The Capricorn Group says it has repositioned its loss-making Zambian unit, Cavmont Bank to focus primarily on servicing the neighboring country’s SMEs sector as part of its turnaround efforts.
In Namibia, 44 per cent of young people are unemployed and there is mounting pressure on Government institutions and departments to provide employment opportunities for them.
Engen Namibia says it’s looking to optimize its customer offering at its existing service stations to increase value rather than expand the number of sites it operates in the country.
The Social Security Commission (SSC) says the weakened state of the economy has had a negative impact on its revenues, which heavily rely on companies paying their employee monthly contributions.
This comes amid reports of increased job losses in the Namibian economy, with the Ministry of Labour reporting 236 jobs having been lost from April to the end of June and statistics released by the Employme
While misery abounds in tough times, Namibians are earning their reputation as complainers. If you ask anyone, they can list for you everything they feel is going wrong, but a national holiday of commemoration, such as Heroes’ Day on August 26th, is the time to focus on what is going right and learn something about our shared history.
NamPower owned telecommunications service provider, The GridOnline has revealed that it has signed an agreement with emerging telecoms company, Paratus Telecommunications to make use of its fibre optic infrastructure.
The Bank of Namibia (BoN) says itis worried by the continued rise in the amount of personal loans by Namibians to supplement their incomes and lifestyles, with currently levels according to its estimates standing at 84-85 percent of income.
Recent cases of foreign billionaires, overseas companies and erstwhile investors buying land, privilege and protection in Namibia are a concerning trend.
The country’s road infrastructure funding gap could reach N$6.3 billion in the next five years from the current N$1.1 billion, the Road Fund Administration (RFA) has warned.
We recently read a story in a local daily about a spectacular ‘donation’ of N$657 billion for infrastructure development from a company called African Experts Federation (AEF) that was just lying on the table for Namibia to simply pick it up, sign some papers, and review the details ‘later’. Ostensibly, the dinner bell is ringing, “Come and get it!”