Tender for feasibility study for desalination ready
The tender for a feasibility study that will determine whether government through NamWater will build a desalination plant at the coast, is expected to be awarded soon. “The German Government through...
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Wernhil expansion to revive CBD
The Ohlthaver & List (O&L) Group is hopeful that its N$500 million expansion of the Wernhil Shopping Centre will help keep Windhoek’s Central Business District (CBD) alive. The current economic...
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Old Mutual unveils Manetti, repositions brand
Following its primary listing on the Johannesburg Stock Exchange (JSE) in June and secondary listings in Namibia, Malawi and Zimbabwe,Old Mutual last week unveiled a vibrant new brand identity that...
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Short term insurers face price fixing probe
The multibillion dollar short term insurance industry is under probe for contravening the Competition Act by setting maximum mark-up rates that panel beaters should charge for repairs to insured...
View ArticleRundu has high crop farming potential
The town of Rundu in the Kavango East Region has high potential for crop production, First Capital Namibia has said in a profile on the town. Crop production in Namibia is commonly practiced with the...
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Meatco urged to pollute less
Meatco has been advised to adapt standards of continued waste reduction, especially in areas where waste volumes are high and likely to cause pollution,a draft Environmental Scoping and Management Plan...
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How to save when you live alone
Living alone can be both an exciting journey and a challenging one. It gives you a sense of freedom, where you are the sole ruler of your domain, yet it is considered to be more expensive when compared...
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Debmarine Namibia donates to intermediate hospital
Debmarine Namibia recently donated portable wheeled bins, refuse bags, water and t-shirts towards the cleaning campaign of the Oshakati Intermediate Hospital to the value of N$140,000. In addition, the...
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Uranium prices give mixed signals
Paladin Energy, which will put its Langer Heinrich Mine in the Erongo Region on care and maintenance beginning next month, due to low uranium prices, expects the uranium market to undergo a fundamental...
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Namdeb expects to sell mine in Q4
Diamond producer, Namdeb, which operates land based diamond mines in the Karas Region, expects to sale its Elizabeth Bay Mine near Luderitz in the fourth quarter of 2018, Corporate Affairs Manager,...
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Profile Investment to commission fertilizer plant in September
As you drive on the Windhoek–Otjiwarongo road, 50 km before the cheetah capital of the world, is an imposing structure that has emerged from the farmlands on the left hand side; this is the home of...
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Namibia can tap into UK’s post Brexit plans
Namibia can benefit from the United Kingdom’s plans to become the largest G7 investor in Africa by 2022, a local economist has said. Prime Minister, Theresa May, announced this week during her visit to...
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Capricorn acquires Entrepo, 30 percent stake in Nimbus
Capricorn Holdings, which owns lender Bank Windhoek, has acquired a 30 percent stake in telecommunication and technology company, Nimbus Infrastructure Limited. Capricorn believes the convergence...
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Crushing mahangu for profit
Taking action and being able to commit and persevere no matter the circumstances, is one of the most important attributes of an entrepreneur. It is a mind-set that requires grit and discipline. To...
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Banks rake in profits despite economic downturn
Most of the country’s major banks have managed to increase profits despite reporting a tough operating economic environment, their financial statements show. Nedbank Namibia said in its financial...
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Namdia seeks new clients for rough diamonds
Namibia Desert Diamonds or Namdia is in the process of adding at least 10 new clients to buy its rough diamonds, to bring the total number of clients to 15. Spokesperson, Usi //Hoebeb, told the...
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Namfisa concerned about pension withdraws
Namibia Financial Institutions Supervisory Authority (NAMFISA) says it is concerned about an increase in the withdrawal of pension benefits. In its 2017 Annual Report, the authority said that it finds...
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Letshego pays maiden dividend
Letshego Namibia has paid its maiden dividend of 19,20 cents per share following its September 2017 listing on the Namibian Stock Exchange. The company listed on the local bourse on 28 September last...
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Oryx’s profit rise to N$37 million
Oryx Properties says the economic landscape remain challenging despite its profit for the financial year ended 30 June 2018 increasing slightly to N$37 million from N$31 million the previous year....
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Medical aid funds record surplus
The medical aid fund industry reported a net surplus in 2017 and remained well capitalised, the 2017 Namibia Financial Institutions Supervisory Authority (Namfisa) annual report has revealed. The...
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