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 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 – 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.
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.
WINDHOEK – Old Mutual on Tuesday handed over computer equipment valued at N$300 000 towards the Ministry of Home Affairs and Immigration’s e-death notification Initiative. The handover took place at the Old Continental Hotel in Independence Avenue in Windhoek.
WINDHOEK – Suspended Choppies CEO, Ramachandran (Ram) Ottapathu has hit out at the company for criticising him in Stock Exchange News Services (Sens) announcements in Botswana and South Africa.
The political ties between Namibia and South Africa dates back to many years ago since Namibia was under that country’s colonial regime. With just nearly eight months left before Namibia celebrates her 30th
WINDHOEK – The development of a shopping centre at Elisenheim Village Estate is expected to create more than 300 jobs over the next 10 months and more than 200 permanent employment opportunities
WINDHOEK - The Government Institutions Pension Fund (GIPF) hosted the second regional stakeholders’
WINDHOEK - Valco Pipes is in the process of being acquired by Heat Exchange Products, a company founded by Henning Mercker and recently majority-owned by local private equity firm Eos Capital. The
WINDHOEK – The Khomas Region, which is the seat of central government and where the capital city is situated, has been allocated N$2.437 billion for its developmental needs during the 2019/2020 financial year.
WINDHOEK – Unleaded fuel and diesel will increase by 30 cents per litre as of this Wednesday, June 5.
WINDHOEK – A group of 16 disgruntled Traditional Authorities (TAs) has warned government that the continued sale of land to foreign nationals at the expense of those who lost their ancestral land might spark civil unrest.
We live in times where fraudsters look like neighbours and sound like friends. When it comes to private- and payment card information, make sure you understand how social engineering can be used to compromise your financial security.
Karibib Constituency Councillor, Melania Ndjago, is adamant that Namibia must introduce a clear and concise law such as the Electronic Communications and Transactions Act in line with the South African Act, noting that externalisation of money is a criminal act.
The Kavango West Region has been allocated N$257 245 000 in the 2019/20 financial year for its development budget. For the remainder of the Medium-Term Expenditure Framework (MTEF), the development budget for this region increases to N$331 992 000 in 2020/21 before reducing marginally to N$327 849 000 for the 2021/22 financial year.
Late last week, the Minister of Finance, Calle Schlettwein, issued an economy-wide procurement directive on the reservation of procurement of goods, services and works to local suppliers in terms of Section 73 of the Public Procurement Act.
As the Namibian construction sector continues to find itself between a rock and a hard place, the Construction Industries Federation of Namibia (CIF) continues to advocate and engage with senior officials and government ministers to maintain efforts of raising awareness of the need to support the local construction sector.
Seated (from left) Fortune Chasi, Minister of Energy and Power Development, (Zimbabwe) and Mathews Nkhuwa, Minister of Energy (Zambia) signing while (standing) Tom Alweendo, Minister of Mines and Energy (Namibia), Alfeus !Naruseb, Minister of Water (Namibia) and Dr Tembinkosi Mhlongo, Deputy Executive Secretary for Regional Integration were among the witnesses. Photo: Contributed
WINDHOEK - Nedbank Namibia in partnership with the Lionesses of Africa Organisation held the second Lioness Lean In
WINDHOEK – The Stanford Seed Programme which is a high-touch learning experience aimed at empowering established business leaders, has commenced with recruitment for the Southern African region. The Southern African leg of the
WINDHOEK - The current financial and economic situation has forced many households and businesses to tighten their budgets in order to avoid going into or to effectively manage debt, but this generally can have a negative effect of slowing
WINDHOEK - “One of the most productive meetings I have participated in for ages,” said Robby Amadhila. “Not a talk shop, but a gathering of high-level representation from government, the central bank, commercial banks and NCCI
WINDHOEK – The Namibia Chamber of Commerce and Industry (NCCI) is appealing that the government urgently
WINDHOEK - Mobile Telecommunications Limited (MTC) has urged the public to refrain from entering base transmitter stations and to stop vandalising the network sites.
WINDHOEK - Nedbank Namibia will introduce Pepper, a humanoid robot, to learners at the Nedbank Career Expo which started Wednesday at the Windhoek Country Club and will end on Friday, 24 May 2019. Pepper is visiting Windhoek while taking a few days leave from his fulltime job as a client experience ambassador at Nedbank’s digital branch called the NZone in Sandton, Johannesburg.
WINDHOEK – Chinese telecommunications giant, Huawei, yesterday pledged to continue building a safe and sustainable software ecosystem to provide the best experience for all users globally.
WINDHOEK – The recent election of Cyril Ramaphosa as South African president augur’s well for investors, provided the newly elected leader sticks to his promises to stamp out escalating corruption, turn around ailing state-owned enterprises and
There comes a time in any entrepreneur’s lifecycle when situations get tough. With the current persisting drought, combined with a challenging economic environment, entrepreneurs might find themselves faced with cash flow difficulties. As a result, this can negatively affect payments to creditors.
WINDHOEK - Damen Shipyards Group and Debmarine Namibia recently participated in a special steel-cutting ceremony to mark the beginning of the construction of a new offshore vessel.
WINDHOEK – The Kavango East Region has been allocated N$226 774 000 for its development budget for the 2019/20 financial year. For the remainder of the Medium-Term Expenditure Framework the development budget for the region reduces to N$216 687 000 in 2020/21 and then reduces further to N$190 702 000 for the 2021/22 financial year.
WINDHOEK – One of the global leaders in aeronautics and space-related services, Airbus, last week held its annual African airlines business lab symposium in Zanzibar, bringing together airline industry experts and managers from carriers across the region, to position their businesses to take advantage of the rapidly expanding African market.
WINDHOEK - Without sufficient and affordable supply of electricity, crucial economic contributors, such as the mining sector, will not be able to operate optimally. For instance, of the more than 4 000 gigawatt hours (GWh) the country consumed in 2018, a significant portion, or just over 1 400 GWh, was consumed by the mining sector.
WINDHOEK - FNB Namibia has introduced an additional safety measurement, called Online Secure, which requires customers to enter a One Time Pin (OTP) as confirmation that an online transaction is valid and verified by the card holder.
WINDHOEK - After awarding a tender for the construction of a new fire station, the Mariental Municipality is reviewing the allocation following an objection by another company that submitted a bid which was lower by close to N$90 000.
WINDHOEK – The Capricorn Group hosted an Investor Relations and Integrated Reporting workshop yesterday, in partnership with Greymatter & Finch.
WINDHOEK – Namibia has yet to sign up to the African Union’s Single Africa Air Transport Market (SAATM) project, after 28 countries on the continent have already signed up. According to the International Air Transport Association (IATA), a single air transport market for the continent, if implemented, gives Africa the potential for economic transformation and the association has urged the remaining 27 countries to follow suit.
Media undeniably depend on technology, but technology is one segment of media and Namibia is slowly and surely embracing digital media compare to the past 15 years. This is technological development, one of the driving forces of economy and plays a weighty role in the communication for development.
WINDHOEK - Huawei Namibia yesterday rewarded the five top performing information technology students at the Namibia University of Science and Technology (Nust). The five students, Thomas Shigwedha, Carlos Sibalatani, Hainana Oletu, Jackson Vatileni and Pelema Abraham each received a 4G router and a custom diary from Huawei.
WINDHOEK – African airlines continue to struggle to turn a profit and as such airlines on the continent on average lose US$1.55 (almost N$22) for every passenger carried. This is in stark contrast to the rest of the global airline industry that has recorded an average profit per passenger of US$7.45 (about N$105) showing that air transport can indeed yield a return greater than cost of capital.
WINDHOEK – The Hardap Region had been allocated N$284.7 million for the development budget during the 2019/2020 financial year. As tabled in the national budget by Minister of Finance Calle Schlettwein, in March this year, the Hardap Region’s development budget is expected to decrease slightly to just under N$260 million in the 2020/21 financial year, before rebounding to more than N$282.3 million in the 2021/22 financial year.
WINDHOEK – Airbus, a global leader in aeronautics, space and related services, is making its debut at the annual Nampo Harvest Day annual four-day trade fair in Bothaville this week, highlighting its latest helicopter and satellite data geo-intelligence solutions for the development of productive and sustainable farming and other agricultural practices.
WINDHOEK – Residential property prices continued to contract during the first quarter of 2019, like they have done since 2018. This is according to the latest FNB House Price Index which recorded a contraction of one percent at the end of March 2019, compared to a contraction of 0.3 percent over the same period last year. Overall, the property market remains lacklustre, as the price index continues to hover in a negative territory.
WINDHOEK - Star Alliance has officially completed the refurbishment of its lounge at Paris Charles de Gaulle (CDG) Airport. The 980-square-metre facility offers seating for more than 220 guests and features stylish elements inspired by Parisian design and architecture.
WINDHOEK - Sanlam staff, through their Mother’s Day campaign, recently donated items to expecting mothers and newborn babies at the Katutura Maternity Ward. The campaign termed ‘From One Mother to the Next’
WINDHOEK - The Namibian unemployment rate has been on the rise in recent years. Based on the Labour Survey Report of 2018, the unemployment rate stood at 33.4 percent in 2018, while the youth unemployment rate for persons aged between 19 and 34 stands at 44 percent.
WINDHOEK – The local mining sector has the potential to contribute more to the country’s socio-economic development if government can address all policy and regulatory
Mobile Money is described as mobile payments system based on accounts held by a mobile operator and is accessible from subscribers of mobile phones. Cash is converted into electronic value and vice versa and this mainly happens at
Standard Bank Namibia is excited to collaborate with our clients in the vibrant uranium sector. Over the medium to long term, the uranium sector in Namibia is expected to not only contribute towards the country achieving its socio-economic
WINDHOEK – It is unrealistic for investors in the mining sector to expect no change in policy or legislation during the duration of their investment, as some of these sectoral investments can be as long as 30 years.
