Business (535)

  • 05
  • May
African carriers’ posted the largest year-on-year increase in demand of all regions in March with freight volumes growing 33,5 percent, the International Air Transport Association (IATA) said this week.
  • 05
  • May
The latest Bank of Namibia Money and Banking Statistics report paints a gloomy picture for Namibia’s financial sector, with a decline in foreign reserves, and slow growth recorded in money supply and private credit extension.
  • 05
  • May
Entrepreneurial passion has driven Maria Tulonga into manufacturing and today her company, Embrace Namibia Enterprise, is the first of its kind in Namibia.
Embrace Namibia Enterprise is a chalk manufacturing company based in Okahandja founded in December 2015 by Tulonga Nikodemus but only started operating during 2016.
  • 05
  • May
In May last year, the government and De Beers signed a new 10-year sales agreement for the sorting, valuing and sales of Namdeb Holdings’ diamonds. The sales agreement is the longest ever signed between the two partners.
  • 05
  • May
The macro-prudential policy in the form of loan-to-value (LTV) regulation, implemented in March this year, is likely to contribute to reduced concentration risk for commercial banks, as well as promote preferential access to housing for first-time buyers, Bank of Namibia (BoN) says.
  • 05
  • May
FNB Namibia is estimated to have paid around N$300 million to acquire, Pointbreak and EBank, estimates and calculations by IJG Securities have shown.
The total purchase consideration has yet to be disclosed but IJG estimated it to be in the region of N$300 million.
  • 28
  • Apr

Tuna stocks in Namibian waters are on a rapid decline, a development that has been attributed to oil and gas exploration activities close to fishing grounds, the Windhoek Observer has learned.

  • 28
  • Apr

Rössing Uranium’s plans to build a N$200 million desalination plant at the coast has hit another snag after the Rio Tinto-owned business announced this week that Government has been dragging its feet in issuing the miner with the required water permits.

  • 28
  • Apr

Namibia Breweries Limited (NBL), a unit of the Ohlthaver and List (O&L) Group, has not ruled out introducing flavoured beer products either onto the Namibian or South African market.

  • 28
  • Apr

The Road Fund Administration (RFA) has laid out plans to automate Mass Distance Charges (MDC), in a bid to improve revenue collection. The envisioned technology will track the distance covered by vehicles exceeding a Gross Vehicle Mass of 3,5 tonnes, and automatically report kilometres travelled to a central system.

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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