implement a European Union-funded project to improve solid waste management in Windhoek.

Trustco revenue down 49% to N$313 million …as losses after tax up by 190% to N$988 million
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Trustco revenue down 49% to N$313 million …as losses after tax up by 190% to N$988 million

For the 2021 financial year, Trustco reported a decrease in revenue of 49% to N$313 million, with an increase in basic as well as headline losses of 228% and 201% respectively, or losses down to N$872 million and N$766 million, respectively. Losses after tax increased by 190% to N$988 million, compared to a loss after tax of N$343 million the previous year.