WINDHOEK – The Council of Architects and Quantity Surveyors as well as the Namibia Institute of Architects have wholeheartedly welcomed the recent graduation of the first two Master of Architecture degree holders at the Namibia University of Science and Technology (Nust).
WINDHOEK - One thing that cannot be ignored is the impact that social media has on an individual’s travel decisions.
WINDHOEK - The FirstRand Namibia Foundation Trust has handed over an amount of N$40 000 towards the Adonai Trust in Lüderitz. Rolandi Meyer, FNB Namibia’s Lüderitz Branch Administrator expressed her delight with the donation to be used towards financial literacy training for offenders from the Lüderitz and Keetmanshoop correctional services.
WINDHOEK – Minister of Mines and Energy, Tom Alweendo, yesterday revealed that some foreign investors in the mining industry view the issue of local mine ownership as an irritant or as something that can be wished away. However, Alweendo cautioned that this is a fallacy and a mistaken view.
In previous columns I have written about the Fourth Industrial Revolution and I will continue to do so, as I believe it provides the solution to uplift Namibia and Africa as a continent. We can fully embrace new technology, innovations, cloud
WINDHOEK - ISACA, previously known as the Information Systems Audit and Control Association, has selected the managing director of Headway Consulting, Jan Coetzee, as their new president. At the recent Annual General Meeting (AGM) held in Windhoek, Coetzee was chosen to lead the Windhoek Chapter of this leading-edge global association.
WINDHOEK - FNB Namibia has confirmed that UnionPay cards are now accepted at all FNB Point of Sale terminals nationwide. UnionPay, also known as China UnionPay or by its abbreviation, CUP, is a Chinese financial services corporation headquartered in Shanghai, China, that provides bank card services and a card scheme in mainland China.
People often joke about their own funeral and how they envision it to be. Some make extremely quirky requests they insist that their family members respect on the day they’re buried.
WINDHOEK - FNB Namibia, through the FirstRand Namibia Foundation Trust, last week donated N$1 million to the Dare to Care fund, which alleviates the plight of drought-stricken farmers.
WINDHOEK – Rössing Uranium Mine increased its production with 17 percent in 2018 as it produced 2 479 tonnes of drummed uranium oxide compared with 2017’s production of 2 110 tonnes. However, the total mined tonnes were 24 percent below production targets following a mining slowdown to curtail the impact of water supply interruptions.
WINDHOEK – The Bank of Namibia (BoN) continues to clamp down on dubious financial schemes operating in the country which, more often than not, prey on vulnerable Namibians during tough economic times.
WINDHOEK – The total Development Budget for the Erongo Region for the 2019/20 financial year, as tabled by Finance Minister Calle Schlettwein in March, stands at N$1.268 billion. Thereafter, during the remainder of the Medium-Term
WINDHOEK - Emerging managers are pivotal contributors to organisational performance and a vital link between frontline employees and the executive team in organisations as they are the backbone that sense and respond to various industry forces and drivers of a business to secure optimum performance.
WINDHOEK – Following an application from the national power utility, NamPower, the Electricity Control Board (ECB) approved a 2.5 percent tariff decrease, translating into an effective bulk tariff decrease from N$1.69 to N$ 1.65 per kilowatt-hour. However, the ECB has projected that consumer tariffs should remain at current levels based on inflationary impact as well as adjustments to distribution costs.
WINDHOEK – The Frans Indongo Group officially launched its new Indongo Ford dealership at Oshakati recently. The dealership, which is the newest member of the Frans Indongo Group, opened its doors in Oshakati in 2018 to offer convenient service to people in the north.
Lüderitz – Seaflower Whitefish Factory on Friday launched it re-engineering project at Lüderitz, valued at N$57 million. The project is part of the commitment by National Fishing Corporation of Namibia (Fishcor), Seaflower Whitefish Factory’s state-owned parent company, to its strategic plan ending in 2021.
SWAKOPMUND – Mines and Energy Minister Tom Alweendo says the discoveries of major oil reserves in Southern Africa will be of importance to Namibia, a country battling a volatile and challenging business environment, characterised by a slowdown in the economy.
WALVIS BAY – Botswana President Mokgweetsi Masisi has described Namibia’s granting of dry ports to landlocked countries as an impressive move.
WINDHOEK - Last week Stanlib hosted their annual Asset Management Roadshow and presented invited guests and members of the media with various views and insights covering the political, economic and investment landscapes in Namibia and neighbour South Africa.
Recent statistics from NapoleonCat indicate that they were 579 300 Facebook users of which 220 000 were aged between 25 to 34 while they were 193 500 Instagram users of which 71 000 were aged between 18 to 24 as of March 2019 in Namibia.
WINDHOEK – The Government Institutions Pension Fund (GIPF) has confirmed the recent appointment of Desmond Nikanor as its Strategy and Projects Manager. Nikanor’s appointment is effective as of 01 April 2019.
WINDHOEK – As the Namibian economy struggles to crawl its way out of a prolonged recession, the Minister of Finance Calle Schlettwein, this week cautioned that the pace and scale of the economic recovery is predicated on the timeliness of pro-growth measures announced in the budget.
WINDHOEK - Enchanting tourist attractions, unique diplomatic stature and a thriving airliner have placed Ethiopia, Land of Origins, on top of the world when it comes to tourism growth. According to the World Travel & Tourism Council’s (WTTC)
WINDHOEK – Southern Business School of Namibia recently celebrated the success of their Diplomandi and Graduandi when they were conferred with their qualifications on April 05, 2019. With so many graduates, there were several days set
WINDHOEK - The FirstRand Namibia Foundation Trust recently handed over a total of 40 computers to the value of N$400 000 to the University of Namibia (Unam). These computers will aid the Business Math and Basic Micro and Macro students with e-tutorials and tests.
WINDHOEK – One of the successes achieved thus far by the Namibia Chamber of Commerce and Industry’s (NCCI’s) Private Sector One Voice initiative, which meets monthly to deliberate on topical matters affecting business, includes the
WINDHOEK - Bank Windhoek launched a new television campaign ‘Journeying Together’ last Thursday in Windhoek
WINDHOEK – Namibia’s logistics costs declined significantly by 11.4 percent to stand at 15.6 percent in relation to gross domestic product (GDP) in 2017 having peaked at 17.6 percent in 2016.
On Friday, April 12, the newly established Capricorn Group NeXtGen Board supported the Capricorn Group’s brand promise of being Connectors of Positive Change by sowing positively into the lives of young children at the Family of Hope School in Havana, Katutura.
WINDHOEK - Hollard Insurance Company has always valued its partners which is evident in the recent donation of N$440 000 to the Pupkewitz Foundation, which shares the same ideology in regard to investing back into the community through identifying issues that desperately need attention.
WINDHOEK- Deputy Prime Minister Netumbo Nandi-Ndaitwah says it’s time for Namibians to start thinking out of the box to grow the economy to levels that would make a difference to the socio-economic challenges.
WINDHOEK – With only two of Air Namibia’s seven executive positions being held by substantive officials, the struggling airline’s Board of Directors has appointed new interim leadership to steer the airline out of the financial and human resource turbulence engulfing it.
LÜDERITZ - Lüderitz Mayor and Chairperson of Crayfish Festival Board of Trustees, Hilaria Mukapuli, told New Era that the 12th Lüderitz Crayfish Festival will take place from the 25 April, 2019 until 30 May, 2019, at the Lüderitz Waterfront Harbour Square. The theme for this year’s festival is “Our Ocean Our Heritage”.
WINDHOEK - Standard Bank recently awarded bursaries to four students studying Cyber Security, Forensic Science and Actuarial Science at the Namibia University of Science and Technology, the University of Free State and Stellenbosch University as part of its annual Bursary Programme.
WINDHOEK - The business world has significantly changed since the internet went mainstream during the early 1990s. I can recall how challenging it was to access information about businesses before this period. At the same time, the past two decades have brought about significant changes within the digital landscape that have led to companies having to either adapt or fall behind.
WINDHOEK – The central bank has maintained the repo rate at 6.75%, in line with the expectations of economic gurus, although there are divergent views regarding the decision to leave the rate unchanged for almost two years while the country’s economy is teetering.
WINDHOEK – Fixed broadband subscriptions in Sub Saharan Africa are estimated to be 6.6 million. This market is expected to grow by up to three-fold by 2023 according to Ovum, a London based global technology research and advisory firm.
WINDHOEK - Jacky’s Bakery (trading as CakesForNamibia) was recently chosen as one of the recipients of an income generating grant from the Khomas Regional Council (Windhoek East Constituency).
WINDHOEK - Namutoni Primary School in Windhoek’s Katutura-East Constituency has entered a new phase in its existence as one of the leading institutions embracing and using Information Communication Technology (ICT) for teaching and learning activities.
WINDHOEK - The National Petroleum Corporation of Namibia (Namcor) recently handed over mattresses and educational items valued at N$319 000 to the Tsumkwe Primary and Secondary School, as well as the Tsumkwe community development and learning centre.
WINDHOEK – The Namibian Women’s Expo founder and host Frieda Nambwadja is calling upon corporate companies to support or partner up for the event that is scheduled for July 5 to 7 this year.
WINDHOEK - Benefit distributions in communal conservancies often comes in different forms, but mostly in cash. There has been criticism of this, and of the Namibian’s communal conservancies in general, but the Nyae Nyae Conservancy has benefitted significantly from the distribution of cash.
Financial literacy focuses on the knowledge and skills you need to make effective and informed money management decisions. Gaining the knowledge and developing the skills to become financially literate is a lifelong process that begins with something as simple as putting a few dollars in a piggy bank and evolves to more advanced subjects such as budgeting and risk.
