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Don explains the rise and transformation of Nam-mic
Q: In terms of the regulation on the financial sector, what’s your take? A: Regulatory bodies are very consultative. There is open communication with them. Within a small economy there needs to be...
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Capricorn to consolidate before expanding abroad
The Capricorn Group - the holding company of Bank Windhoek - says it has no immediate plans to invest in other countries in the region outside Namibia, Botswana and Zambia. In an interview with the...
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Namibia part of Chinese US$60 billion Africa plan
China’s recent US$60 billion pledge to Africa is the topic of discussion across the continent from Angola to Zimbabwe, with many expressing fear that the Asian economic powerhouse’s quest for natural...
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Multi-million dollar plastic factory bullish despite ban
Namibia Plastics, which is expected to start operating within the next few months, says it is unmoved by the introduction of a levy on plastic carrier bags and ban on the importation and domestic...
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N$200,000 loan benefit for Govt employees
Turbulent times and economic hardships are on the forefront of discussion in both the private and public sectors. The economic welfare of many Namibian households worsens as debt increases, resulting...
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Ino Harith bridges infrastructure funding gap
Ino Harith Capital is one of 17 licensed, Namibian owned and run, unlisted investment managers currently operating in the country.This fund manager has a focus on infrastructure funding as part of its...
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NBL weighs export plant outside SA, Namibia
Beer maker, Namibia Breweries Limited (NBL), is considering setting up a plant outside Namibia and South Africa from where it can export its products to its growing African markets. Namibia Breweries...
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TransNamib eyes SA manganese exports
State-owned railway operator, TransNamib, is considering the merits of transporting manganese from South Africa’s Northern Cape mines by rail for export via the port of Luderitz. CEO, Johny Smith, told...
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Company directors could face jail time
The corporate governance landscape has changed so much that company directors may end up in prison if they fail in their duties, a governance expert said this week in Windhoek. “If a company fails, the...
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Telecom achieves first profit in four years
Telecom Namibia has posted a positive bottom line for the first time in four years, the company’s Annual Report for the year ended 30 September 2017 show. Results also show that the integrated ICT...
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Millions in insurance premiums shipped abroad
Insurance companies reinsured N$264 million outside Namibia last year, according to the 2017 Annual Report of the Namibia National Reinsurance Corporation Limited (NamibRe). The money was mainly sent...
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CRAN to regulate postal services
Communication Regulatory Authority of Namibia (CRAN) plans to regulate postal services including those provided by NamPost, CRAN CEO, Festus Mbandeka, confirmed this week. CRAN plans to regulate...
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Tullow optimistic despite dry well …. Chariot Oil to start drilling
Tullow Oil remains optimistic about a future oil find in Namibia despite announcing this week that Cormorant-1 exploration well in the PEL-37 licence, offshore Namibia, encountered non-commercial...
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Salaries stagnation expected as recession bites
The recession, which has hit Namibia for nine conservative quarters since 2016, means Namibians will see limited chances of incomes increasing, as debt levels rise over time, Economist, Milner...
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Powercom now operates 429 towers
Powercom is now operating 429 towers across the country amid growth in mobile connectivity. Powercom, which is owned by Telecom Namibia, is an ICT infrastructure and equipment provider. Powercom CEO,...
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DBN to increase its presence across the country
The Windhoek Observer business reporter Chamwe Kaira (CK) this week spoke to Development Bank of Namibia (DBN) CEO, Martin Inkumbi (MI), whose term of office was recently extended by another five...
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FNB launches data free App
First National Bank (FNB) Namibia recently launched the FNB App in partnership with MTC. The App allows the bank’s customers to transact without the need of data or credit on their phones. Sarel van...
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Lawyer makes plans to stop Chinese loan
Windhoek based lawyer, Elize Angula, has threatened to take unspecified legal action against government in an attempt to stop it from borrowing N$10 billion from China. Angula told the Windhoek...
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Zimbabwe still to join SACU
Southern African Customs Union (SACU) says Zimbabwe has not officially communicated its intention to join the trade block. Zimbabwe’s finance minister, Mthuli Ncube, was quoted in the Sunday Times last...
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Meatco talks turnaround, re-engagement
With the country’s beef industry currently faced by a number of challenges, ranging from a persistent drought, which in turn has affected cattle number available for slaughter and disease outbreaks,the...
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