Business (506)

  • 02
  • Nov
Namibia has dropped to 107 in the 2018 World Bank Easy of Doing Business ranking from 106 last year.
  • 02
  • Nov
Chariot Oil, which drilled a dry well last month offshore Namibia, says it will now focus on Morocco and Brazil, although it will maintain a presence locally.
  • 02
  • Nov
The frosty relationship between Mines and Energy Minister, Tom Alweendo, and the Namib Desert Diamonds (Namdia) board was highlighted this week when directors of the diamond marketing and sales company skipped the handover of a N$50 million dividend cheque to the minister.
  • 02
  • Nov
The Government Institutions Pension Fund (GIPF) is set to repatriate about N$8 billion back to Namibia from foreign jurisdictions by the end of March next year as the country’s biggest pension fund moves to meet new regulatory requirements that pension funds should invest 45 percent of their assets locally by April next year. 
  • 26
  • Oct
The once loss-making Windhoek Country Club Resort and Casino has continued with its profit making trajectory by declaring a N$6 million dividend to government this week.
  • 26
  • Oct
Capricorn Group Financial Officer, Jaco Esterhuyse, believes that the company’s operations in Botswana and Zambia are primed for growth in the near future.
  • 26
  • Oct
Eos Capital, a local private equity fund manager, has partnered with international firm, Phoenix Infrastructure, to set up the Investment Development and Investment Company (IDICON), which will finance infrastructure projects in Namibia.
  • 26
  • Oct
The Southern African Development Community Centre for Renewable Energy and Energy Efficiency (SACREEE) was launched in Windhoek on Wednesday by the Minister of Mines and Energy, Tom Alweendo. 
  • 26
  • Oct
Mines and Energy Minister, Tom Alweendo, has scrapped the controversial additional conditions on exploration mining licences that had threatened Namibia’s position as one of Africa’s top mining investment destination.
  • 26
  • Oct
Namibia still offers low viable investment opportunities for pension funds despite recent regulatory changes which demand that more of their funds be invested locally.
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