WINDHOEK – The Payment Association of Namibia (PAN) has introduced a brand-new solution called NamPay that the association feels can present an incredible opportunity for the Namibia National Payment System (NPS) to be among the most technologically advanced on the continent.
WINDHOEK – The total development budget for the //Kharas Region for the 2019/20 financial year, as tabled by Finance Minister Calle Schlettwein, on March 27, stands at N$695 994 000. Thereafter, during the remainder of the Medium-Term Expenditure Framework the region’s development budget is expected to reduce to N$682 441 000 during 2020/21 and then to N$640 024 000 for 2021/22.
WINDHOEK - Team Namibia’s Team Talk event on Thursday last week, focusing on shaping the future with mental power,ue is very apt considering the stage Namibians find themselves in their personal and business lives. Team Namibia as an institution believes success can be achieved with optimism and a positive mindset.
WINDHOEK – The world’s largest aerospace company, Boeing, now faces the dauting task of convincing aviation regulators, airlines and the flying public that its planes are safe after its top brass admitted that a failure in the single-aisle 737 Max jet’s anti-stall system, MCAS, was a factor in last month’s Ethiopian Airlines crash.
WINDHOEK – The Trade Union Congress of Namibia (Tucna) has voiced its disappointment in the 2019/20 national budget, particularly the government wage bill. According to Tucna’s Secretary General, Mahongora Kavihuha: “The crux of our argument is that for the minister to pass a budget that is progressive, it must still focus on leading the economy out of its current stagnation through increased wages for employees of the civil service.”
WINDHOEK – The Namibian Competition Commission (NaCC) yesterday confirmed it has not yet received any application to approve the billion-dollar acquisition of a 100 percent stake in Schwenk Namibia (Pty) Ltd, which is a majority shareholder of Ohorongo Cement based near Otavi.
WINDHOEK - The Chamber of Mines in Namibia this week lauded the local mining sector as the best performing economic sector in 2018. This top performance was confirmed by the Preliminary National Accounts as released by the Namibia Statistics Agency, which indicated that the sector recorded a strong growth rate of 22 percent compared to 13.3 percent in 2017, which is more than any other economic sector.
WINDHOEK - The Dare to Care Fund shot up to N$4 million last week after a donation of N$385 000 by Old Mutual which means that 76 000 bags of fodder will be subsidised with N$50 per bag. A meeting was held last Friday where all retailers agreed about final rules for implementation. The target date for national implementation is next week Monday.
WINDHOEK – The Ministry of Industrialisation, Trade and SME Development has identified a tomato paste project that will directly benefit members of the Tsandi Constituency in the Omusati Region.
WINDHOEK – Shortly after the budget was tabled last week, Nedbank Namibia in partnership with Simonis Storm, hosted an in-depth review discussion of the National Budget.
WINDHOEK - The Ministry of Finance yesterday engaged healthcare service providers on issues pertaining to the Public Service Employees Medical Aid Scheme (Psemas), with Minister of Finance, Calle Schlettwein, telling the well-attended
WINDHOEK - In response to the Namibian government’s efforts to alleviate the housing shortage and reduce the housing backlog, Bank Windhoek has confirmed it will offer financing to potential buyers of PolyCare houses.
WINDHOEK – In a first for Opuwo, Mobile Telecommunications Limited (MTC) opened a brand-new shop to serve the town’s clientele, making it the 36th MTC store in the country.
WINDHOEK - Emulating a precedent set by previous Boards of the Namibia Chamber of Commerce and Industry (NCCI), the Chamber’s directors, under the presidency of Sven Thieme, has appointed Charity Mwiya as the substantive Chief Executive Officer. Mwiya will head the NCCI’s secretariat over the coming five years.
MANILA - High Commissioner of The Republic of Namibia to Malaysia and Ambassador to the Philippines Her Excellency Anne Namakau Mutelo, invited and welcomed the Philippines business community to come and invest in Namibia.
WINDHOEK – During the tabling of the national budget on Wednesday, Finance Minister Calle Schlettwein announced that the member’s contribution to the Public Service Medical Aid Scheme (Psemas), which has for long been static, will be
WINDHOEK - Scalable manufacturing and assembly operations can be a lucrative basis for investor success, says Development Bank of Namibia (DBN) CEO, Martin Inkumbi. As proof of this, he points to the commissioning of the Peugeot and Opel assembly plant in Walvis Bay.
WINDHOEK - Bank Windhoek in collaboration with Microsoft hosted 50 local entrepreneurs for a one-day seminar at the Windhoek Country Club Resort on Monday.
WINDHOEK - The Roads Authority (RA) says it remains committed to the empowerment and promotion of the participation of local contractors in all road construction projects.
During the beginning of the year I indicated that this year the Namibia Statistics Agency will be very busy. We are busy with our regular periodic data releases as well as major survey projects that are under way and planned already.
WINDHOEK – Standard Bank Namibia has confirmed that it has no plans to retrench staff or close down branches as is being done by Standard Bank South Africa, which is realigning its retail and business banking delivery model to the changing needs of customers amid rapid adoption of digital banking products and services.
WINDHOEK – Local Namibian ICT consultancy, Headway Consulting, has confirmed the launch of ITIL 4 (Information
WINDHOEK – Most economic analysts do not expect any major surprises from today’s tabling of the national budget by Finance Minister, Calle Schlettwein.
WINDHOEK – Against a backdrop of global and local economic hardships, the Ministry of Poverty Eradication and Social Welfare says it is crucial that strategic plans to eradicate poverty are designed in such a way that more is done with less.
WINDHOEK – Africa’s fastest growing airline, Ethiopian Airlines, has hit back at accusations by United States-based
WINDHOEK – As the Namibian economy gradually emerges from negative to positive growth this year, policy makers need to learn from the past to avoid being trapped in recreating the same mistakes and to avoid debt accumulation as well as falling further into a debt trap.
WINDHOEK- Air Namibia’s Cooperate Communication Manager, Paul Nakawa highlighted the significance of independence by reminding Namibians not to forget the difficulties and the barbaric treatment that characterised the road to freedom
WINDHOEK – Namibia has reaffirmed its commitment to the African, Caribbean and Pacific (ACP) and European Union (EU) partnership and says it will do all it can to honour and work toward the commitments embodied in the Cotonou Agreement and post-Cotonou when it expires in 2020. This was the message by Minister of Industrialisation, Trade and SME Development, Tjekero Tweya, when he spoke on Wednesday at the 37TH session of ACP-EU Joint Parliamentary Assembly that took place in the Bucharest, Romania.
WINDHOEK - Sugar King, from the Namib Mills stable, and Waka Moo, Namibia’s first-ever children’s educational puppet and animated television program,
WINDHOEK - Chairman of the Namibia Chamber of Commerce and Industry in Windhoek, Martin Kaali Shipanga said discussions and input on the way forward for the tourism sector needs to be prioritised. According to Shipanga, Namibians should change the conversation surrounding the current economic situation, from one of looking for handouts to rather identify opportunities.
WINDHOEK - The Construction Industries Federation of Namibia (CIF) remains adamant that more bona fide Namibian construction companies will benefit from procurement activities by the government.
WINDHOEK - The Motor Vehicle Accident (MVA) Fund plans to unveil a new business strategy which will be effective from April 2019 till March 2023.
WINDHOEK – The Kudu Gas to Power project, which has in the past been hailed as the answer to Namibia’s electricity woes, has seen a revival by BW Kudu Limited, who says recent technological advancements as well as a consistent market for reliable economic energy makes the electricity project viable.
WINDHOEK – Following serious allegations of interest rate discrimination by First National Bank in South Africa, the Bank of Namibia says it is not aware of any discriminatory rules applied on banking products by any local banking institution.
WINDHOEK – The University of Science and Technology (Nust) this week hosted its annual career fair under the theme ‘Catalysing youth empowerment for the Fourth Industrial Revolution’.
WINDHOEK - Hangala Group, a diversified holding company wholly-owned and controlled by Namibians, this week announced the establishment of a Trust to hold shares in the company for the benefit of the company’s employees.
WINDHOEK – Paratus, the only Namibian telecommunications service provider to be active internationally, plans to invest a further N$114 million in local infrastructure during 2019.
WINDHOEK - The Government Institutions Pension Fund (GIPF) has urged all annuitants such as pensioners, children and spouses that receive a monthly pension benefit from GIPF to visit their nearest GIPF office to register for Biometrics.
WINDHOEK - Minister of Industrialisation, Trade and SME Development Tjekero Tweya has cautioned that Namibians should do away with ancient and counter-productive practices that frustrates potential investors, inventors, innovators and anyone who has a brilliant idea that can make a positive difference in society and thereby catapult Namibia on a positive economic trajectory.
The envisioned rapid economic transformation in line with vision 2030 towards a nation where every citizen is equally catered for, and with no prejudice to any of the classes in the society can be advanced through continuous and consistent success in the growth of small business sector in the country.
WINDHOEK – The free Public Talk held at Bank of Namibia last Friday was a sell-out success. Blockchain Technology, Crypto Currency, FinTech and Cyber Security continue to be red-hot issues that are sure to draw a crowd and inspire a lively debate.
WINDHOEK - Three ladies have taken it upon themselves to teach children aged five to 19 years about coding. Namibia Optimist Investment cc (NOI), in collaboration with the Namibia Business Innovation Institute (NBII), has created a platform for young Namibians to grasp the basics of coding.
WINDHOEK - TransNamib has confirmed that it plans to sell off some of its non-core properties in order to support growth identified in its Integrated Business Strategic Plan (IBSP) for the next five years.
