Windhoek Observer

Paratus partners Nampower’s online grid

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.

Increased Namibian borrowing worries BoN

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. 

Government gives too much for low returns

Recent cases of foreign billionaires, overseas companies and erstwhile investors buying land, privilege and protection in Namibia are a concerning trend. 

RFA moots tolls to meet N$6.3bn funding gap

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.

Schlettwein is nobody’s fool

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!”

Deeds and Estates

Desie Dawid Heita
Veteran Journalist Desie Heita was born at Omutwewoshimbungu in the northern regions of Namibia on the 25th of October 1978.  In an untimely demise that sent shockwaves within the media fraternity, the late Heita died on the 4th of October 2018. He is survived by both his parents and a minor child. His collective estate comprising of an Audi A3 vehicle and Old Mutual Unit Trusts amounted to N$331,507.03

PDM says investment summit is electioneering

The Popular Democratic Movement (PDM) on Wednesday labelled the just-ended Namibia Economic Growth Summit an electioneering conference aimed to collect political points for the governing party.

CPB throws out diamond tender appeal

The Central Procurement Board’s (CPB) review panel has thrown out an appeal lodged by Prestige Diamond and Global Diamond Valuators Namibia over the awarding of the lucrative diamond valuation tender to Gem Diamonds Namibia.

NamibRe declares N$6.15m dividend to Government

The Namibia National Reinsurance Corporation (NamibRe) has declared a N$6.15 million dividend for the financial year ended 31 March 2018, representing 20 percent of its net profits after tax.

KIAT eyes Amta’s meat plant

KIAT Investment Holding, the company which won the rights to operate and manage the Oshakati Elolo Abattoir says it’s considering engaging the beleaguered, Agro-Marketing Trading Agency (AMTA) to lease its meat processing plant in Ongwediva.
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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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