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      Early signs of recovery in housing market

      Early signs of recovery in housing market

      2018-09-06  Staff Reporter
      WINDHOEK - FNB Namibia has released the housing index based on figures obtained from June 2018. According to FNB analyst Josephat Nambashu, although house prices increased by 0.8 percent y/y in June, property prices remain under pressure, after a series of annual falls over the last nine months, to bring the average house price to just over N$1.2 million. “The continued drop in the economy and the
      Sectional Title  Act implemented to target defaulters - CoW

      Sectional Title  Act implemented to target defaulters - CoW

      2018-09-05  Edgar Brandt
      WINDHOEK - The City of Windhoek (CoW) recently announced the implementation of the Sectional Title Act of 2009 that requires owners of sectional titles to submit title deeds and related documents to the city by no later than September 30, 2018. A recent advertisement by the CoW in local newspapers warned that “failure to provide the required information by the due date will result in levying the v
      Namibian fuel up by 40c/l as prices approach global average

      Namibian fuel up by 40c/l as prices approach global average

      2018-09-05  Edgar Brandt
      WINDHOEK – At one minute past midnight last night motorists started forking out 40 cents a litre more on all petroleum products, bringing the price of petrol at Walvis Bay to NS12.95 per litre, diesel 500ppm to NS13.28 per litre and diesel 50ppm to NS 13.33 per litre. While the new fuel prices are astronomical for Namibians, these figures are still below but are fast approaching the current averag
      FNB celebrates female employees

      FNB celebrates female employees

      2018-09-04  Staff Reporter
      WINDHOEK - FNB Namibia held a breakfast celebration at the end August and Women’s Month under the theme ‘Grit and Perseverance.’ Elzita Beukes, Communications Manager at FNB Namibia said the purpose of the event was to celebrate female employees at FNB and to inspire them to be resilient even when times get tough. Speaking at the event, Nangula Kauluma, FNB Executive Officer: Premium Banking highl
      Young entrepreneur advises reinvesting in your business

      Young entrepreneur advises reinvesting in your business

      2018-09-04  Staff Reporter
      WINDHOEK – A Walvis Bay native spent two years in the United Kingdom on a working holiday, John Weber started out cleaning construction sites in the UK but always knew he would come back home. On his return, he held several jobs and eventually walked away from his last position to start his own business.
      Private sector credit extension increased for 13 consecutive months

      Private sector credit extension increased for 13 consecutive months

      2018-09-04  Staff Reporter
      WINDHOEK - The Bank of Namibia (BoN) recently released selected statistical data for July 2018 that indicates that accumulated private sector credit extension (PSCE) to businesses and individuals now amounts to over N$93 billion. 
      Cabinet to decide on entrance to Single African Air Transport Market

      Cabinet to decide on entrance to Single African Air Transport Market

      2018-09-04  Edgar Brandt
      WINDHOEK – Both internal and external consultations regarding Namibia’s anticipated signature to the Single African Air Transport Market (SAATM), which was launched in Addis Ababa, Ethiopia, at the end of January this year, have now been completed.
      EAN’s annual economic conference to focus on inequality

      EAN’s annual economic conference to focus on inequality

      2018-09-03  Staff Reporter
      WINDHOEK - The Economic Association of Namibia (EAN), in collaboration with the Hans Seidel Foundation and The Namibian newspaper, will be hosting its annual economic conference, under the theme of ‘Inequality’ on September 5, 2018 at the Safari Hotel. The conference will focus on questions surrounding Namibia’s persistent high levels of inequality, as well as look at ways to reduce inequality in
      Namfisa deals with budget shortfall, utilises meagre resources prudently

      Namfisa deals with budget shortfall, utilises meagre resources prudently

      2018-09-03  Edgar Brandt
      WINDHOEK –The latest annual report from the Namibia Financial Institutions Supervisory Authority (Namfisa), which was released last Thursday, indicates that the authority’s total income for the 2017/18 financial year was N$149.4 million, which was 35 percent, or N$80.4 million, lower than the budgeted amount of N$229.8 million.