Pupkewitz Megabuild has introduced SpecTiles, a new subsidiary to the group. Through the new subsidiary, the group continues to expand its product and service offering in line with the Pupkewitz Group’s ethos of ‘Customer Satisfaction through Service Excellence’. SpecTiles by Pupkewitz Megabuild is now a one-stop interior and exterior living store, providing customers with a...
A major concern for the Construction Industries Federation (CIF) is the timing of possible implementation of the Namibian Equitable Economic Empowerment Bill (NEEEB). The CIF leadership feels that by considering the current economic environment, coupled with a four-year running recession and the further impact of Covid-19 on the domestic economy, effort should be made to...
Local generation of electricity increased, both year-on-year and quarter-on-quarter, in the first quarter (Q1) of 2020, mostly due to high rainfall. The local generation of electricity increased significantly by 82%, year-on-year, to 778.2 million kilowatt-hours. According to the Bank of Namibia’s Q1 quarterly bulletin, the significant increase was due to an adequate inflow of water...
The Development Bank of Namibia (DBN) this week suspended an additional three employees, bringing the total to seven suspended staff as a result of its investigation into alleged misconduct in allocating finance, which was announced at the end of April 2020. The bank suspended the previous four employees pending an investigation into an alleged breach...
Lavinia Shikongo As a responsible corporate citizen, MultiChoice Namibia (MCN) is adhering to the government’s national safety precautions and Covid-19 measures. Now, because we always put our customers and your needs at the heart of everything we do, we’re making it easier for you to adhere to those measures. We’re encouraging all our customers...
Following concerns expressed by the public about the state of pension funds, pension fund expert Marthinuz Fabianus, Managing Director of Retirement Fund Solutions (RFS) and a trustee of Benchmark Retirement Fund, has reassured the public about the health of pension funds under their administration. He explained that funds use a mix of investments, including international...
The Namibian Manufacturers Association (NMA) has condemned the decision by the government to repeal current manufacturing incentives, saying it will be a crippling blow to the industry. In a statement on Monday, NMA said by repealing these incentives, the already struggling manufacturing sector and the economy at large would be dealt a crippling blow.“The NMA...
GROOTFONTEIN – Hundreds of street vendors in Grootfontein are defiant on moving into the recently constructed open market. They argue the place is not strategically located and there is limited space to accommodate all. Showing their disapproval, over 200 street vendors staged a protest on Monday, petitioning the municipality to relook at the decision, while...
The Minister of Environment, Forestry and Tourism, Pohamba Shifeta has appointed five members to serve as the board of directors of the Environmental Investment Fund of Namibia (EIF) for a period of three years. Speaking at the appointment ceremony on Thursday, Shifeta said the EIF was established in 2011 to mobilise funding for the maintenance...
Salt Essential IT yesterday announced it has won of the 2020 Microsoft Partner of the Year Award. After winning three Diamond Arrow Awards at PMR in February 2020, and following their remote work solution empowering over 20 000 Namibian workers to work from home during the Covid-19 lockdown, Salt has again won the Microsoft Country...