WINDHOEK – “The reason for suspension is because our accounts are in arrears. We owe them money however we made a partial payment today”, was part of the blatantly honest and direct response from Air
WINDHOEK – There is a saying that goes: If it is too good to be true, it probably is. Serious investors, both institutional and private, generally abide by this principle to minimise risk and maximise profit for
WINDHOEK – In its most recent World Economic Outlook (WEO) the International Monetary Fund (IMF) has expressed concern about the pace of global economic activity which remains weak, particularly since global growth slowed down sharply in the last three quarters of 2018.
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WINDHOEK - On Monday, 14 October 2019, Capricorn Group, Bank Windhoek’s holding company, launched its third seven-month Management Development Programme (MDP), in partnership with University of
WINDHOEK – The public will have the opportunity to take up shares in Standard Bank Namibia Holdings Limited, the holding company of Standard Bank Namibia Limited, following its successful application to list on
WINDHOEK - Bank Windhoek executives joined the rest of the world in paying homage to customers and frontline staff in recognition of the International Customer Service Week held annually in October. The
WINDHOEK- The current status of Internet of Things in Namibia is something worth pondering on since we have to keep up with the times in terms of technology. The Internet of Things can be defined as the
WINDHOEK – The digital evolution of the past decade or so has radically altered the face of the publishing industry around the world, including in Namibia, thus print media have to keep up with the fast-changing
WINDHOEK - The annual inflation rate slowed to 3.3 percent in September 2019 from 4.8 percent recorded in September 2018, representing a slowdown of 1.5 percentage points. According to the latest Consumer
WINDHOEK – A statement sent yesterday from Trustco Group Holdings indicated that Next Capital Limited, which is an investment vehicle for Quinton van Rooyen and family, intends to write off a N$1 billion loan made
WINDHOEK – Standard Bank Namibia Holdings, a subsidiary of the Standard Bank Group, yesterday commenced with its Namibia Stock Exchange (NSX) listing roadshow with corporate listing breakfast in
WINDHOEK – Namibia needs to invest in technology and innovation, human capital and institutional framework in order to adequately prepare for the fourth industrial revolution (4IR). This is according to
WINDHOEK - The owners of the Skorpion Zinc Mine in southern Namibia, Vedanta Zinc International (VZI), on Friday confirmed that the mine’s refinery will be placed on an extended plant shutdown from early
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WINDHOEK – Janny David, a 28-year-old real estate developer and owner of Jay’Dor Real Estate, is encouraging Namibians to never give up on their dream of owning a home. David, who has been involved in
WINDHOEK – According to the Institute for Public Policy Research’s (IPPR’s) latest Quarterly Economic Review, covering the third quarter of 2019 (July to September), government is still exhibiting three key
WINDHOEK – The Road Fund Administration (RFA) says it is cognisant that the future will bring dramatic technological improvements to the transportation sector, requiring closer stakeholder engagement and
The Bank of Namibia’s report on Namibia’s second quarter performance found that fuel imports significantly contributed to the decline in the country’s current account.
WINDHOEK - Capricorn Group launched its 2019 Integrated Annual Report yesterday, making it the fourth integrated report for the Group that adheres to the International Integrated Reporting Council’s IR Framework.
WINDHOEK – During the third and last day of the National ICT Summit, which commenced in Windhoek on Monday, Deputy Minister of Information and Communication Technology, Engel Nawatiseb, said it is
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WINDHOEK – On Monday, Bank Windhoek officially inaugurated its new Lifestyle Branch situated at the Pupkewitz Megabuild Lifestyle Centre in Windhoek’s Kleine Kuppe suburb. The new branch, which includes
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Unmanned Airborne Systems (UAS) are increasingly affordable, capable and readily available. They are also cheaper to operate than conventional aircraft and helicopters. They are no longer gimmicks. They are
WINDHOEK – According to newly appointed Brand Ambassador of the National ICT Summit, Dr Stanley
WINDHOEK - UN House Namibia on Friday introduced electric vehicles (EVs) to the local automotive market
WINDHOEK - Prices in the rental market have shown some improvement compared to a year earlier but
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WINDHOEK – This week’s downgrade of Namibia’s credit rating by Fitch Ratings reflects the mutually
WINDHOEK - Elaine Schlechter joined Welwitschia Insurance Brokers (WIB) on July 1, 2019 as the new
WINDHOEK - FirstRand Namibia has again warned customers and the general public that the imposter fraud
WINDHOEK – The Ministry of Mines and Energy has confirmed that fuel pump prices for October will remain
Team Namibia has encouraged all local businesses, irrespective of whether they produce goods or
WINDHOEK – Minister of Finance Calle Schlettwein says government remains optimistic that economic
WINDHOEK - The Government Institutions Pension Fund (GIPF) is excited to announce the celebration of its
WINDHOEK - Bank of Namibia (BoN) has confirmed that activity in the domestic economy slowed during
WINDHOEK - Credit cards are the crack cocaine of financing because they offer you instant gratification
WINDHOEK – President Hage Geingob on Thursday evening invited representatives of key global private
The Public sector internal auditor’s conference with the theme “Does Accountability Matter”, basically aims:
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WINDHOEK - The Education Business division of the Johannesburg Stock Exchange-listed leading
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ONGWEDIVA - The Namibian Fish Consumption Promotion Trust (NFCPT) improved its revenue from N$87
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WINDHOEK – One of the major causes of the country’s urban housing challenge is the migration of
WINDHOEK - The Namibia Food and Allied Workers Union (Nafau) and major retailer, Pick n Pay, have
WINDHOEK - OTC Markets Group Inc., operator of financial markets for 10 000 United States and global
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WINDHOEK - The N≠a Jaqna Conservancy recently held their most successful Annual General Meeting to
WINDHOEK - The Namibia Chamber of Commerce and Industry (NCCI) yesterday officially launched its
WINDHOEK – An industry-wide banking strike scheduled to take place in South Africa this Friday is not bank
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WINDHOEK – The Ministry of Finance has responded to complaints regarding a perceived delay in the
WINDHOEK - DHL-Ethiopian Airlines Logistics Services, which is a joint venture formed between DHL Global Forwarding and Ethiopian Airlines, is up scaling its operations in Ethiopia. The company has named Berhanu
WINDHOEK - The maximum monthly potential cash back earnings of FNB Rewards has been increased across all segments from September 1, 2019.
