Major stock markets slumped yesterday, with the biggest falls in Paris and Hong Kong, as investors fretted over the prospect of more US interest rate hikes and the risk to the global economy.
Business
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Ondangwa trade fair reopens after Covid trauma
The Ondangwa Trade and Industrial Exhibition (OTIE) finally returned with a bang, and business is back better than ever. The trade fair was closed for the past three years due to Covid-19.
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MUN concludes wage agreement with Osino
The MineWorkers Union (MUN) and Osino Gold Exploration have concluded a wage agreement whereby all Osino employees within the bargaining unit earning a basic salary of N$6 000 and below will receive an increase of 8% on the basic wage.
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OATF exhibitors and visitors flock to annual fair
Thousands of people are braving the blistering heat of the north and continue to flock to the Ongwediva Annual Trade Fair (OATF), which has been on hold for the past two years due to the Covid-19 pandemic.
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Messika adds value-addition for Namibian diamonds
Andre Messika Diamond, a supplier of polished diamonds to the luxury jewellery market that recently opened a polishing factory in Windhoek, this week opened the very first parcel of Namibian rough diamonds purchased from Namib Desert Diamonds.
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ANIREP, IFC seek local renewable energy expansion
Alpha Namibia Industries Renewable Power Limited (ANIREP) and the International Finance Corporation (IFC) have entered into a collaboration agreement to determine the viability of developing a 10 to 20 MW independent solar power plant to pilot the new Modified Single Buyer Model in Namibia.
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EU commits N$627 million for Namibia until 2024
The European Union has officially adopted its multi-annual indicative programme for Namibia for 2021 to 2017. Through this programme, the EU commits to provide N$627.3 million (37 million euro) for the initial period of the programme, running from 2021 to 2024.
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Empowering entrepreneurs through Mibagu
One can have a great idea but if no one knows about it, the idea simply does not exist, hence good marketing is pivotal to the success of any business.
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Study shows viability of railway line to Katima
The Final Feasibility Study (FFS) for the Trans-Zambezi Railway Extension from Grootfontein to Rundu and Katima Mulilo, which was commissioned by the works and transport ministry, has been completed.
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Spending in the right places will push recovery
Local economist Robert McGregor believes government is spending money in the wrong places that will never translate into driving the economy forward. During an economic outlook discussion last week, he stressed the importance of utilising the development budget to drive long-term growth.