Business (602)

  • 31
  • May
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.
  • 31
  • May

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.

  • 24
  • May

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 faced with cash flow difficulties. As a result, this can negatively affect payments to creditors.

  • 24
  • May

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

  • 24
  • May

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

  • 24
  • May

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.

  • 24
  • May

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 and success bonuses of up to N$144.5 million.

  • 17
  • May
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 of March 2019.
  • 17
  • May
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.
  • 17
  • May
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 commercial banks) when bidding for or carrying out work for public institutions.
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WINDHOEK OBSERVER

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