WINDHOEK – One of Africa’s leading entertainment platforms’ digital apps put customers first and empower them to manage their accounts for an elevated viewing experience.
WINDHOEK - Namibian private equity firm Eos Capital on Thursday launched the Nambob brand in the
WINDHOEK - Headway Consulting recently signed on as Silver Sponsor for the 6th National ICT Summit
WINDHOEK - The continued contraction in housing prices is not a surprising outcome given the severely
WINDHOEK- FirstRand Namibia Staff Assistance Trust announced yesterday that it has approved tuition fees for 38 applicants of previously disadvantaged non-managerial staff.
WINDHOEK – State-owned rail enterprise TransNamib’s chief executive officer (CEO) Johny Smith has been
WINDHOEK – Nam-mic Payment Solutions (Pty) Ltd announced that it has officially appointed Meriam
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WINDHOEK – Road Fund Administrator (RFA) board chairperson Penda Ithindi says the fund envisages an
WINDHOEK – The domestic economy remains subdued in the second quarter of 2019, recording a
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WINDHOEK - FlyWestair, Westair Aviation’s new scheduled passenger airline, has confirmed a new route between Windhoek’s Eros Airport and Cape Town, South Africa six times per week, with a quick stopover in Oranjemund.
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WINDHOEK – Namibia has achieved notable progress since independence in addressing its socio-economic challenges, Prime Minister Saara Kuugongelwa-Amadhila has said.
WINDHOEK – Cabinet has directed Namibia’s power utility company NamPower and the Zimbabwean Electricity Supply Authority (ZESA) to meet to finalise the ongoing negotiations for the possible supply of an additional 50 megawatts to Namibia.
PRETORIA - Marie Françoise Marie-Nelly is the newly appointed World Bank Country Director for South Africa, Namibia, Lesotho, Botswana and Eswatini. She replaces Paul Noumba Um and joins the Pretoria
WINDHOEK – The Road Fund Administration (RFA) through the Road User Charges (RUCs) has invested a total of N$17.27 billion in the preservation of national roads network, which has grown from 42 100
WINDHOEK - It doesn’t matter which walk of life you are from, be it tenderpreneur, chief executive officer or domestic worker, Namibians are drowning in debts, with 238, 640 borrowers owing an astonishing
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WINDHOEK - Namibia needs to make tough decisions or remain stuck in the current economic storm, High Level Panel on the Economy chairperson Johannes !Gawaxab said.
WINDHOEK - Namibia Financial Institutions Supervisory Authority (Namfisa) workers entered a second day of strike for higher pay yesterday, with the union refusing to accept a six percent salary increment offered by the institution.
WINDHOEK- Minister of Labour Relations and Employment Creation Erkki Nghimtina yesterday opened a two-day workshop on employment creation that will dialogue on possible interventions for creating employment in different sectors of the economy.
WINDHOEK - The 20th Bank of Namibia (BoN) Annual Symposium to be officiated by Prime Minister Saara Kuugongelwa-Amadhila on Thursday this week will discuss the question whether Namibia is really a middle
WINDHOEK- In its quest to provide the market with relevant, holistic financial solutions, Bank Windhoek on Wednesday launched a new Selekt Gold offering.
WINDHOEK – In anticipation of the United Kingdom (UK) leaving the European Union (EU) at the end of October, the Southern African Customs Union (SACU), along with Mozambique, has agreed to roll over the
WINDHOEK - Altron Rest of Africa (Altron ROA), a division of JSE-listed technology company Altron, has confirmed the sale of a minority stake in its subsidiary, Bytes Technology Group Namibia (BTG Namibia), to
DURBAN – Africa and the developing world in general is seized with finding sustainable solutions to the current challenges facing young people and the labour market of the future. The possibility of a digital
WINDHOEK – In response to various employers’ payroll software systems still not being ready to submit Pay As You Earn (PAYE) returns electronically through the Integrated Tax Administration System (ITAS), the
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WINDHOEK - Team Namibia held a retail networking event to support manufacturers of cosmetic and beauty products to secure shelf space in Windhoek pharmacies as well as duty free outlets on September 3.
WINDHOEK - O’Nature Cosmetics, in conjunction with Versatile Media Agency, reached another milestone when they recently launched their new brand ambassador’s cohort at the Garden Inn. With the market for
WINDHOEK - Economic loss due to cybercrime is predicted to reach US$3 trillion (about N$45 trillion) by 2020, and 74 percent of the world’s businesses can expect to be hacked in the coming year. Current efforts to
WINDHOEK - As a responsible corporate citizen dedicated to fighting e-crime and financial fraud, Bank Windhoek has launched a vishing awareness campaign, which highlights how vishing telephone fraud works.
WINDHOEK – The United Nations Population Fund (UNFPA) in collaboration with Botswana, eSwatini, Namibia, Mauritius, Seychelles and South Africa are co-convening a multi-country dialogue to discuss
WINDHOEK – In an extremely challenging operating environment, that includes a significantly subdued economy, prevailing drought and increased competition, MultiChoice Namibia (MCN) continues to impress by consistently growing its business.
DURBAN - Regional Director for Africa at the World Travel and Tourism Council (WTTC) Jillian Blackbeard has praised Namibia for being one of the best self-drive destinations in Africa. In tourism terms, self-drive
WINDHOEK - Capricorn Group Executive Management Team (EMT) members officially welcomed 20 new employees to the organisation on September 2, 2019. The new staff were welcomed at a two-day New
WINDHOEK - As Poiyah Media turns two years old, it received a prestigious nomination as the Global Start-up Awards Best media partner, which celebrates start-ups and their accomplishments globally.
