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Inflation moderates for second straight month
According to the Namibia Statistics Agency (NSA), the annual headline inflation rate in March, as measured by the Consumer Price Index (CPI), declined for the second consecutive month, but remained...
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Standard Bank signs banking agreement with NamPost
This week Standard Bank Namibia signed a sponsoring banking relationship agreement with Namibia Post Limited (NamPost) which will enable Nampost’s clients to have access to the National Payment System....
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Meatco an African inspiration
The London Stock Exchange Group (LSEG) has identified the Meat Corporation of Namibia (Meatco) as one of Africa’s most inspiring companies in the United Kingdom at the launch of the ‘Companies to...
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Investors pump N$35m into new insurance company
Shareholders of new short-term insurance company, King Price, have pumped in N$35 million as start-up capital. Namibian shareholders own a combined 26 percent stake in King Price, while the rest of the...
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Langer Heinrich production down 26 percent
Production at Paladin Energy’s Langer Heinrich Uranium in the Erongo Region has dropped by more than a quarter to 896 070 pounds, in the four months ended 31 March, the company said this week. Paladin...
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NDTC upbeat on diamond sector prospects
Namibia Diamond Trading Company (NDTC) is upbeat about the prospects of the global diamond sector this year, amid increased demand for the precious stone. This comes as the local diamond seller, a...
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Telecom Namibia registers progress
Telecom Namibia says it has made progress in expanding its fibre access network footprint despite the negative economic climate. The last mile fibre links were installed to connect corporate businesses...
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Ashburton to launch latest in June
FNB Namibia Holdings subsidiary, Ashburton Fund Managers Namibia, is expected to be operational by June, after the asset management firm secured a licence from regulators in December. FNB Chief...
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Govt owes NCCI members N$500 million
The Namibia Chamber of Commerce and Industry (NCCI) has claimed that its members are owed in excess of N$500 million by Government in unpaid invoices for services rendered or goods supplied. NCCI Chief...
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Stanlib eyes unlisted investments
Stanlib Namibia says it is in the process of developing its local unlisted capability that will see the asset management firm invest in private equity or infrastructure in the near future. The...
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Woman of Excellence pledges to care for disabled
Ebenecia Tjiveta of Onyose Trust was recently named as one of Standard Bank’s Woman of Excellence in 2016 for her work with mentally and physically disabled people. Standard Bank supports the...
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Otjikoto 2017 gold production seen at 175,000 tonnes
B2Gold’s Otjikoto Mine is this year expected to produce between 165,000 and 175,000 ounces of gold at cash operating costs of between US$510 and US$550 per ounce. The mine produced 166,285 ounces of...
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Rössing supports NEEEF
Uranium miner, Rössing Uranium, this week called on the crafters of the New Equitable Economic Empowerment Framework (NEEEF) to carefully consider making the proposed 25 percent ownership transfer,...
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RFA in bid to improve revenue collection
The Road Fund Administration (RFA) has laid out plans to automate Mass Distance Charges (MDC), in a bid to improve revenue collection. The envisioned technology will track the distance covered by...
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NBL hints at flavoured beer products
Namibia Breweries Limited (NBL), a unit of the Ohlthaver and List (O&L) Group, has not ruled out introducing flavoured beer products either onto the Namibian or South African market. The two...
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Rössing desalination plans grind to a halt
Rössing Uranium’s plans to build a N$200 million desalination plant at the coast has hit another snag after the Rio Tinto-owned business announced this week that Government has been dragging its feet...
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Tuna fishing industry under threat
Tuna stocks in Namibian waters are on a rapid decline, a development that has been attributed to oil and gas exploration activities close to fishing grounds, the Windhoek Observer has learned....
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Power blackouts feared as Public Procurement Board dilly dallies
The delay to implement the new Public Procurement Act, as the new board settles in, could threaten power supply in the Northern parts of country if urgent steps are not taken to issue out new power...
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Education ministry delays slow EU funding
The Namibian education sector, currently reeling under budget cuts, risks losing hundreds of millions of dollars in EU funding this year because of delays in providing crucial data needed to release...
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Chinese propose nuclear plant
Namibia could soon go nuclear after Swakop Uranium, the owner of the N$20 billion Husab uranium mine in the Erongo region, submitted a proposal to the Ministry of Mines and Energy to set up a nuclear...
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