Keetmanshoop Mayor Gaudentia Kröhne says that in a sense informal housing is one of the most serious obstacles to democracy and sustainable development. The mayor made these remarks at the official site handover for the construction of 77 National Housing Enterprise (NHE) houses here on Wednesday. “I believe that allowing our people to continue dwelling...
The Government Institutions Pension Fund (GIPF) has confirmed Namibia’s first largescale commercial blueberry harvest, produced by the Mashare Berries project, which forms part of the Spitz Capital Fund anchored in the GIPF unlisted investment programme. The project is situated 50km east of Rundu on the banks of the Kavango River. Mashare aims to harvest an...
Bank Windhoek this week published its first Green Impact Report which details projects that received funding from its NSX listed Green Bond proceeds and highlights the core environmental impact indicators on a project level basis. The impact indicators are derived from the bank’s Green Bond Framework and the International Capital Market Association’s Green Bond Principles....
Clarifying the practice of forex trading in Namibia, the central bank has reminded prospective traders that the exchange or conversion of the Namibian Dollar into any foreign currency is heavily regulated to control the use of the country’s foreign currency reserves in the best interest of the economy. This comes after a local lawyer, Kadhila...
Bank Windhoek has confirmed that one of its Walvis Bay branch staff members has tested positive for Covid-19. This follows the closure of the bank’s Walvis Bay Branch on Thursday, 16 July 2020, due to a case of suspected contact with someone who tested positive for Covid-19. As a precautionary measure, the Walvis Bay branch...
After more than 20 years, Namibia Wildlife Resorts (NWR) managed to record a profit for the first time since it was created in 1999. According to NWR chairman Ambassador Leonard Iipumbu, the institution recorded a profit of N$22 million this past financial year, which he noted is a N$41 million improvement on the 2018 financial...
The annual percentage change in the producer price index (PPI) for manufacturing of cement, lime and plaster was stagnant during the first quarter of 2020, compared to the 9.2% deflation recorded during the same period last year. The PPI measures the rate of change in the prices of goods and services bought and sold by...
London – Two studies offered new hope of a potential vaccine for the novel coronavirus on Monday, as the World Health Organisation warned about a possible acceleration of the disease in Africa. Seven months after Covid-19 was first identified in China and has since killed more than 600 000 people worldwide and battered economies, there...
Brussels – European leaders yesterday agreed on a massive aid package for their pandemic-ravaged economies, as President Donald Trump changed his tune in favour of face masks as a tool against the coronavirus in the United States. The virus has infected more than 14.6 million people and killed over 600 000 of them since it...
FNB Namibia has confirmed that all their branches will revert to a rotational operations model for the foreseeable future. “This means that every branch will operate on a 50% staff capability only, in order to curb branch activities, thereby assisting government in containing the spread of the virus,” advised Rodney Forbes, FNB executive officer: points...