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Sakaria Nghikembua appointed MMI chair
Agribank CEO, Sakaria Nghikembua has been appointed the new Chairperson of MMI Holdings Namibia with effect from 11 June 2019. Nghikembua is a former Chief Executive Officer of Operations at Old Mutual...
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BAN warns of latest scam
The Bankers Association of Namibia (BAN) has warned the public of a new scam where fraudsters use a new technique to scam clients out of their money. BAN Chairperson Sarel van Zyl said as part of the...
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Standard Bank increases support to hospitality sector
Standard Bank has for the 15th year running committed itself to the growth of the local tourism and hospitality sector by sponsoring the two-day Hospitality Association of Namibia (HAN) Tourism...
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Debmarine signs off funding for new vessel
Four local banks, Nedbank Namibia, RMB Namibia, Standard Bank, Bank Windhoek and South Africa’s ABSA have provided an N$5.6 billion loan to Debmarine Namibia towards funding the acquisition and...
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Letshego Namibia down plays group turbulence
Namibia Stock Exchange-listed Letshego Namibia has down played the impact of the on-going turbulence at its Botswana based holding company, Letshego Group, which has led to the exodus of five top...
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GIPF appoints Kuleni Fund Administrators CEO
The Government Institutions Pension Fund (GIPF) has announced the appointment of Selby Sibeya, as the new Chief Executive Officer of Kuleni Fund Administrators (Pty) Ltd, a wholly owned subsidiary of...
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FNB supports Zambezi fish protection project
FNB Namibia, through the FirstRand Namibia Foundation Trust has supported the Sikunga Fish Protection project in Zambezi with a total amount of N$775,000 to curb illegal fishing, over a three-year...
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Germany to advance loans in local currency
Germany has revealed that it will start advancing loans to Namibia in the local currency, a shift from its previous position, where loans were advanced in foreign currency. The move according to German...
View ArticleKfW still keen on funding desalination plant
German state-owned development bank, KfW says it is still keen to provide funding towards the construction of a desalination plant at the coast should the results of on-going feasibility study...
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EU drives Meatco revenues
International markets — the Norwegian, UK and European Union markets — showed their dominant contribution to Meatco’s bottom line, with the three accounting for 74.68 per cent of the meat processors...
View ArticleSA companies in laying off spree
Parmalat SA has joined the growing list of companies embarking on restructuring that could leave hundreds of its workers in the distribution section of the company jobless. The company did not answer...
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PEGA brings imminent changes to Meatco
Meatco producers are faced with imminent changes, amid speculation that the looming implementation of the Public Enterprises Governance Act (PEGA) could curtail their powers. Meatco producers, through...
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NDTC rules out diamond auctions
Namibia Diamond Trading Company (NDTC) has ruled out the possibility of introducing diamond auctions in the sale of its products. The company which is 50:50 joint venture between the government of...
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Metro project excites TransNamib
TransNamib says it is excited about the business prospects for the company, should government move ahead with the implementation of its metro rail passenger service in Windhoek. The company, which...
View ArticlePremier African Minerals to provide loan for Otjozondu mining project
Premier African Minerals and Cambrian have agreed to provide a strategic loan to MN Holdings (MNH), the owner and operator of the Otjozondu Manganese Mining Project in Namibia. Together, the companies...
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BON Hotels adds two hotels in Namibia
Through an alliance with the Theart family, well-known in business circles in Namibia, and with a great deal of experience in the hospitality industry, BON Hotels will now expand its footprint across...
View ArticleEmpowering quality of life
The mind allows people to have awareness of their thoughts and emotions. People with positive mind-sets can contribute to a healthy society, its development and potentially, its economic progression,...
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DBN loans N$297.3 million to SMEs
The Development bank of Namibia (DBN) says it has provided loans of N$297.3 million since it was given back its mandate of funding SMEs with an annual turnover of less than N$15 million, following the...
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Online tax registration numbers low
The Ministry of Finance says only 90,000 tax payers have registered on its Integrated Tax Administration System (Itas) online tax portal from a targeted 700,000 since its launch in January this year....
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Nakaambo realizes her dream
With government taking a focus on SMEs to drive the growth and creating employment in the local economy, media personality and entrepreneur, Robyn Nakaambo says the recent opening of her Superlative...
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