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Treasury cuts 2017 economic growth forecast
Finance Minister, Calle Schlettwein, has cut the country’s initial 2017 economic growth forecast of 2.5 percent down to 1.8 -2.3 percent after Namibia slipped into a technical recession in the second...
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NBL far from quenching barley thirst
Namibia Breweries, which produces one of Namibia’s leading export brands, Windhoek Lager, says it has a long way to go before it can produce the beer from local barley. NBL’s current annual requirement...
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Capricorn hunts for more partnerships
The Capricorn Group, whose flagship company, Bank Windhoek, is the second largest bank in Namibia after FNB, is looking for more partnerships. Early this year, the Government Institutions Pension Fund...
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Budget cuts hit SME funding
The Equipment Aid Scheme under the Ministry of Industrialisation, Trade and SME Development, has been hit by budget cuts, just like many other Government programmes in recent months. Head of Corporate...
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Letshego’s business model comes under scrutiny
Simonis Storm Securities (Simonis) said it is surprised that Letshego Holdings was unable to raise at least 50 percent of its Initial Public Offering (IPO) value. The company, which listed on the...
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BoN to introduce tighter capital requirements for banks
The Bank of Namibia has made significant progress towards the implementation of Basel III Capital Adequacy Standards in Namibia. Basel III is a comprehensive set of reform measures, developed by the...
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Shaanika’s love affair with NCCI ends
As first reported by the Windhoek Observer in July Tarah Shaanika’s 15-year-old love affair with the Namibia Chamber of Commerce and Industry (NCCI) came to an end this week. NCCI president, Sven...
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Etango granted retention licence
The Ministry of Mines and Energy has granted Bannerman Resources Limited a Mineral Deposit Retention Licence with a five-year extendable term over its 95 percent owned Etango Uranium Project. The...
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Financial industry targets 74% inclusion
The race to reduce the segment of the population that has no access to financial services hit high speed this week with the launch of the fourth Namibia Financial Inclusion Survey by the Bank of...
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Red flags raised over Nimbus listing
Conflict of interest allegations have been raised against the Namibian Stock Exchange (NSX) Chief Executive Officer, Tiaan Bazuin, after it emerged that he is a director of Paratus Group, a company...
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GIPF allocates N$4,7 billion to asset managers
The Government Institutions Pension Fund (GIPF) has so far disbursed N$4,7 billion out of the N$12 billion it has committed to asset managers of unlisted investments in the country. GIPF now has assets...
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Strand Hotel turns 2
The luxurious Strand Hotel in Swakopmund celebrated its second anniversary this week with more than 100 guests attending a seaside patio function at the Brewer & Butcher restaurant overlooking the...
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Family feud blocks mine’s development
International Base Metals Limited (IBML), the Australian based holding company of Craton Mining and Exploration (CME), which owns the Omitiomire copper deposit near Windhoek, is confident that mining...
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Namibia could lose out on Airbnb phenomenon
Namibians could lose out on the growing and lucrative worldwide phenomenon of renting out their houses through the US based short-term rental company, Airbnb, following an announcement by the Namibia...
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DBN bond not for Infrastructure Fund
CHAMWE KAIRA The Development Bank of Namibia’s debut N$2,5 billion, Medium Term Note Programme on the Namibia Stock Exchange (NSX) will not be used for the Infrastructure Fund, which will also be...
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GIPF claims N$146m profit from DCP
The Government Institutions Pension Fund (GIPF) has painted a rosy picture of one of Namibia’s post-independence financial scandals, saying it made a profit of N$146 million from its infamous and now...
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Expert urges Namibia to go 100pct renewable energy
Namibia, which has one of the best potential renewable energy sources in the world, has been urged to adapt and apply a recent study and test case done in Tanzania. In that study, research showed that...
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Rosh Pinah Zinc production up in Q3
The Rosh Pinah Zinc Mine produced 20,1 million pounds of zinc concentrate, 3,9 million payable pounds of lead and 52,284 payable ounces of silver in the third quarter for the year. Trevali, which owns...
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BoN urges business to borrow
Central bank governor, Iipumbu Shiimi has urged the business community to take advantage of the current low interest rate environment to borrow money and invest. He said this after the bank left the...
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Mafuta pushes Namdeb’s productionto 500,000 carats in Q3
Namdeb Holdings production increased by 12 percent to 500,000 carats in the third quarter of this year, primarily because of higher mining rates from Debmarine Namibia’s Mafuta vessel,Anglo American...
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