President of the National Unity Democratic Organisation (Nudo), Utjiua Muinjangue, recently commented that a good road network is essential for every country and that road infrastructure is one of the most important public assets of any country.
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2020-09-172024-05-06Business
NSX overall share price declines significantly in Q1
The Namibian Stock Exchange (NSX) overall share price index fell to 900.32 by the end of the first quarter of 2020 and closed at 1306.36 points at the end of 2019, when compared with 1307.76 points at the end of 2018.
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2020-09-162024-05-06Business
On the spot – With Chantell Husselmann Country Senior Partner and Tax Leader, PwC Namibia
Chantell Husselmann became the Country Senior Partner at auditing firm PwC at the beginning of July 2020.
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2020-09-162024-05-06Business
GIPF distances itself from erroneous media report
The GIPF has distanced itself from an erroneous news report, which inaccurately reported that the fund, in partnership with the Grootfontein Constituency Office and the Grootfontein Municipality, built a house for a family and committed to paying the water and electricity bills of the owner.
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2020-09-162024-05-06Business
Covid-19 closed global doors for diamonds
The outbreak of the Covid-19 pandemic has shattered global demand for luxury goods, including Namibian diamonds. Kennedy Hamutenya, CEO of Namibia Dessert Diamonds (NAMDIA) said in the last quarter of the financial year, in mid-January, the diamond industry was severely impacted by the outbreak of the pandemic.
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2020-09-162024-05-06Business
Annual inflation slows down to 2.4%…pushed down by housing, water, electricity, gas and other fuels
The monthly inflation rate for August 2020 stood at 0.4%, which is an increase of 0.2 percentage points when compared to 0.2% recorded during July 2020.
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2020-09-152024-05-06Business
Old Mutual concludes regional food outreach
Old Mutual delivered food parcels in the Omaheke and Kavango West regions on Friday 11 September 2020, benefitting a total of 380 households and valued close to N$69 000 and N$60 000 respectively.
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2020-09-152024-05-06Business
Shortage of funds no excuse for infrastructure deterioration – Mutorwa
Minister of Works and Transport, John Mutorwa, has cautioned that while there is a lack of funds for many important projects, particularly as the country faces the daunting challenge of the Covid-19 pandemic, this is no excuse for the dilapidation of crucial infrastructure.
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2020-09-142024-06-21Business, International
Namibia records N$3.5 billion deficit for July
In July 2020, Namibia recorded a trade deficit of N$3.5 billion, after the country’s exports stood at N$5.9 billion and imports at N$9.4 billion.
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2020-09-142024-05-06Business
FirstRand profit before tax down to N$1.21 billion
The greatest health threat of a generation that has impacted every single economy in the world, the global Covid-19 pandemic, was the main reason that FirstRand Namibia’s profit before tax decreased by almost a quarter (23.7%), from N$1.58 billion in 2019 to N$1.21 billion this year.