Business

WINDHOEK - FNB Namibia, through the FirstRand Namibia Foundation Trust, last week donated N$1 million to the Dare to Care fund, which alleviates the plight of drought-stricken farmers. 

WINDHOEK – Rössing Uranium Mine increased its production with 17 percent in 2018 as it produced 2 479 tonnes of drummed uranium oxide compared with 2017’s production of 2 110 tonnes. However, the total mined tonnes were 24 percent below production targets following a mining slowdown to curtail the impact of water supply interruptions. 

WINDHOEK – The Bank of Namibia (BoN) continues to clamp down on dubious financial schemes operating in the country which, more often than not, prey on vulnerable Namibians during tough economic times.

WINDHOEK – The total Development Budget for the Erongo Region for the 2019/20 financial year, as tabled by Finance Minister Calle Schlettwein in March, stands at N$1.268 billion. Thereafter, during the remainder of the Medium-Term

WINDHOEK - Emerging managers are pivotal contributors to organisational performance and a vital link between frontline employees and the executive team in organisations as they are the backbone that sense and respond to various industry forces and drivers of a business to secure optimum performance.

WINDHOEK – Following an application from the national power utility, NamPower, the Electricity Control Board (ECB) approved a 2.5 percent tariff decrease, translating into an effective bulk tariff decrease from N$1.69 to N$ 1.65 per kilowatt-hour. However, the ECB has projected that consumer tariffs should remain at current levels based on inflationary impact as well as adjustments to distribution costs. 

WINDHOEK – The Frans Indongo Group officially launched its new Indongo Ford dealership at Oshakati recently. 
The dealership, which is the newest member of the Frans Indongo Group, opened its doors in Oshakati in 2018 to offer convenient service to people in the north. 

WINDHOEK – Namibia’s financial system remained resilient in 2018 despite subdued economic activity, a financial

Lüderitz – Seaflower Whitefish Factory on Friday launched it re-engineering project at Lüderitz, valued at N$57 million.
The project is part of the commitment by National Fishing Corporation of Namibia (Fishcor),  Seaflower Whitefish Factory’s state-owned parent company, to its strategic plan ending in 2021. 

SWAKOPMUND – Mines and Energy Minister Tom Alweendo says the discoveries of major oil reserves in Southern Africa will be of importance to Namibia, a country battling a volatile and challenging business environment, characterised by a slowdown in the economy.