SWAKOPMUND - Minister of Finance, Calle Schlettwein says investment in road infrastructure requires significant resources hence sustainable funding models must be developed and prioritised to contain operations within the financial means at all times.
WINDHOEK – Singapore stock exchange listed International Cement Group (ICG) has expressed interest in acquiring a 100 percent stake in Schwenk Namibia (Pty) Ltd for US$104.4 million, which at the current exchange rate is slightly more than N$1.5 billion. Schwenk Namibia owns close to 70 percent of Ohorongo Cement and a 100 percent share of alternative fuel supplier, EFF.
WINDHOEK – The global airline industry is reeling in shock following the tragic accident in which the Boeing 737 800 Max from Africa’s biggest and most successful airline, Ethiopian Airlines, crashed shortly after take-off on Sunday morning.
WINDHOEK – Air Namibia says that during the recent weeks, it has been in direct engagement with Challenge Air, a now
WINDHOEK - Skorpion Zinc (SZ) this weekend confirmed that its mining contractor, Basil Read, has reported the return to work by its employees who had been on strike. Basil Read is a business partner that was contracted to execute the Pit 112 push back project as a life extension-mining project for SZ. Without this life extension project, SZ would have ended its operations in 2017.
WINDHOEK - Nedbank recently released its consolidated financial results for the year 2018, which shows that despite challenging economic and operating environment, the bank managed to grow positively with an increase in its overall financial position.
WINDHOEK - On 5 March 2019, Bank Windhoek was awarded the Green Bond Pioneer Award by Climate Bonds Initiative at the 4th Annual Green Bond Pioneer Awards (GBPA), announced before an international audience in London on the eve of the 2019 Climate Bonds Annual Conference.
WINDHOEK – It is estimated that 14 Independent Power Producers (IPPs) will in total invest approximately N$1.6 billion local and foreign direct investment into the electricity sector and ultimately into the Namibian economy. This is according to the Chairman of the Electricity Control Board (ECB), Gottlieb Hinda, who in the electricity regulator’s latest annual report noted that the 14 IPPs are expected to add 70MW to the national electricity grid.
WINDHOEK - Bank Windhoek has confirmed the appointment of Anton De Wit as its Senior Legal Collections Manager effective, 1 February 2019.
WINDHOEK – This week Monday saw the official launch of The Commonwealth Business Club, whose sole aim will be to assist in the development of new trading links between businesses across the 53 countries of the Commonwealth of Nations.
WINDHOEK - Speaking at the unveiling of 324 residential erven, five commercial and five institutional erven that will make up Orwetoveni Extension 12 in Otjiwarongo, Development Bank of Namibia (CEO) Martin Inkumbi highlighted often overlooked macro-economic benefits that support the case for acceleration of delivery of serviced land and affordable housing.
WINDHOEK – The Capricorn Group yesterday officially introduced its first NeXtGen Board at an unveiling event hosted at NICE Restaurant in Windhoek.
WINDHOEK - One of the best ways to reduce the national budget deficit as a percentage of GDP is to promote economic growth. This is according local economist, Mally Likukela, who notes that if the economy grows then the government will increase tax revenue without raising taxes.
WINDHOEK - Despite increasing oil prices creeping into the market as result of the Organisation of Petroleum Exporting Countries (Opec) cutting supply into the global market, the Ministry of Mines and Energy has decided to leave local fuel
WINDHOEK – Ohorongo Cement recently accepted two students from the Commercial Advancement Training Schemes (Cats) in support of government initiatives and to contribute to closing the skills shortage gap.
WINDHOEK – For the six months that ended on 31 December 2018, the Capricorn Investment Group Limited (Capricorn Group) increased it operating profit by 11.5 percent to N$674.3 million and group profit before tax increased by 8.5 percent to N$714.2 million. Also, the group delivered growth in headline earnings per share of 9.6 percent to 93.5 cents in the first half of this financial year as revealed in their interim results released on Friday, which follows fairly flat earnings over the last two years.
WINDHOEK - Vivo Energy plc has confirmed the completion of the transaction with Engen Holdings (Pty) Limited previously announced on 18 September 2018. The transaction adds operations in eight new countries and 230 Engen-branded service
WINDHOEK - “Despite many initiatives government has put in place, education especially at tertiary level is still not affordable for many of our students. It is a growing burden of government and on the parents, who want to see their children get the
WINDHOEK – Namibia’s annual growth in broad money supply (M2) increased at the end of January 2019. According to the latest Money and Statistics report by the Bank of Namibia (BoN), the 12-month growth in M2 increased to 7.6 percent at the end of January 2019, relative to 6.4 percent recorded at the end of December 2018.
WINDHOEK – With the date of the tabling of the national budget confirmed for Wednesday, 13 March, 2019, economists have pointed out the bloated wage bill, under-performing public enterprises, including a review of the public sector, and the budget deficit as some of the most crucial aspects that Finance Minister, Calle Schlettwein, needs to address.
WINDHOEK - This week, the Namibian Ports Authority (Namport) witnessed the first-ever offloading of Petroleum Coke (Petcoke) consignment. The 37 900 tonnes cargo, which is expected to take nine to 10 days for packing
WINDHOEK - The Government Institutions Pension Fund (GIPF) yesterday officially opened its branch in Eenhana, situated in Onawa complex, Tobias Harelbeke Street. The opening of the branch was necessitated by the outcry for more accessible services in the Ohangwena Region and it is aligned to the Fund’s overall corporate strategy.
WINDHOEK - FirstRand Namibia Limited has confirmed the appointment of Erwin Tjipuka as FNB Namibia’s new Chief Executive Officer, effective April 01, 2019, while current CEO, Sarel van Zyl, will continue to serve in his role as CEO of the FirstRand Namibia Group.
WINDHOEK - Namibia Wildlife Resorts (NWR) was yesterday presented with two Diamond Arrow awards as the leading organisation in tourism and conservation enhancement in Namibia as well as the leading tourism company in the country. The awards were received from PMR.africa.
LUDERITZ - The 12th edition of the Annual Lüderitz Crayfish Festival was launched at the Lüderitz Nest Hotel on Friday night. The event raised just over N$2 million through pledges by the business sector and some individuals at the launch.
WINDHOEK – The mining sector, which is one of the most important sectors in in terms of Gross Domestic Product (GDP) contributions, will only continue to be an important factor to the domestic economy if new mines are discovered.
WINDHOEK - Ethiopian Airlines, Africa’s largest airline group, has confirmed that it has finalised all preparations to once again celebrate International Women’s Day by operating an All Women Functioned Flight, this time on the Addis Ababa to Stockholm to Oslo route on March 8.
WINDHOEK - The possibility of no Brexit trade agreements in place next month is increasing fear about Namibia’s meat export to the United Kingdom worth some N$236 million per annum.
WINDHOEK – Debmarine Namibia’s 2018 revenue increased 11 percent to N$8.9 billion, driven by increased production, improved consumer demand, competitive pricing as well as the weakening of the Namibia dollar against the US dollar.
WINDHOEK - The Roads Authority (RA) held a press briefing on Friday morning to clarify issues regarding overdue payments to contractors and to provide feedback on the current status of the projects.
WINDHOEK - Development Bank of Namibia (DBN) Head of Marketing and Corporate Communication, Jerome Mutumba, says state-owned enterprises (SOEs) can benefit from purposeful finance to enable them to fulfill their mandates to develop Namibia using corporate finance.
WINDHOEK - When American music icon Prince passed away in April 2016 many were shocked to learn that he had no will for his estate, which was valued at around US$200 million by Forbes Magazine. For almost three years after his death his estate was still in limbo.
WINDHOEK – A sluggish and weak domestic economy in 2018 that is struggling to recover from an ongoing recession, following negative growth of 0.9 percent recorded in 2017, is taking its toll on both business and households
WINDHOEK - Namibia Wildlife Resorts (NWR) has for the past few years focused its efforts on offering the domestic and international markets the only opportunity to stay within Namibia’s national parks. Over time, this has provided guests with the chance to enjoy an early morning game drive or experience a breath-taking sunset at Sossusvlei.
We all need to plan for our futures and that of our children. Saving for retirement or education is essential, especially if you want to achieve financial independence. This should be a concern for all Namibians in their journey toward economic self-reliance.
Running a small business, or being a lawyer, plumber, architect, doctor or whatever form of self-employment, you find yourself in, you are bound to use a computer. Whether it is an Apple or PC or a portable device, software, back-up, apps and
WINDHOEK - Education is the bedrock for propelling the next generation into a thriving future, the lynchpin for the prospective prosperity of a country and its people. Few would argue with this fact. Yet what happens if the circumstances for a solid education are simply unfavourable?
WINDHOEK - MTC’s Chief Human Capital & Corporate Affairs Officer and the Founder and President of the Institute of People Management of Namibia, Tim Ekandjo, was recently awarded the “100 Global HR Heroes Award” at the 27th World HRD Congress. The World HRD Congress took place from the 15 to 17 February at Taj Lands Mumbai and was attended by over 1300+ global leaders from various continents including Asia, Africa and USA.
WINDHOEK – Last Friday, the enthusiastic young competition winners and their parents gathered at the Sanlam Investments office in Windhoek to receive their prizes handed to them by Tega Shiimi ya Shiimi, CEO of Sanlam Investments Namibia. Fifty winners located across Namibia each received a school bag filled with stationeries.
WINDHOEK – Namibian Competition Commission (NaCC) is seeking input from interested parties such as the National Petroleum Corporation of Namibia (Namcor)’s customers and competitors in respect of the competitive implications of the proposed reinstatement of the petroleum importation mandate.
WINDHOEK – This year opened with the annual inflation rate at 4.7 percent, which was a 1.1 percentage point higher than the 3.6 percent registered in January 2018. However, this is still lower than 5.1 percent in December 2018 and 5.6 percent in November 2018.
