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      Central bank leaves repo rate unchanged at 6.75%

      Central bank leaves repo rate unchanged at 6.75%

      2018-12-06  Staff Reporter
      The Bank of Namibia’s Monetary Policy Committee (MPC) yesterday revealed that the Repo rate, the rate at which commercial banks borrow from the central bank which in turn determines interest rates, has been left unchanged at 6.75 percent. The MPC said the rate remains appropriate to maintain the one-to-one link between the Namibia Dollar and the South African Rand, while supporting domestic econom
      N$32 billion invested in Namibian mines in four years

      N$32 billion invested in Namibian mines in four years

      2018-12-06  Edgar Brandt
      WINDHOEK – The mining industry continues to be a significant driver of domestic economic growth to the extent that during the last four years over N$32 billion has been invested in new mines and reinvestments. 
      Alternative payment methods as cheques are phased out

      Alternative payment methods as cheques are phased out

      2018-12-05  Staff Reporter
      WINDHOEK - As per the Payments Association of Namibia Public Notice on 16 November 2018, and the Bankers’ Association of Namibia’s notice, cheques as a payment method in Namibia will no longer be accepted as of 30 June 2019.
      New fresh Bahri season set to increase output

      New fresh Bahri season set to increase output

      2018-12-05  Staff Reporter
      WINDHOEK - Desert Fruit Namibia is one of only a handful of known producers of Fresh Bahri Dates in the Southern Hemisphere, and these dates, while relatively unknown in Europe and the US, remain a sought-after delicacy in the Middle East, with rising demand from the Muslim and Asian markets. 
      Namibia scoops two wins at startup awards

      Namibia scoops two wins at startup awards

      2018-12-05  Staff Reporter
      WINDHOEK - Out of the 15 categories, Namibia brought home two awards from the recent Southern Africa Startup Awards (SASAwards), which was held for the first time to celebrate and recognise the spirit of innovation and achievement in the startup ecosystem in the SADC region. SASA Namibia was represented by 11 regional winners from nine startups at the SASAwards grand finale that took place on 21 a
      Gobabis container terminal to enhance regional trade

      Gobabis container terminal to enhance regional trade

      2018-12-05  Staff Reporter
      WINDHOEK - TransNamib Holdings Ltd, and Botswana Railways (BR) recently signed a Memorandum of Understanding (MoU) in Gaborone, Botswana, which will culminate in the development and operation of a container terminal in Gobabis.
      NWR looks to Ghana to boost local tourism

      NWR looks to Ghana to boost local tourism

      2018-12-04  Staff Reporter
      WINDHOEK - Namibia Wildlife Resorts (NWR) recently returned from marketing and networking session in Ghana, aimed at luring Ghanaian visitors to their resorts. The event took place on November 30, 2018 in conjunction with Air Namibia’s local representative who gave attendees the benefits of flying with Air Namibia. 
      NamPower pays over N$60m dividend to government

      NamPower pays over N$60m dividend to government

      2018-12-04  Staff Report 2
      WINDHOEK – NamPower has declared a dividend of N$60.7 million to its shareholder, the government yesterday. The dividend was approved at the electricity utility’s most recent annual general meeting where the NamPower board of directors decided to declare the dividend for the financial year ended June 30, 2018.
      Board appointed at revenue agency’s D-day draws closer

      Board appointed at revenue agency’s D-day draws closer

      2018-12-04  Edgar Brandt
      WINDHOEK – The much-awaited operationalisation of the Namibia Revenue Agency (Namra) continued to gain momentum yesterday. With the announcement of its Board of Directors before the semi-autonomous agency, it is scheduled to commence at the beginning of March 2019. Namra was established at the end of 2017 with the promulgation of the Namibia Revenue Agency Act after Cabinet approval in 2013, and w