The Ohlthaver & List (O&L) Group this week confirmed that Mokuti Etosha Lodge, a property of its subsidiary O&L Leisure, will undergo full renovations. As a result, the lodge will be closed from 22 March 2022 for a period of 12 to 15 months for the envisioned refurbishments to be completed.
The macroeconomic framework needs to be complemented by a range of reforms that are within government’s control.
4Sight Namibia, a division of JSE-listed South African technology company, 4Sight Holdings, recently launched its Namibian extension.
Execution is one of the heartbeats of any business productivity, yet it has proven to be a challenge for many institutions.
The majority of pilots of the now-defunct national airline had no choice but to accept contracting work outside the country when Air Namibia was forced into voluntary liquidation about a year ago.
When finance minister Iipumbu Shiimi tabled the 2022/23 national budget last week, he said the budget deficit is projected to reduce to about 5.6% of GDP in the coming financial year.
The mines and energy ministry last week confirmed the discovery of light oil in the Venus well of the joint venture between TotalEnergies (40%), QatarEnergy (30%), Impact Oil and Gas (20%) and the National Petroleum Corporation of Namibia (10%).
Government is pursuing energy independence from a troubled Eskom and from the rest of its neighbouring countries in an effort to reduce the cost of electricity and thereby attract more meaningful investment.
The Development Bank of Namibia (DBN) signed an agreement on Friday, 25 February 2022 to finance a solar park at Rosh Pinah. With this latest agreement, the DBN’s commitment to the field of renewable energy amounts to N$1.038 billion, encompassing finance for 87.9 MW from 13 projects.
Last week, a unique blend of young entrepreneurs, seasoned senior executives and finance experts gathered for the B2Gold Jumpstart Pitch Event. Invited guests witnessed six startup talents participating in the Jumpstart incubation programme funded by B2Gold Namibia.