WINDHOEK – The Construction Industries Federation of Namibia (CIF) is optimistic that lawmakers will focus on ensuring better opportunities for the Namibian construction sector and will explicitly address the extent of foreign involvement in the industry, which the federation says is currently to the detriment of Namibian contractors. This call by the CIF comes in the wake of the opening Parliament last week and expressly calls for legislation of a National Construction Council.
WINDHOEK - The Ohlthaver & List (O&L) Group Executive Chairman, Sven Thieme, on Thursday announced a change in leadership in the company that is the largest private employer in the country.
WINDHOEK - FirstRand Namibia’s interim results for the period ended 31 December 2018 demonstrates continued strong performance in the face of a difficult economic climate that has seen the local economy contract for the last two consecutive years.
WINDHOEK – Coming off the back of a passive draw against Tura Magic in midweek action, defending champions African Stars will this weekend return to action when they confront traditional rivals Orlando Pirates in what is expected to be a thrilling derby.
WINDHOEK – The Minister of Fisheries and Marine Resources, Bernardt Esau, is not happy with the coordination of activities in the country’s aquaculture stations, saying that production activities are still not sustainable
WINDHOEK - The Bank of Namibia’s Monetary Policy Committee (MPC) yesterday announced that the Repo rate has been left unchanged at 6.75 percent to continue supporting domestic economic growth.
WINDHOEK – Namibia must take value addition within the fishing sector, which remains one of the country’s key economic sectors, to new heights in 2019. This is according to Fisheries and Marine Resources Minister, Bernhardt Esau,
WINDHOEK – As Valentine’s Day is tomorrow, it is not just florists and gift shops hoping to boost their revenue as a number of Namibian companies have decided to celebrate the day of love with their customers by offering enticing Valentine’s Day specials at reasonable prices.
WINDHOEK - FNB says its customers are increasingly embracing digital banking channels in order to bank in a convenient and affordable manner. The bank revealed that over the last year the highest number of customers that migrated to the FNB Banking App, Online Banking and Cellphone banking for day-to-day banking were recorded.
WINDHOEK – Dinapama Manufacturing and Supplies, a wholly-owned local clothing manufacturer, has, in conjunction with the labour ministry, yesterday embarked on an initiative to improve productivity which, in turn, is expected to reduce costs and improve quality
WINDHOEK - Total production costs of dairy producers have increased by more than 55 percent over the past year compared to their income, which has dropped due to producer price cuts of 30 cents per litre of milk.
WINDHOEK - Valentine’s Day is synonymous with the traditional exchange of cards, chocolates, gifts and sharing a candle-lit dinner with loved ones. It not only signals appreciation and love for one another; but is also a life-long tradition that is celebrated in most parts of the world.
WINDHOEK - Southern Business School Namibia is giving radio listeners that want to pursue their education the chance to do just that. Two lucky winners can win scholarships on Fresh FM and Omulunga Radio.
Business norms have changed – the importance of long term, purposeful corporate social investments (CSI) has increased and has now become a priority for business leaders globally.
JOHANNESBURG - The South African government says good progress has been made in negotiations to re-open markets for South African meat products following the end of a foot-and-mouth disease outbreak in Limpopo.
WINDHOEK - In line with the Minister of Industrialisation, Trade and SME Development, Tjekero Tweya’s recent observation that the charcoal industry must be reformed to add more value locally, AM Consulting in Windhoek say they have investors who are looking for a farm of between 5 000 to 10 000 hectares and whose owner is interested in de-bushing/bush thinning.
WINDHOEK - The African Development Bank is expected to present the 2019 edition of its flagship African Economic Outlook (AEO) report on the sidelines of the 32nd Ordinary Session of the Assembly of the African Union in Addis Ababa, Ethiopia, on Friday, February 8, 2019. The African Economic Outlook 2019 will be available in English, French and Portuguese.
It’s no secret that the success of small businesses is vital to the success and wellbeing of any economy. However, to succeed, business owners must effectively manage multiple aspects of their enterprises. One such aspect is pricing.
RUNDU - The Kavango East Regional Governor, Dr Samuel Mbambo, says the Development Bank of Namibia (DBN) is ideally placed to change the culture of reliance on the country’s neighbours and other countries.
The Namibian government has succeeded in slowing growth in public debt over the past two years from a high of 45.1 percent y/y in February 2017 to the 17.5 percent recorded in January 2019.
WINDHOEK – Two consecutive and substantial fuel price decreases in December 2018 and January 2019, combined with stable prices confirmed by the Ministry of Mines and Energy for February 2019, bring relief to not only motorists, but to all businesses and consumers at a time when the economy is still not gaining much momentum.
WINDHOEK - The N$190 million Peugeot assembly plant in Walvis Bay is still in the pre-series production phase that entails training employees and validating the production process.
WINDHOEK - Standard Bank is working on a number of banking products and facilities that it feels will help deepen trade ties between Chinese and Namibian businesses. This is according to Annelie Cloete, Standard Bank’s Corporate and Investment Banking Chinese Relationship Manager.
The latest data from the Ministry of Labour, Industrial Relations and Employment Creation indicates that during the second half of 2018 close to 2 500 people were retrenched from 128 locally-based companies.
WINDHOEK - Ethiopian Airlines, the largest aviation group in Africa and SKYTRAX Certified Four Star Global Airline, has confirmed that it has extended free transit tour to global passengers as of February 01, 2019.
WINDHOEK – The Roads Authority (RA) yesterday said that more than N$250 million owed to Namibia Traffic Information System (NaTIS) does not have a direct impact on its operations but that all the collected outstanding fees will be channelled towards maintaining the country’s road network and the construction of new roads. This funding will be done via the Road Fund Administration, which falls under the Ministry of Finance.
WINDHOEK - “Over the past decade and even before that, sponsorships, donations and CSI initiatives have undergone dramatic changes and this philanthropy landscape keeps on changing. Today, more than ever, CSI managers and donors identify with a wide range of social problems and understand the importance of solving and prioritising strategic
WINDHOEK - As the saying goes, team work makes the dream work, and two trailblazing entrepreneurs are harnessing this power of collaboration to add a touch of luxury and sweetness to Valentine’s Day this year.
WINDHOEK - The Government Institutions Pension Fund (GIPF) has urged all members to visit their Human Resource officers from their respective institutions, to update their Beneficiary Nomination forms. Members must ensure that the names and date of births of their dependants (beneficiaries) and nominees accurately appear on the forms as they reflect on their national documents.
WINDHOEK - Road infrastructure is a growth enabler, enabling trade, integration and the movement of people.
WINDHOEK - The Bank of Namibia (BoN) has awarded bursaries to nine undergraduate students who will be undertaking their studies at institutions of higher learning in Namibia and the Southern African Development Community region. Two Masters’ degree students will also be joining this cohort.
WINDHOEK - Ethiopian Airlines, the largest aviation group in Africa and SKYTRAX certified 4-Star global airline, is re-structuring its US network, opening a new destination, adding frequencies and shifting gateways as of the summer of 2019.
The world used to be a dangerous place. From roaming animals to unsafe food, untested products and cars without seatbelts or hardly any safety features at all. Riding motorbikes without a helmet was the most natural thing and most of us reading this can remember riding our bicycles without a helmet. You never see a kid without a helmet on a bike anymore.
WINDHOEK - Air Namibia has confirmed schedule changes and frequency increases to a number of flights effective March 30, in an effort to improve its service offering on domestic and some regional routes. The national airline will increase capacity on routes where it often has high levels of spillage and is also introducing flights on days of the week most suited to clients’ requirements.
WINDHOEK – A national workshop is planned in response to concerns raised regarding the operational efficiency of the Central Procurement Board as well as Procurement Policy Unit.
LÜDERITZ - The N$400 million Lüderitz Waterfront development project represents the single largest business development in Lüderitz since independence.
WINDHOEK - The international world water and renewable energy community is scheduled to meet at the Safari Court Conference Centre in Windhoek at the beginning of April to discuss water resources and hydroelectric power development. The three days of discussion are to be preceded by training workshops and seminars.
WINDHOEK – After surviving negative economic growth for the last two years, the Minister of Finance expects the worst effects of the recession to be over but has cautioned that the prolonged slump still calls call for comprehensive and targeted actions by both government and the private sector despite the expectation of moderate growth in the Namibian economy this year.
WINDHOEK – Many Windhoek residents were flabbergasted when they received their January water bills from City of Windhoek which in no way resembled the average monthly usage.
WINDHOEK – Following a 2018 study of the local automotive industry, the Namibian Competition Commission (NaCC) says the biggest concerns in respect of competition and market structure were found in the application of franchising in the vehicle retail market, more specifically the market for new vehicle sales, whereby one company is given exclusive rights by the franchisor to sell a certain brand in the entire country.
WINDHOEK – During 2018, the Ministry of Finance uncovered more corruption cases within its corridors compared to the previous year. Addressing his staff yesterday, Minister of Finance, Calle Schlettwein, revealed that while only six corruption cases were exposed in 2017/18, this year, the figure increased to more than double with 15 corruption cases discovered.
The Namibian economy will probably show marginally positive growth in 2019 of 1.5 percent in real terms. This outcome will largely be the result of a “flattening” out of the down cycle rather than a real recovery.
WINDHOEK – Air Namibia is fighting tooth and nail to have an attachment order by a German court thrown out as it argues that the judgement by a Munich court in January 2015 remains enforceable only in Germany.
WINDHOEK - The only accrual-based stakeholders that managed to receive three consecutive unqualified audit opinions between 2014 and 2017 were the Erongo Regional Council and the Aroab Village Council.