WALVIS BAY - German Federal Minister for Economic Cooperation and Development Gerd Müller says he is keen to explore development in importing and exporting as well as vocational training with Namport.
WINDHOEK - With the recent signing of the African Continental Free Trade Agreement (AfCFTA), Zambian Minister of Tourism and Arts, Ronald Kaoma Chitotela, says the time has come for African
WINDHOEK - FirstRand Namibia presented its 2019 end-year results on Friday morning showing an increase in profit before tax by 2.2 percent to N$1.58 billion (2018: N$1.55 billion). The group’s revenue
WINDHOEK - Hopes for Africa’s economy have been raised before, particularly when the continent enjoyed boom times prior to the financial crash of 2008, much in part to a commodities “super cycle” that
WINDHOEK - The I n t e r n a t i o n a l Telecommunication Union (ITU), the United Nations specialised agency for information and communication technologies (ICTs), estimates that at the end
Turning contacts into quality relationships takes effort. It is not enough to send a sporadic email or call or connect on social media. You need to invest in relationships to strengthen and grow them over time.
WINDHOEK - The Namibia Chamber of Commerce and Industry (NCCI) branches at Ondangwa, Oshakati and Ongwediva has elected new branch leaders at their respective annual general meetings held recently.
Participants from various Local Authorities gathered at NIPAM last week to attend the first cohort training on Project Finance. The training is designed for Local Authorities with an objective of addressing the
WINDHOEK - Namibia’s pork industry is exploring all avenues to erect a third pig abattoir in the central areas to bolster local production which has experienced a 14.8 per cent decline in the first six months of this year.
WINDHOEK - The global oil market remains favourably volatile to net importers of oil like Namibia in that oil prices have fallen during the period under review. This has resulted in the Ministry of Mines and Energy
WINDHOEK - In a drive to improve their stakeholder communication, the Business and Intellectual Property Authority (BIPA) hosted an open day on August 28, 2019 at the Ongwediva Trade Fair. The aim of the event
WINDHOEK - Bank Windhoek’s Annual Northern Estate Agents Awards ceremony capped Eveline Paulus, Roswitha Haingura and Helena Amunyela, as the top three northern estate agents at a glittering event hosted in Oshakati on Thursday, August 29, 2019.
WINDHOEK – South African Transport and Logistics industries have distanced themselves from an anticipated truck driver’s strike in that country today, saying they do not support calls for national
WINDHOEK – While the Zambian government has already issued a travel advisory in anticipation of a national truck drivers’ strike in South Africa on Monday, September 2, the Namibian government, through
WINDHOEK – The expected contraction in economic growth of 1.7 percent in 2019 will be the worst recession the country has experienced since independence. Driven primarily by a dismal performance of
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WINDHOEK – The Government Institutions Pension Fund (GIPF) issued a statement late last week saying it has taken note of the pronouncement made on August 21 by the Prosecutor General on the investigation into
WINDHOEK - In light of recent industry developments, which include road, rail and sea upgrades, Namibia’s logistics and economic aspirations are well on track to being realised. Several industry projects
WINDHOEK - At a handing-over ceremony on 22 August 2019, the trustees of the Embwinda Fishing Workers’ Trust (EFWT) received a cheque of N$1.1 million from Cadilu Fishing to distribute to the employees of Embwinda Fishing.
WINDHOEK – The Capricorn Investment Group Limited (Capricorn Group) released its consolidated group financial results for the year ended June 30, 2019 on Friday, showing excellent results, with group profit
WINDHOEK - In response to the reduction of the Repo rate by the Monetary Policy Committee of the Bank of Namibia, as announced on August 14 2019, Bank Windhoek has confirmed the reduction of its Prime
WALVIS BAY- A N$25 million hotel, Blue Whale Boutique Hotel has officially opened its doors in the millionaire’s lane at Walvis Bay on Monday.
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Bank and corporate managers are demanding a new generation of risk modelling that goes beyond transparency and enhances their ability to see competitive opportunities as well as to recognise the
WINDHOEK - In Namibia, approximately 44 percent of young people are unemployed and there is mounting pressure on government institutions and departments to provide employment opportunities for them. Over the past few years, Namibia has produced record numbers of skilled graduates from local
WINDHOEK - Team Namibia, a member-based non-profit movement aimed at the promotion of quality local manufactured products and services, held a donor event financed by the Embassy of Finland, called
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GIPF continues to be a proud participant at the Ongwediva Annual Trade Fair. At this year’s Trade Fair, GIPF will focus on running a massive data clean-up campaign.
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WINDHOEK - Earlier this month, Nedbank Namibia launched Namibia’s first-ever zero-maintenance fees bank account. Referred to as the Pay-As-You-Use account, it allows clients of any age or income group to pay bank charges only when they make a transaction.
WINDHOEK – The Retirement Funds Institute of Namibia (RFIN) hosted its 13th Annual Conference teaser event which allowed stakeholders, sponsors, speakers and members of the public to get an idea of what to
WINDHOEK - The Construction Industries Federation is very hopeful about the outcome – commitments made by the Namibian government as well as the pledges of anticipated investments by private sector
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WINDHOEK - On Thursday, August 15, Bank Windhoek and the International Finance Corporation (IFC) jointly introduced the free to use EDGE (“Excellence in Design for Greater Efficiencies”) green building
WINDHOEK – Once the new Public Accountants and Auditors Bill is promulgated, it will significantly strengthen the independence of the Public Accountants and Auditors Board (PAAB) and will provide for the
JOHANNESBURG - African leaders have finally launched a long-awaited free-trade agreement seven years after the concept was first agreed, but political integration as envisaged by the continent’s founding fathers decades ago still seems a pipe dream.
