WINDHOEK – The Economic Outlook for 2020 by Cirrus Securities, a company started in 2017 with a focus on corporate advisory, capital raising and research, predicts that small businesses in Namibia are expected to remain under pressure during 2020. As a result, and depending on the severity of new government policies, Cirrus expects that many small businesses will either close their doors, or lay off further workers.
WINDHOEK – Namibia National Reinsurance Corporation Limited (NamibRe)’s national scale financial strength rating was upgraded by GCR Ratings on 18 December, 2019, to AA-(NA), from A+(NA), with the outlook accorded as stable.
WINDHOEK - Executive Secretary of the Southern African Customs Union (SACU) Paulina Mbala Elago and the United Kingdom’s director for economic diplomacy at the Foreign & Commonwealth Office (FCO), Lewis Neal, recently signed a Memorandum of Understanding (MoU) to support implementation of the ongoing SACU Customs Modernisation Programme.
WINDHOEK - FNB Namibia’s latest rental index report, which was released yesterday, confirms that growth in rental prices remains in contractionary territory with the FNB Rent Price Index, recording a contraction of 1.9 percent at the end of September 2019, compared to a contraction of 8.6 percent over the same period last year.
WINDHOEK – Activity in the construction sector, which is an excellent barometer of economic strength, started with a gradual recovery during the third quarter of 2019.
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WINDHOEK - The annual inflation rate for December 2019 stood at 2.6 percent compared to 5.1 percent registered in December 2018, indicating an inflationary slowdown of 2.5 percentage points.
WINDHOEK - Team Namibia, the member-based organisation has the mandate to contribute towards “Growth at Home” and secure optimal market access for Namibian businesses with the mission to ultimately impact economic sustainability.
WINDHOEK - Bank Windhoek has confirmed the appointment of Frieda Beukes as its new Oshakati Branch Manager, effective 1 January 2020.
WINDHOEK - In the latest FNB Residential Property Report, FNB’s Group Economist, Ruusa Nandago, states that the FNB House Price Index plunged further into negative territory at the end of September 2019, reaching a historic low of -5.1 percent y/y compared to 2.0 percent recorded over the same period last year.
WINDHOEK – Local electricity generation decreased last year mainly as a result of inadequate water inflow into the Ruacana hydropower plant.
WINDHOEK – The Orano Mining Namibia yesterday announced its internal restructuring process, culminating in the appointment of Tommie Gouws as managing director in the place of Hilifa Mbako, who will now become the executive chairperson.
WINDHOEK- Khomas regional council’s Windhoek East constituency office has once again demonstrated that it remains at the forefront of driving self-employment in its community when owners of income generating projects recently received equipment or materials worth N$150 000 as part of efforts in fulfilment of government promise of assistance to the citizens in accordance with the policy of job creation strategies in all the constituencies.
WINDHOEK – Mortgage lending continued to dominate commercial banks’ credit exposure basket over the year to the end of the third quarter of 2019.
The central government’s budget deficit is estimated to narrow during 2019/20 when compared to the preceding fiscal year, which is mainly due to an increase in revenue as a result of higher SACU receipts.
Bank Windhoek ranked Best Bank in Namibia by PSG
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Ecopreneurship is a viable way to stimulate the economy
Air Namibia acknowledges ‘gravity’ of PAU malfunction
Sowing the seeds of entrepreneurial growth
IATA’s cargo handling improvement programme to bolster trade efficiency
GENEVA – While the International Air Transport Association’s (IATA) 25by2025 campaign to address gender balance in civil aviation is gaining traction three months after its launch, with 59 airlines already having signed up, only two African airlines have committed to the initiative, namely Air Botswana and the Angolan airline, TAAG.
WINDHOEK – Namibia Desert Diamonds (Namdia) yesterday declared a dividend of N$80 million to the government.
WINDHOEK – The Grove Mall of Namibia has announced a step in a new direction, including making slight changes to its name, while sporting new colours.
GENEVA - Similar to 2019 performance, African airlines are again expected to make a massive collective loss of US$200 million (about N$3 billion) in 2020 mainly due to structural problems of high costs mostly as a result of government taxes and fees as well as low load factors.
WINDHOEK - Namibia Wildlife Resorts (NWR) and Namibia Public Workers Union (Napwu) have announced the finalisation of their revised recognition agreement that follows the recent 2018/2019 wage negotiations that were successfully concluded by the two parties in September 2019.
WINDHOEK – Economic performance in the Southern African Customs Union (SACU) remains subdued, with most countries projected to grow by between 0.5 percent and 4.2 percent in 2019.
WINDHOEK - Local consumers were granted some marginal relief when the Monetary Policy Committee (MPC) of the Bank of Namibia (BoN) yesterday confirmed that the repo rate will remain unchanged at 6.50 percent.
WINDHOEK - The Minister of Industrialisation, Trade and SME Development Tjekero Tweya this week confirmed he will soon introduce new poultry product import restriction measures aimed at supporting domestic production, which in turn will restrict the issuing of the import quotas.
WINDHOEK – The Ministry of Mines and Energy has confirmed that fuel pump prices for December will remain unchanged, as prices at the entry port of Walvis Bay remain stable at N$13.05 per litre for 95 Octane Unleaded Petrol and N$13.63 per litre for Diesel 50ppm.
WINDHOEK - Single men are now the fastest growing group of home owners, accounting for 42 percent of total home transaction volumes.
The end of another year is rapidly approaching and all thoughts are on the festive season, as it is the season of giving.
WINDHOEK – The Windhoek Country Club Resort and Casino (WCCR) handed over N$6 million in preference shares to its shareholder, the government, through the ministries of public enterprise, as well as environment and tourism yesterday. The event took place at the Country Club grounds, where representatives from the government met the hotel’s management team.
WINDHOEK – Bank Windhoek yesterday emphasised its zero-tolerance approach towards corruption, following the airing of ‘Anatomy of a Bribe’ on the Al-Jazeera news channel this past weekend.
WINDHOEK – Bank Windhoek on Friday confirmed it has been named Bank of the Year by the leading Financial Times publication, The Banker.
WINDHOEK - At the recent CHANGE training graduation, FNB Namibia, through the FirstRand Namibia Foundation, handed over financial support of N$370 000 to CHANGE, a programme which offers ex-offenders a chance to develop the skills to become productive members of society through meaningful employment.
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It is no secret that aviation has come in for a good deal of scrutiny and criticism over its environmental impacts.
WINDHOEK – The acting Minister of Fisheries and Marine Resources Albert Kawana has called upon all stakeholders in the fishing industry to work with him to ensure confidence is re-instilled in the industry and that jobs are created.
WINDHOEK - In response to the Namibian government’s state of emergency declaration on the current drought affecting the country, with no relief for farmers in the short term, Capricorn Group and Capricorn Asset Management has followed in the footsteps of the Group’s flagship brand Bank Windhoek by making a contribution of N$200 000 to the Dare to Care Drought Relief Fund.
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WINDHOEK - The Government Institutions Pension Fund (GIPF) has confirmed the Fund’s solution upgrade from the Horizon solution to the Document Management Solution (DMS).
The Public Accountants’ and Auditors’ Board (PAAB) is a statutory board conceived by an Act of Parliament, the Public Accountants’ and Auditors’ Act No. 51 of 1951 (as amended).
WINDHOEK – Close to 300 people who willingly gave their money to self-proclaimed forex trader Michael Amushelelo and his associate Gregory Cloete (who were arrested on October 10, 2019) are now asking the Bank of Namibia to refund their ‘investments’.
WINDHOEK – Sanlam, together with their project partner Namibia Business Innovation Institute (NBII), confirmed the winner of the 2019 Sanlam Innovation Works project. Linda P Ndakolo of Linda P Creations emerged as the overall winner of the 2019 competition and walked away with a cash prize of N$25 000 to further invest in her business.
KAMANJAB – As part of expanding its footprint across the country and making banking services accessible to under-served communities, Standard Bank recently opened a new agency in Kamanjab in the Kunene Region.
With Black Friday fast approaching worldwide and its online equivalent Cyber Monday a few days later, the number of online deals during this time will far outnumber those available in stores.
WINDHOEK – Isabella Angihinka Tjatjara has been confirmed as the incoming commissioner of the Namibia Competition Commission (NaCC) and in fact already commenced her new duties November 01, 2019.
WINDHOEK – Following an announcement last week that government has shelved the Kudu Gas Power Plant project to consider cheaper sources such as renewable energy, the operator of the Kudu license BW Kudu has come out in defence of the development, saying the project “is alive and well”.
WINDHOEK - On Thursday, 14 November twenty-one Capricorn Group senior managers who took part in its maiden Senior Management Development Programme (SMDP) graduated in Windhoek. The graduates are from various departments within Capricorn Group and Bank Windhoek.