WINDHOEK - The Government Institutions Pension Fund (GIPF) has confirmed the recent appointment of Morna Ikosa as its new Communications and Stakeholder Engagement manager.
WINDHOEK – An ugly spat between a local company, Khomas Civil Construction (KCC), and an Italian company called the Enertronica Group (EG), is brewing as accusations and counter-accusations are being thrown about by the two entities. EG, last year erected a five-Megawatt solar power plant in the Erongo Region for which it employed KCC to complete specific construction work.
WINDHOEK - Sanlam has confirmed the appointment of Denille Roostee as the new Marketing and Communications Manager for the organisation.
WINDHOEK – While the Namibian economy, which is still reeling from the effects of a prolonged recession, is expected to eventually return to growth sometime during the course of 2019, a local economist has cautioned that any rebound into positive territory will still be low growth of less than one percent. In fact, the growth expectation is for a mere 0.8 percent, according to Robert McGregor an economist at Cirrus Capital (Pty) Ltd.
The Namibia Statistics Agency, as we should all know by now, is the central statistics repository of the state and hence responsible for the collection, production, dissemination and analysis of official statistics. What drives the Agency is the need to ensure that the statistics produced are relevant, accurate, reliable and timely in order to influence decision and policy making.
WINDHOEK – Minister of Industrialisation, Trade and SME Development, Tjekero Tweya, has called for an intensification of strategic alliances between Namibia and India to yield tactical outcomes fast-tracking industrialisation and prosperity for the two countries.
WINDHOEK - Airbus and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) have announced the top 10 African tech start-ups that will take part in the latest Airbus Bizlab #Africa4Future accelerator programme. They were selected after an open public pitch event in front of experts, potential investors, the media and other stakeholders in Kenya’s capital city.
WINDHOEK – Public transportation, both via road and air, is still readily available from Namibia to Zimbabwe despite the political and civil unrest that flared up in the southern African nation this week. However, while transportation companies say they are ready to drive and fly, most of the buses destined for Zimbabwe are practically empty and flights under-booked as travellers seem to be waiting for the unrest to subside before travelling to the troubled country.
WINDHOEK – Most parents know that back-to-school is one of the most expensive times of the year, but it is estimated only half of parents make an effort to establish a back to school budget. Parents are well aware that that back-to-school shopping poses a financial burden on their families. A whopping percentage of parents spoken to claim that getting kids ready for a new year of classes leaves them with serious anxiety and shopping for necessary school items is the worst cause.
WINDHOEK – A disastrous ceiling collapse on Tuesday at the entrance of the Windhoek Country Club Resort and Casino (WCCR) has been attributed to strong winds. Fortunately, no staff members or guests were injured when the entire ceiling of the VIP drop-off area came loose and crashed onto the floor of the entrance at around 14h00.
WINDHOEK - The Namibia Diamond Trading Company (NDTC) Board of Directors have confirmed the retirement of Shihaleni Ellis Ndjaba, Chief Executive Officer (CEO) of NDTC, who retired at the end of December 2018, following 11 years of dedicated service to the company. He is succeeded by Brent Eiseb, who previously served at strategic level as Senior Manager, Sales & Marketing. Eiseb’s appointment is effective from January 01, 2019.
WINDHOEK - Southern Business School (SBS) Namibia is making enrolling and registration for tertiary education in Namibia easier. The institution says it realises there may be logistical constraints to students registering in person, especially if registration only takes place in Windhoek.
WINDHOEK - The annual inflation rate for December 2018 stood at 5.1 percent as compared to 5.2 percent registered in December 2017. On a monthly basis it decreased to -0.2 percent from 0.7 percent recorded in November 2018.
WINDHOEK – Parents play a key role in the financial literacy of children. As they prepare their children for the New Year’s first school semester, the subject of money between the parent and the child will present itself one way or another. For a parent, this should be an opportunity to teach their children the importance of saving money for a brighter financial future.
WINDHOEK - Jerome Mutumba, Development Bank of Namibia (DBN) Head of Marketing and Corporate Communication, says that as the economy begins to improve entrepreneurs will find greater confidence to establish SMEs, and existing SMEs will seek finance to grow. However, he says, confidence should walk hand in hand with responsible borrowing.
WINDHOEK - As part of its corporate social responsibility, Standard Bank Namibia has donated over N$640 000 to the Forum for African Women Educationalists in Namibia (Fawena).
In today’s digital world of cloud, mobility, analytics and data, the focus for both business and consumers is to find answers to their problems. Just building a solution or buying devices and applications, without coming up with an answer, in the shortest possible time and most economical manner, will sooner or later prove meaningless and futile
“You don’t negotiate with China!” I was quickly told when I started interviewing African public servants about their infrastructure deals with Beijing. There is a widespread view in Africa that you accept whatever terms are offered, for fear that the money might go somewhere else instead.
WINDHOEK – Both business and leisure travellers alike looking for hospitalities and camping sites in Windhoek and surrounding areas are in for a great treat this holiday.
WINDHOEK - Telecom Namibia, under its TN Mobile brand, has extended its 3G and 4G connectivity to both urban and rural areas across the country, with the upgrade of 22 mobile sites and the erection of 10 new base stations in various parts of the country.
WINDHOEK - The Namibian ambassador to The Netherlands has welcomed the Dutch business community to come and invest in Namibia.
GENEVA – Developments within the drone or Unmanned Aerial Systems (UAS) industry, is moving at a rapid pace in multiple directions as service providers scramble to provide low altitude, high altitude, recreational and commercial drone services. And, according to the Head of Cargo Transformation at the International Air Transport Association (IATA), Celine Hourcade, Africa continues to lead the way in using drones to deliver goods.
WINDHOEK – Management of local Edgar’s stores parent company, Edcon Namibia, is tight-lipped about any possible implications for the more than 40 stores in Namibia and around 700 full-time and part-time employees as the group fights for its financial survival in South Africa.
WINDHOEK - “After enduring some of the highest property price appreciation in the world, the tide has turned, with buyers firmly in the driving seat and dictating terms as increased volumes have provided prospective buyers with much needed options,” says Namene Kalili, FirstRand Namibia Group Economist.
GENEVA - The International Air Transport Association (IATA) forecasts that the global airline industry will realise a return on invested capital of 8.6 percent in 2019, which is quite similar to returns realised in 2018.
WINDHOEK - On Friday, 14 December 2018, Air Namibia’s Airbus A330 – 200 was operated by “an all Namibian female crew” who successfully took off with a 64 percent passenger load and safely landed in Frankfurt
WINDHOEK - Third quarter trade statistics, released by the Namibia Statistics Agency (NSA) last week, show that the value of exports increased
GENEVA - The International Air Transport Association (IATA) forecasts that African airlines are to make a loss of more than N$4.2 billion (US$300 million) in 2019, which is in stark contrast to the rest of the global airline industry that is anticipated to report a net profit of close to half a trillion Namibia dollars (US$35.5 billion) next year.
GENEVA - It is not only Namibia or the Hosea Kutako International Airport that is currently experiencing a major aviation infrastructure challenge as the International Air Transport Association (IATA) yesterday revealed that the industry, globally, is approaching an infrastructure crisis.
WINDHOEK – FirstRand Namibia says it has 2 886 registered shareholders of which 2 760 are Namibian – who together own almost 103 million shares valued at more than N$4.6 billion as of June 2018.
WINDHOEK - The African Union together with the International Air Transport Association (IATA), the African Airlines Association and the African Civil Aviation Commission, last week published a Single Africa Air Transport Market (SAATM) handbook.
WINDHOEK - Global Credit Ratings (GCR) has affirmed the national scale ratings assigned to Capricorn Investment Group Limited and Bank Windhoek Limited of AA (NA) and A1+(NA) in the long-term and short-term respectively; with the outlook accorded as stable. Furthermore, Global Credit Ratings has affirmed the long-term South African national scale (Rand) issuer rating of A+(ZA) assigned to Bank Windhoek Limited; with the outlook also accorded as stable.
WINDHOEK - Standard Bank Namibia, together with MasterCard, last week launched their Lounge Key programme, which allows the bank’s Private Banking and Prestige Banking customers free access to 850 VIP lounges at international airports across the world, including Eros Airport.
Bank Windhoek reached a milestone this week Wednesday when it announced the successful issuance of Namibia’s first Green Bond. This achievement positions Bank Windhoek as the first local commercial bank to issue a Green Bond not only domestically but across the Southern African region.
WINDHOEK - Ethiopian Airlines, the largest aviation group in Africa and a Skytrax-certified four-star global airline has been crowned company of the year by All Africa Business Leaders Award (AABLA) on 29 November 2018 in Sandton, Johannesburg.
WINDHOEK - Upgrading of rural communities as part of the MTC 081Every1 project remains a pivotal tool towards achieving technological driven economy and the opportunities abound with it.
WINDHOEK - Team Prosperity Brokers from the University of Namibia (Unam) were announced as winners of the Scholars Investment Challenge 2018 at a prize-giving function held at the Namibia University of Science and Technology (Nust) last week Friday in Windhoek.
The Bank of Namibia’s Monetary Policy Committee (MPC) yesterday revealed that the Repo rate, the rate at which commercial banks borrow from the central bank which in turn determines interest rates, has been left unchanged at 6.75 percent. The MPC said the rate remains appropriate to maintain the one-to-one link between the Namibia Dollar and the South African Rand, while supporting domestic economic growth.
WINDHOEK – The mining industry continues to be a significant driver of domestic economic growth to the extent that during the last four years over N$32 billion has been invested in new mines and reinvestments.
WINDHOEK - As per the Payments Association of Namibia Public Notice on 16 November 2018, and the Bankers’ Association of Namibia’s notice, cheques as a payment method in Namibia will no longer be accepted as of 30 June 2019.