WINDHOEK – The Namibia Institute of Public Administration and Management (NIPAM) is offering a new tailor-made course for local authorities and regional councils on project finance.
WINDHOEK – With Windhoek’s annual urbanisation rate currently at about four percent, the N$4.3 billion housing development of the Ongos Valley Project intends to make a significant contribution to the capital city’s population, which is expected to exceed 645 000 people by 2030.
WINDHOEK – The latest Consumer Price Index provided by the Namibia Statistics Agency (NSA) indicates that the All Items Index for July 2019 was estimated at 137.7 up from 132.8 registered in July 2018. NSA
WINDHOEK - Ongos Valley, the exciting N$4.3 billion housing development poised to change the face of Windhoek’s residential landscape, kicked off on Wednesday with a ground-breaking ceremony attended by
WINDHOEK – The Monetary Policy Committee (MPC) of the Bank of Namibia yesterday gave some much-needed positive news when it announced that it reduced the repo rate by 25 basis points to 6.50 percent.
WINDHOEK – Looking at the last three years it is apparent that the timely submission of Affirmative Action (AA) reports by relevant employers remains a challenge. Relevant employers are required to submit AA
A short while ago I was honoured to be invited to the Economic Growth summit in Windhoek. This conference was created to lure potential investors to Namibia from overseas, but also get local
ONGWEDIVA – The sluggish economy continues to wreak havoc on consumer spending as Namibians are forced to do more with less in light of dwindling disposable income. And while a company’s first
WINDHOEK - On Friday, August 9, 2019, Bank Windhoek donated laptops to the Omaheke Regional Library in Gobabis. Upon receiving the donation, the director of education in the Omaheke
WINDHOEK - A first of its kind Urban Fair is slated for Ongwediva on Saturday, 7 September 2019. The
WINDHOEK – The Ministry of Mines and Energy has confirmed that although it has received several proposals for the establishment on an oil refinery, it has not yet granted any approval as it awaits feedback on
WINDHOEK – The Namibia Charcoal Association (NCA) says charcoal production is booming in the country and the organisation is committed to growing the industry.
WINDHOEK - TransNamib recently achieved a milestone by moving the first shipment of Northern Cape manganese from Ariamsvlei to Lüderitz. The train departed for Ariamsvlei on landmark voyage on Thursday,
WINDHOEK – During the 2018/19 financial year the Financial Intelligence Centre (FIC) intercepted and intervened in 25 suspicious financial transactions valued at close to N$472 million. As empowered by
WINDHOEK - The Government Institutions Pension Fund (GIPF) has confirmed that it will embark on an extensive Financial Literacy Campaign, which will run from August 05, 2019 to August 30, 2019.
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WINDHOEK – Nabirm Energy Services, the Namibian registered arm of Nabirm Global, an oil and gas explorer, has upped the ante on offshore exploration by contracting Electromagnetic Geoservices (EMGS)
WINDHOEK - Chairperson of the Debmarine Namibia board of directors Dr Michael Himavindu says the company is committed to protecting the marine environment where they mine diamonds.
WINDHOEK - Paratus Namibia has announced the completion of the initial phase of its national Mobile-LTE rollout plan.
WINDHOEK - Various scams have been circulating over the past couple of months using well-known Namibian personalities. Recently, it is alleged that musician Martin Morocky, popularly known by his stage name King TeeDee, has fallen victim to such.
WINDHOEK - The Bankers Association of Namibia (BAN) says it has learned that some merchants continue to add a surcharge or additional fee to card transactions or are setting minimum or maximum transaction amounts as condition for accepting debit or credit cards for payment.
Medicine, healthcare and going to the doctor or hospital has for centuries been the procedure when we feel sick. These days, even in Namibia, we now often first reach for our phones or surf the Internet to
WINDHOEK - PowerCom Pty Ltd has declared dividends of N$8.1 million for the 2017/2018 financial year. Its CEO Alisa Amupolo stated that during the previous financial year the company was able to withstand
WINDHOEK - The implementation of the Bank of Namibia (BoN) initiative to support the Namibia Training Authority (NTA) apprenticeship programme has started.
WINDHOEK - The Development Bank of Namibia (DBN) and the Development Bank of Southern Africa (DBSA) recently jointly pledged N$8 billion in finance for infrastructure requirements in Namibia. The
WALVIS BAY - China Harbour Engineering Company (CHEC) says the construction of the Namibia Ports Authority (Namport) container expansion project was the most challenging project ever undertaken by the company.
WINDHOEK - Quality plenary discussions, presentations, networking opportunities and open and frank dialogue between the public and private sector at last week’s Economic Summit for Growth impressed and
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WINDHOEK – Organisers of the just-ended Economic Growth Summit will soon embark on an investment roadshow to mobilise more resources in addition to the N$50 billion in investments committed at the Summit.
