WINDHOEK - B2Gold Corporation last week handed over a ground-breaking donation of 1 000 ounces of Namibian gold representing a monetary value of N$25 million.
Business
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Namibian IPP offering 120MW supply to Eskom
WINDHOEK - Namibian independent power producer Arandis Power says it is offering the South African utility Eskom 120MW of flexible power generation capacity within the framework of the Request for Information (RFI) that was issued on 13 December 2019 by the South African Department of Mineral Resources and Energy in respect of a “Risk Mitigation Power Procurement Programme”.
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40% of contractual savings invested in local economy
WINDHOEK – Kenneth Matomola, the chief executive officer (CEO) of the Namibia Financial Institutions Supervisory Authority (Namfisa), revealed yesterday that 40% of contractual savings are invested in the local economy with the remaining 60%
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Development bank cautions on ‘instant business plans’
WINDHOEK – The Development Bank of Namibia (DBN) has cautioned the public on ‘instant business plans’ that are being promoted on various social media for SMEs and skills-based youth finance.
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Have you set your financial new year’s resolutions?
WINDHOEK – It is a new year and for many people, this is the time to start afresh by setting new goals. In the midst of setting new goals, it is important to also include financial resolutions.
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De Beers rough diamond production decreased by 7.8 million carats
WINDHOEK – De Beers rough diamond production decreased by 15% to 7.8 million carats, driven by lower production levels in South Africa and Botswana. This was stated by Anglo American in its production report for Q4 which was released last week.
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RA moves on to final stretch of Whk to Okahandja road
WINDHOEK – The Roads Authority (RA) yesterday celebrated the completion within the stipulated timeframe and within budget of Section 4A of one of the busiest roads in the country, namely the freeway between Windhoek and Okahandja. Section 4A is comprised of 27.6 km of road which has now also been upgraded from a dual carriageway to a four-lane freeway.
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Central bank’s international reserves decline to N$32.3 billion
WINDHOEK – The stock of international reserves held by the Bank of Namibia (BoN) declined both on an annual and quarterly basis at the end of the third quarter of 2019, Bank of Namibia governor Iipumbu Shiimi said in the central bank’s quarterly report for Q3 2019.
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Team Namibia and Finland assist SMEs to run viable businesses
WINDHOEK – At the conclusion of Team Namibia’s entrepreneurial training programme, which was funded by the Embassy of Finland to the value of N$1.76 million, the member-based organisation honoured the owners of 16 outstanding Katutura-based small and medium enterprises (SMEs). To this end an award ceremony was held at Xwama Cultural Village in Katutura, Windhoek on Thursday, 23 January 2020.
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Fresh grapes exports improve to N$839 million
WINDHOEK – Good news for grape producers is that despite a downturn in the global economy, Namibian fresh grapes exports for 2019 continued to increase, recording a value of close to N$840 million and over 33 million kg in net-weight shipped out. This is more than double the revenue generated by fresh grapes exported in 2015, which produced around N$407 million in sales.