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Otjikoto glitters in third quarter
B2Gold’s Otjikoto Mine near Otjiwarongo produced a quarterly record of 55,151 ounces of gold in the third quarter of 2017,14 percent (or 6,793 ounces) above both (original) budget and reforecast...
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Government approves MTC listing
Cabinet has approved the listing of mobile operator, MTC, on the Namibian Stock Exchange (NSX), the Ministry of Public Enterprises (MPE) confirmed this week. “At this stage, only the listing of MTC has...
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Fitch downgrade expected – analysts
The downgrading of Namibia to sub-investment grade by Fitch, had been expected since early 2016, investment analysts, Cirrus Capital, said this week. The firm believes that the main reason for the...
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Lopes urges govt to reign in expenditure
In view of the downgrading of Namibia’s credit rating to junk status by ratings agencies, Fitch and Moody’s, the Windhoek Observer’s Chamwe Kaira (CK) asked well-known African economist, Carlos Lopes...
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Capricorn Group scoops regional award
Capricorn Group has scooped the Regional Company Award at the Annual Integrated Reporting Awards of 2017, hosted by Chartered Secretaries Southern Africa in partnership with the JSE Limited at a recent...
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Thieme calls for innovation
Namibians must find innovative ways of overcoming the current economic challenges, Executive Chairman of the O&L Group, Sven Thieme, said this week. Speaking during a motivational breakfast...
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Oryx boss resigns months into job
Oryx Properties CEO, Carel Fourie, has resigned from his post, just months after he was appointed. Oryx announced Fourie’s departure on Wednesday without giving reasons. Fourie’s resignation will be...
View ArticleMTC continues to develop best talent
MTC announced this week that its academy had trained 14 new employees in customer service.The employees graduated on 21 November after three months training. Company executive, Tim Ekandjo, said in a...
View ArticleDebmarine to add new vessel in 2021
As first reported by the Windhoek Observer in May,Debmarine Namibia has announced plans to acquire a new offshore diamond mining vessel at a cost of N$2 billion, the company said this week. The new...
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Consumers offered incentives to stimulate spending
With the economy in a slowdown, the financial and retailer industries are offering incentives to stimulate consumer spending. “Banks certainly always look for new markets and opportunities to attract...
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Social media a game changer in PR
The Windhoek Observer (WO) caught up with Erongo Red’s Public Relations Officer, Simon Lukas (SL), to discuss his views on changes and developments in the public relations profession. WO: What are some...
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Fitch downgrades SOEs
Ratings agency, Fitch, has downgraded several State-owned enterprises following the downgrading of the country’s sovereign rating last month. On 20 November, Fitch downgraded Namibia’s Long-Term...
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Hong Kong company opens Namibian diamond factory
The Hong Kong based KGK Group has set up a cutting and polishing factory in Windhoek and will become an accredited buyer of local diamonds supplied by the Namibia Diamond Trading Company (NDTC). The...
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Tough times forecasted for consumers
Interest rates are likely to remain on hold at 6,75 percent over the medium-term because of the recent downgrades of Namibia’s credit rating, economic analysts have said. On 11 August, Moody’s...
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Telecom defends broadband pricing
In response to a recent report published by Cable.co.uk, which shows that Namibia has one of the most expensive broadband prices in the world,Telecom Namibia says a lot of countries subsidise broadband...
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Sacu receipts boost foreign reserves
The stock of foreign reserves rose slightly at the end of October, mainly as a result of revenue from the Southern African Customs Union (SACU), latest figures from the Bank of Namibia (BoN) show. The...
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Namibia resists EU manufacturing incentives calls
Finance Minister, Calle Schlettwein has hit back at calls by the European Union (EU) for Namibia to reform its tax regime. The EU wants Namibia to remove its manufacturing incentives because it...
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Repo rate ends year at 6,75 percent
The central bank in its sixth and last monetary policy decision for the year left the key benchmark rate unchanged at 6,75 percent on Wednesday. Governor Iipumbu Shiimi said the current level is deemed...
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MMI Holdings sponsors three debaters
Three learners from the coastal town of Swakopmund are the lucky receipts of a N$15 000 sponsorship from MMI Holdings Namibia Limited to attend the Orate Africa Debating Competition that will be held...
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Namibian housing value drops 10pct – IMF
The International Monetary Fund (IMF), which has in the past warned that the housing market in Namibia is a bubble waiting to burst if not controlled, this week said the value of houses in Namibia ‑...
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