WINDHOEK – The Ministry of Mines and Energy this week confirmed that fuel pump prices for August will remain unchanged. This means that fuel pump prices in Walvis Bay will be N$13.05 per litre for 95 Octane
WINDHOEK - Huawei announced its business results for the first half of 2019 showing CNY401.3 billion (US$58.2 billion) in revenue, a 23.2 percent increase over the same period last year. The company’s net
WINDHOEK - Nedbank Namibia has taken the next step in its digital banking evolution by launching its top-rated Money App technology in Namibia. According to the bank, the new Nedbank Money Africa App (Money App) is not merely an upgrade on its existing mobile banking technology, but a fundamental rethinking of its
WINDHOEK – For the 18th consecutive year Nedbank Namibia has once again shown its support for the
WINDHOEK – Namibia’s current economic situation has compelled its leaders to rethink the country’s developmental path, which has had a disproportionate reliance on government expenditure. This was part
WINDHOEK - In 2015, Ohorongo Cement acknowledged the dreams of Schack Dwellers Federation of Namibia (SDFN) members to have their own houses, and as such, approached the FNB Foundation Trust
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Today, 31 July 2019, President Hage G. Geingob, an eternal, but pragmatic optimist will deliver the keynote address at the two-day Namibia Economic Growth Summit convening under the apt theme,
In the spirit of good corporate citizenship, organisations both in the public and private sectors in Namibia have an active role to play when it comes to developing skills. Especially in the ICT sector skill
WINDHOEK - The Namibia National Reinsurance Corporation (NamibRe) yesterday declared a dividend of N$6.15 million for the financial year ended March 31, 2018. This dividend represents 20 percent of the
WINDHOEK - The Bank Windhoek Property Expo, hosted by the Association of Estate Agents of Namibia (AEAN), attracted hundreds of visitors over the weekend. The Expo took place on Friday, 26 and Saturday,
WINDHOEK - Elso Holdings, the oldest and only Namibian manufacturer of cleaning materials delivering quality products locally for more than 60 years, is restructuring its route to market solution by outsourcing its
WINDHOEK - Namdeb, together with the Oranjemund Town Council (OTC), held a title deed signing ceremony to mark the sale of the first ever private properties transfers in Oranjemund yesterday. This historic
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WINDHOEK – Due to Namibia’s geographic location, stable political and social environment, good infrastructure and a free investment environment, the country enjoys exceptional advantages in China’s
WINDHOEK - Star Alliance, the world’s largest airline alliance, and NEC Corporation, a global leader in IT, network and biometric technologies, on Friday signed a partnership agreement to develop a biometric data-
WINDHOEK - For the past three weeks, the 2019 Bank Windhoek Cancer Apple Project has been distributing apples countrywide. Themed More than an apple. It’s a fruit of hope, the selling of apples will conclude this
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WINDHOEK - FNB Namibia recently awarded northern estate agents at the first ever estate agent gala dinner held in Oshakati. Tomas Iindji, Area Business Manager of FNB Far North, thanked the northern real estate
WINDHOEK – TransNamib has grown freight revenue by more than eight percent since it closed all its road transportation services to focus on its core business of rail transport, which is in line with its new focus and slogan “Rail it!”.
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ORANJEMUND – FlyWestair, the new Namibian airline that has been commercially operating for three months, on Wednesday undertook its inaugural flight to its new destination of Oranjemund.
WINDHOEK – Although various retailers throughout the country have already been charging customers extra for plastic bags, the Ministry of Finance this week confirmed that the money collected by shops is not yet part
WINDHOEK - The country’s national power utility, NamPower, this week revealed that it will construct four renewable energy power plants over the next five years at an estimated cost of N$4.7 billion. The revelation was made on Wednesday by NamPower’s Managing Director, Kahenge Haulofu, during the launch of the
As the effects of climate change continue to emerge as a business reality, the Namibian banking sector plays a vital role in accelerating the local market’s transition to a lower-carbon energy future.
WINDHOEK - The Namibian Competition Commission (NaCC) yesterday confirmed that it has concluded settlement agreements with Santam Namibia Ltd and Hollard Insurance Company of Namibia Ltd with
WINDHOEK - The City of Windhoek generates anywhere from N$40 000 to more than N$45 000 per day from its bus services which translates into monthly revenue of between N$886 400 to over N$1 million. This
WINDHOEK – MYDAWA, a technology-based service in Kenya, has become the first online pharmacy in Africa and part of the top four percent globally to earn the LegitScript certification that verifies internet
WINDHOEK - Air Namibia yesterday confirmed that one of its Airbus A319 aircraft, which was undergoing heavy scheduled maintenance checks, will resume operating as of Monday, July 29, 2019. This latest
WINDHOEK – The case for major reforms on economic issues such as the size of the public sector, the civil service wage bill, support to loss-making public enterprises, and the questionable viability of capital
WINDHOEK – The Zambezi Region has been allocated N$310.6 million for its Development Budget for 2019/20. As announced by Finance Minister Calle Schlettwein during his budget speech, the overall
WINDHOEK – Bank Windhoek, in partnership with the Namibia University of Science and Technology (Nust) and B360 Education Partnerships, offered a leg up to unemployed university graduates by
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WINDHOEK - Africa Institutional Management Services (Aims) on Friday, July 19, received their Approved Training Organisations certificate (ATO) enabling them to give training in the aviation sector. The certificate
WINDHOEK - A record number of international passengers are traveling through Addis Ababa Bole
WINDHOEK – In a half-year production report released last week, De Beers revealed that its rough diamond production decreased by 14 percent to 7.7 million carats driven by reductions in Botswana (Debswana) and South Africa (DBCM).
WINDHOEK - Bank Windhoek opened its revamped specialist foreign exchange (forex) branch situated in Independence Avenue on Tuesday in Windhoek. The newly renovated branch, which includes Bank Windhoek’s new look and feel, offers forex customers a pleasant banking experience in line with the bank’s new brand identity.
WINDHOEK – Finance Minister Calle Schlettwein has called on Namibia’s lawmakers to consider passing the Financial Institutions and Markets (FIM) Bill without delay.
WINDHOEK - Bank Windhoek has appointed Bronwyn Moody as its new Head of Corporate Social Investments (CSI), Sponsorship and Events, effective Thursday, August 1, 2019.
WINDHOEK - NamPower has confirmed that a 315 MVA, 400/220/22kV transformer is being transported via road from Johannesburg to the Gerus substation near Otjiwarongo. The transformer was transported
Living costs are constantly rising and consumers are constantly assessing their decisions with the aim to get the best possible value out of every cent they spend. Television entertainment is one of the areas,
WINDHOEK – According to Windhoek Mayor Muesee Kazapua, any business that understands the importance of bringing services to where people reside is a good business.
