Business

The Communications Regulatory Authority of Namibia (CRAN), without necessarily responding to all the matters raised, has issued a statement on the issue pertaining to the laying of fibre optic cables in the municipal boundaries of the City of Windhoek by Paratus Telecommunications (Pty) Limited. 

The Bank of Namibia has confirmed it will launch a commemorative banknote on 21 March 2020. The Bank is mandated by the Bank of Namibia Act 1997 (Act No. 15 of 1997) as amended, to issue banknotes and coins as legal tender in Namibia.

The Electricity Control Board (ECB) of Namibia recorded an increase in total revenue of 3.6% from N$86.3 million from the previous financial year to N$89.4 million for the 2018/2019 financial year.

Botswana’s President, Mokgweetsi Masisi yesterday encouraged the Southern African Customs Union (SACU) Secretariat to consider sharpening collaboration with leading institutions relevant to its work.

Vivo Energy, the distributor and marketer of Shell branded fuels and lubricants in Namibia, rewarded high-performing truck drivers for the year 2019, at their Drivers Recognition Awards, during a ceremony held at the Protea Marriott Hotel in Walvis Bay. 

Despite an extremely challenging year for the Namibian economy coupled with the introduction of synthetic diamonds, Namib Desert Diamonds (Namdia) outperformed its target by an increase of 17% in gross profit compared to the previous financial year. 

Arandis Power has responded to environmental concerns raised regarding power plant driven by low sulphur heavy fuel oil through which it is has offered to supply South Africa’s Eskom with 120MW of electricity.

The Ministry of Labour, Industrial Relations and Employment Creation has confirmed that it will be training designated employers in all 14 regions of the country from today to 3 March 2020 on the Employment Service Act and the Namibia Integrated Employment Information System (NIEIS).

Green Enterprise Solutions (Green) and EstApp recently signed a memorandum of Understanding (MoU signalling the intention for Green to further develop EstApp’s real estate software application to ensure Namibians have all their real estate needs at their fingertips.

From the discussions during the recent 2020 Investment Summit, hosted by Nedbank Namibia and Simonis Storm, it is evident that deglobalisation is a structural transformation of the world economy and the risks thereof have not diminished.