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Gustav Voigts renovations on track
Renovation and expansion work on the Oryx Properties-owned Gustav Voigts Shopping Mall in central Windhoek is on track, IJG Securities said this week. Analysing Oryx Properties results for the year...
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GIPF’s Capricorn stake given the nod
Government Institutions Pension Fund (GIPF) has received all regulatory approvals to acquire a 25 percent interest in Capricorn Investment Group Limited. GIPF, the largest institutional investor in...
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NWR revamps Terrace Bay, Okaukuejo’s restaurant
Namibia Wildlife Resorts (NWR) is improving its Terrace Bay resort, in addition to modernising Okaukuejo’s restaurant, with the upgrades aimed at bringing the facilities up to the standard of its other...
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FNB warns about malware attacks
FNB Namibia has urged the public to exercise caution as a malware attack, called “WannaCry ransomware” that has been infecting computers and extorting money from its victims worldwide since Friday last...
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Construction ‘collapse’ a bad sign for economy - IJG
Only 566 and 76 building plans were approved and completed respectively in the first quarter of this year, marking the lowest number of plans approved and completed since 1991. According to an IJG...
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Living the dream after retirement
Most retired people prefer to live quietly off their pensions, but that is not the case with Jacqueline Kandjiriomuini (46), who, when she saw retirement dawning on her, started a company that is in...
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Old Mutual celebrates 172 years
Old Mutual, one of the leading financial services providers in Namibia, celebrated 172 years of existence on Wednesday. With over 900 employees in Namibia, Old Mutual has been voted the best employer...
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SOE debt drops to N$6,2b in 2016
Total outstanding State-Owned Enterprises (SOEs) debt dropped slightly last year to N$6,2 billion mainly due to bonds that were repaid at maturity during the 2016 financial year. According to the Bank...
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AfDB loan perfect fit for Namibia: analysts
Analysts have welcomed the N$3 billion African Development Bank (AfDB) loan facility secured by Government last week, while also advising Government to spend the money wisely. Finance Minister Calle...
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Vehicle sales slump to five-year low
The hefty cut in Government spending on new vehicles coupled with amendments to the Credit Agreement Act, which now makes a 10 percent deposit mandatory on new purchases, has hit car sales hard....
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Govt moves to settle outstanding invoices
Treasury has released N$600 million towards settling unpaid Public Service Medical Aid Scheme (PSEMAS) service providers and other contractors’ bills that had been outstanding since the last financial...
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Debmarine to acquire two more vessels
Marine diamond miner, Debmarine Namibia, is said to be on the verge of acquiring two more mining vessels partly financed through a loan facility from Standard Bank Namibia, the Windhoek Observer has...
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DBN plans N$300m debut bond in July
The Development Bank of Namibia (DBN) plans to issue a N$300 million debut bond on the Namibia Stock Exchange (NSX) between July and August, Chief Executive Officer Martin Inkumbi has said. Proceeds...
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Capricorn spends N$428m on Zambia, Botswana stakes
Diversified financial services group, Capricorn Investment Group, has spent a total of N$428 million to increase stakes in Capricorn Investment Holdings Botswana and Cavmont Capital Holdings, the...
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Company registrations made easy
The Business and Intellectual Property Authority (BIPA), which will become fully operational at the beginning of next month, will result in new company registrations taking just a day to process...
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MTC defends tariff hikes
Mobile telecommunications company, MTC, has justified the recently announced 7 percent tariff adjustment, saying it was necessitated by the rising cost of doing business over the years. The mobile...
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Farmer cashing in on goat milk
Berry Buzz Namibia is a company that was started 10 years ago by Allan le Hane after he set out to provide the dietary needs of his family, particularly his wife, who had dietary desires for products...
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Bullish Oryx seeks to double portfolio value
Namibia Stock Exchange-listed property concern, Oryx Properties Limited, has announced its intention to double the size of its current portfolio in the medium term. Responding to questions from the...
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GIPF increases role in economy
Government Institutions Pension Fund (GIPF), through its newly established Internal Treasury Unit, has invested in excess of N$8 billion in Government paper, Board of Trustees Chairman, Goms Menette,...
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Further fiscal slide can be costly for Namibia: PSG
Moody’s Investors Service (Moody’s) is concerned about the possibility of further fiscal slippage, following a sizeable N$6,3 billion shortfall in total revenue in the 2016/17 financial year and the...
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