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WINDHOEK – Namibia’s state-owned enterprises (SOEs) currently have assets of more than N$62 billion and generate an annual income of more than N$23 billion.
WINDHOEK - Capricorn Group and Bank Windhoek held a special breakfast for business partners and suppliers on Wednesday, November 20, 2019, at the Am Weinberg Hotel to engage with them as respected partners and stakeholders who contribute to the Group’s success.
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WINDHOEK - Air Namibia yesterday confirmed that it is scaling down its economy class on-board meal and beverage offerings on all flights of 2.5 hours or less, irrespective of the time of departure or aircraft type.
WINDHOEK – Mobile Telecommunications Limited (MTC) opened its first ICT Innovation Centre in Windhoek to test, build and showcase new business and consumer ICT applications.
WINDHOEK - In its drive to continue supporting government initiatives, as well as the trade ministry’s Growth at Home policy, Ohorongo Cement recently partnered with local entrepreneur, Carbo Namibia, which is a Namibian manufacturer and exporter of charcoal products.
WINDHOEK - In support of its commitment to, and passion for environmental sustainability, Pick n Pay (PnP) Namibia, a subsidiary of the Ohlthaver & List (O&L) Group, recently signed a contract with BEE (Be Energy Efficient) Biofuel Manufacturing to safely dispose of all its used cooking oil (UCO).
WINDHOEK - The Banker Association of Namibia (BAN) will enhance their stationery drive on Friday, November 22, 2019, with a Shake-a-tin drive that will take place at various intersections in Windhoek.
WINDHOEK - The third consignment of about 7 500 metric tonnes of Pyrolusite was discharged from the general cargo vessel, Unistar, at the Port of Walvis Bay on Wednesday, November 13, 2019, at the multipurpose terminal.
WINDHOEK - In the early morning hours of Sunday, November 17, 2019, the Queen Elizabeth passenger vessel docked at the passenger terminal of the Namibian Ports Authority at Walvis Bay.
WINDHOEK - Mobile Telecommunications Limited (MTC Namibia) recently pioneered a new type of base transmitter station, namely the Tubestar macro base station at Osona Village Estates, some 50 kilometres north of Windhoek.
WINDHOEK – Government is keen to develop the country’s blue economy in an ecologically sustainable manner that avoids over-exploitation or damage to the ecosystem, as well as in an economically inclusive manner that ensures no Namibian is left behind
WINDHOEK - Air Namibia yesterday confirmed that its Windhoek to Frankfurt flights are again operating as per schedule. This follows an incident where one of the airline’s Airbus A330 – 200s was involved in an incident over the weekend at Frankfurt Airport, Germany.
WINDHOEK - The festive season is upon us, and several people are looking forward to an adventurous camping holiday alongside Namibia’s coastline.
Money is dangerous: it is bulky, smelly and dirty. Processing and getting the money from a shop, restaurant, café or any other place of business to the bank so it can be deposited can be a security nightmare, and it leaves business owners looking over their shoulder.
WINDHOEK - Government, through the Ministry of Finance, is actively seeking options to reinvigorate the role of financial sectors in supporting long-term productive investment that can enhance the ability of trade, technology and transnational companies to work for inclusive growth and development.
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WINDHOEK – Standard Bank Namibia Holdings Limited’s listing on the Namibia Stock Exchange on Friday added more than 522 million shares to the local bourse and N$4.65 billion in local market capitalisation.
WINDHOEK - Winner of the Development Bank of Namibia (DBN) 2019 Innovation Award Pulsar Electronic Solutions proposed a smart metering platform to enable household and enterprise electricity users to control their electricity usage remotely using mobile devices.
WINDHOEK - Afrox Namibia hosted the second Annual Afrox Leadership Academy graduation dinner on 08 November 2019 at a glittering ceremony in the capital.
WINDHOEK - Nedbank Namibia has launched the pioneering Go Green Fund in partnership with Namibia Nature Foundation in 2001, and has since blazed a trail for corporates to follow suit in protecting Namibia’s natural beauty for generations to come.
WINDHOEK – The Namibia Competition Commission (NaCC) has refused an application by the Namibia Petroleum Corporation (NAMCOR) to grant exemption for a proposed 50 percent import mandate for the country’s fuel needs. NAMCOR has applied to NaCC for exemption from the provisions of the Competition Act – in respect of agreements arising from a proposal decision by the Minister of Mines and Energy to require 50 percent of all petroleum imports to be reserved for NAMCOR.
WINDHOEK - Bank Windhoek, in partnership with Good Women Good Business (GWGB), hosted a jeans and sneakers event over the weekend in Windhoek.
WINDHOEK - Global Trade enabler DP World has signed an agreement with Namibia’s Nara Namib Free Economic Industrial Zone to develop an industrial park at Walvis Bay. The signing ceremony took place in Windhoek yesterday.
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WINDHOEK - Finance Minister Calle Schlettwein imparts there is potential for increased investment in renewable energy in Namibia.
WINDHOEK - Passionate about service excellence, Windhoek Palm Hotel, situated in Windhoek West, on Friday last week celebrated their first year in hospitality industry.
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The Institute of People Management (IPM) last week hosted a leadership awards gala dinner at Windhoek’s Palm Hotel.
WINDHOEK - The O&L Group yesterday announced it has acquired majority ownership of over 60% in Hartlief as part of its 2025 strategy, which aims to employ 10 000 people.
WINDHOEK - The 9th Institute of People Management of Namibia (IPM) Conference commenced last week at the Windhoek Country Club, featuring exciting talks under the theme ‘Relentless Leadership’.
WINDHOEK - Namibia has been voted one of the top 30 emerging travel destinations on the planet for 2020.
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WINDHOEK – The Ministry of Sport, Youth and National Service is well on target towards the realisation of the set goal to establish the 121 rural youth enterprises in all constituencies in the country.
WINDHOEK - The Namibian Ports Authority (Namport) recorded a commendable increase of 19 percent of twenty-foot equivalent unit (TEU) containers shipped and 33 percent of TEU’s that landed at the Port of Walvis Bay in the month of September 2019 when compared to September 2018. These were the remarks of Namport’s Acting Chief Executive Officer, Kavin Harry, during the Annual Port Users function held in honour of the entity’s clientelé last week Friday.
WINDHOEK - MTN Business Namibia has launched its LTE (4G) service at the coast, a development that now makes faster and reliable internet connectivity for home and office use in Swakopmund and Walvis Bay possible.
WINDHOEK - The Ministry of Industrialisation, Trade and SME Development (MITSMED), in partnership with the Namibia Chamber of Commerce and Industry (NCCI), will be hosting a Namibia-Bulgaria Business Breakfast Forum on 13 November 2019 at the NamPower Convention Centre in Windhoek.
WINDHOEK – The finance ministry as well as that of sport, youth and national service, in conjunction with the Development Bank of Namibia (DBN) on Wednesday unveiled a N$138.5 million small and medium enterprise (SME) financing strategy, to commence on 1 December, specifically aimed at enabling the youth to start or expand their businesses.
There’s a lot of hype about the Cloud, however what comes to mind when you hear that your software will sit in the cloud, it sounds positively intangible and like a cloud it can fall apart anytime.
WINDHOEK - The Ministry of Industrialisation, Trade and SME Development (MITSMED) has cautioned members of the public and especially entrepreneurs of an ongoing online fake press release that purports to have been issued by the ministry.
The first of October 1989 marked the official opening of the Government Institutions Pension Fund (GIPF).
WINDHOEK - The Development Bank of Namibia (DBN) recently celebrated its 15th anniversary. Opened in 2004, the Bank has since contributed to a wide range of economic activities and socio-economic wellbeing through its finance.
WINDHOEK - The Bank of Namibia has released a comprehensive report comparing different banking fees and charges by banking institutions in Namibia and Nampost Savings Bank as at 30 September 2019.
WINDHOEK - The current recessionary economic environment appears to have aggravated the occurrence of fraudulent insurance claims being submitted by policyholders with criminal intent in their attempt to “ease their cash-flow situation”.
One of the challenges Anti-Money Laundering specialists face is employing a risk-based approach through the study and application of international trends, typologies, and recommendations to their specific regions.
WINDHOEK - Hollard Namibia and Pick n Pay have joined forces in opening up the very first in-store Hollard Business Office at the Wernhil Pick n Pay.
WINDHOEK - Horst Simon, Business Risk Officer at Capricorn Group Enterprise Risk Management (ERM) department, was nominated by an industry colleague in South Africa for the Africa Risk Management Award and at the Annual Awards Ceremony of the Institute of Risk Management South Africa (IRMSA).
WINDHOEK - The chairperson of the Meatco board convened a Meatco special members’ meeting on 1 November 2019.
WINDHOEK – Due to significant under-recoveries per product on the basic fuel price (BFP), it is estimated that the National Energy Fund will avail in excess of N$40 million in subsidies to spare consumers the burden of a fuel increase for November.
