• October 20th, 2019



Bitcoin scam using King TeeDee brand 

WINDHOEK - Various scams have been circulating over the past couple of months using well-known Namibian personalities. Recently, it is alleged that musician Martin Morocky, popularly known by his stage name King TeeDee, has fallen victim to such.  


BAN warns against surcharges on card payments

WINDHOEK - The Bankers Association of Namibia (BAN) says it has learned that some merchants continue to add a surcharge or additional fee to card transactions or are setting minimum or maximum transaction amounts as condition for accepting debit or credit cards for payment.

Using tech to heal

Medicine, healthcare and going to the doctor or hospital has for centuries been the procedure when we feel sick. These days, even in Namibia, we now often first reach for our phones or surf the Internet to


Nedbank Namibia launches top-rated money app

WINDHOEK - Nedbank Namibia has taken the next step in its digital banking evolution by launching its top-rated Money App technology in Namibia. According to the bank, the new Nedbank Money Africa App (Money App) is not merely an upgrade on its existing mobile banking technology, but a fundamental rethinking of its


A few days left to get your apples

WINDHOEK - For the past three weeks, the 2019 Bank Windhoek Cancer Apple Project has been distributing apples countrywide. Themed More than an apple. It’s a fruit of hope,  the selling of apples will conclude this

Bank Windhoek opens revamped specialist forex  branch

WINDHOEK - Bank Windhoek opened its revamped specialist foreign exchange (forex) branch situated in Independence Avenue on Tuesday in Windhoek. The newly renovated branch, which includes Bank Windhoek’s new look and feel, offers forex customers a pleasant banking experience in line with the bank’s new brand identity. 

Internet streaming vs satellite TV

Living costs are constantly rising and consumers are constantly assessing their decisions with the aim to get the best possible value out of every cent they spend.  Television entertainment is one of the areas,


Census mapping upon us

The Namibia Statistics Agency is about to undertake one of the most important and significant aspects of the upcoming 2021 Population and Housing Census pre-enumeration activities. This process is called


Team Namibia treasures Namib Desert Diamonds

WINDHOEK - Namibia’s three-year old cutting-edge diamond marketing and sales company, Namib Desert Diamonds (PTY) Ltd (Namdia) and the country’s member-based mobilising force, Team Namibia, signed a Memorandum of Understanding (MoU) to commence with Namdia’s membership of Team Namibia and strategic partnership on 1 July 2019. 


Bank Windhoek supports EAN

WINDHOEK - Bank Windhoek will again support the Economic Association of Namibia (EAN) with the maintenance and development of its institutional capacity to effectively manage its current and future projects.


Sanlam opens new office in Katima Mulilo

WINDHOEK – Sanlam recently officially opened their brand new fully-fledged office in Katima Mulilo. The new office was opened as part of the company’s strategic focus of ‘Client First’, which sees the company putting their clients first in all aspects.  

Withholding Tax explained

Citizens of all countries have an obligation, by regulation, to contribute to and invest in the development of their country by paying taxes. Taxes are utilised for the development of infrastructure, provision of health and


Licky Erastus takes over as MTC’s Acting CEO

WINDHOEK - Dr Licky Richard Erastus has been appointed MTC’s new Acting CEO. Dr Erastus takes over from Thinus Smit who served in the acting role for the past two and a half years. Dr Erastus currently holds the position of Chief Technical Officer at MTC. 

Eqstra rebranded as Ometemba Fleet Services

WINDHOEK - Eqstra Fleet Services Namibia (Pty) Limited (EFS) have been rebranded as Omatemba Fleet Services (Pty) Ltd with effect from May 30, 2019.  The word Omatemba, in both the Oshiwambo and Otjiherero languages, means a fleet of wagons.


HAN gears up for tourism awards

WINDHOEK - The two-day Hospitality Association of Namibia (HAN) Tourism Congress and Tourism Awards Gala, which will take place on June 20 and 21, has received a major boost from Standard Bank,


Banks warns of new scam technique

WINDHOEK - The Bankers Association of Namibia (BAN) is warning the public of the latest scam whereby fraudsters use a new technique to scam clients out of their money. “In the scam fraudsters call clients

Externalisation of money is a crime - Ndjago

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.


CIF elated about local procurement directive

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. 


SADC ministers push for Regional Priority Power Projects

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

MTC kickstarts listing process

WINDHOEK - Namibia’s leading ICT provider MTC has officially started its journey towards listing on the Namibian Stock Exchange (NSX). MTC will become the first state-owned enterprise to list on the NSX. 

Nedbank’s Pepper the Robot arrives for Career Expo

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. 


Communicate with your creditors during tough times

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.


Olafika raising a diamond generation

OKAHANDJA – The Olafika SME Development Mentorship Programme, a Namibian Diamond Trading Company (NDTC)-sponsored initiative, is building a Diamond Generation by placing more emphasis on developing small and medium enterprises (SMEs).

Airbus Africa lab equips airlines for expanding African market

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.


Namibia aims for 80% local generation of power consumption by 2022

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.  


SAATM holds major potential for Africa’s economic transformation – IATA

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. 


Huawei awards Nust’s top performing IT students

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. 


Aviation business tough for African airlines that make a loss per passenger

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.


Development Budget: Hardap allocated over N$284 million for regional development

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. 


Sluggish economy keeps property prices subdued in early 2019

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. 


Financial literacy training for offenders made possible 

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. 


Don’t fear the revolution … embrace it!

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


Coetzee nominated as president of ISACA’s Windhoek Chapter 

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.


FNB Namibia merchants to accept UnionPay cards

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.


Emerging managers create circles of excellence

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.

Approved 2.5% bulk electricity tariff decrease unlikely to benefit consumers

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. 

Southern Africa oil discoveries vital for Namibia

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. 


NeXtGen Board goes the extra mile

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.


Hollard donates N$440 000 to Pupkewitz Foundation

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.


Air Namibia moves to fill leadership void

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.


All systems go for 12th Luderitz Crayfish Festival

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”.


Standard Bank award bursaries to four students 

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.


NWR goes digital

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.


Repo rate: Economists weigh-in

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.


Namcor assists Tsumkwe community 

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. 


‘Namoysters’ highly sought-after

SWAKOPMUND- While Namibian oysters remain one of the most sought after culinary treats on the highly-competitive international mariculture markets, local producers are going at great lengths to meet the high demand.


Nyae Nyae community opts for cash benefit

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.


OPINION: Start that conversation with your teenager

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.


Development Budget: //Kharas Region allocated close to N$700 million for 2019/20

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. 

Team Namibia’s ‘Power of Your Mind’ inspires optimism

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. 


Tucna not impressed with 2019/20 national budget

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.”


Mining sector recorded highest sectoral growth in 2018

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.  


NCCI confirms Mwiya’s appointment as substantive CEO

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.  

Standard Bank Namibia not to follow SA on branch closures

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.


ACP’s efforts post-Cotonou must be economically sustainable - Tweya

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.