Business (652)

  • 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.

  • 13
  • Apr

A joint venture between O&L Energy and Croniment Mining Power Solutions from Germany - OLC Solar Energy - has won a tender by electricity distributor, CENORED, to construct a 6,4 MegaWatt (MW) Solar Plant in Tsumeb.

  • 13
  • Apr

In times of economic uncertainty, it is always comforting to know that you can depend on friends and family to assist you. That was the common message from Bank Windhoek’s GroupSave competition, which ran from December 2016 to February 2017.

  • 13
  • Apr

Bank Windhoek this week announced the introduction of GoPay, the bank’s unique mobile payment solution for fuel. Managing Director, Baronice Hans, said with over 80 fuel merchants signed up countrywide, GoPay will allow the bank’s customers to pay for fuel, using the existing Full Service CellPhone Banking platform.

  • 13
  • Apr

Agra has been awarded four Professional Management Review (PMR) Awards. In a statement this week, the company said it had won the Diamond Arrow awards - the highest award - in the categories of seed cultivar providers and farm implement dealerships.

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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