WINDHOEK – One of the main topics scheduled to be discussed at the Construction Industries Federation (CIF) Construction Conference & AGM on 14 and 15 November will be the establishment of a Namibian Construction Council, which is in line with the government’s commitment to have the council promulgated before the end of the 2019/2020 financial year.
WINDHOEK - A barrage of squawks greets Albert Handunge every time he steps into his chicken coop. As the owner of Kona MH Supply cc, a poultry company based in Katutura, he beams. Seeing his chickens with their laid eggs reminds him of how, if supported locally, the poultry industry can boost job creation and ultimately eradicate poverty!
WINDHOEK - World Savings Day or International Savings Day was established on 30 October 1924, during the first International Savings Bank Congress (World Society of Savings Banks) in Milan, Italy and was declared on the last day of the congress.
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WINDHOEK - Sanlam officially bid farewell to its first set of formalised interns.
WINDHOEK - A delegation of 18 senior military officers from the Namibia Command and Staff College based in Okahandja led by the Commandant of the College, Brigadier General Mathew Shipulwa, conducted a study tour to Desert Fruit Namibia (DFN) on 24 October.
WINDHOEK – Three straight years of negative growth of the Namibian economy is not making any positive contributions to the unemployment rate as businesses are more likely to retrench staff in the current economic climate than actually recruit new employees.
WINDHOEK - Namibia’s current economic environment necessitates increased focus on supporting local businesses, in particular those that are manufacturing and producing for the local market, with the inherent intention to also export to regional and international markets other than effectively meeting the domestic demand.
WINDHOEK – Namibia’s 12-month growth in broadly defined money supply (M2) rose further at the end of September 2019, relative to the preceding month.
WINDHOEK - Taxpayers were yesterday informed that all penalties on their tax accounts will be waived as part of an incentive programme to encourage registration as e-filers on the Integrated Tax Administration System (ITAS) and to promote the continuous use of the online service.
WINDHOEK - Seedstars World, a Swiss-based start-up competition in emerging markets, and the African Development Bank on Tuesday announced a strategic partnership to implement its innovative ‘job creation track’ model to support youth employment and entrepreneurship in Africa.
WINDHOEK - Standard Bank Namibia’s Head of Small and Medium Enterprises (SMEs), Dennis Issac, said loan seekers should make sure they are ethical and willing to repay their dues whenever applications are to be submitted to the bank.
WINDHOEK - The Lufthansa Group has expanded its long-haul network, now connecting Windhoek with its largest hub in Frankfurt, in cooperation with Eurowings.
WINDHOEK – The quality of corporate governance in public enterprises (PEs) is directly correlated to the performance of these entities. This was confirmed by Minister of Public Enterprises Leon Jooste yesterday at the first-ever National Corporate Governance Summit, which took place in Windhoek.
WINDHOEK - Bank Windhoek’s Annual Coastal Estate Agents Awards ceremony hosted in Swakopmund on Friday, recognised J&B Estates, Golden Palace Property Centre and Ramos Realtors Namibia, as the top three coastal Estate Agencies.
WINDHOEK - Cornastone Information Technology Services recently celebrated achieving Platinum status with Hewlett Packard Enterprises (HPE), which is one of the highest possible global standings that can be achieved with HPE.
WINDHOEK - The 9th Institute of People Management of Namibia Conference is scheduled for the 7 and 8 November, at the Windhoek Country Club.
WINDHOEK - The Construction Industries Federation (CIF) plans to host its first annual construction conference on 14 and 15 November 2019, which is to take place at the Safari Hotel and Conference Centre.
Debit and credit cards, cellphones and electronic funds transfer (EFT) have replaced the cheque as a mode of payment while browsers are increasingly making inroads on the traditional client preferences for bank branches.
WINDHOEK - The Namibia University of Science and Technology supported by Bank Windhoek and Capricorn Group, last week hosted a two-day workshop for journalists and media students on the Investigation of Illicit Financial Flows and Money Laundering in Windhoek.
WINDHOEK – The Namibia Institute of Corporate Governance (NICG) is set to host the first-ever national corporate governance summit tomorrow, at Safari Hotel.
WINDHOEK - In a post independent Namibia, the youth should always be in a position whereby they can secure their own financial prosperity and contribute to social change.
WINDHOEK – Late last week, Air Namibia confirmed that after a temporary three-month suspension, it has re-introduced the Windhoek to Luanda route back to its schedule. The Windhoek to Luanda flights were scheduled to re-commence its Angolan operation yesterday.
WINDHOEK – The risks to Namibia’s credit rating outlook are bound to increase considering last year’s fiscal developments coupled with the fact that government is unlikely to be able to consolidate this year’s budget deficit.
WINDHOEK - The Ministry of Industrialisation, Trade & SME Development, through the Business and Intellectual Property Authority, on behalf of the Government of Namibia, launched the first National Policy on Intellectual Property during a high-level breakfast engagement on Wednesday in Windhoek.
WINDHOEK - The economic recovery and growth stimulus package announced by Finance Minister Calle Schlettwein on Tuesday during the Budget Review and the Medium-Term Budget Policy Statement, consists of four interdependent components over the short and medium-term horizon.
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WINDHOEK – After a review of global, regional and domestic economic and financial developments, the Bank of Namibia’s Monetary Policy Committee (MPC) yesterday announced that the country’s repo rate will remain unchanged at 6.50 percent.
WINDHOEK – During a post-mid-term budget breakfast yesterday Finance Minister Calle Schlettwein reiterated a comment from his mid-term budget statement that Namibia still has significant discrepancies between the ‘haves’ and the ‘have nots’.
WINDHOEK - In some parts of the world, tailoring is regarded as pastime. Conversely, Fiina Malulu, considers tailoring to be an activity which may positively impact Namibia’s economy if her business concept is supported locally. Malulu, who is self-employed in the tailoring industry, is the owner of Fojarat Investment cc, a local business that designs, produces and repairs clothing for all Namibian age groups.
WINDHOEK – As Namibians grapple with one of the worst droughts in recent history, coupled with an economic recession going on three years now, there has been increased interest from consumers and businesses in installing waste water treatment facilities that can convert grey or black water into a useable product.
Namibia seems to be a safe and secure haven, we go about our business and relish the idea of telling foreigners about our beautiful country in Southern Africa, assuming that almost no one has ever heard of it.
WINDHOEK - Namibia has achieved global maritime safety standards by upgrading its Navigational Telex (Navtex) system.
WINDHOEK - Telecom Namibia (TN) and the Namibia Public Workers Union (Napwu) signed a one-year wage agreement on Monday.
WINDHOEK - Standard Bank has scooped the top spot as Namibia’s Best Investment Bank in the EMEA Finance 2019 Awards.
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WINDHOEK - In preparation for the imminent arrival of 5G technologies in Sub-Saharan Africa, Mobile Telecommunications Limited Namibia (MTC) says that as a market leader and provider of next generation convergence network solutions it is committed to ensuring that it continues providing its 2.4 million customers with innovative technologies and services
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The saying goes, “Times of great calamity and confusion have been productive for the greatest minds. The purest ore is produced from the hottest furnace. The brightest thunderbolt is elicited from the darkest storm.”
WINDHOEK - Ohorongo Cement recently received recertification on its Quality & Environmental Management Systems, endorsing the fulfilling of standards, ISO 9001: 2015 and ISO 14001: 2015.
WINDHOEK – As part of the 081Everyone project aimed to footprint a 100 percent connectivity countrywide, ICT solution provider MTC connected residents of Sorris Sorris in the Kunene region as of 18 October.
The NSA has officially started its census mapping exercise last week, starting with the Zambezi region and to be extended to the entire country from next year February until August 2020. In order to really
WINDHOEK – The Bank of Namibia on Friday afternoon clearly pronounced itself on the issue of foreign exchange (forex) trading, reminding Namibian residents 18 years of age and older that they are entitled to
WINDHOEK – “The reason for suspension is because our accounts are in arrears. We owe them money however we made a partial payment today”, was part of the blatantly honest and direct response from Air
WINDHOEK – There is a saying that goes: If it is too good to be true, it probably is. Serious investors, both institutional and private, generally abide by this principle to minimise risk and maximise profit for
WINDHOEK – In its most recent World Economic Outlook (WEO) the International Monetary Fund (IMF) has expressed concern about the pace of global economic activity which remains weak, particularly since global growth slowed down sharply in the last three quarters of 2018.
