Year: 2018

The extraordinarily popular Volvo XC40 is now available in T3 configuration which, unlike the rest of the models in the range, is a front-wheel drive vehicle propelled by a smaller 1.5 litre engine which is governed by a manual gearbox. However, according to the local Volvo dealership, the XC40 T3 will only hit Namibian showrooms later this year with a retail price in the half a million Namibia dollar range.

WINDHOEK – The Bank of Namibia’s Monetary Policy Committee (MPC) yesterday confirmed that the repo rate has been left unchanged at 6.75 percent. After a review of global, regional and domestic economic and financial developments, the MPC’s decision was made to continue supporting domestic growth, while maintaining the one-to-one link between the Namibia Dollar and the South African Rand.

WINDHOEK - The new Blue Economy concept – which is defined as the use of ocean resources by human beings and at the same time make sure that such resources are not depleted, is increasingly gaining support as the vehicle towards achieving ocean sustainability in Africa.

WINDHOEK – Marius Sheya, Governor of the Kunene Region, alongside his regional and local authority councilors, recently paid a courtesy call on the MTC management and was received by the Chief Human Capital and Corporate Affairs Officer, Tim Ekandjo.

WINDHOEK – Bank Windhoek extended its footprint in the country even further when it officially opened its 55th branch in Okahao, Omusati Region this week. The newest Bank Windhoek branch was officially opened by the Governor of the Region, Erginus Endjala, in the presence of King Johannes Mupongolitha Mupiya of Ongandjera, Mayor of Okahao, Immanuel Amutenya, councillors of Okahao Town Council, Managing Director of Bank Windhoek, Baronice Hans, and the Bank’s Head of Retail Banking Services, Chris Matthee. Members of the growing Okahao business community and invited guests were also in attendance to witness the opening.

WINDHOEK - Representatives of domestic workers unions from five SADC countries have urged member countries in the region to ratify International Labour Organisation (IOL) Convention 189 on decent work for domestic workers.

WINDHOEK - The latest assessment of the Namibian economy by international ratings agency, Fitch Ratings, on Monday affirmed a sub-investment grade rating of BB+ with a stable outlook. Local economists believe that this assessment is a confirmation for continued fiscal consolidation efforts, which have thus far been slow as government struggles to balance consolidation with adequate economic growth, poverty alleviation and a necessary reduction in income inequality.

KEETMANSHOOP – South African Corporation Kalahari Kid wants better cooperation with //Kharas Region’s small livestock farmers to improve the trade in goats between the two countries.

ONIIPA - Since Oniipa was proclaimed a town in 2015 it has yet to build modern brick houses for its residents though the local authority has made great strides to service some parts of the new town.
One such servicing development was witnessed on Tuesday when the town council serviced an area estimated to have 56 erven at Onethindi Proper that was provided with electricity.

OMUTHIYA - The Ministry of Home Affairs and Immigration in Oshikoto last week issued approximately 350 national documents to various communities in the region through its outreach programme in government’s ongoing efforts to take services to those in need.