WINDHOEK - Desert Fruit Namibia is one of only a handful of known producers of Fresh Bahri Dates in the Southern Hemisphere, and these dates, while relatively unknown in Europe and the US, remain a sought-after delicacy in the Middle East, with rising demand from the Muslim and Asian markets.
WINDHOEK - Out of the 15 categories, Namibia brought home two awards from the recent Southern Africa Startup Awards (SASAwards), which was held for the first time to celebrate and recognise the spirit of innovation and achievement in the startup ecosystem in the SADC region. SASA Namibia was represented by 11 regional winners from nine startups at the SASAwards grand finale that took place on 21 and 22 November 2018 in Johannesburg, South Africa.
WINDHOEK - TransNamib Holdings Ltd, and Botswana Railways (BR) recently signed a Memorandum of Understanding (MoU) in Gaborone, Botswana, which will culminate in the development and operation of a container terminal in Gobabis.
WINDHOEK - Namibia Wildlife Resorts (NWR) recently returned from marketing and networking session in Ghana, aimed at luring Ghanaian visitors to their resorts. The event took place on November 30, 2018 in conjunction with Air Namibia’s local representative who gave attendees the benefits of flying with Air Namibia.
WINDHOEK – NamPower has declared a dividend of N$60.7 million to its shareholder, the government yesterday. The dividend was approved at the electricity utility’s most recent annual general meeting where the NamPower board of directors decided to declare the dividend for the financial year ended June 30, 2018.
WINDHOEK – The much-awaited operationalisation of the Namibia Revenue Agency (Namra) continued to gain momentum yesterday. With the announcement of its Board of Directors before the semi-autonomous agency, it is scheduled to commence at the beginning of March 2019. Namra was established at the end of 2017 with the promulgation of the Namibia Revenue Agency Act after Cabinet approval in 2013, and will replace the current Inland Revenue Department in the Ministry of Finance.
WINDHOEK – The Public Private Partnership (PPP) Committee, which will play a central role in the monitoring, evaluation, and implementation of PPPs, was yesterday announced by Finance Minister, Calle Schlettwein. Economic analysts believe that PPPs could provide amicable solutions to infrastructure development and economic growth in the domestic economy that is struggling to rebound from a recession. The main purpose of PPPs is to leverage private capital for national infrastructure developments.
WINDHOEK - The Namibia Financial Capability Survey results were recently released at the Bank of Namibia, indicating that the average overall Namibia Financial Capability Survey for 2017 was 52.94 percent, which is a 10 percent increase, compared to 2013. The survey also showed that financial knowledge increased with 0.07 percent, and financial behaviour with 18.51 percent.
WINDHOEK – The Ministry of Mines and Energy expects the Rössing Uranium Mine to continue operating under its existing and planned programs until otherwise informed by the board of directors or management of Rössing Uranium Limited.
WINDHOEK – The Namibia University of Science and Technology (Nust), in conjunction with Engineers Without Borders Canada – Mining Shared Value (EWB-MSV), and the Canadian International Resources and Development Institute (CIRDI) is scheduled to host a forum on supporting effective mining local procurement strategies and best practices. The forum is slated for next week Wednesday at the NUST Hotel School in Windhoek.
WINDHOEK – Minister of Mines and Energy, Tom Alweendo, is concerned about recent job losses within the mining sector and has called on Namibian mining executives to brainstorm on how to retain employment for Namibians as well as to create prospects for unemployed graduates to benefit from the country’s extractive resources. Alweendo expressed his concern during a briefing with mining industry executives in Windhoek yesterday.
SWAKOPMUND - QKR Cooperation Limited has appointed George Botshiwe as the new Managing Director of the QKR Namibia Navachab Gold Mine, effective as of November 01, 2018. Botshiwe replaces Johan Coetzee who served as the managing director of the mine for the past five years.
As Green, we were privileged to be the only Namibian ICT company to be an exhibitor at AfricaCom 2018, just as we had been last year. We shared the booth with Submer whose Submer Smartpod is a green (environmentally green) solution for datacenter cooling – great to be partnering with such a cutting-edge technology company. What struck me at AfricaCom this
WINDHOEK – President Hage Geingob, while speaking at the 10th anniversary partnership celebration between Huawei and MTC this week, stated that for Namibia to achieve the tenets of the AU Agenda 2063, “it is pertinent that we encourage, support and foster technological progress on the continent, to augment economic growth and stimulate positive social change.”
WINDHOEK - The FirstRand Namibia Foundation Trust re-iterated its financial commitment and pledged more than N$364 000 to CHANGE, highlighting the continued commitment towards education and skills development programmes. Amongst its various courses, CHANGE provides a fashion design and tailoring programme, as well as business training.
WINDHOEK – Epangelo Mining, the State-owned mining company established in 2008 to occupy a significant position in major commodity businesses, inclusive of uranium, has confirmed that while it was not offered a first-right of refusal for the Rio Tinto shares in Rössing Uranium, because it is not a direct shareholder in the mine, it is in fact interested in increasing government’s three percent stake in Rössing Uranium. CEO of Epangelo Mining, Eliphas Hawala, yesterday explained to New Era that only the government is entitled to receive a first right to refusal offer because government is a direct shareholder in the mine.
WINDHOEK - The festive season is a time of high risk for impulse spending – buying something because you see it, not because you need it. In light of Namibia’s economic downturn, fostering healthy spending behaviour has been top of mind for their citizens. Martha Murorua, Executive Officer for Consumer Banking at FNB Namibia, shares her thoughts.
WINDHOEK – MTC and Huawei on Monday celebrated 10 years of strategic partnership in the technological space. Guest of honour at the momentous occasion was President Hage Geingob.
WINDHOEK - After the tremendous success of the 2018 Start-Up Festival in Windhoek, the Gobabis Municipality in cooperation with the Financial Literacy Initiative hosted a Micro Business Start-up Festival in Gobabis this past weekend (24 November 2018) in the Freedom Square Informal Settlement.
WINDHOEK – The Minister of Industrialisation, Trade and SME Development, Tjekero Tweya, last week officially opened the Dr Shapumba Warehouses and Office Complex in Windhoek’s Northern Industrial Area.
WINDHOEK – The International Air Transport Association (IATA) yesterday commended African governments for their cooperation but has called for closer collaboration, particularly in the fields of safety and environmental sustainability.
WINDHOEK – Two Namibian companies, Pupkewitz Megabuild and Kaap Agri Namibia, are encouraging the responsible use of plastic shopping bags by introducing a fee for the bags.
WINDHOEK – The Ministry of Works and Transport is in the process of drafting a proposal for Namibia to accede to the Single African Air Transport Market (SAATM), which was launched in Addis Ababa, Ethiopia, at the end of January 2018.
WINDHOEK – Nedbank Namibia’s new Head Office will represent close to half a billion Namibian dollars in capital expenditure with building activities gobbling up close to N$700 000 daily during the construction period. Also, Nedbank decided to use only local procurement as a way to inject an elixir into the local economy.
WINDHOEK – Vna Native Foods, the relatively young business that last week walked away with the one-million-dollar prize at the Development Bank of Namibia’s 2018 Innovation Awards, is determined to become a household brand in the country.
WINDHOEK - MTC Namibia partnered with Huawei to put the 4T6S solution into large-scale commercial use. The area selected to benefit from this solution is the central business district of Windhoek. This move is a conscious decision by MTC to efficiently improve network capacity and overall user experience while helping to slash site power consumption and total cost of operation.
WINDHOEK – As the year is quickly nearing its end, Namibia Wildlife Resorts (NWR) is reflecting on some of the progress it made in 2018. NWR emphasises that the economic challenges facing the country played a significant role in how the company fared but notes that these trying times show how resilient the company is.
In many first world economies, the effects of global warming continue to manifest as a business reality. In response to this crisis, the Namibian banking sector, in support of the Millennium Development Goals, is mandated to play a vital role in accelerating the local market’s transition to a lower-carbon energy future.
WINDHOEK - The Prosperity Group recently hosted brokers, shareholders, senior management and the media at the new San Karros Daan Viljoen Mountain View venue. The aim of the cocktail event was to showcase the new conference and entertainment venue within the Daan Viljoen Park, while at the same time introducing the Prosperity Lifecare Insurance product range for 2019, with some new additions and tweaks.
WINDHOEK - Mobile Telecommunications Company (MTC) has announced that as of November 9, 2018 it has reached the 2.5 million active subscribers mark on its books. This is quite a remarkable feat considering the Namibian Statistics Agency estimates that the entire Namibian population is 2.413 million people. MTC’s calculation is based on an active subscriber’s definition by global industry standards, meaning that an active SIM subscriber implies that the SIM card should have been active in the last three months to be defined as such. An inactive SIM card less than three months is not considered be as an active SIM card.
WINDHOEK – Direct Pay Online (DPO) Group, one of the leading online payments service provider in Africa, announced that it obtained a Payment Facilitator licence from the Payments Association of Namibia (PAN) at the end of September. The licence, which took them about a year to secure, enables the DPO Group to roll out its payment services directly to Namibian businesses and entrepreneurs.
WINDHOEK - A service level agreement signed this week between the Namibia University of Science and Technology (NUST) and the Social Security Commission (SSC) will facilitate skills training in gemology, jewellery design and entrepreneurship for the country’s unemployed youth. The agreement, for which N$2 million has been reserved by SSC, was signed on Tuesday by Dr Tjama Tjivikua, NUST vice-chancellor (pro tem), and SSC chief executive officer, Milka Mungunda.
WINDHOEK – Consumers within the financial services sphere are becoming more and more educated particularly with regard to knowing and understanding their rights as customers. This, according to the Namibia Financial Institutions Supervisory Authority (Namfisa), is evident from the number of consumer complaints that have been steadily increasing on an annual basis.
