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Stimulus considers new venture fund
Namibia Stock Exchange-listed private equity firm, Stimulus Investments, is considering establishing a new venture capital fund, which will likely have a different mandate. This comes as Stimulus’...
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Nujoma welcomes vessel named after him
Former President Sam Nujoma was all smiles last week Thursday during the inauguration and naming ceremony of the sampling and exploration vessel, mv SS Nujoma at Walvis Bay. Nujoma, who was in high...
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Mining industry needs innovation - PM
Prime Minister Saara Kuugongelwa-Amadhila has called on the mining industry to innovate in a bid to tackle the various socio-economic challenges facing the country. Kuugongelwa-Amadhila said this...
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RMB proud of SS Nujoma funding
RMB Namibia says it was a proud witness to the recent official inauguration and naming of Debmarine’s sixth vessel, the SS Nujoma. RMB Namibia is a member of FNB Namibia group. The SS Nujoma, named...
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Mineral resources must benefit Namibians: Nujoma
Founding President Sam Nujoma says Namibia’s mineral resources must be used for the benefit of all Namibians. “I reiterate my commitment to ensure that our mineral resources are used for the benefit of...
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Choppies enters Namibian market
Multinational grocery retailer, Choppies Enterprise Limited, is set to open its doors in Namibia in the next two months, with at least three retail shops earmarked for Ongwediva, Omuthiya and Windhoek...
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Hard times for construction to continue
The construction industry will continue to experience difficulties this year, PSG Namibia Analyst, Shelly Arnold, has predicted. “We expect the hard times in the construction sector to persist...
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Retailers bargain for lower rentals
Namibia’s largest commercial property developers have expressed mixed views on the impact of the current economic challenges facing the country on their businesses. Oryx Properties Limited Asset...
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Meatco revenue down, profit up
Meatco’s revenue for the 2016 financial year dropped by 6,2 percent to N$1,69 billion, weighed down mainly by the reduced number of cattle slaughtered south of the Veterinary Cordon Fence, which...
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Namdeb produces 472,000 carats in Q1
Diamond producer, Namdeb Holdings, increased its production by six percent to 472,000 carats in the first quarter of this year, parent company Anglo American said in a recently released report. Namdeb...
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Green Enterprise Solutions taking on Africa
Green Enterprise Solutions is a 100 percent Namibian owned information and communication technology (ICT) company that offers tailor-made services such as software development, mobile application...
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Business as usual at Langer Heinrich
Langer Heinrich has allayed fears that placing its mother company, Paladin Energy, under administration would have a damaging effect on the Erongo-based uranium miner. Paladin went into voluntary...
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Wernhil to extend shopping hours
Tenants at Wernhil Park Mall in Windhoek are set to extend shopping hours beginning of October to 18h00 during weekdays and to 15h00 during weekends, in a bid to weather competition from other malls,...
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Shell prefers Lüderitz as logistics base
Shell Namibia Upstream BV, which is planning deep water oil exploration offshore of southern Namibia, says it prefers Lüderitz as its logistics base due to its closeness to the licence area, according...
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Local authorities’ retirement fund value hit N$4bn
The Retirement Fund for Local Authorities and Utility Services in Namibia (RFLAUN) has grown its portfolio to N$4 billion, Principal Officer of the fund, Dorian Amwaandangi, said this week. The fund...
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Foreign reserves dip slightly in May
The stock of foreign reserves declined moderately at the end of May to N$25,4 billion compared to N$25,7 billion in April, the Bank of Namibia announced this week. The central bank attributed the...
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NATH nurtures tourism
The Namibian Academy for Tourism and Hospitality (NATH), which was formally launched as an Article 21 Company in August 1994, trains primarily tour guides to provide top-level services to all who visit...
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From cleaner to business owner
Seven years ago, Selma Jonas started a tourism business called Namibia Express Travel Tours and Information Centre that is registered with the Namibia Tourism Board as a booking agent. According to...
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Ashburton Investments launched
FNB Namibia Holdings on Wednesday launched Ashburton Investments, an asset management company, as the fourth pillar of its South African shareholder, FirstRand Group. Other FirstRand Group franchises...
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Food Lover’s Market set to lay-off staff
About 90 employees at the Food Lover’s Market store in the Windhoek Central Business District could be retrenched when the second phase of the proposed expansion of the Wernhil Park Mall starts next...
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