WINDHOEK - Mobile Telecommunications Limited (MTC) has expressed satisfaction with the first foundation workshop on the Information Technology Infrastructure Library (ITIL) 4 hosted by Headway Consulting during
WINDHOEK – A labour dispute is brewing between Standard Bank Namibia and the Bank Workers Union of Namibia (Bawon) regarding salary negotiations for 2019. The dispute emanates from salary negotiations
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WINDHOEK – The Otjozondjupa Region has received just over N$575 million for its development budget for the 2019/20 financial year. As tabled by Finance Minister Calle Schlettwein in his budget speech in
WINDHOEK – Last week, Deputy Minister of Works and Transport Sankwasa James Sankwasa, commissioned a new Tamping machine for TransNamib. The machine, which is a 08-16 Split Head Mod
WINDHOEK - The City of Windhoek has for the first time approved an Affordable Housing Concept where it intends to build houses, most of which will be below N$1 million. This was confirmed at a media briefing last
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WINDHOEK – While applauding those public entities that have implemented internal procurement committees, as required by the Procurement Act, Prime Minister Saara Kuugongelwa-Amadhila yesterday
WINDHOEK - The FNB Rental Index, which tracks advertised rental prices across the country, recorded a slower contraction of 3.0 percent year-on-year at the end of May 2019. This contraction, the slowest recorded
WINDHOEK - Sanlam officially opened their brand-new fully-fledged office in Katutura, Windhoek, on Friday. Speaking at the opening of the new office, Sanlam Group CEO Tertius Stears said the opening of the Sanlam
The Namibia Statistics Agency is about to undertake one of the most important and significant aspects of the upcoming 2021 Population and Housing Census pre-enumeration activities. This process is called
WINDHOEK – Standard Bank Namibia has been recognised in a series of award wins at the Euromoney Awards 2019 for Excellence and took top spot as Namibia’s Best Bank.
WINDHOEK – The United States of America has unveiled an initiative called ‘Prosper Africa’ through which it aims to substantially increase two-way trade and investment with Africa. This ambitious initiative,
WINDHOEK - Namibia’s three-year old cutting-edge diamond marketing and sales company, Namib Desert Diamonds (PTY) Ltd (Namdia) and the country’s member-based mobilising force, Team Namibia, signed a Memorandum of Understanding (MoU) to commence with Namdia’s membership of Team Namibia and strategic partnership on 1 July 2019.
WINDHOEK – The annual inflation rate for June 2019 declined from 4.0 percent in June 2018 to 3.9 percent, while on a monthly basis it increased to 0.1 percent from -0.1 percent.
WINDHOEK – At the conclusion of the sixth ordinary meeting of the African Diamond Producers Association (ADPA) Council of Ministers that was held in Windhoek this week, Minister of Mines and Energy Tom
WINDHOEK – The Development Bank of Namibia (DBN) has announced that it will conduct visits to Kavango East, Kavango West and Zambezi, from 15 to 18 July 2019. The Bank recently opened an office in Rundu in
WINDHOEK - FlyWestair, Westair Aviation’s new scheduled passenger airline, has confirmed a new route between Windhoek’s Eros Airport and Ondangwa four times per week. The flights, which are scheduled for
WINDHOEK – The Namibia Food and Allied Workers Union (Nafau) is accusing Shoprite Group Namibia
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WINDHOEK – With 54 out of 55 African Union member states having signed the Africa Continental Free Trade Agreement (AfCFTA), the continent is on the verge of becoming the world’s largest free trade area
WINDHOEK – Nedbank’s Personal Loans Team is conducting a nationwide Financial Education Roadshow, targeted at Namibians working in both the private and public sectors. The financial education programme,
When thinking of moving packages, people, mail and goods, we automatically think of modes of transportation. Whether it is large ships, airplanes, trucks, trains, motors and mopeds, there are many
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WINDHOEK – Africa has the opportunity and potential to capitalise on its diamond resources if exploited in a responsible and sustainable manner. This message was delivered yesterday in Windhoek by Minister of
WINDHOEK - Bank Windhoek will again support the Economic Association of Namibia (EAN) with the maintenance and development of its institutional capacity to effectively manage its current and future projects.
WINDHOEK - The Association of Estate Agents of Namibia (AEAN) will host Namibia’s first ever Bank Windhoek Property Expo on Friday, 26 and Saturday, 27 July 2019.
WINDHOEK – The Oshikoto Region has been allocated N$224.1 million for its development budget for the 2019/2020 financial year. For the remainder of the Medium-Term Expenditure Framework (MTEF) this
WINDHOEK - The 2019 Smart Cities Africa Summit themed: “Co-creating smart cities in Africa – beyond the rhetoric,” took place in Johannesburg last week.
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WINDHOEK – Air Namibia has rubbished allegations that it will no longer service its only intercontinental route, saying that, despite some media reports, that there has been no decision to suspend or terminate its
JOHANNESBURG - South African President Cyril Ramaphosa backed Chinese technology giant Huawei on Friday at the 4IRSA digital economy summit in Johannesburg, where he outlined his government’s strategy to
WINDHOEK – Last year’s Economist Businesswoman of the Year award winner Hilja Amvula, who is the co-founder of a pig and poultry business, says the award was the fuel needed to boost the agricultural
WINDHOEK – A wholly owned Namibian firm private equity Eos Capital through its Allegrow Fund is set to acquire various stakes in the Eco Group of companies that are majority owned by successful local
WINDHOEK – Chief Economist at Capricorn Asset Management Floris Bergh said the South African
The mounting debt relating to South Africa’s state-owned entities is reflective of a wider problem in sub-Saharan Africa. Government borrowing in the region is spiralling out of control – and the public is being
JOHANNESBURG - Africa’s rising debt levels pose a significant threat to development. Statistics show
WINDHOEK – When Minister of Finance Calle Schlettwein tabled the national budget in March this year, he allocated just over N$300 million to the Oshana Region’s development budget for the 2019/20 financial year.
WINDHOEK – Bank Windhoek has announced its new fee structure, effected this week Monday, 1st of July. The bank announced that it has not increased its account management fees for transaction and all current
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WINDHOEK - The Roads Authority (RA) last week inaugurated its head office in Windhoek, which cost the Road Fund Administration (RFA) N$286 million.
