Business (243)

  • 19
  • Jan
Johannesburg Stock Exchange (JSE) and Namibia Stock Exchange-listed Trustco Group Holdings says it is not losing sleep over the opinions of critics who have compared its operations
  • 19
  • Jan
The Namibian economy is expected to remain in the woods, with recession expected to continue into 2018, economist Eloise du Plessis of PSG Namibia, said this week.
  • 19
  • Jan
Biokinetics Association of Namibia has strongly denied a report carried by the Windhoek Observer last week, which claimed that some biokineticists had lobbied the Namibia Financial Institutions
  • 19
  • Jan
With four years of its lifespan left, Namdeb, which runs the land based diamond mining operations around Oranjemund, has announced a voluntary retrenchment exercise for at least 130 of its 1,700 workforce.
  • 19
  • Jan
The planned phasing out of cheques as a mode of payment in Namibia has been delayed as a number of statutory laws need to be reformed first, the Bank of Namibia (BoN) has announced.
  • 15
  • Jan
Zimbabwe Anti-Corruption Commission has cleared Minister of ICT and Cyber Security Supa Mandiwanzira of allegedly abusing his office and corruption.
Former NetOne CEO, Reward Kangai had reported Mandiwanzira to ZACC.
The allegations stated that the minister, Supa had engaged a South African firm for consultational services for US$4 million without going to tender as is standard procedure.

However, according to the investigations by ZACC, the allegations are false.
In a statement by Goodwin Nguni reported by the Standard, the commissioner in charge of investigations said:
We received a complaint by one Reward Kangai against minister Mandiwanzira, but we also simultaneously received a report from NetOne against the same Kangai.
We investigated the $4 million that Kangai alleged the minister had paid to Megawatt and we found out that there was no $4 million paid to anybody at Megawatt. We had a court order, raided NetOne offices and looked at their bank statements, went to check at the Reserve Bank of Zimbabwe and other banks. We established that no money was ever paid by NetOne that amounted to $4 million, so we disregarded that story.
But NetOne complained against Reward Kangai in substantive cases of fraud and corruption in the awarding of tenders for base stations by a company called Bopela and we are on it. Very soon we will get to some action regarding that. So we are not covering up for any minister.-techzim
 
  • 12
  • Jan
As part of its ongoing efforts to promote the Namibia Logistics Hub Project, the Walvis Bay Corridor Group (WBCG), with support from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ),
  • 12
  • Jan
The Development Bank of Namibia (DBN) has recorded a net profit of N$172 million for the financial year ended 31 March 2017, the bank announced this week.
  • 12
  • Jan
Biokineticists operating in the country are alleged to have lobbied the Namibia Financial Institutions Supervisory Authority (Namfisa) to cancel gym and wellness rebates, the Windhoek Observer has established.
  • 12
  • Jan
Tourism industry operators in Swakopmund, one of the country’s most visited resorts during the December holiday season,
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WINDHOEK OBSERVER

The Windhoek Observer is an English-language weekly newspaper, published in Namibia by Paragon Investment Holding. It is the country's oldest and largest circulating weekly.

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