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      RA moves on to final stretch of Whk to Okahandja road

      RA moves on to final stretch of Whk to Okahandja road

      2020-01-29  Edgar Brandt
      WINDHOEK – The Roads Authority (RA) yesterday celebrated the completion within the stipulated timeframe and within budget of Section 4A of one of the busiest roads in the country, namely the freeway between Windhoek and Okahandja. Section 4A is comprised of 27.6 km of road which has now also been upgraded from a dual carriageway to a four-lane freeway. 
      Central bank’s international reserves decline to N$32.3 billion

      Central bank’s international reserves decline to N$32.3 billion

      2020-01-28  Staff Reporter
      WINDHOEK – The stock of international reserves held by the Bank of Namibia (BoN) declined both on an annual and quarterly basis at the end of the third quarter of 2019, Bank of Namibia governor Iipumbu Shiimi said in the central bank’s quarterly report for Q3 2019.
      Team Namibia and Finland assist SMEs to run viable businesses

      Team Namibia and Finland assist SMEs to run viable businesses

      2020-01-28  Staff Reporter
      WINDHOEK – At the conclusion of Team Namibia’s entrepreneurial training programme, which was funded by the Embassy of Finland to the value of N$1.76 million, the member-based organisation honoured the owners of 16 outstanding Katutura-based small and medium enterprises (SMEs). To this end an award ceremony was  held at Xwama Cultural Village in Katutura, Windhoek on Thursday, 23 January 2020.
      Fresh grapes exports improve to N$839 million

      Fresh grapes exports improve to N$839 million

      2020-01-27  Staff Reporter
      WINDHOEK – Good news for grape producers is that despite a downturn in the global economy, Namibian fresh grapes exports for 2019 continued to increase, recording a value of close to N$840 million and over 33 million kg in net-weight shipped out. This is more than double the revenue generated by fresh grapes exported in 2015, which produced around N$407 million in sales. 
      No respite expected for small businesses this year – Cirrus Securities

      No respite expected for small businesses this year – Cirrus Securities

      2020-01-24  Staff Reporter
      WINDHOEK – The Economic Outlook for 2020 by Cirrus Securities, a company started in 2017 with a focus on corporate advisory, capital raising and research, predicts that small businesses in Namibia are expected to remain under pressure during 2020. As a result, and depending on the severity of new government policies, Cirrus expects that many small businesses will either close their doors, or lay o
      NamibRe improves credit rating while global industry struggles

      NamibRe improves credit rating while global industry struggles

      2020-01-23  Staff Reporter
      WINDHOEK – Namibia National Reinsurance Corporation Limited (NamibRe)’s national scale financial strength rating was upgraded by GCR Ratings on 18 December, 2019, to AA-(NA), from A+(NA), with the outlook accorded as stable.
      SACU and UK sign MoU

      SACU and UK sign MoU

      2020-01-22  Staff Reporter
      WINDHOEK - Executive Secretary of the Southern African Customs Union (SACU) Paulina Mbala Elago and the United Kingdom’s director for economic diplomacy at the Foreign & Commonwealth Office (FCO), Lewis Neal, recently signed a Memorandum of Understanding (MoU) to support implementation of the ongoing SACU Customs Modernisation Programme.
      Rental index records smaller contraction

      Rental index records smaller contraction

      2020-01-21  Staff Reporter
      WINDHOEK - FNB Namibia’s latest rental index report, which was released yesterday, confirms that growth in rental prices remains in contractionary territory with the FNB Rent Price Index, recording a contraction of 1.9 percent at the end of September 2019, compared to a contraction of 8.6 percent over the same period last year.
      Construction sector has picked up with recovery

      Construction sector has picked up with recovery

      2020-01-20  Staff Reporter
      WINDHOEK – Activity in the construction sector, which is an excellent barometer of economic strength, started with a gradual recovery during the third quarter of 2019.