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Uranium sector worries Chamber
The Chamber of Mines of Namibia says the immediate outlook for the mining sector is promising apart from the uranium sector. Former Chamber President, Johan Coetzee, said this week that uranium was the...
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Revised National Pension Fund almost ready
The revised National Pension Fund (NPF) is expected to be presented to the Ministry of Labour, Industrial Relations and Employment Creation next month, the Social Security Commission has said. Social...
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Five regions targeted for garment factories
Five regions have been identified by the ministry of trade as potential locations for the garment manufacturing plants the government is planning to set up this year. The targeted regions are Oshikoto,...
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RFA targets N$1m surplus in 2019
The Road Fund Administration (RFA) forecast a meagre N$1 million surplus for the 2019 financial year, according to details contained in its Five Year Business Plan for the period April 2018 to March...
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SOE debt declines in 2017
The debt owed by State Owned Enterprises (SOE) declined from 6.1 percent in 2016 to 5.7 percent in 2017, the Bank of Namibia (BoN) said in its 2017 Financial Stability Report. The decline in the...
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How to make informed investment decisions
Even for those of us working within the financial markets, investing your own hard-earned money can at times appear daunting. For the majority of people who are not actively involved in investing, the...
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NSX local index up 9.54 percent in 2017
The Namibian Stock Exchange’s (NSX) local index, which caters for only Namibian primary listed companies, increased by 9.54 percent in 2017. The NSX overall Index during the period under review...
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Government to outsource management of flats
Government is planning to outsource the management of its residential properties spread across the country, Permanent Secretary in the Ministry of Works and Transport, Willem Goeiemann, confirmed this...
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Namibia’s diamond cutting and polishing industry poised for growth
The country’s diamond cutting and polishing industry is slowly taking shape and may become a major sector in the near future. The industry growth has been boosted by the 2016 sales agreement between...
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Oil prices to average US$65 a barrel in 2018
Oil prices are forecast to average US$65 a barrel over 2018, up from an average of US$53 a barrel in 2017, on strong demand from consumers and restraint by oil producers, the World Bank said in a...
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Dedication pays for young entrepreneur
With a natural flair for business and determination to make a success of her life, Lydia Shipateko has shown that graduates can triumph in challenging economic times. The 30-year-old Namibian...
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BoN maintains ban on cryptocurrencies
Cryptocurrencies remain banned in the country, the Bank of Namibia maintained recently in its latest position paper on virtual currencies. The bank said it does not recognise, support or recommend the...
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NamPower rekindles energy bulbs project
NamPower has chosen to distribute on its own energy-saving bulbs in the final phase of a project launched in September 2016 that was meant to distribute one million free bulbs to households by May...
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Namibia Revenue Agency to be benchmarked against the best in Africa
The Namibia Revenue Agency, which will replace the current Inland Revenue in the Ministry of Finance, will be benchmarked against the revenue agencies of South Africa,Mauritius and Swaziland, Technical...
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Trade mission set for Portugal
The Namibian Embassy in France has planned a trade mission to Portugal next month. The embassy is using the trade mission to promote Namibia as an investment destination and trading partner, while...
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Fleet cards to go local in June
Fleet card transactions will have to be localised by 30 June, the Bank of Namibia (BoN) has stated. The current cards in use are acquired by South African financial institutions and then distributed by...
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Skorpion Zinc’s parent company appoints new CEO
Vedanta Resources this week announced the appointment of Deshnee Naidoo, as the Chief Executive Officer for Africa Base Metals. Vedanta said Naidoo’s appointment signals its ongoing commitment to...
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Economic Association sees inflation uptick in H2
The Economic Association of Namibia (EAN) expects inflation, which increased slightly from 3.5 percent in the previous two months to 3.6 percent in April, to pick up during the remainder of 2018....
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Govt going ahead with wage bill cuts
Finance Minister, Calle Schlettwein, says government is going ahead with plans to cut its wage bill, which takes up almost 50 percent of its annual revenue. The minister, however, said there will be no...
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Oceana feels Namibia pilchard pinch
The Oceana Group’s losses from associate and joint ventures increased to N$29 million (March 2017: N$9 million) for the six months ended 31 March, attributable largely to the moratorium on pilchard...
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