Windhoek Observer

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.

730 million reasons to rethink the HQ

In the middle of an economic depression, where jobs are being lost left, right and centre, few jobs are on offer in the civil service, kids are dying in shack fires, students aren’t able to have loans for education and anger in the streets is rising, building an ostentatious new SWAPO headquarters (HQ) right now, reportedly with Chinese financial support, is a mistake.

Chinese govt denies funding new SWAPO office

Chinese Ambassador to Namibia, Zhang Yiming, has rubbished recent media reports suggesting that the Chinese government will fund construction of the new N$730 million SWAPO headquarters.

Wildlife perish due to drought

Namibia has resorted to wildlife auctions to raise funds to save animals that are perishing in the country’s national parks due the persistent drought, the Windhoek Observer can reveal.

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 tourism sector.

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.

Pry loose the leeches

Recently, President Hage Geingob met with student leaders at State House and is quoted as saying that not all students accepting NSFAF loans for their education have parents who are without financial options. 

Capricorn Group as part of its efforts to contribute towards developing leadership, launched its Senior Management Development Programme (SMDP) this week. 

Osino plans N$22m capital raise

Osino Resources Corp has announced plans to raise N$22 million through a non-brokered private placement.

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.

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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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