Bank Windhoek has confirmed its main branch in the capital, as well as the Auas Valley and Ashirwad agencies that are served from that branch, were closed over the weekend after one of the branch’s employees tested positive for Covid-19. As a precautionary measure, the branch was disinfected and all co-workers were sent home to...
The Deputy Minister of Information and Communication Technology (MICT), Emma Theofelus, as well as the Bank of Namibia governor Johannes !Gawaxab have been named among the 100 Most Reputable Africans by Reputation Poll International, a leading global reputation-management firm. The list features 47 women and 53 men from diverse sectors, including leadership, entertainment, advocacy, education...
The Communications Regulatory Authority of Namibia (CRAN) yesterday confirmed the issuance to the Windhoek City Council of a Class Comprehensive Telecommunications Service Licence, with additional licence conditions imposed. The licence is effective from 24 July. CRAN hosted a public hearing on 15 July on the application for reconsideration submitted by Paratus Telecommunications (Pty) Ltd on...
A deplorable state of affairs regarding the completion of infrastructure and capital development projects throughout the country has surfaced through a report requested by President Hage Geingob and commissioned by works and transport minister John Mutorwa. The final report, which was completed at the end of June 2020, confirmed that a trifling 54 capital projects...
Bärbel Kirchner The coronavirus outbreak comes at a time when Namibia was already struggling to return to higher growth levels. Since 2016 Namibia has experienced an economic downturn, and indeed a devastating recession. This situation has been further exasperated by the global pandemic and efforts to contain the spread of Covid-19 and to avoid a...
LONDON – Gold soared to a record high on Monday as investors rushed into the safe-haven commodity on concerns about heightened China-US tensions, a spike in virus infections and a lack of progress on a new stimulus bill in Washington. “Always a sign of trouble, gold continued its red hot streak on Monday, the haven...
Business that have incurred losses due to Covid-19 and who have Contingent Business Interruption (CBI) cover with Santam will receive up to N$30 million in urgent relief funding. The payments from Namibia’s largest short-term insurer will be made to its clients in the hospitality, leisure and non-essential retail services industries. The aim of the relief...
China National Nuclear Corporation (CNNC) Rössing Uranium has cautioned that while global uranium prices are expected to recover in the medium to long-term, the gradual recovery may take another five years. In its latest report to stakeholders, the uranium miner noted that moderate demand growth and subdued supply will drive a gradual price appreciation. “The...
One of the biggest concerns the Construction Industries Federation of Namibia (CIF) has regarding the Namibian Equitable Economic Empowerment Bill (NEEEB) is if, indeed, it will bring about the desired results. In its current format and the latest draft of NEEEB, it is made clear that “empowerment beneficiaries” are to be recipients of the benefits...
JOHANNESBURG – South Africa’s government will work with social partners in the coming weeks to finalise an economic recovery programme whose key target will be to protect and create jobs as the economy is buffeted by the Covid-19 pandemic, President Cyril Ramaphosa said on Monday. In a weekly newsletter, Ramaphosa said the health crisis –...