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NamPower bets on renewable energy
NamPower is betting on renewable energy to boost the country’s local generation capacity. The company whose mandate is to ensure power supply in the country, currently has an installed capacity of...
View ArticleFarmers get VAT exemption on feed imports
Farmers have welcomed the recent decision by government to exempt them from paying Value Added Tax on the importation of animal feed. The Ministry of Finance relief granted in terms of Rebate Item...
View ArticleRental prices contract slowly
The FNB Rental Index which tracks advertised rental prices across the country, recorded a slower contraction of 3.0 percent year-on-year (y/y) at the end of May 2019. According to the index, the...
View ArticleElso outsources to CIC
Elso Holdings says its working on minimizing likely job loses that will emanate from its recent decision to outsource its logistics and distribution. This comes as the cleaning materials manufacturer,...
View ArticleKIAT eyes Amta’s meat plant
KIAT Investment Holding, the company which won the rights to operate and manage the Oshakati Elolo Abattoir says it’s considering engaging the beleaguered, Agro-Marketing Trading Agency (AMTA) to lease...
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NamibRe declares N$6.15m dividend to Government
The Namibia National Reinsurance Corporation (NamibRe) has declared a N$6.15 million dividend for the financial year ended 31 March 2018, representing 20 percent of its net profits after tax. The...
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RFA moots tolls to meet N$6.3bn funding gap
The country’s road infrastructure funding gap could reach N$6.3 billion in the next five years from the current N$1.1 billion, the Road Fund Administration (RFA) has warned. “We need N$3.7 billion to...
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Increased Namibian borrowing worries BoN
The Bank of Namibia (BoN) says itis worried by the continued rise in the amount of personal loans by Namibians to supplement their incomes and lifestyles, with currently levels according to its...
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Paratus partners Nampower’s online grid
NamPower owned telecommunications service provider, The GridOnline has revealed that it has signed an agreement with emerging telecoms company, Paratus Telecommunications to make use of its fibre optic...
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Economy eats into SSC contributions
The Social Security Commission (SSC) says the weakened state of the economy has had a negative impact on its revenues, which heavily rely on companies paying their employee monthly contributions. This...
View ArticleEngen plans to optimize service offerings
Engen Namibia says it’s looking to optimize its customer offering at its existing service stations to increase value rather than expand the number of sites it operates in the country. “It’s not...
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Entrepreneurial development opportunity for Namibian Youth
In Namibia, 44 per cent of young people are unemployed and there is mounting pressure on Government institutions and departments to provide employment opportunities for them.Over the past few years,...
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Capricorn Group repositions Cavmont Bank
The Capricorn Group says it has repositioned its loss-making Zambian unit, Cavmont Bank to focus primarily on servicing the neighboring country’s SMEs sector as part of its turnaround efforts. The...
View ArticleHigh-Level Panel forecasts 12-month recovery
The High-Level Panel on the Namibian economy forecasts that the domestic economy could recover in the next 12 months. The 22-member panel which draws its expertise from different fields including...
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NCCI elects new leadership in the north
The recent election of a new leadership in three of Namibia Chamber of Commerce and Industry (NCCI) northern regions is expected to bring to an end the fight for control of the organisation’s members...
View ArticleZamco not affected by FMD outbreak
The Zambezi Meat Corporation (Zamco) says the recent outbreak of foot and mouth in the Zambezi region does not have an impact on its operations as the company is still to start its operations. The meat...
View ArticleLetshego bemoans impact of Micro Lending Act
Namibia Stock Exchange-listed Letshego Namibia says the introduced Micro Lending Act will impact on the profitability of its micro-lending business going forward as it moves to develop new product...
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AVBOB rebrands to NAMBOB
Namibian private equity firm, Eos Capital on Thursday launched its NAMBOB brand onto the Namibian funeral space, as part of a rebranding exercise of AVBOB Namibia Holdings (Pty) Ltd after receiving the...
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GIPF rakes in N$741m from DCP investments
The Government Institutions Pension Fund (GIPF) has revealed that it has realized over N$741 million in dividend from its three remaining investments made under the now defunct Development Capital...
View ArticleDepressed economy hits property prices
The latest FNB House Price Index shows the depressed state of economy has had a negative impact on property prices, with Henties Bay being the hardest hit, with prices contracting by 37.5 percent....
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