Business (652)

  • 05
  • Jul
Namibia Diamond Trading Company (NDTC) has ruled out the possibility of introducing diamond auctions in the sale of its products.
  • 05
  • Jul
Meatco producers are faced with imminent changes, amid speculation that the looming implementation of the Public Enterprises Governance Act (PEGA) could curtail their powers.
Meatco producers, through the Meatco Act, among other things enjoy rights such as deciding on the appointment of board members to serve on the company’s board, a process which has become contentious over the years.
  • 28
  • Jun
Parmalat SA has joined the growing list of companies embarking on restructuring that could leave hundreds of its workers in the distribution section of the company jobless.
  • 28
  • Jun
International markets — the Norwegian, UK and European Union markets — showed their dominant contribution to Meatco’s bottom line, with the three accounting for 74.68 per cent of the meat processors total revenue, representing nearly three-quarters of Meatco’s overall income, the company’s latest annual shows.
  • 28
  • Jun
German state-owned development bank, KfW says it is still keen to provide funding towards the construction of a desalination plant at the coast should the results of on-going feasibility study recommend its construction.
  • 28
  • Jun
Germany has revealed that it will start advancing loans to Namibia in the local currency, a shift from its previous position, where loans were advanced in foreign currency.
  • 21
  • Jun

FNB Namibia, through the FirstRand Namibia Foundation Trust has supported the Sikunga Fish Protection project in Zambezi with a total amount of N$775,000 to curb illegal fishing, over a three-year period. 

  • 21
  • Jun

The Government Institutions Pension Fund (GIPF) has announced the appointment of Selby Sibeya, as the new Chief Executive Officer of Kuleni Fund Administrators (Pty) Ltd, a wholly owned subsidiary of the GIPF as of 01 June 2019. 

  • 21
  • Jun

Namibia Stock Exchange-listed Letshego Namibia has down played the impact of  the on-going turbulence at its Botswana based holding company, Letshego Group, which has led to the exodus of five top executives in the past year, including the group managing director, group financial officer and a CEO who only spent six months on the job.  Letshego Namibia says that the exodus has no material impact on the company.

  • 21
  • Jun

Four local banks, Nedbank Namibia, RMB Namibia, Standard Bank, Bank Windhoek and South Africa’s ABSA have provided an N$5.6 billion loan to Debmarine Namibia towards funding the acquisition and construction of the company’s latest marine diamond mining vessel, the AMV3.

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