The well-known LDV brand, which was historically part of the Rover Group in the United Kingdom, is winning over the hearts and minds, and perhaps most importantly, wallets, of Namibian consumers by giving prospective buyers what they want. That is power, affordability and reliability, which are three characteristics quickly making LDV a local household name. ...
Namibia finds itself in a delicate position, where cement supply outweighs demand or market. This is according to the country’s largest cement manufacturer, Ohorongo Cement, which remains adamant that the domestic market, in its current form, is not large enough to sustain two cement manufacturers. The reasoning is that Namibia currently has demand for about...
The upgraded Namibian banknotes and coins unveiled on Wednesday evening by President Netumbo Nandi-Ndaitwah are a necessary step, given the country’s banknotes were last updated in 2012 while the domestic coin series has remained unchanged since 1993. As such, the updated currencies, expected to go into circulation next month, have been designed to meet the...
The Namibian Competition Commission (NaCC) has collected more than N$1 million in settlement agreements emanating from alleged anti-competitive behaviour by five pharmaceutical companies and one windscreen retailer. The affected parties engaged the commission after investigations concluded that these entities were engaged in exclusive dealings. These agreements were imposed between November 2022 and January 2023. In...
A relatively new initiative is targeting to turn Namibian boys into productive and caring members of society. The programme, called the 4×4 Initiative, recognizes and deals with the myriad of challenges boys face on a daily basis by offering camps where they are taught how to become leaders and how to constructively contribute to the...
Allan Martin and Maretha Olivier in their Skoda R5 took the top position at a tough and demanding Tsumeb Rally this weekend. They were followed closely by Marko Himmel and his co-driver, Francois Schoonbee driving the legendary Toyota Etios on a rally course on Saturday. Himmel and Schoonbee were hot on the heels of...
Africa’s richest man billionaire Aliko Dangote, is reported to be preparing to construct massive fuel storage tanks at Walvis Bay. The tanks, reports suggest, would be able to supply much of southern Africa. The internet was abuzz yesterday with the news that massive 1.6 billion litre fuel tanks will be constructed on Namibia’s coast by...
Canadian miner B2Gold Namibia will scale down employment by approximately 400 jobs at its Otjikoto Gold Mine by the end of 2025 due to a transition from open pit to underground mining. It will, however, continue to look for new projects in the country and has set its sights on the nearby Antelope deposit. Located...
The much-awaited third leg 3 of the Namibian Rally series kicks off this weekend in Tsumeb with 12 entries. Derek Jacobs from the Namibia Motorsport Federation (NMSF) has described the rally, with headline sponsors Shell V-Power and M&Z Motors, as a crowd pleaser due to multiple viewpoints. He said it is an excellent route with...
Non-compliance with Namibia’s merger laws can lead to penalties, delays in merger implementation, prohibition, or even dismantling of an unlawfully implemented merger altogether. In this regard, upholding the integrity of domestic merger provisions is crucial for maintaining a competitive market environment in Namibia, fostering economic growth, and protecting consumer welfare. This was stated yesterday by...