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Letshego reaches 52,000 borrowers
Letshego Namibia reached 52,000 borrowers in 2017 from 50,648 in 2016, as it continued with its steady growth on the Namibian market, Chief Executive Officer, Ester Kali, said in the company’s 2017...
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Namdia not transparent, board fees excessive – Tom
Mines and Energy Minister, Tom Alweendo, has expressed his frustration with the secretive nature of State-owned diamond marketing and sales company Namib Desert Diamonds’ (Namdia) operations. Alweendo...
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Too early to celebrate, NSA warns on economy
Although economic prospects improved somewhat in the first quarter of this year when GDP growth contracted by 0.1 percent compared to a -0.4 percent growth in the first quarter of 2017,it is too early...
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President delivering on prosperity pledge - Steytler
President Hage Geingob is delivering on his election campaign pledge of bringing prosperity to Namibia despite the current economic downturn, Geingob’s economic advisor, John Steytler, has said. While...
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Bidvest says not fazed by new fishing policy
Bidvest Namibia Chief Executive Officer, Sebby Kankondi, says the recent announcement by Minister of Fisheries and Marine Resources, Bernard Esau,that fishing companies listed on the stock market will...
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Government sees more value in PPPs
Government plans to implement around 20 large scale projects through Public Private Partnerships (PPP), John Steytler, Economic Advisor in the Office of the Presidency, said in a recent interview. The...
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GIPF to launch bigger infrastructure fund
The Government Institutions Pension Fund (GIPF) is set to launch an infrastructure fund with a minimum funding capacity for projects worth N$100 million. This is an increase from the initial GIPF...
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BIPA staff fingered in corrupt practices
The Business and Intellectual Property Authority (BIPA) has been rocked by allegations of backdoor registration of companies by staff members as Namibiansrush to register companies in order to apply...
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NamWater calls for restrained water use
Despite good rains this year compared to last year, the provision of water to the country’s central regions remains a concern, NamWater warned this week. The central region is home to some of the...
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Agronomic Board rules out maize, wheat price increases
The retail prices of maize and wheat are unlikely to increase again this year, providing relief to already burdened consumers. “Normally there are no two price increases within a season, unless...
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Used car boom expected for Oshikango
The Walvis Bay Corridor Group believes that the relaxation of requirements for the importation of second hand cars into Angola could revive the ailing Oshikango market, which collapsed after the...
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Ambitious agro project to cost N$1,4 billion
Government’s new agriculture project, dubbed Agricultural Mechanization and Seed Improvement Project, aimed at increasing food production in the country,will cost about N$1,4 billion, the Ministry of...
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Angola, Namibia central banks to explore new areas of co-operation
The Bank of Namibia and Angola’s central bank, Banco Nacional de Angola, will explore new areas of co-operation following the non-renewal of a currency exchange agreement that was signed in 2015. Bank...
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Air Namibia to release 17 year old financial reports
Air Namibia is set to release audited financial statements for the period between 1998 and 2014, Acting Managing Director, Ellaine Samson, said in Windhoek on Wednesday. Samson said the reports were...
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Shipanga back in the spotlight
Businessman Martin Shipanga is back in the spotlight these days. The former City of Windhoek and Nedbank Namibia CEO has been out of the spotlight for a number of years,quietly building his diversified...
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NDTC, NU Diamonds cut ties
The Namibia Diamond Trading Company (NDTC) has terminated its sightholder agreement with NU Diamonds ‘for commercial reasons’. The move comes as a surprise given that local diamond polishing and...
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Tullow Oil to drill first well in September
Tullow Oil plc, the British based multinational oil and gas exploration company, is set to drill its first ever oil well in Namibia in September. Tullow expects to start drilling the high-impact...
View ArticleGIPF continues with sound investments
The state pension fund, the Government Institutions Pension Fund (GIPF) has revealed that a total of N$13.5 billion has been allocated to ‘Alternative Investments’ held through external managers. The...
View ArticleNamcor guns for 50 percent import mandate
The National Petroleum Corporation of Namibia (NAMCOR) has laid out plans to have its 50 percent fuel import mandate handed back to the company,Managing Director, Immanuel Mulunga, told the Windhoek...
View ArticleEdgars may cull Namibian stores
Edgars’ mother company, Edcon Limited, says it may cull some local stores as part of a restructuring process. The group, which has 43 Stores in Namibia across the different Brands – Edgars, Jet, CAN...
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