Windhoek – The Bank of Namibia, Payment Association of Namibia and Namclear last week announced the discontinuation of cheques as a payment instrument within the national payment system.
WINDHOEK – The High Level Panel on the Economy that is tasked to attract investments worth N$15 billion over the next two years will this week submit its first recommendations to President Hage Geingob ahead of this month’s Economic Growth Summit.
WINDHOEK – Standard Bank is offering motorists who shop at Maerua Mall in Windhoek a quicker and more convenient way to pay for parking using Standard Bank’s PayPulse application, effective from Friday 28 June 2019.
WINDHOEK – FirstRand Namibia Chief Executive Officer Sarel van Zyl has assumed the chairmanship of the Bankers Association of Namibia (BAN), taking over from Standard Bank’s Vetumbuavi Mungunda. Van Zyl
WINDHOEK – Sanlam recently officially opened their brand new fully-fledged office in Katima Mulilo. The new office was opened as part of the company’s strategic focus of ‘Client First’, which sees the company putting their clients first in all aspects.
WINDHOEK – The 20th Northern Economist Businesswomen Conference was launched last week Thursday in Windhoek by Sara Elago, Patron and Namibian Businesswoman of the Year 1999. The
WINDHOEK - FNB is adamant that it continues to provide the best value to its customers through reduced banking fees and improved potential to earn rewards.
Windhoek – Air Namibia has confirmed that it will restore the frequencies of some of the flights that were suspended in early June. The restoration of these frequencies is effective from July 1. This development
WINDHOEK – The Bank of Namibia’s (BoN) latest Quarterly Bulletin has confirmed that activity in the domestic economy slowed during the first quarter of 2019, compared to the corresponding quarter in the previous year.
WINDHOEK – Non-bank financial institutions (NBFIs) continue to grow their asset base, despite domestic recessionary economic conditions. This was revealed in the annual report of the Namibia Financial
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WINDHOEK – The road has been cleared for China National Uranium Corporation (CNUC) to acquire the entire issued share capital of Rio Tinto Overseas Holding Limited (RTNH), after which CNUC will gain
WINDHOEK – The Development Bank of Namibia (DBN) has reported sound financial results for the year
WINDHOEK - The Namibian Competition Commission (NaCC) has fined PG Glass Namibia just over N$1.4
WINDHOEK - Keeping up with the latest global cybersecurity developments is vital not only for corporations
WINDHOEK – Ministry of Fisheries and Marine Resources last week held a consultative workshop on Namibia’s Sustainable Blue Economy Policy development that took place in Windhoek. The same exercise
WINDHOEK - At the recent Oshipe Annual Trade Fair fund raising gala dinner, FNB Namibia pledged its support with an amount of N$40 000.
WINDHOEK – Namibia and Germany on Monday signed an Inter-Governmental Bi-lateral Agreement. The agreement, signed by Minister of Finance Calle Schlettwein, and outgoing German ambassador to Namibia
Citizens of all countries have an obligation, by regulation, to contribute to and invest in the development of their country by paying taxes. Taxes are utilised for the development of infrastructure, provision of health and
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WINDHOEK – The Omusati Region has been allocated a development budget of N$260.3 million for the
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WINDHOEK – Namibian Ambassador to China Elia Kaiyamo yesterday welcomed the first batch of Namibian beef to China, which is the largest consumer market in the world. Kaiyamo welcomed the consignment of
WINDHOEK - Dr Licky Richard Erastus has been appointed MTC’s new Acting CEO. Dr Erastus takes over from Thinus Smit who served in the acting role for the past two and a half years. Dr Erastus currently holds the position of Chief Technical Officer at MTC.
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WINDHOEK – The 37MW Hardap Solar Photovoltaic (PV) Plant, which was commissioned outside
WINDHOEK - After hosting a successful Career Development Workshop earlier this year, Bank Windhoek has again partnered with the Namibia University of Science and Technology (Nust) and B360 Education
WINDHOEK - The Ministry of Mines and Energy (MME) contracted Namibia University of Science and Technology (Nust), through its Department of Mining and Processing Engineering (DMPE), to develop a
WINDHOEK – The domestic economy’s performance remained suppressed in the first quarter of 2019, recording a contraction of two percent compared to the decline of 0.5 percent recorded in the
WINDHOEK - The Public Relations Institute of Southern Africa’s (Prisa) Namibian chapter elected a new Executive Committee on Tuesday, at its first Annual General Meeting hosted at the Namibia University of
WINDHOEK - Embury Institute of Higher Education and Southern Business School of Namibia, are scheduled to host an Open Day on Saturday from 10h00 to 13h00. The two distance learning institutions
WINDHOEK – Debmarine Namibia yesterday confirmed financing for its brand-new N$7 billion (US$468 million) state-of-the-art mining vessel being built in Romania. While Debmarine Namibia will cover N$1.4
WINDHOEK – The date for the 2019 Namibia Economic Summit, as announced by President Hage Geingob during the last state of the nation address, has been confirmed to will take place on July 31 and August 1,
WINDHOEK - The northern preliminary round of the Nedbank National Kapana Cook-Off took place on
Research shows that there are a lot of reasons why Emerging Small and Medium Enterprises (ESME) fail.
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WINDHOEK – FNB sponsored N$80 000 towards the 12th Eenhana Expo, which will take place from July 29 to August 3. “Partnerships such as these are vital to establishing FNB as the most comprehensive end-to-end
WALVIS BAY – A consignment of 10 720 metric tons that will be used for the construction of the Mohembo
WINDHOEK - The Environmental Investment Fund (EIF) of Namibia has made more than N$1.9 million available to the Nyae Nyae Conservancy to help manage fire and water within the conservancy, thereby
WINDHOEK - Eqstra Fleet Services Namibia (Pty) Limited (EFS) have been rebranded as Omatemba Fleet Services (Pty) Ltd with effect from May 30, 2019. The word Omatemba, in both the Oshiwambo and Otjiherero languages, means a fleet of wagons.
