NAMPORT CEO, Andrew Kanime has clarified that new container terminal will not be sold but the Authority is only considering concessioning the N$4.2 billion terminal which was commissioned in recent years, Business Express understands. Concessioning is the process whereby an asset, owned by the public sector, is availed for operationContinue Reading
PREMIUMS paid by member institutions amounting to N$5.079 million and a total annual interest income of N$278,496 has led to a 3.8% year-on-year increase in the market value of the Deposit Guarantee Fund to N$10.260 million. This was revealed in the Namibia Deposit Guarantee Authority (NDGA)’s second Annual Report forContinue Reading
Through the collaborative efforts between the Otjiwarongo Town Council and the National Housing Enterprise (NHE), the housing enterprise acquired 40 plots from the Town Council in 2021 and development was initiated, Business Express understands. Recently, NHE management team led by its Chief Executive Officer, Gisbertus Mukulu visited the project siteContinue Reading
PANELISTS at the just ended the fourth edition of the Namibia International Energy Conference in Windhoek have told Namibia not to be apologetic about using oil and gas to anchor its industrialisation agenda. Moderated by African Energy Chamber Executive Chairman, NJ Ayuk, speakers during the panel included Tom Alweendo, MinisterContinue Reading
The word “retire” was borrowed from the French language. They used it in the military during the 16th century to indicate a time when soldiers needed to “withdraw to a place of safety or seclusion”, after their service in the military. The term retirement for us in Namibia means thatContinue Reading
Namibia has been ranked 59th out of 84 jurisdictions surveyed in the Fraser Institute Annual Survey of Mining Companies 2021, seen as a benchmark of a country or region’s attractiveness to mining investment. The ranking is one of Namibia’s lowest ever and compares with 52nd out of 77 in 2020Continue Reading
Minister of Industrialisation and Trade Lucia Iipumbu has said that the region needs to guard and covet its natural active ingredients sector against undue exploitation, which is the bedrock of both the pharmaceutical and cosmetics sector. Speaking at the SACU ministerial investment roundtable last week, Iipumbu highlighted that efforts areContinue Reading
Acting minister of Public Enterprises, Iipumbu Shiimi has dismissed talk of a potential TransNamibia liquidation saying that there is no truth in the allegations as portrayed in the media. Iipumbu emphasised that the State maintains the view that TransNamib is a strategic entity in the country’s logistics hub aspirations andContinue Reading
NEDBANK Namibia is committed to the financing of projects that bring economic development to the country, and roads are an important catalyst for the economic development of Namibia. This was revealed last when Nedbank Namibia advanced a loan of N$350 million to the Road Fund Administration (RFA) to finance theContinue Reading
THE national weighted average house price ended the year 2021 at N$1 181 225, down from N$1 240 943 in 2020, the FNB residential property price index reveals. The index posted a 12-month average growth of 7.1% at the end of 2021 from 10.4% at the end of the priorContinue Reading
