The president of the official opposition Popular Democratic Movement (PDM), McHenry Venaani has called for political dialogue following the Chinatown that transpired last resulting in the arrest of NEFF commissariat for economic emancipation, Michael Amushelelo. In a statement over the weekend, Venaani said there was a very strong argument thatContinue Reading
THE recently unveiled Welwitschia Fund that commenced with money estimated around N$300 million will derive its funding from multiple sources, President Hage Geingob has said. The funding sources for the sovereign wealth fund, are comprised of a combination of streams, including a portion of royalties collected from the sale ofContinue Reading
PRICES for oils and fats augmented by 23.4 percent in April 2022 compared to 7.5 percent recorded during the same time a year earlier driven by the increase in the price levels of Cooking oil that escalated from 13.9% to 35.3%, the Namibia Statistics Agency (NSA) has said. Equally, pricesContinue Reading
As Toyota dominates the Namibian market in April SIMONIS Storm Securities anticipates new vehicle sales to continue trending upwards as local demand remains resilient, despite Namibia being in an interest rate hiking cycle. The firm’s economist, Theo Klein this week said vehicle sales will also likely be supported by rentalContinue Reading
BANK of Namibia governor, Johannes Gawaxab has said that the central bank undertakes to execute its statutory mandate and is strongly committed to managing the Welwitschia Fund in line with the Bank of Namibia Act (1) of 2020 section 4 which expands on the holding and managing of the foreignContinue Reading
The Zambian and Namibian governments are next month expected to sign a Memorandum of Understanding for the construction of a Gas and Oil pipeline from Windhoek into Lusaka. Energy Minister Peter Kapala disclosed this when he paid a courtesy call on Siavonga District Commissioner Geoffrey Jakopo at his office. KapalaContinue Reading
NAMIBIA Breweries Limited (NBL), a subsidiary of the Ohlthaver & List (O&L) Group has announced the temporary discontinuation of its low-alcoholic and -kilojoule beer brand, Windhoek Light. NBL foresees the current stock of Windhoek Light to be sufficient at current demand for the month of May 2022, after which theContinue Reading
With the employment challenges faced by recent graduates in the country, Old Mutual Namibia saw the need to play their part in easing this burden the nation faces. Old Mutual Namibia put out a call inviting recent graduates to apply for a chance to gain market related skills to betterContinue Reading
Development Bank of Namibia (DBN) has signed an agreement to provide N$193 million to finance a new solar power generation plant, near the Kahn substation in the Namib Desert. The plant will feed 20 MW into Nampower’s Kahn substation, from where it will be distributed to households and industrial consumers.Continue Reading
AIM-listed investment company Kazera Global has raised N$20 million, before expenses, through placing 100-million new ordinary shares at a price of 10c apiece with new and existing investors, representing a 5% premium to the closing price on June 4. Kazera invests in South Africa-based diamond and heavy mineral sands projects,Continue Reading
