Business

WINDHOEK – Namibia Desert Diamonds (Namdia) yesterday declared a dividend of N$80 million to the government.

WINDHOEK – The Grove Mall of Namibia has announced a step in a new direction, including making slight changes to its name, while sporting new colours.

GENEVA - Similar to 2019 performance, African airlines are again expected to make a massive collective loss of US$200 million (about N$3 billion) in 2020 mainly due to structural problems of high costs mostly as a result of government taxes and fees as well as low load factors.

WINDHOEK - Namibia Wildlife Resorts (NWR) and Namibia Public Workers Union (Napwu) have announced the finalisation of their revised recognition agreement that follows the recent 2018/2019 wage negotiations that were successfully concluded by the two parties in September 2019.

WINDHOEK – Economic performance in the Southern African Customs Union (SACU) remains subdued, with most countries projected to grow by between 0.5 percent and 4.2 percent in 2019.

WINDHOEK - Local consumers were granted some marginal relief when the Monetary Policy Committee (MPC) of the Bank of Namibia (BoN) yesterday confirmed that the repo rate will remain unchanged at 6.50 percent. 

WINDHOEK - The Minister of Industrialisation, Trade and SME Development Tjekero Tweya this week confirmed he will soon introduce new poultry product import restriction measures aimed at supporting domestic production, which in turn will restrict the issuing of the import quotas.

WINDHOEK - Single men are now the fastest growing group of home owners, accounting for 42 percent of total home transaction volumes.

The end of another year is rapidly approaching and all thoughts are on the festive season, as it is the season of giving.

WINDHOEK – The Windhoek Country Club Resort and Casino (WCCR) handed over N$6 million in preference shares to its shareholder, the government, through the ministries of public enterprise, as well as environment and tourism yesterday. The event took place at the Country Club grounds, where representatives from the government met the hotel’s management team.