WINDHOEK – The Ohangwena Region was allocated a total of N$268.2 million for its 2019/20
WINDHOEK - The Government Institutions Pension Fund (GIPF) has confirmed the recent appointment of Selby Sibeya, as the new Chief Executive Officer of Kuleni Fund Administrators (Pty) Ltd, a wholly owned
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WINDHOEK – The latest figures from the Namibia Statistics Agency (NSA) show that, based on the May 2019
WINDHOEK - The Namibia Statistics Agency’s first Quarter Trade Statistics indicates that the first quarter of 2019 recorded a trade deficit amounting to N$2.950 billion as compared to N$9.293 billion witnessed
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WINDHOEK - Industrialisation remains a main focus area for the Southern African Development Community (SADC) and through industrialisation the region aims to attain accelerated and sustainable
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WINDHOEK – The Ministry of Agriculture, Water and Forestry estimates that the approximate value of 75 000 tonnes of timber exported from Namibia during the first two months of 2019 is close to N$94 million.
WINDHOEK - Eqstra Fleet Services Namibia (Pty) Limited (EFS) have been rebranded as Omatemba Fleet Services Pty Ltd, with effect from 30 May 2019. The word Omatemba, in both the Oshiwambo and
WINDHOEk - The Wärtsilä Modular Block power plant solution is a pre-fabricated, modularly configured
WINDHOEK - The two-day Hospitality Association of Namibia (HAN) Tourism Congress and Tourism Awards Gala, which will take place on June 20 and 21, has received a major boost from Standard Bank,
WINDHOEK - Namibia Plastics (NP) has become the first plastic manufacturer in the country recognised as a leading industrialist on the global front. NP was last week accredited with a global British Retail
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WINDHOEK - Nedbank Namibia recently awarded bursaries amounting to N$400 000 to 13 students, through the bank’s newly established bursary programme.
WINDHOEK - The Bankers Association of Namibia (BAN) is warning the public of the latest scam whereby fraudsters use a new technique to scam clients out of their money. “In the scam fraudsters call clients
WINDHOEK - Eos Capital, a leading Namibian private equity firm, has confirmed that it will acquire the majority
WINDHOEK – The Namibia Airports Company (NAC) has not renewed a Ground Handling Agreement with
Many organisations spend a lot of time and effort building and developing robust risk mitigation frameworks and strategies to handle business-specific risks. In spite of constant monitoring through
WINDHOEK - A quick search for the definition of the word tourism provides you with the following - the commercial organisation and operation of holidays and visits to places of interest.
WINDHOEK – Namibia Wildlife Resorts (NWR) Board of directors have all been re-appointed for another three-year term by the Minister of Environment and Tourism (MET), Pohamba Shifeta.
WINDHOEK – Minister of Finance Calle Schlettwein is in Malabo in the Republic of Equatorial Guinea to attend the 2019 and the 54th Annual Meeting of the African Development Bank Group, as well as the 45th
WINDHOEK – Ticket sales open today (for the first FlyWestair passenger flights to Oranjemund with the flight for the newest entrant into Namibia’s passenger air travel scheduled for Monday, June 24, 2019.
WINDHOEK – The Kunene Region in the far northwest corner of the country has been allocated just over N$400 million in terms of the Development Budget for the 2019/20 financial year. The total budget for the
WINDHOEK – The age-old adage ‘time is money and money is time’ relates more often than not to the business community. It is in this regard that the Namibia Chamber of Commerce and Industry (NCCI) has
In the year 2021, Namibia will be conducting a Population and Housing Census, which is commonly known as the exercise which counts people. However, there is much more to a census than only counting people.
State-owned enterprises (SOE) fulfil significant social and economic roles. This is why members of the
WINDHOEK – Chinese Ambassador to Namibia, Zhang Yiming, has urged Namibian companies to capture the ‘golden chance’ provided by the first China-Africa Economic and Trade Expo to be held in Changsha, the
WINDHOEK - Minister of Works and Transport John Mutorwa earlier this week visited the Walvis Bay Corridor Group (WBCG) head office in Windhoek to better acquaint himself with the company’s activities.
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.
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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
Namibians are proud people, we are proud of our country, our heritage and of local products.
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.
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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
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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 - 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.
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
You pay a monthly premium to have insurance when it matters most. But if you don’t adhere to policy rules you might end up losing out. Ensure this important cover is able to serve its purpose by following these simple rules.
WINDHOEK - Mobile Telecommunications Limited (MTC) has urged the public to refrain from entering base transmitter stations and to stop vandalising the network sites.
Each of the companies in the graphic is a household name, even in Namibia, where we don’t even have access to all their products or services.
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.
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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.
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).
WINDHOEK - Sanlam last week opened its new office in Outapi. Located at the Outapi shopping mall, the new office was opened with the aim of taking services closer to the people of Outapi and nearby towns.
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 – Namibia’s overall rental prices per square meter have increased steadily year after year despite the fact that the sizes of properties rented have continued to decrease across the country.
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.
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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.
WINDHOEK – Namibia’s financial system remained resilient in 2018 despite subdued economic activity, a financial
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.
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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.
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.
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 - Many graduates can benefit by adopting good money management principles early in their careers to ensure a stable and stress-free financial future.
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 Bank of Namibia (BoN) yesterday declared dividends of N$294 million to the state revenue fund. The dividend is from the 2018/2019 financial year.
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.
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WINDHOEK - The Ministry of Mines and Energy has decided to keep local fuel prices stable and unchanged for April 2019.
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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.
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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 – The Capricorn Group recently hosted yet another thought-provoking ‘Inspire’ event that topped the Group’s calendar as the fourth signature Inspire gathering.
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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
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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,
