Business (606)

  • 21
  • Apr

Production at Paladin Energy’s Langer Heinrich Uranium in the Erongo Region has dropped by more than a quarter to 896 070 pounds, in the four months ended 31 March, the company said this week. Paladin said production and unit costs were impacted by the first full quarter of a planned reduced production.

  • 21
  • Apr

Shareholders of new short-term insurance company, King Price, have pumped in N$35 million as start-up capital. Namibian shareholders own a combined 26 percent stake in King Price, while the rest of the shares are owned by Munich Re and the Mertech Group, whose owner, Francois van Niekerk, co-founded the Atterbury Property Group.

  • 21
  • Apr

The London Stock Exchange Group (LSEG) has identified the Meat Corporation of Namibia (Meatco) as one of Africa’s most inspiring companies in the United Kingdom at the launch of the ‘Companies to Inspire Africa’ which puts forward the most dynamic companies on the African continent.

  • 21
  • Apr

This week Standard Bank Namibia signed a sponsoring banking relationship agreement with Namibia Post Limited (NamPost) which will enable Nampost’s clients to have access to the National Payment System.

  • 21
  • Apr

According to the Namibia Statistics Agency (NSA), the annual headline inflation rate in March, as measured by the Consumer Price Index (CPI), declined for the second consecutive month, but remained uncomfortably high while the upside risk to the inflation outlook has increased.

  • 21
  • Apr

Bank Windhoek has cautioned parents to tighten their belts even further to ensure their children receive a good education in view of the government budgetary cuts now affecting secondary schools. 

  • 21
  • Apr

Agra this week increased its footprint with the opening of a retail branch at the Hardap Irrigation Scheme named Agra@Hardap, the first retail outlet of its kind. Agra’s CEO, Arnold Klein, said Agra@Hardap was established with the purpose to bring products and services closer to the agronomic producers in the area.

  • 13
  • Apr

Statistics contained in the Bank of Namibia’s annual report for the financial year ended 31 December 2016, show a steep decline in the value and volumes of cheques issued during last year. A total of 1,1 million cheques were processed during 2016, with a combined total value of N$10 billion, which represents a 60 percent decline in value from the N$27 billion recorded in prior year.

  • 13
  • Apr

FNB Namibia has launched its N$100 million Macro, Small and Medium Enterprises (MSME) special fund, which is designed to cater for the financial and capital requirements of that particular sector. MSMEs can now apply for funding with the bank, averaging between N$100,000 and N$3 million for their various projects if they meet the required standards.

  • 13
  • Apr

The National Energy Fund (NEF) administered fuel levy has collected N$1,5 billion from motorists since its inception in 2012, the Ministry of Mines and Energy has said. Motivating his ministry’s 2017/18 budget vote in Parliament last week, Mines and Energy Minister, Obeth Kandjoze, said the fund had paid N$340 million to suppliers of petroleum products to subsidise the prices of petrol and diesel during the 2016/2017 financial year.

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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