Business

WINDHOEK – The Payment Association of Namibia (PAN) has introduced a brand-new solution called NamPay that the association feels can present an incredible opportunity for the Namibia National Payment System (NPS) to be among the most technologically advanced on the continent. 

WINDHOEK – The total development budget for the //Kharas Region for the 2019/20 financial year, as tabled by Finance Minister Calle Schlettwein, on March 27, stands at N$695 994 000. Thereafter, during the remainder of the Medium-Term Expenditure Framework the region’s development budget is expected to reduce to N$682 441 000 during 2020/21 and then to N$640 024 000 for 2021/22. 

WINDHOEK - Team Namibia’s Team Talk event on Thursday last week, focusing on shaping the future with mental power,ue is very apt considering the stage Namibians find themselves in their personal and business lives. Team Namibia as an institution believes success can be achieved with optimism and a positive mindset. 

WINDHOEK - Many graduates can benefit by adopting good money management principles early in their careers to ensure a stable and stress-free financial future. 

WINDHOEK – The world’s largest aerospace company, Boeing, now faces the dauting task of convincing aviation regulators, airlines and the flying public that its planes are safe after its top brass admitted that a failure in the single-aisle 737 Max jet’s anti-stall system, MCAS, was a factor in last month’s Ethiopian Airlines crash.

WINDHOEK – The Trade Union Congress of Namibia (Tucna) has voiced its disappointment in the 2019/20 national budget, particularly the government wage bill. According to Tucna’s Secretary General, Mahongora Kavihuha: “The crux of our argument is that for the minister to pass a budget that is progressive, it must still focus on leading the economy out of its current stagnation through increased wages for employees of the civil service.”

WINDHOEK – The Namibian Competition Commission (NaCC) yesterday confirmed it has not yet received any application to approve the billion-dollar acquisition of a 100 percent stake in Schwenk Namibia (Pty) Ltd, which is a majority shareholder of Ohorongo Cement based near Otavi.

WINDHOEK - The Chamber of Mines in Namibia this week lauded the local mining sector as the best performing economic sector in 2018. This top performance was confirmed by the Preliminary National Accounts as released by the Namibia Statistics Agency, which indicated that the sector recorded a strong growth rate of 22 percent compared to 13.3 percent in 2017, which is more than any other economic sector.  

WINDHOEK – The Bank of Namibia (BoN) yesterday declared dividends of N$294 million to the state revenue fund.
The dividend is from the 2018/2019 financial year.

WINDHOEK - The Dare to Care Fund shot up to N$4 million last week after a donation of N$385 000 by Old Mutual which means that 76 000 bags of fodder will be subsidised with N$50 per bag. A meeting was held last Friday where all retailers agreed about final rules for implementation. The target date for national implementation is next week Monday.