CAPE TOWN – A Namibian corporate Information Communication Technology (ICT) solutions provider, Green Enterprise Solutions, also known as Green, last week clinched significant potential deals at the just ended AfricaCom Expo held at the Cape Town International Convention Centre (CTICC). This is according to the company’s Marketing and Communication Coordinator, Agnes Nyirenda.
GOBABIS – ABInBev Namibia, the brewing company situated in Okahandja, contributed N$300 000 to the Lady Pohamba Maternity Shelter in Gobabis, the capital of Omahake Region. The donation is to be used for the construction of the
WINDHOEK - The Road Fund Administration (RFA) has cautioned that closing of funding gaps along with initiating other revenue solutions will be required in both the medium and long-term in order to meet targets set out in the fifth National Development Plan, Harambee Prosperity Plan and Vision 2030.
WINDHOEK - At the Annual Integrated Reporting Awards 2018, hosted in Johannesburg by Chartered Secretaries Southern Africa in partnership with the JSE Limited on 14 November 2018, Capricorn Group took home the Best Regional Company Award 2018.
WINDHOEK - PowerCom Pty Ltd is currently in the process of constructing a new 30m Lattice tower at Kuisebmond which will be fully commissioned by January 2019 as part of its commitment to infrastructure investment. Demand for tower space has continued to grow in Kuisebmond, as well as across Namibia. The tower infrastructure company is responding to these demands and beginning their 2019 construction schedule in Kuisebmond.
WINDHOEK - Winner of N$1 million in the Development Bank of Namibia 2018 Innovation Award, VNA Native Foods, provided a plan to manufacture powdered soup made from African spinach. The product will provide an additional outlet for local agriculture, contribute to the Agri-industry, and be an alternative to imported powdered soups.
CAPE TOWN –There is critical shortage of skilled ICT professionals in Sub-Saharan Africa, which hampers the growth of a thriving ICT sector, which underpins economic growth. To address this skills shortage, Huawei launched an ICT Talent Ecosystem Programme in Sub-Saharan Africa at Africacom 2018 - the largest telecommunications event in Africa, being held Cape Town.
WINDHOEK - Vivo Energy, the market-leading company that distribute and markets Shell branded fuels and lubricants in Africa, held its annual Safety Day on Thursday. The Safety Day was an opportunity for all parties at Vivo Energy to refocus on the importance of Health, Safety, and Security & Environment (HSSE).
WINDHOEK - The Ministry of Mines and Energy says it has noticed with growing concern the illegal activities taking place at the Oshikango border post in the Ohangwena Region where large amounts of illegal fuel are smuggled into the country for resale. Angolan petrol sells for just over N$6 per litre and diesel for about N$7.30 per litre compared to well over N$14 per litre in Namibia.
WINDHOEK - The Namibia Statistics Agency’s (NSA’s) latest Consumer Price Index and inflation rate estimates for the month of October 2018 indicate that the annual inflation rate slowed to 5.1 percent compared to 5.2 percent recorded in October 2017, registering a decrease of 0.1 percentage points. Based on October 2018 price movements, the monthly inflation rate stood at 0.4 percent compared to 0.8 percent registered a month earlier.
WINDHOEK - Nedbank Namibia Corporate and Investment Banking (CIB) and Noric Otavi Steel Processing (Pty) Ltd this week signed an agreement for Nedbank to act as the lead arranger for the Otavi Steel Manufacturing Plant project in Otavi. According to the agreement, Nedbank will assist with the financial structuring of the project and facilitate the raising of both quasi-equity and debt capital for the N$2.7 billion project.
WINDHOEK - Vetumbuavi Mungunda, the Managing Director of Standard Bank Namibia, was awarded with the Institute of People Management’s MD of the Year Award at its recently concluded IPM Excellence Gala Dinner Awards. The glamorous event took place at Hilton Hotel in front of a packed audience on Tuesday.
WINDHOEK - Running a small family business in Namibia is not for the faint of heart. Laurence Theron, born in Swakopmund and living in Walvis Bay, says it’s getting tougher for small and medium (SME)-size businesses to survive.
WINDHOEK - Green Enterprise Solutions (Green) this week once again attended Africa’s largest Telecom Conference in Cape Town. Green is the only Namibian company to be an exhibitor with its own stand at this pan-African event.
WINDHOEK - Last week the FirstRand Namibia Foundation Trust handed over 10 refurbished computers to the Eldorado Secondary School. Principal Salwa Khedr said most of the computers will be used to increase learner intake in the ‘office practice’ subject, while two will be used in the school library.
WINDHOEK – A team from the International Monetary Fund (IMF) that visited Namibia at the beginning of November are of the opinion that a gradual recovery is imminent from the recessionary phase experienced in economy.
WINDHOEK - The inaugural Afrox Leadership Academy programme culminated in a gala dinner attended by First Lady Monica Geingos, in Windhoek on Friday, November 9, at Safari Hotel. The Afrox Leadership Academy was birthed out of the desire by the management of Afrox Namibia to identify the best possible method for intervention in skills development and poverty eradication in Namibia.
WINDHOEK – Namibia Wildlife Resorts (NWR) and Namibia Public Workers Union (Napwu) have reached a deadlock regarding the proposed salary increment for its employees. The deadlock has resulted in Napwu receiving a certificate of unresolved dispute that provides them with the mandate to go on strike after the rules of engagement are agreed between the two parties.
WINDHOEK – The Confederation of Namibian Fishing Associations has welcomed the Cabinet approved Total Allowable Catch (TAC) for hake of 154 000 metric tons for the 2018/2019 fishing season, which begins November 1 and ends on September 30, 2019. According to chairman of the confederation, Matti Amukwa, the TAC, which is recommended by fisheries scientists in the Ministry of Fisheries and Marine Resources, is much like an individual’s salary in that you can get by what you have but you would always welcome more.
WINDHOEK - Using wealth to bring about a positive change to the world as well as leaving behind a legacy for your family and the next generation, were the underlining themes of the Nedbank Namibia Private Wealth official launch which took place on Wednesday, 7 November at the Am Weinberg Estate in Klein Windhoek.
This week New Era’s Senior Business Reporter, Edgar Brandt (EB), interviewed the Business Development Manager of Finnish energy firm, Wärtsilä, Mark Zoeters (MZ) who formed part of a Finnish business delegation that recently visited Namibia for a business seminar themed ‘Finland World Ideas’. The seminar was organised by the Finnish embassy.
WINDHOEK - “I could not wish for more; the infrastructure is ready and it is now up to NamPost to utilize it maximally and create efficiencies that impact positively on both the customer and the staff of NamPost.” These sentiments were expressed by Nangula Hamunyela, chairperson of the Namibia Post Limited Board, when he officially inaugurated NamPost’s new courier warehouse on Wednesday.
WINDHOEK - AB InBev Namibia in partnership with the Ministry of Agriculture Water and Forestry (MAWF) this week officially signed a memorandum of understanding (MoU) related to ensuring Namibia’s water sustainability
WINDHOEK - Despite prevalent economic headwinds which have an adverse impact on revenue collection, government is staying the course to rein in the fiscal deficit and total public debt, as announced by Minister of Finance, Calle Schlettwein, when he presented the fourth Mid-year Budget Review at the end of October.
WINDHOEK - The Windhoek Country Club Resort and Casino (WCCR) has announced the opening of the new Puku bar and restaurant at the pool area of the resort.
WINDHOEK - Since the introduction of digital channels, be it on a PC or mobile phone, fraudsters have targeted unsuspecting users of these channels. This ranges from incidents related to phishing, card swopping, skimming, ATM fraud, and identity theft, 419 scams and sim swopping.
WINDHOEK – Economists have cautioned that the country-wide increase in fuel prices of N$0.50 per litre for petrol and N$0.70 per litre for diesel, which came into effect today, will continue to push up inflation. This is because rising fuel prices will result in higher transportation costs which will gradually lead to higher prices for consumer products.
WINDHOEK – Motorists will have to brace themselves again on Wednesday this week when the recent warnings by economists that the fuel prices will continue to rise will become reality. Minister of Mines and Energy. Tom Alweendo, confirmed in a statement yesterday that Petrol will increase by 50 cents a litre while all grades of Diesel will go up by 70 cents a litre.
WINDHOEK - The stronger growth in credit extended to the private sector compared to credit extended to individuals is in general a welcome sign since households or individuals are already highly indebted.
WINDHOEK - Etosha Fishing Corporation asserted its position as a leading producer of quality canned fish products at the 6th Annual National Quality Awards hosted by the Namibian Standards Institution (NSI) in October. The company once again received top honours by winning three of the five large enterprise categories, including Company of the Year, Exporter of the Year and Product of the Year, a feat it managed in both 2015 and 2017.
WINDHOEK - The World Bank’s (WB) Doing Business Report 2019, released at the end of October 2018, shows Namibia dropped one rank from 106 to 107 out of a total of 190 countries. The report ranks Namibia as 7th out of 14-member states of the Southern African Development Community (SADC) just like last year. However, while five SADC member states improved the ranking by up to five places (Mauritius) and one country maintained the ranking (South Africa), most SADC countries dropped by up to seven places (Tanzania).
WINDHOEK – The ministry of labour has announced new minimum wages for domestic workers, which came into effect on October 1, 2018. The new wages for domestic workers were determined by a one percent increase coupled with the average inflation rate on basic items.
WINDHOEK - In the latest housing index by FNB Namibia, Group Economist Namene Kalili concluded that the stage has been set for lower housing demand. “This can be based on economic growth stagnating, consumer confidence waning, increased affordable housing delivery, increased land delivery, rising interest rates, rising home ownership costs and the economy still shedding jobs.”