The Central Procurement Board of Namibia (CPBN) has labelled allegations of misconduct in awarding a contractor for the Omburu solar energy plant as “baseless, devoid of any truth” and “rejected with the contempt that it deserves”.
Business
Local beverage demand drops significantly
The composite index of beverages, consisting of alcoholic and non-alcoholic beverages, recorded 79.5 basis points in August 2020, which is a decrease of 6.7% points and 44.3 percentage points when compared to July 2020 and August 2019, respectively.
Modernisation needed to increase local agri-production
The current global economic downturn due to the Covid-19 pandemic, climate change and climate variability has negatively impacted economies around the world, and Namibia is no exception.
Opinion – The Online Scam Industry (Part 2)
In many countries, Cybercrime is starting to overtake physical crime both in terms of incidents and losses.
PERSONAL FINANCE COLUMN – Four things you can do to improve your finances
Although we are inclined to look at our finances with a long term view, your financial situation should be comprised of many smaller goals, decisions, and activities that are easier to manage.
EIF receives certificate of merit
The Environmental Investment Find of Namibia (EIF) recently received a certificate of merit and was among the most decorated institutions at this year’s Karlsruhe Sustainable Finance Awards & Certification Ceremony, which was held at the Achat Hotel in Karlsruhe, Germany on 30 September 2020.
Local company fabricates parts for advanced new mining vessel
Debmarine Namibia is adamant its business can provide a strong base for economic growth in Namibia.
Repo rate left unchanged at 3.75%
The Monetary Policy Committee (MPC) of the Bank of Namibia has decided to keep the Repo Rate unchanged at 3.75%.
MTC invests heavily in rural electrification
Namibia’s first telecommunications company, MTC, is leading the way in rural electrification.
GIPF invests in homegrown asset managers
The Government Institutions Pension Fund (GIPF) has confirmed the introduction of its incubation assets management programme, which commenced in 2019.