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WINDHOEK - On Monday, 14 October 2019, Capricorn Group, Bank Windhoek’s holding company, launched its third seven-month Management Development Programme (MDP), in partnership with University of
WINDHOEK – The public will have the opportunity to take up shares in Standard Bank Namibia Holdings Limited, the holding company of Standard Bank Namibia Limited, following its successful application to list on
WINDHOEK - Bank Windhoek executives joined the rest of the world in paying homage to customers and frontline staff in recognition of the International Customer Service Week held annually in October. The
WINDHOEK- The current status of Internet of Things in Namibia is something worth pondering on since we have to keep up with the times in terms of technology. The Internet of Things can be defined as the
WINDHOEK – The digital evolution of the past decade or so has radically altered the face of the publishing industry around the world, including in Namibia, thus print media have to keep up with the fast-changing
WINDHOEK - The annual inflation rate slowed to 3.3 percent in September 2019 from 4.8 percent recorded in September 2018, representing a slowdown of 1.5 percentage points. According to the latest Consumer
WINDHOEK – A statement sent yesterday from Trustco Group Holdings indicated that Next Capital Limited, which is an investment vehicle for Quinton van Rooyen and family, intends to write off a N$1 billion loan made
WINDHOEK – Standard Bank Namibia Holdings, a subsidiary of the Standard Bank Group, yesterday commenced with its Namibia Stock Exchange (NSX) listing roadshow with corporate listing breakfast in
WINDHOEK – Namibia needs to invest in technology and innovation, human capital and institutional framework in order to adequately prepare for the fourth industrial revolution (4IR). This is according to
WINDHOEK - The owners of the Skorpion Zinc Mine in southern Namibia, Vedanta Zinc International (VZI), on Friday confirmed that the mine’s refinery will be placed on an extended plant shutdown from early
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WINDHOEK – Janny David, a 28-year-old real estate developer and owner of Jay’Dor Real Estate, is encouraging Namibians to never give up on their dream of owning a home. David, who has been involved in
WINDHOEK – According to the Institute for Public Policy Research’s (IPPR’s) latest Quarterly Economic Review, covering the third quarter of 2019 (July to September), government is still exhibiting three key
WINDHOEK – The Road Fund Administration (RFA) says it is cognisant that the future will bring dramatic technological improvements to the transportation sector, requiring closer stakeholder engagement and
The Bank of Namibia’s report on Namibia’s second quarter performance found that fuel imports significantly contributed to the decline in the country’s current account.
WINDHOEK - Capricorn Group launched its 2019 Integrated Annual Report yesterday, making it the fourth integrated report for the Group that adheres to the International Integrated Reporting Council’s IR Framework.
WINDHOEK – During the third and last day of the National ICT Summit, which commenced in Windhoek on Monday, Deputy Minister of Information and Communication Technology, Engel Nawatiseb, said it is
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WINDHOEK – On Monday, Bank Windhoek officially inaugurated its new Lifestyle Branch situated at the Pupkewitz Megabuild Lifestyle Centre in Windhoek’s Kleine Kuppe suburb. The new branch, which includes
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Unmanned Airborne Systems (UAS) are increasingly affordable, capable and readily available. They are also cheaper to operate than conventional aircraft and helicopters. They are no longer gimmicks. They are
WINDHOEK – According to newly appointed Brand Ambassador of the National ICT Summit, Dr Stanley
WINDHOEK - UN House Namibia on Friday introduced electric vehicles (EVs) to the local automotive market
WINDHOEK - Prices in the rental market have shown some improvement compared to a year earlier but
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WINDHOEK – This week’s downgrade of Namibia’s credit rating by Fitch Ratings reflects the mutually
WINDHOEK - Elaine Schlechter joined Welwitschia Insurance Brokers (WIB) on July 1, 2019 as the new
WINDHOEK - FirstRand Namibia has again warned customers and the general public that the imposter fraud
WINDHOEK – The Ministry of Mines and Energy has confirmed that fuel pump prices for October will remain
Team Namibia has encouraged all local businesses, irrespective of whether they produce goods or
WINDHOEK – Minister of Finance Calle Schlettwein says government remains optimistic that economic
WINDHOEK - The Government Institutions Pension Fund (GIPF) is excited to announce the celebration of its
WINDHOEK - Bank of Namibia (BoN) has confirmed that activity in the domestic economy slowed during
WINDHOEK - Credit cards are the crack cocaine of financing because they offer you instant gratification
WINDHOEK – President Hage Geingob on Thursday evening invited representatives of key global private
The Public sector internal auditor’s conference with the theme “Does Accountability Matter”, basically aims:
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WINDHOEK - The Education Business division of the Johannesburg Stock Exchange-listed leading
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ONGWEDIVA - The Namibian Fish Consumption Promotion Trust (NFCPT) improved its revenue from N$87
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WINDHOEK – One of the major causes of the country’s urban housing challenge is the migration of
WINDHOEK - The Namibia Food and Allied Workers Union (Nafau) and major retailer, Pick n Pay, have
WINDHOEK - OTC Markets Group Inc., operator of financial markets for 10 000 United States and global
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WINDHOEK - The N≠a Jaqna Conservancy recently held their most successful Annual General Meeting to
WINDHOEK - The Namibia Chamber of Commerce and Industry (NCCI) yesterday officially launched its
WINDHOEK – An industry-wide banking strike scheduled to take place in South Africa this Friday is not bank
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WINDHOEK – The Ministry of Finance has responded to complaints regarding a perceived delay in the
WINDHOEK - DHL-Ethiopian Airlines Logistics Services, which is a joint venture formed between DHL Global Forwarding and Ethiopian Airlines, is up scaling its operations in Ethiopia. The company has named Berhanu
WINDHOEK - The maximum monthly potential cash back earnings of FNB Rewards has been increased across all segments from September 1, 2019.
WINDHOEK – One of Africa’s leading entertainment platforms’ digital apps put customers first and empower them to manage their accounts for an elevated viewing experience.
WINDHOEK - Namibian private equity firm Eos Capital on Thursday launched the Nambob brand in the
WINDHOEK - Headway Consulting recently signed on as Silver Sponsor for the 6th National ICT Summit
WINDHOEK - The continued contraction in housing prices is not a surprising outcome given the severely
WINDHOEK- FirstRand Namibia Staff Assistance Trust announced yesterday that it has approved tuition fees for 38 applicants of previously disadvantaged non-managerial staff.
WINDHOEK – State-owned rail enterprise TransNamib’s chief executive officer (CEO) Johny Smith has been
WINDHOEK – Nam-mic Payment Solutions (Pty) Ltd announced that it has officially appointed Meriam
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WINDHOEK – Road Fund Administrator (RFA) board chairperson Penda Ithindi says the fund envisages an
WINDHOEK – The domestic economy remains subdued in the second quarter of 2019, recording a
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WINDHOEK - FlyWestair, Westair Aviation’s new scheduled passenger airline, has confirmed a new route between Windhoek’s Eros Airport and Cape Town, South Africa six times per week, with a quick stopover in Oranjemund.
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WINDHOEK – Namibia has achieved notable progress since independence in addressing its socio-economic challenges, Prime Minister Saara Kuugongelwa-Amadhila has said.
WINDHOEK – Cabinet has directed Namibia’s power utility company NamPower and the Zimbabwean Electricity Supply Authority (ZESA) to meet to finalise the ongoing negotiations for the possible supply of an additional 50 megawatts to Namibia.
PRETORIA - Marie Françoise Marie-Nelly is the newly appointed World Bank Country Director for South Africa, Namibia, Lesotho, Botswana and Eswatini. She replaces Paul Noumba Um and joins the Pretoria
WINDHOEK – The Road Fund Administration (RFA) through the Road User Charges (RUCs) has invested a total of N$17.27 billion in the preservation of national roads network, which has grown from 42 100
WINDHOEK - It doesn’t matter which walk of life you are from, be it tenderpreneur, chief executive officer or domestic worker, Namibians are drowning in debts, with 238, 640 borrowers owing an astonishing
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WINDHOEK - Namibia needs to make tough decisions or remain stuck in the current economic storm, High Level Panel on the Economy chairperson Johannes !Gawaxab said.
WINDHOEK - Namibia Financial Institutions Supervisory Authority (Namfisa) workers entered a second day of strike for higher pay yesterday, with the union refusing to accept a six percent salary increment offered by the institution.
WINDHOEK- Minister of Labour Relations and Employment Creation Erkki Nghimtina yesterday opened a two-day workshop on employment creation that will dialogue on possible interventions for creating employment in different sectors of the economy.
WINDHOEK - The 20th Bank of Namibia (BoN) Annual Symposium to be officiated by Prime Minister Saara Kuugongelwa-Amadhila on Thursday this week will discuss the question whether Namibia is really a middle
WINDHOEK- In its quest to provide the market with relevant, holistic financial solutions, Bank Windhoek on Wednesday launched a new Selekt Gold offering.
