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FNB pays N$300m for Pointbreak, EBank
FNB Namibia is estimated to have paid around N$300 million to acquire, Pointbreak and EBank, estimates and calculations by IJG Securities have shown. The total purchase consideration has yet to be...
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LTV regulation to curb mortgage lending dominance on loan books
The macro-prudential policy in the form of loan-to-value (LTV) regulation, implemented in March this year, is likely to contribute to reduced concentration risk for commercial banks, as well as promote...
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De Beers has ‘never short-changed’ Namibia
In May last year, the government and De Beers signed a new 10-year sales agreement for the sorting, valuing and sales of Namdeb Holdings’ diamonds. The sales agreement is the longest ever signed...
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Embrace Namibia making its mark in Namibia
Entrepreneurial passion has driven Maria Tulonga into manufacturing and today her company, Embrace Namibia Enterprise, is the first of its kind in Namibia. Embrace Namibia Enterprise is a chalk...
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Foreign reserves dwindle in March
The latest Bank of Namibia Money and Banking Statistics report paints a gloomy picture for Namibia’s financial sector, with a decline in foreign reserves, and slow growth recorded in money supply and...
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African airlines post impressive growth
African carriers’ posted the largest year-on-year increase in demand of all regions in March with freight volumes growing 33,5 percent, the International Air Transport Association (IATA) said this...
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Schlettwein wrong on Fitch rating
South African based economic think tank, NKC African Economics is bemused by the position of Minister of Finance, Calle Schlettwein who said that the recent upgrade by Fitch of Namibia’s national...
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Calls for a genocide commemoration day
Credible sources known to the Windhoek Observer, report that there are serious complaints from various communities that the government prioritises holidays related to the heroic struggle for...
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Iiyaloo donates to //Haib community
The Iiyaloo Women Group has donated N$13 000 to a Kindergarten in the community of //Haib in the Karasburg region as part of its corporate social responsibility. The //Haib community which is in the...
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Customers first on FNB care system
FNB Namibia says its customer care system has helped in streamlining the logging and management of customer compliments, complaints and queries. FNB Namibia National Service Manager, Points of...
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Agra launches 2017 weaner championships
Agra Auctions this week launched the 2017 weaner auctions and championships in Windhoek with the aim to recognise and reward producers for good quality weaner calves. In a statement, Agra said a total...
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Telecom Namibia launches unlimited voice calling
Telecom Namibia will next week Monday launch a new offering for its customers across the country in the form of a new ‘Unlimited Call Plan’ package that has unlimited local and national calls for N$299...
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Bank Windhoek appoints new COO
Bank Windhoek has announced the appointment of Franco Pretorius as its new Chief Operating Officer, effective 1 May 2017. In a statement, Managing Director Baronice Hans said Pretorius brings with him...
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FNB appoints group company secretary
Hafeni Kashimbonde has been appointed as Company Secretary for the FNB Group. In a statement, FNB said Kashimbonde will provide services to various subsidiaries within the group, which currently...
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Akwenye joins Old Mutual
Old Mutual Namibia last week announced the appointment of Ilke Akwenye as Transformation and Communications Manager, effective from 2 May 2017. In a statement, Marketing Transformation and Customer...
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SPYL dares SWAPO top brass
Several members of the SWAPO Party Youth League’s (SPYL) National Executive Committee have come out strongly against the party’s leadership, warning the SWAPO top four to stop meddling in the youth...
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Rukoro suspended
Meatco Chief Executive Officer, Vekuii Rukoro, has been suspended by the meat processor’s board pending an undisclosed investigation into operations at the company. The suspension, which was...
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Air Namibia loses N$300m on Frankfurt route
The loss-making national carrier, Air Namibia, is losing more than N$300 million per year on the Windhoek-Frankfurt route and not N$30 million as reported in the local media on Thursday, Public...
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UNAM forms company to help diversify income streams
The University of Namibia (UNAM) is in the process of establishing a holding company to take advantage of commercial ventures initiated by the university. UNAM’s Public Relations Officer, Simon...
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NSA maintains mining statistics are accurate
The Namibian Statistics Agency has maintained that mining statistics as contained in the 2016 Preliminary National Accounts are accurate, rubbishing recent claims by the Chamber of Mines of Namibia...
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