Business

FNB’s second-quarter Residential Property Report states that although property market sentiments may appear to point to a further decline in house prices due to expected distressed sales, the bank nonetheless believes the downward trend has seemingly reached its pinnacle for two reasons.

Taxi drivers in Windhoek are concerned that their daily income dropped by as much as 60% during the past months due to the Covid-19 pandemic.

Despite the rejection by the Namibian Competition Commission (NACC) of the proposed acquisition of Schwenk Namibia, which owns the majority shares in Ohorongo Cement, by West China Cement, Schwenk International in Germany has confirmed further interest to sell its Namibian subsidiary SCHWENK Namibia (PTY) Ltd.

According to the International Monetary Fund (IMF), public infrastructure investment will play a key role in the ability for countries to recover from the pandemic. 

Old Mutual delivered food parcels valued at over N$95 000 that will benefit 155 households in the Kavango East region.

The Nyae Nyae and N#a Jaqna conservancies have received an International Union for Conservation of Nature (IUCN) Save our Species grant, funded by the European Union.

Hangala Group has confirmed the appointment of Trofimus (Trophy) Shapange as the new managing director of Hangala Capital, effective from 1 October 2020.

Lack of constituency development funds has been identified as a barrier to development.

The insurance industry in Namibia has recorded N$12 billion in free assets to date.

Tightened standards for food production have been enforced by governments to address growing concerns on consumer health.