WINDHOEK – In anticipation of the United Kingdom (UK) leaving the European Union (EU) at the end of October, the Southern African Customs Union (SACU), along with Mozambique, has agreed to roll over the
WINDHOEK - Altron Rest of Africa (Altron ROA), a division of JSE-listed technology company Altron, has confirmed the sale of a minority stake in its subsidiary, Bytes Technology Group Namibia (BTG Namibia), to
DURBAN – Africa and the developing world in general is seized with finding sustainable solutions to the current challenges facing young people and the labour market of the future. The possibility of a digital
WINDHOEK – In response to various employers’ payroll software systems still not being ready to submit Pay As You Earn (PAYE) returns electronically through the Integrated Tax Administration System (ITAS), the
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WINDHOEK - Team Namibia held a retail networking event to support manufacturers of cosmetic and beauty products to secure shelf space in Windhoek pharmacies as well as duty free outlets on September 3.
WINDHOEK - O’Nature Cosmetics, in conjunction with Versatile Media Agency, reached another milestone when they recently launched their new brand ambassador’s cohort at the Garden Inn. With the market for
WINDHOEK - Economic loss due to cybercrime is predicted to reach US$3 trillion (about N$45 trillion) by 2020, and 74 percent of the world’s businesses can expect to be hacked in the coming year. Current efforts to
WINDHOEK - As a responsible corporate citizen dedicated to fighting e-crime and financial fraud, Bank Windhoek has launched a vishing awareness campaign, which highlights how vishing telephone fraud works.
WINDHOEK – The United Nations Population Fund (UNFPA) in collaboration with Botswana, eSwatini, Namibia, Mauritius, Seychelles and South Africa are co-convening a multi-country dialogue to discuss
WINDHOEK – In an extremely challenging operating environment, that includes a significantly subdued economy, prevailing drought and increased competition, MultiChoice Namibia (MCN) continues to impress by consistently growing its business.
DURBAN - Regional Director for Africa at the World Travel and Tourism Council (WTTC) Jillian Blackbeard has praised Namibia for being one of the best self-drive destinations in Africa. In tourism terms, self-drive
WINDHOEK - Capricorn Group Executive Management Team (EMT) members officially welcomed 20 new employees to the organisation on September 2, 2019. The new staff were welcomed at a two-day New
WINDHOEK - As Poiyah Media turns two years old, it received a prestigious nomination as the Global Start-up Awards Best media partner, which celebrates start-ups and their accomplishments globally.
WALVIS BAY - German Federal Minister for Economic Cooperation and Development Gerd Müller says he is keen to explore development in importing and exporting as well as vocational training with Namport.
WINDHOEK - With the recent signing of the African Continental Free Trade Agreement (AfCFTA), Zambian Minister of Tourism and Arts, Ronald Kaoma Chitotela, says the time has come for African
WINDHOEK - FirstRand Namibia presented its 2019 end-year results on Friday morning showing an increase in profit before tax by 2.2 percent to N$1.58 billion (2018: N$1.55 billion). The group’s revenue
WINDHOEK - Hopes for Africa’s economy have been raised before, particularly when the continent enjoyed boom times prior to the financial crash of 2008, much in part to a commodities “super cycle” that
WINDHOEK - The I n t e r n a t i o n a l Telecommunication Union (ITU), the United Nations specialised agency for information and communication technologies (ICTs), estimates that at the end
Turning contacts into quality relationships takes effort. It is not enough to send a sporadic email or call or connect on social media. You need to invest in relationships to strengthen and grow them over time.
WINDHOEK - The Namibia Chamber of Commerce and Industry (NCCI) branches at Ondangwa, Oshakati and Ongwediva has elected new branch leaders at their respective annual general meetings held recently.
Participants from various Local Authorities gathered at NIPAM last week to attend the first cohort training on Project Finance. The training is designed for Local Authorities with an objective of addressing the
WINDHOEK - Namibia’s pork industry is exploring all avenues to erect a third pig abattoir in the central areas to bolster local production which has experienced a 14.8 per cent decline in the first six months of this year.
WINDHOEK - The global oil market remains favourably volatile to net importers of oil like Namibia in that oil prices have fallen during the period under review. This has resulted in the Ministry of Mines and Energy
WINDHOEK - In a drive to improve their stakeholder communication, the Business and Intellectual Property Authority (BIPA) hosted an open day on August 28, 2019 at the Ongwediva Trade Fair. The aim of the event
WINDHOEK - Bank Windhoek’s Annual Northern Estate Agents Awards ceremony capped Eveline Paulus, Roswitha Haingura and Helena Amunyela, as the top three northern estate agents at a glittering event hosted in Oshakati on Thursday, August 29, 2019.
WINDHOEK – South African Transport and Logistics industries have distanced themselves from an anticipated truck driver’s strike in that country today, saying they do not support calls for national
WINDHOEK – While the Zambian government has already issued a travel advisory in anticipation of a national truck drivers’ strike in South Africa on Monday, September 2, the Namibian government, through
WINDHOEK – The expected contraction in economic growth of 1.7 percent in 2019 will be the worst recession the country has experienced since independence. Driven primarily by a dismal performance of
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WINDHOEK – The Government Institutions Pension Fund (GIPF) issued a statement late last week saying it has taken note of the pronouncement made on August 21 by the Prosecutor General on the investigation into
WINDHOEK - In light of recent industry developments, which include road, rail and sea upgrades, Namibia’s logistics and economic aspirations are well on track to being realised. Several industry projects
WINDHOEK - At a handing-over ceremony on 22 August 2019, the trustees of the Embwinda Fishing Workers’ Trust (EFWT) received a cheque of N$1.1 million from Cadilu Fishing to distribute to the employees of Embwinda Fishing.
WINDHOEK – The Capricorn Investment Group Limited (Capricorn Group) released its consolidated group financial results for the year ended June 30, 2019 on Friday, showing excellent results, with group profit
WINDHOEK - In response to the reduction of the Repo rate by the Monetary Policy Committee of the Bank of Namibia, as announced on August 14 2019, Bank Windhoek has confirmed the reduction of its Prime
WALVIS BAY- A N$25 million hotel, Blue Whale Boutique Hotel has officially opened its doors in the millionaire’s lane at Walvis Bay on Monday.
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Bank and corporate managers are demanding a new generation of risk modelling that goes beyond transparency and enhances their ability to see competitive opportunities as well as to recognise the
WINDHOEK - In Namibia, approximately 44 percent of young people are unemployed and there is mounting pressure on government institutions and departments to provide employment opportunities for them. Over the past few years, Namibia has produced record numbers of skilled graduates from local
WINDHOEK - Team Namibia, a member-based non-profit movement aimed at the promotion of quality local manufactured products and services, held a donor event financed by the Embassy of Finland, called
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GIPF continues to be a proud participant at the Ongwediva Annual Trade Fair. At this year’s Trade Fair, GIPF will focus on running a massive data clean-up campaign.
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WINDHOEK - Earlier this month, Nedbank Namibia launched Namibia’s first-ever zero-maintenance fees bank account. Referred to as the Pay-As-You-Use account, it allows clients of any age or income group to pay bank charges only when they make a transaction.
WINDHOEK – The Retirement Funds Institute of Namibia (RFIN) hosted its 13th Annual Conference teaser event which allowed stakeholders, sponsors, speakers and members of the public to get an idea of what to
WINDHOEK - The Construction Industries Federation is very hopeful about the outcome – commitments made by the Namibian government as well as the pledges of anticipated investments by private sector
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WINDHOEK - On Thursday, August 15, Bank Windhoek and the International Finance Corporation (IFC) jointly introduced the free to use EDGE (“Excellence in Design for Greater Efficiencies”) green building
WINDHOEK – Once the new Public Accountants and Auditors Bill is promulgated, it will significantly strengthen the independence of the Public Accountants and Auditors Board (PAAB) and will provide for the
JOHANNESBURG - African leaders have finally launched a long-awaited free-trade agreement seven years after the concept was first agreed, but political integration as envisaged by the continent’s founding fathers decades ago still seems a pipe dream.
WINDHOEK – The Namibia Institute of Public Administration and Management (NIPAM) is offering a new tailor-made course for local authorities and regional councils on project finance.
WINDHOEK – With Windhoek’s annual urbanisation rate currently at about four percent, the N$4.3 billion housing development of the Ongos Valley Project intends to make a significant contribution to the capital city’s population, which is expected to exceed 645 000 people by 2030.
WINDHOEK – The latest Consumer Price Index provided by the Namibia Statistics Agency (NSA) indicates that the All Items Index for July 2019 was estimated at 137.7 up from 132.8 registered in July 2018. NSA
WINDHOEK - Ongos Valley, the exciting N$4.3 billion housing development poised to change the face of Windhoek’s residential landscape, kicked off on Wednesday with a ground-breaking ceremony attended by
WINDHOEK – The Monetary Policy Committee (MPC) of the Bank of Namibia yesterday gave some much-needed positive news when it announced that it reduced the repo rate by 25 basis points to 6.50 percent.
