Business (650)

  • 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,
  • 15
  • Dec
This year will go down in history as the year that Namibia, once a shining economic star in Africa, had its credit rating downgraded by both Moody’s and Fitch, two of the three leading international credit rating agencies in the world.
  • 15
  • Dec
Ministry of Works and Transport officials are our mamparas of the year in the business category after they left Government with a multi-million dollar bill through either over-committing themselves on projects or embarking on road projects that were not budgeted for.
  • 15
  • Dec
Namibia received mixed rankings this year in the World Economic Forum’s Global Competitiveness Report 2017-18 and the World Bank Group’s annual Ease of Doing Business Report.

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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