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Steinhoff scandal could affect Namibia
The recent collapse of the South African diversified company, Steinhoff, following revelation of a tax investigation by Germany authorities, could directly or indirectly affect Namibia, analysts have...
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Calle is business personality of the year
Minister of Finance, Calle Schlettwein, tried his best to revive the ailing economy in a year in which the country’s credit rating was cut to Junk by ratings agencies,Fitch and Moody’s. Another setback...
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No end in sight to construction woes
The construction industry has been hard-hit by Government spending cuts, with 10,000 job losses recorded as a result, according to figures by the National Union of Namibian Workers. The industry was...
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Mixed rankings for competitiveness in 2017
Namibia received mixed rankings this year in the World Economic Forum’s Global Competitiveness Report 2017-18 and the World Bank Group’s annual Ease of Doing Business Report. The World Economic Forum’s...
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Transport ministry officials are the mamparas of 2017
Ministry of Works and Transport officials are our mamparas of the year in the business category after they left Government with a multi-million dollar bill through either over-committing themselves on...
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Rating agencies deal Namibia a body blow
This year will go down in history as the year that Namibia, once a shining economic star in Africa, had its credit rating downgraded by both Moody’s and Fitch, two of the three leading international...
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Swakop businesses happy despite slow start to holiday season
Tourism industry operators in Swakopmund, one of the country’s most visited resorts during the December holiday season,said they were generally happy with business over the festive holidays although...
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Biokineticists lobbied Namfisa to cancel gym rebates – source
Biokineticists operating in the country are alleged to have lobbied the Namibia Financial Institutions Supervisory Authority (Namfisa) to cancel gym and wellness rebates, the Windhoek Observer has...
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DBN yields positive results in 2017
The Development Bank of Namibia (DBN) has recorded a net profit of N$172 million for the financial year ended 31 March 2017, the bank announced this week. The profit of N$172 million for 12 months...
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Namibia Logistics Hub Showcased in Europe
As part of its ongoing efforts to promote the Namibia Logistics Hub Project, the Walvis Bay Corridor Group (WBCG), with support from the Deutsche Gesellschaft für Internationale Zusammenarbeit...
View ArticleZim ICT minister Cleared Of Corruption Allegations
Zimbabwe Anti-Corruption Commission has cleared Minister of ICT and Cyber Security Supa Mandiwanzira of allegedly abusing his office and corruption. Former NetOne CEO, Reward Kangai had reported...
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Archaic laws delay phasing out of cheques
The planned phasing out of cheques as a mode of payment in Namibia has been delayed as a number of statutory laws need to be reformed first, the Bank of Namibia (BoN) has announced. Legislations in...
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Curtains closing on Namdeb’s good times
With four years of its lifespan left, Namdeb, which runs the land based diamond mining operations around Oranjemund, has announced a voluntary retrenchment exercise for at least 130 of its 1,700...
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Biokineticists deny lobbying Namfisa
Biokinetics Association of Namibia has strongly denied a report carried by the Windhoek Observer last week, which claimed that some biokineticists had lobbied the Namibia Financial...
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Economy to stay in the woods
The Namibian economy is expected to remain in the woods, with recession expected to continue into 2018, economist Eloise du Plessis of PSG Namibia, said this week. “While the narrower current account...
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Trustco not ‘losing sleep over opinions of sheep’
Johannesburg Stock Exchange (JSE) and Namibia Stock Exchange-listed Trustco Group Holdings says it is not losing sleep over the opinions of critics who have compared its operationsto that of Steinhoff,...
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FIM Bill ready - Calle
Finance Minister, Calle Schlettwein, says the Financial Institutions Markets Bill, which seeks to consolidate and harmonise the laws regulating financial institutions and financial markets in Namibia,...
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Telecom copper losses mount
Telecom Namibia says it can’t do away with copper cables on its network despite increased disruptions and major economic losses caused by theft. In an interview with the Windhoek Observer, Telecom...
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Namibia sees minimal impact from CT water crisis
The current water crisis in Cape Town will have a minimal impact on Namibia’s imports from South Africa, local business leaders have said. South Africa is Namibia’s major import partner with about 66...
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NamWater planning two water plants in the south
Water utility, NamWater, is planning to construct two water plants in the south of the country at Bethanie and Grunau for an undisclosed amount. The water utility caused a stir last week when it placed...
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