WINDHOEK – Looking at the last three years it is apparent that the timely submission of Affirmative Action (AA) reports by relevant employers remains a challenge. Relevant employers are required to submit AA
A short while ago I was honoured to be invited to the Economic Growth summit in Windhoek. This conference was created to lure potential investors to Namibia from overseas, but also get local
ONGWEDIVA – The sluggish economy continues to wreak havoc on consumer spending as Namibians are forced to do more with less in light of dwindling disposable income. And while a company’s first
WINDHOEK - On Friday, August 9, 2019, Bank Windhoek donated laptops to the Omaheke Regional Library in Gobabis. Upon receiving the donation, the director of education in the Omaheke
WINDHOEK - A first of its kind Urban Fair is slated for Ongwediva on Saturday, 7 September 2019. The
WINDHOEK – The Ministry of Mines and Energy has confirmed that although it has received several proposals for the establishment on an oil refinery, it has not yet granted any approval as it awaits feedback on
WINDHOEK – The Namibia Charcoal Association (NCA) says charcoal production is booming in the country and the organisation is committed to growing the industry.
WINDHOEK - TransNamib recently achieved a milestone by moving the first shipment of Northern Cape manganese from Ariamsvlei to Lüderitz. The train departed for Ariamsvlei on landmark voyage on Thursday,
WINDHOEK – During the 2018/19 financial year the Financial Intelligence Centre (FIC) intercepted and intervened in 25 suspicious financial transactions valued at close to N$472 million. As empowered by
WINDHOEK - The Government Institutions Pension Fund (GIPF) has confirmed that it will embark on an extensive Financial Literacy Campaign, which will run from August 05, 2019 to August 30, 2019.
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WINDHOEK – Nabirm Energy Services, the Namibian registered arm of Nabirm Global, an oil and gas explorer, has upped the ante on offshore exploration by contracting Electromagnetic Geoservices (EMGS)
WINDHOEK - Chairperson of the Debmarine Namibia board of directors Dr Michael Himavindu says the company is committed to protecting the marine environment where they mine diamonds.
WINDHOEK - Paratus Namibia has announced the completion of the initial phase of its national Mobile-LTE rollout plan.
WINDHOEK - Various scams have been circulating over the past couple of months using well-known Namibian personalities. Recently, it is alleged that musician Martin Morocky, popularly known by his stage name King TeeDee, has fallen victim to such.
WINDHOEK - The Bankers Association of Namibia (BAN) says it has learned that some merchants continue to add a surcharge or additional fee to card transactions or are setting minimum or maximum transaction amounts as condition for accepting debit or credit cards for payment.
Medicine, healthcare and going to the doctor or hospital has for centuries been the procedure when we feel sick. These days, even in Namibia, we now often first reach for our phones or surf the Internet to
WINDHOEK - PowerCom Pty Ltd has declared dividends of N$8.1 million for the 2017/2018 financial year. Its CEO Alisa Amupolo stated that during the previous financial year the company was able to withstand
WINDHOEK - The implementation of the Bank of Namibia (BoN) initiative to support the Namibia Training Authority (NTA) apprenticeship programme has started.
WINDHOEK - The Development Bank of Namibia (DBN) and the Development Bank of Southern Africa (DBSA) recently jointly pledged N$8 billion in finance for infrastructure requirements in Namibia. The
WALVIS BAY - China Harbour Engineering Company (CHEC) says the construction of the Namibia Ports Authority (Namport) container expansion project was the most challenging project ever undertaken by the company.
WINDHOEK - Quality plenary discussions, presentations, networking opportunities and open and frank dialogue between the public and private sector at last week’s Economic Summit for Growth impressed and
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WINDHOEK – Organisers of the just-ended Economic Growth Summit will soon embark on an investment roadshow to mobilise more resources in addition to the N$50 billion in investments committed at the Summit.
WINDHOEK – The Ministry of Mines and Energy this week confirmed that fuel pump prices for August will remain unchanged. This means that fuel pump prices in Walvis Bay will be N$13.05 per litre for 95 Octane
WINDHOEK - Huawei announced its business results for the first half of 2019 showing CNY401.3 billion (US$58.2 billion) in revenue, a 23.2 percent increase over the same period last year. The company’s net
WINDHOEK - Nedbank Namibia has taken the next step in its digital banking evolution by launching its top-rated Money App technology in Namibia. According to the bank, the new Nedbank Money Africa App (Money App) is not merely an upgrade on its existing mobile banking technology, but a fundamental rethinking of its
WINDHOEK – For the 18th consecutive year Nedbank Namibia has once again shown its support for the
WINDHOEK – Namibia’s current economic situation has compelled its leaders to rethink the country’s developmental path, which has had a disproportionate reliance on government expenditure. This was part
WINDHOEK - In 2015, Ohorongo Cement acknowledged the dreams of Schack Dwellers Federation of Namibia (SDFN) members to have their own houses, and as such, approached the FNB Foundation Trust
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Today, 31 July 2019, President Hage G. Geingob, an eternal, but pragmatic optimist will deliver the keynote address at the two-day Namibia Economic Growth Summit convening under the apt theme,
In the spirit of good corporate citizenship, organisations both in the public and private sectors in Namibia have an active role to play when it comes to developing skills. Especially in the ICT sector skill
WINDHOEK - The Namibia National Reinsurance Corporation (NamibRe) yesterday declared a dividend of N$6.15 million for the financial year ended March 31, 2018. This dividend represents 20 percent of the
WINDHOEK - The Bank Windhoek Property Expo, hosted by the Association of Estate Agents of Namibia (AEAN), attracted hundreds of visitors over the weekend. The Expo took place on Friday, 26 and Saturday,
WINDHOEK - Elso Holdings, the oldest and only Namibian manufacturer of cleaning materials delivering quality products locally for more than 60 years, is restructuring its route to market solution by outsourcing its
WINDHOEK - Namdeb, together with the Oranjemund Town Council (OTC), held a title deed signing ceremony to mark the sale of the first ever private properties transfers in Oranjemund yesterday. This historic
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WINDHOEK – Due to Namibia’s geographic location, stable political and social environment, good infrastructure and a free investment environment, the country enjoys exceptional advantages in China’s
WINDHOEK - Star Alliance, the world’s largest airline alliance, and NEC Corporation, a global leader in IT, network and biometric technologies, on Friday signed a partnership agreement to develop a biometric data-
WINDHOEK - For the past three weeks, the 2019 Bank Windhoek Cancer Apple Project has been distributing apples countrywide. Themed More than an apple. It’s a fruit of hope, the selling of apples will conclude this
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WINDHOEK - FNB Namibia recently awarded northern estate agents at the first ever estate agent gala dinner held in Oshakati. Tomas Iindji, Area Business Manager of FNB Far North, thanked the northern real estate
WINDHOEK – TransNamib has grown freight revenue by more than eight percent since it closed all its road transportation services to focus on its core business of rail transport, which is in line with its new focus and slogan “Rail it!”.
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ORANJEMUND – FlyWestair, the new Namibian airline that has been commercially operating for three months, on Wednesday undertook its inaugural flight to its new destination of Oranjemund.
WINDHOEK – Although various retailers throughout the country have already been charging customers extra for plastic bags, the Ministry of Finance this week confirmed that the money collected by shops is not yet part
WINDHOEK - The country’s national power utility, NamPower, this week revealed that it will construct four renewable energy power plants over the next five years at an estimated cost of N$4.7 billion. The revelation was made on Wednesday by NamPower’s Managing Director, Kahenge Haulofu, during the launch of the
As the effects of climate change continue to emerge as a business reality, the Namibian banking sector plays a vital role in accelerating the local market’s transition to a lower-carbon energy future.
WINDHOEK - The Namibian Competition Commission (NaCC) yesterday confirmed that it has concluded settlement agreements with Santam Namibia Ltd and Hollard Insurance Company of Namibia Ltd with
WINDHOEK - The City of Windhoek generates anywhere from N$40 000 to more than N$45 000 per day from its bus services which translates into monthly revenue of between N$886 400 to over N$1 million. This
WINDHOEK – MYDAWA, a technology-based service in Kenya, has become the first online pharmacy in Africa and part of the top four percent globally to earn the LegitScript certification that verifies internet
WINDHOEK - Air Namibia yesterday confirmed that one of its Airbus A319 aircraft, which was undergoing heavy scheduled maintenance checks, will resume operating as of Monday, July 29, 2019. This latest
WINDHOEK – The case for major reforms on economic issues such as the size of the public sector, the civil service wage bill, support to loss-making public enterprises, and the questionable viability of capital
WINDHOEK – The Zambezi Region has been allocated N$310.6 million for its Development Budget for 2019/20. As announced by Finance Minister Calle Schlettwein during his budget speech, the overall
WINDHOEK – Bank Windhoek, in partnership with the Namibia University of Science and Technology (Nust) and B360 Education Partnerships, offered a leg up to unemployed university graduates by
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WINDHOEK - Africa Institutional Management Services (Aims) on Friday, July 19, received their Approved Training Organisations certificate (ATO) enabling them to give training in the aviation sector. The certificate
WINDHOEK - A record number of international passengers are traveling through Addis Ababa Bole
WINDHOEK – In a half-year production report released last week, De Beers revealed that its rough diamond production decreased by 14 percent to 7.7 million carats driven by reductions in Botswana (Debswana) and South Africa (DBCM).
