Business

WINDHOEK - Valco Pipes is in the process of being acquired by Heat Exchange Products, a company founded by Henning Mercker and recently majority-owned by local private equity firm Eos Capital. The

Namibians are proud people, we are proud of our country, our heritage and of local products.

WINDHOEK – The Khomas Region, which is the seat of central government and where the capital city is situated, has been allocated N$2.437 billion for its developmental needs during the 2019/2020 financial year.

WINDHOEK – Unleaded fuel and diesel will increase by 30 cents per litre as of this Wednesday, June 5.

WINDHOEK – A group of 16 disgruntled Traditional Authorities (TAs) has warned government that the continued sale of land to foreign nationals at the expense of those who lost their ancestral land might spark civil unrest. 

We live in times where fraudsters look like neighbours and sound like friends. When it comes to private- and payment card information, make sure you understand how social engineering can be used to compromise your financial security. 

Karibib Constituency Councillor, Melania Ndjago, is adamant that Namibia must introduce a clear and concise law such as the Electronic Communications and Transactions Act in line with the South African Act, noting that externalisation of money is a criminal act.

The Kavango West Region has been allocated N$257 245 000 in the 2019/20 financial year for its development budget. For the remainder of the Medium-Term Expenditure Framework (MTEF), the development budget for this region increases to N$331 992 000 in 2020/21 before reducing marginally to N$327 849 000 for the 2021/22 financial year.

Late last week, the Minister of Finance, Calle Schlettwein, issued an economy-wide procurement directive on the reservation of procurement of goods, services and works to local suppliers in terms of Section 73 of the Public Procurement Act. 

As the Namibian construction sector continues to find itself between a rock and a hard place, the Construction Industries Federation of Namibia (CIF) continues to advocate and engage with senior officials and government ministers to maintain efforts of raising awareness of the need to support the local construction sector.