Windhoek Observer

Agribank’s loan disbursements hit N$438m

The Agribank of Namibia has revealed that it disbursed loans worth N$438 million to 701 applicants in the 2019 financial year, an increase from N$358 million advanced in 2018.

Businesswoman defrauds own company

Businesswoman Sharon Neumbo who was arrested last Friday on fraud allegations is alleged to have paid herself salaries of up to N$170,000 on some occasion without authorisation from fellow board members.

The brains behind ZZI KIDS HAIR STUDIO

For most entrepreneurs, finding the right viable business idea can prove to be a challenge, but for Morna Ikosa, owning a hair studio was a lifelong dream.

Depressed economy hits property prices

The latest FNB House Price Index shows the depressed state of economy has had a negative impact on property prices, with Henties Bay being the hardest hit, with prices contracting by 37.5 percent.

GIPF rakes in N$741m from DCP investments

The Government Institutions Pension Fund (GIPF) has revealed that it has realized over N$741 million in dividend from its three remaining investments made under the now defunct Development Capital Portfolio (DCP).

What is the solution for SOE Boards?

Minister of Public Enterprises Leon Jooste and the various line ministers still in charge of SOEs face a dilemma. Qualified board members are needed for governance and oversight of commercial SOEs.  How do you find and retain them?

RA turns down RCC merger …as government mulls closure

The Roads Authority (RA) has declined a government proposal to merge its operations with that of beleaguered government-owned contractor, Road Contractor Company (RCC), sources have revealed.

Bank Windhoek launches Selekt Gold offering

Bank Windhoek on Wednesday launched its new Selekt Gold offering, the culmination of Bank Windhoek’s quest to provide the market with a relevant, holistic financial solution.

FirstRand Namibia records N$1.58 billion profit

FirstRand Namibia, the parent company of FNB Bank has a N$1.58 billion profit in its 2019 end-year results, a 2,2 percent increase from N$1.55 billion recorded prior year.

AVBOB rebrands to NAMBOB

Namibian private equity firm, Eos Capital on Thursday launched its NAMBOB brand onto the Namibian funeral space, as part of a rebranding exercise of AVBOB Namibia Holdings (Pty) Ltd after receiving the requisite regulatory approval to complete the acquisition of the business, which was funded through its N$460 million Allegrow Fund.
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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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