WINDHOEK - Bank Windhoek opened its revamped specialist foreign exchange (forex) branch situated in Independence Avenue on Tuesday in Windhoek. The newly renovated branch, which includes Bank Windhoek’s new look and feel, offers forex customers a pleasant banking experience in line with the bank’s new brand identity.
WINDHOEK – Finance Minister Calle Schlettwein has called on Namibia’s lawmakers to consider passing the Financial Institutions and Markets (FIM) Bill without delay.
WINDHOEK - Bank Windhoek has appointed Bronwyn Moody as its new Head of Corporate Social Investments (CSI), Sponsorship and Events, effective Thursday, August 1, 2019.
WINDHOEK - NamPower has confirmed that a 315 MVA, 400/220/22kV transformer is being transported via road from Johannesburg to the Gerus substation near Otjiwarongo. The transformer was transported
Living costs are constantly rising and consumers are constantly assessing their decisions with the aim to get the best possible value out of every cent they spend. Television entertainment is one of the areas,
WINDHOEK – According to Windhoek Mayor Muesee Kazapua, any business that understands the importance of bringing services to where people reside is a good business.
WINDHOEK - Mobile Telecommunications Limited (MTC) has expressed satisfaction with the first foundation workshop on the Information Technology Infrastructure Library (ITIL) 4 hosted by Headway Consulting during
WINDHOEK – A labour dispute is brewing between Standard Bank Namibia and the Bank Workers Union of Namibia (Bawon) regarding salary negotiations for 2019. The dispute emanates from salary negotiations
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WINDHOEK – The Otjozondjupa Region has received just over N$575 million for its development budget for the 2019/20 financial year. As tabled by Finance Minister Calle Schlettwein in his budget speech in
WINDHOEK – Last week, Deputy Minister of Works and Transport Sankwasa James Sankwasa, commissioned a new Tamping machine for TransNamib. The machine, which is a 08-16 Split Head Mod
WINDHOEK - The City of Windhoek has for the first time approved an Affordable Housing Concept where it intends to build houses, most of which will be below N$1 million. This was confirmed at a media briefing last
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WINDHOEK – While applauding those public entities that have implemented internal procurement committees, as required by the Procurement Act, Prime Minister Saara Kuugongelwa-Amadhila yesterday
WINDHOEK - The FNB Rental Index, which tracks advertised rental prices across the country, recorded a slower contraction of 3.0 percent year-on-year at the end of May 2019. This contraction, the slowest recorded
WINDHOEK - Sanlam officially opened their brand-new fully-fledged office in Katutura, Windhoek, on Friday. Speaking at the opening of the new office, Sanlam Group CEO Tertius Stears said the opening of the Sanlam
The Namibia Statistics Agency is about to undertake one of the most important and significant aspects of the upcoming 2021 Population and Housing Census pre-enumeration activities. This process is called
WINDHOEK – Standard Bank Namibia has been recognised in a series of award wins at the Euromoney Awards 2019 for Excellence and took top spot as Namibia’s Best Bank.
WINDHOEK – The United States of America has unveiled an initiative called ‘Prosper Africa’ through which it aims to substantially increase two-way trade and investment with Africa. This ambitious initiative,
WINDHOEK - Namibia’s three-year old cutting-edge diamond marketing and sales company, Namib Desert Diamonds (PTY) Ltd (Namdia) and the country’s member-based mobilising force, Team Namibia, signed a Memorandum of Understanding (MoU) to commence with Namdia’s membership of Team Namibia and strategic partnership on 1 July 2019.
WINDHOEK – The annual inflation rate for June 2019 declined from 4.0 percent in June 2018 to 3.9 percent, while on a monthly basis it increased to 0.1 percent from -0.1 percent.
WINDHOEK – At the conclusion of the sixth ordinary meeting of the African Diamond Producers Association (ADPA) Council of Ministers that was held in Windhoek this week, Minister of Mines and Energy Tom
WINDHOEK – The Development Bank of Namibia (DBN) has announced that it will conduct visits to Kavango East, Kavango West and Zambezi, from 15 to 18 July 2019. The Bank recently opened an office in Rundu in
WINDHOEK - FlyWestair, Westair Aviation’s new scheduled passenger airline, has confirmed a new route between Windhoek’s Eros Airport and Ondangwa four times per week. The flights, which are scheduled for
WINDHOEK – The Namibia Food and Allied Workers Union (Nafau) is accusing Shoprite Group Namibia
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WINDHOEK – With 54 out of 55 African Union member states having signed the Africa Continental Free Trade Agreement (AfCFTA), the continent is on the verge of becoming the world’s largest free trade area
WINDHOEK – Nedbank’s Personal Loans Team is conducting a nationwide Financial Education Roadshow, targeted at Namibians working in both the private and public sectors. The financial education programme,
When thinking of moving packages, people, mail and goods, we automatically think of modes of transportation. Whether it is large ships, airplanes, trucks, trains, motors and mopeds, there are many
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WINDHOEK – Africa has the opportunity and potential to capitalise on its diamond resources if exploited in a responsible and sustainable manner. This message was delivered yesterday in Windhoek by Minister of
WINDHOEK - Bank Windhoek will again support the Economic Association of Namibia (EAN) with the maintenance and development of its institutional capacity to effectively manage its current and future projects.
WINDHOEK - The Association of Estate Agents of Namibia (AEAN) will host Namibia’s first ever Bank Windhoek Property Expo on Friday, 26 and Saturday, 27 July 2019.
WINDHOEK – The Oshikoto Region has been allocated N$224.1 million for its development budget for the 2019/2020 financial year. For the remainder of the Medium-Term Expenditure Framework (MTEF) this
WINDHOEK - The 2019 Smart Cities Africa Summit themed: “Co-creating smart cities in Africa – beyond the rhetoric,” took place in Johannesburg last week.
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WINDHOEK – Air Namibia has rubbished allegations that it will no longer service its only intercontinental route, saying that, despite some media reports, that there has been no decision to suspend or terminate its
JOHANNESBURG - South African President Cyril Ramaphosa backed Chinese technology giant Huawei on Friday at the 4IRSA digital economy summit in Johannesburg, where he outlined his government’s strategy to
WINDHOEK – Last year’s Economist Businesswoman of the Year award winner Hilja Amvula, who is the co-founder of a pig and poultry business, says the award was the fuel needed to boost the agricultural
WINDHOEK – A wholly owned Namibian firm private equity Eos Capital through its Allegrow Fund is set to acquire various stakes in the Eco Group of companies that are majority owned by successful local
WINDHOEK – Chief Economist at Capricorn Asset Management Floris Bergh said the South African
The mounting debt relating to South Africa’s state-owned entities is reflective of a wider problem in sub-Saharan Africa. Government borrowing in the region is spiralling out of control – and the public is being
JOHANNESBURG - Africa’s rising debt levels pose a significant threat to development. Statistics show
WINDHOEK – When Minister of Finance Calle Schlettwein tabled the national budget in March this year, he allocated just over N$300 million to the Oshana Region’s development budget for the 2019/20 financial year.
WINDHOEK – Bank Windhoek has announced its new fee structure, effected this week Monday, 1st of July. The bank announced that it has not increased its account management fees for transaction and all current
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WINDHOEK - The Roads Authority (RA) last week inaugurated its head office in Windhoek, which cost the Road Fund Administration (RFA) N$286 million.
Windhoek – The Bank of Namibia, Payment Association of Namibia and Namclear last week announced the discontinuation of cheques as a payment instrument within the national payment system.
WINDHOEK – The High Level Panel on the Economy that is tasked to attract investments worth N$15 billion over the next two years will this week submit its first recommendations to President Hage Geingob ahead of this month’s Economic Growth Summit.
WINDHOEK – Standard Bank is offering motorists who shop at Maerua Mall in Windhoek a quicker and more convenient way to pay for parking using Standard Bank’s PayPulse application, effective from Friday 28 June 2019.
WINDHOEK – FirstRand Namibia Chief Executive Officer Sarel van Zyl has assumed the chairmanship of the Bankers Association of Namibia (BAN), taking over from Standard Bank’s Vetumbuavi Mungunda. Van Zyl
WINDHOEK – Sanlam recently officially opened their brand new fully-fledged office in Katima Mulilo. The new office was opened as part of the company’s strategic focus of ‘Client First’, which sees the company putting their clients first in all aspects.
