Business

Lüderitz – The Namibia Chamber of Commerce and Industry (NCCI) Lüderitz branch on Saturday re-elected Manu Namukomba as its chairperson, deputised by Inocencio Verde, during the annual general meeting (AGM) that took place at the Nest Hotel. 

WINDHOEK – The Kudu Gas to Power project, which has in the past been hailed as the answer to Namibia’s electricity woes, has seen a revival by BW Kudu Limited, who says recent technological advancements as well as a consistent market for reliable economic energy makes the electricity project viable.

WINDHOEK - Air Namibia’s Board of Directors has confirmed the appointment of Xavier Masule as interim Chief Executive Officer (CEO) for the national airline until a substantive CEO is appointed.

WINDHOEK – Following serious allegations of interest rate discrimination by First National Bank in South Africa, the Bank of Namibia says it is not aware of any discriminatory rules applied on banking products by any local banking institution.

WINDHOEK – Air Namibia has confirmed the resignation of its Acting Executive Head, Adv Mandi Samson, who has tendered her resignation in order to pursue other opportunities.

WINDHOEK – The University of Science and Technology (Nust) this week hosted its annual career fair under the theme ‘Catalysing youth empowerment for the Fourth Industrial Revolution’.

WINDHOEK - Hangala Group, a diversified holding company wholly-owned and controlled by Namibians, this week announced the establishment of a Trust to hold shares in the company for the benefit of the company’s employees.

WINDHOEK – Paratus, the only Namibian telecommunications service provider to be active internationally, plans to invest a further N$114 million in local infrastructure during 2019.

WINDHOEK - Philip Chapman has been appointed as the new Executive Officer of FNB Namibia Commercial. In his new role Chapman will be responsible for FNB Commercial Banking, which includes, SME; Tourism; Agriculture; Franchise;

WINDHOEK - The Government Institutions Pension Fund (GIPF) has urged all annuitants such as pensioners, children and spouses that receive a monthly pension benefit from GIPF to visit their nearest GIPF office to register for Biometrics.