AfriTin Mining reaches power supply agreement for Uis Mine
Namibia and South Africa-focussed mining company, AfriTin Mining, announced the conclusion of an electrical power supply agreement for its mining and processing facility at the Uis Mine on Wednesday,...
View ArticleFNB customer happy with banks service
Business Intelligence Africa (BIA) recently conducted an online Customer Satisfaction Survey of existing FNB customers using international benchmark standards. The survey aimed to solicit feedback...
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Bank Windhoek introduces Hey Jude App
Bank Windhoek has become the first local Bank to introduce the Hey Jude App to the Namibian market. The Hey Jude for Bank Windhoek App is the world’s first mobile assistant operated by humans aided by...
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NCCI calls for performance guarantees reform
The Namibia Chamber of Commerce and Industry (NCCI) has called on government to do away with the requirement that construction companies provide performance guarantees (that can only be sourced from...
View ArticleWhite Metal to buy four Namibian copper properties
White Metal Resources has announced that it entered into two binding letters of intent to purchase a 95 percent interest in certain prospective copper properties in Namibia. The miner says the two LOIs...
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North faces increased residential property demand
The latest FNB House Price Index shows increased demand for residential property in the North – as volumes continue to climb, improving from 6.2 percent y/y in March 2018 to 43.4 percent y/y at the end...
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Tullow Oil in N$173m Namibia oil block deal
Calima Energy has agreed to sell its 56 percent stake in the deep-water exploration licence PEL 90 off the coast of Namibia to UK oil and gas major Tullow Oil for an upfront payment of N$28.9 million...
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Damen, Debmarine Namibia formalise partnership
Damen Shipyards Group and Debmarine Namibia participated in a special steel cutting ceremony to mark the beginning of construction on a new offshore vessel, AMV 3. At 177 metres (577 feet) long, the...
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Osino plans N$22m capital raise
Osino Resources Corp has announced plans to raise N$22 million through a non-brokered private placement. The Canadian gold exploration company which is focused on the acquisition and development of...
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Capricorn launches Senior Management Development Programme
Capricorn Group as part of its efforts to contribute towards developing leadership, launched its Senior Management Development Programme (SMDP) this week. The programme, facilitated by Capricorn...
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Communicate with your creditors during tough times
There comes a time in any entrepreneur’s lifecycle when situations get tough. With the current persisting drought, combined with a challenging economic environment, entrepreneurs might find themselves...
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Eos bags Avbob
Private equity fund, Eos Capital, through its Allegrow Fund, has acquired AVBOB Namibia Holdings (Pty) Ltd from its South African parent, AVBOB Mutual Insurance Society for an undisclosed amount. The...
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Govt happy with Erindi deal
Government says it’s happy with the outcome of the Erindi deal, which will see Mexican billionaire, Alberto Baillères acquiring the vast property, as it provides an investment boost into the country’s...
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Namibian economy continues to struggle
The International Monetary Fund (IMF) says the country is battling to identify policies and reforms that can spur the domestic economy. “The authorities’ consolidation plans strike a right balance...
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Coca Cola invests in solar power system
Coca-Cola Beverages Africa (CCBA) has invested N$5.7 million towards the installation of 1,740 solar panels and nine solar inverters on the roof of the Coca-Cola Namibia Bottling Company (CCNBC), where...
View ArticleBroadway Gold Mining buys more exploration sites
Canadian mining exploration company Broadway Gold Mining has acquired an 85 percent interest in a land package in Namibia covering approximately 56.3km². As part of the deal, Broadway has signed...
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Debmarine embarks on career outreach programmes
In a move aimed at sensitizing about careers in the marine recovery industry, bursaries and scholarships offered by the Company, Debmarine Namibia stretched the School Outreach programme to the...
View ArticleGIPF invests in improved efficiency
The Government Institutions Pension Fund (GIPF) says it has embarked on Business Process Improvement (BPI) project, which aims to improve efficiency in its operations. According to the fund, the...
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Fuel sales slump impacts MVA Fund revenues
Motor Vehicle Accident Fund of Namibia (MVA Fund) says the decline in fuel sales, due to depressed consumer spending as a result of the depressed economic conditions in the country has impacted on its...
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CoW plans to increase parking fees
The City of Windhoek is in the process of implementing a new parking system in the central business district and its parking lots, with drivers expected to pay more to be able to secure parking....
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