WINDHOEK – The 20th Northern Economist Businesswomen Conference was launched last week Thursday in Windhoek by Sara Elago, Patron and Namibian Businesswoman of the Year 1999. The
WINDHOEK - FNB is adamant that it continues to provide the best value to its customers through reduced banking fees and improved potential to earn rewards.
Windhoek – Air Namibia has confirmed that it will restore the frequencies of some of the flights that were suspended in early June. The restoration of these frequencies is effective from July 1. This development
WINDHOEK – The Bank of Namibia’s (BoN) latest Quarterly Bulletin has confirmed that activity in the domestic economy slowed during the first quarter of 2019, compared to the corresponding quarter in the previous year.
WINDHOEK – Non-bank financial institutions (NBFIs) continue to grow their asset base, despite domestic recessionary economic conditions. This was revealed in the annual report of the Namibia Financial
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WINDHOEK – The road has been cleared for China National Uranium Corporation (CNUC) to acquire the entire issued share capital of Rio Tinto Overseas Holding Limited (RTNH), after which CNUC will gain
WINDHOEK – The Development Bank of Namibia (DBN) has reported sound financial results for the year
WINDHOEK - The Namibian Competition Commission (NaCC) has fined PG Glass Namibia just over N$1.4
WINDHOEK - Keeping up with the latest global cybersecurity developments is vital not only for corporations
WINDHOEK – Ministry of Fisheries and Marine Resources last week held a consultative workshop on Namibia’s Sustainable Blue Economy Policy development that took place in Windhoek. The same exercise
WINDHOEK - At the recent Oshipe Annual Trade Fair fund raising gala dinner, FNB Namibia pledged its support with an amount of N$40 000.
WINDHOEK – Namibia and Germany on Monday signed an Inter-Governmental Bi-lateral Agreement. The agreement, signed by Minister of Finance Calle Schlettwein, and outgoing German ambassador to Namibia
Citizens of all countries have an obligation, by regulation, to contribute to and invest in the development of their country by paying taxes. Taxes are utilised for the development of infrastructure, provision of health and
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WINDHOEK – The Omusati Region has been allocated a development budget of N$260.3 million for the
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WINDHOEK – Namibian Ambassador to China Elia Kaiyamo yesterday welcomed the first batch of Namibian beef to China, which is the largest consumer market in the world. Kaiyamo welcomed the consignment of
WINDHOEK - Dr Licky Richard Erastus has been appointed MTC’s new Acting CEO. Dr Erastus takes over from Thinus Smit who served in the acting role for the past two and a half years. Dr Erastus currently holds the position of Chief Technical Officer at MTC.
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WINDHOEK – The 37MW Hardap Solar Photovoltaic (PV) Plant, which was commissioned outside
WINDHOEK - After hosting a successful Career Development Workshop earlier this year, Bank Windhoek has again partnered with the Namibia University of Science and Technology (Nust) and B360 Education
WINDHOEK - The Ministry of Mines and Energy (MME) contracted Namibia University of Science and Technology (Nust), through its Department of Mining and Processing Engineering (DMPE), to develop a
WINDHOEK – The domestic economy’s performance remained suppressed in the first quarter of 2019, recording a contraction of two percent compared to the decline of 0.5 percent recorded in the
WINDHOEK - The Public Relations Institute of Southern Africa’s (Prisa) Namibian chapter elected a new Executive Committee on Tuesday, at its first Annual General Meeting hosted at the Namibia University of
WINDHOEK - Embury Institute of Higher Education and Southern Business School of Namibia, are scheduled to host an Open Day on Saturday from 10h00 to 13h00. The two distance learning institutions
WINDHOEK – Debmarine Namibia yesterday confirmed financing for its brand-new N$7 billion (US$468 million) state-of-the-art mining vessel being built in Romania. While Debmarine Namibia will cover N$1.4
WINDHOEK – The date for the 2019 Namibia Economic Summit, as announced by President Hage Geingob during the last state of the nation address, has been confirmed to will take place on July 31 and August 1,
WINDHOEK - The northern preliminary round of the Nedbank National Kapana Cook-Off took place on
Research shows that there are a lot of reasons why Emerging Small and Medium Enterprises (ESME) fail.
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WINDHOEK – FNB sponsored N$80 000 towards the 12th Eenhana Expo, which will take place from July 29 to August 3. “Partnerships such as these are vital to establishing FNB as the most comprehensive end-to-end
WALVIS BAY – A consignment of 10 720 metric tons that will be used for the construction of the Mohembo
WINDHOEK - The Environmental Investment Fund (EIF) of Namibia has made more than N$1.9 million available to the Nyae Nyae Conservancy to help manage fire and water within the conservancy, thereby
WINDHOEK - Eqstra Fleet Services Namibia (Pty) Limited (EFS) have been rebranded as Omatemba Fleet Services (Pty) Ltd with effect from May 30, 2019. The word Omatemba, in both the Oshiwambo and Otjiherero languages, means a fleet of wagons.
WINDHOEK – The Ohangwena Region was allocated a total of N$268.2 million for its 2019/20
WINDHOEK - The Government Institutions Pension Fund (GIPF) has confirmed the recent appointment of Selby Sibeya, as the new Chief Executive Officer of Kuleni Fund Administrators (Pty) Ltd, a wholly owned
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WINDHOEK – The latest figures from the Namibia Statistics Agency (NSA) show that, based on the May 2019
WINDHOEK - The Namibia Statistics Agency’s first Quarter Trade Statistics indicates that the first quarter of 2019 recorded a trade deficit amounting to N$2.950 billion as compared to N$9.293 billion witnessed
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WINDHOEK - Industrialisation remains a main focus area for the Southern African Development Community (SADC) and through industrialisation the region aims to attain accelerated and sustainable
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WINDHOEK – The Ministry of Agriculture, Water and Forestry estimates that the approximate value of 75 000 tonnes of timber exported from Namibia during the first two months of 2019 is close to N$94 million.
WINDHOEK - Eqstra Fleet Services Namibia (Pty) Limited (EFS) have been rebranded as Omatemba Fleet Services Pty Ltd, with effect from 30 May 2019. The word Omatemba, in both the Oshiwambo and
WINDHOEk - The Wärtsilä Modular Block power plant solution is a pre-fabricated, modularly configured
WINDHOEK - The two-day Hospitality Association of Namibia (HAN) Tourism Congress and Tourism Awards Gala, which will take place on June 20 and 21, has received a major boost from Standard Bank,
WINDHOEK - Namibia Plastics (NP) has become the first plastic manufacturer in the country recognised as a leading industrialist on the global front. NP was last week accredited with a global British Retail
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WINDHOEK - Nedbank Namibia recently awarded bursaries amounting to N$400 000 to 13 students, through the bank’s newly established bursary programme.
WINDHOEK - The Bankers Association of Namibia (BAN) is warning the public of the latest scam whereby fraudsters use a new technique to scam clients out of their money. “In the scam fraudsters call clients
WINDHOEK - Eos Capital, a leading Namibian private equity firm, has confirmed that it will acquire the majority
WINDHOEK – The Namibia Airports Company (NAC) has not renewed a Ground Handling Agreement with
Many organisations spend a lot of time and effort building and developing robust risk mitigation frameworks and strategies to handle business-specific risks. In spite of constant monitoring through
WINDHOEK - A quick search for the definition of the word tourism provides you with the following - the commercial organisation and operation of holidays and visits to places of interest.
WINDHOEK – Namibia Wildlife Resorts (NWR) Board of directors have all been re-appointed for another three-year term by the Minister of Environment and Tourism (MET), Pohamba Shifeta.
WINDHOEK – Minister of Finance Calle Schlettwein is in Malabo in the Republic of Equatorial Guinea to attend the 2019 and the 54th Annual Meeting of the African Development Bank Group, as well as the 45th
WINDHOEK – Ticket sales open today (for the first FlyWestair passenger flights to Oranjemund with the flight for the newest entrant into Namibia’s passenger air travel scheduled for Monday, June 24, 2019.
WINDHOEK – The Kunene Region in the far northwest corner of the country has been allocated just over N$400 million in terms of the Development Budget for the 2019/20 financial year. The total budget for the
WINDHOEK – The age-old adage ‘time is money and money is time’ relates more often than not to the business community. It is in this regard that the Namibia Chamber of Commerce and Industry (NCCI) has
In the year 2021, Namibia will be conducting a Population and Housing Census, which is commonly known as the exercise which counts people. However, there is much more to a census than only counting people.
State-owned enterprises (SOE) fulfil significant social and economic roles. This is why members of the
WINDHOEK – Chinese Ambassador to Namibia, Zhang Yiming, has urged Namibian companies to capture the ‘golden chance’ provided by the first China-Africa Economic and Trade Expo to be held in Changsha, the
WINDHOEK - Minister of Works and Transport John Mutorwa earlier this week visited the Walvis Bay Corridor Group (WBCG) head office in Windhoek to better acquaint himself with the company’s activities.
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