Business

WINDHOEK - In the latest FNB Residential Property Report, FNB’s Group Economist, Ruusa Nandago, states that the FNB House Price Index plunged further into negative territory at the end of September 2019, reaching a historic low of -5.1 percent y/y compared to 2.0 percent recorded over the same period last year.

WINDHOEK – Local electricity generation decreased last year mainly as a result of inadequate water inflow into the Ruacana hydropower plant.

WINDHOEK – The Orano Mining Namibia yesterday announced its internal restructuring process, culminating in the appointment of Tommie Gouws as managing director in the place of Hilifa Mbako, who will now become the executive chairperson. 

WINDHOEK- Khomas regional council’s Windhoek East constituency office has once again demonstrated that it remains at the forefront of driving self-employment in its community when owners of income generating projects recently received equipment or materials worth N$150 000 as part of efforts in fulfilment of government promise of assistance to the citizens in accordance with the policy of job creation strategies in all the constituencies.

WINDHOEK – Mortgage lending continued to dominate commercial banks’ credit exposure basket over the year to the end of the third quarter of 2019.

The central government’s budget deficit is estimated to narrow during 2019/20 when compared to the preceding fiscal year, which is mainly due to an increase in revenue as a result of higher SACU receipts.

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