Namibia’s trade deficit exacerbated to N$3.3 billion from the revised deficit of N$619 million recorded in March 2022 and far worse from a surplus of N$365 billion witnessed in April 2021, the Namibia Statistic Agency (NSA) has said. In a trade bulletin released today, NSA noted that on the contraryContinue Reading
RESPONDING to government’s growth at home initiative, medical equipment manufacturer, Fuda Medical has embraced linen saver manufacturing which would significantly bring down Namibia’s costs for importing these medical products. Established in 2019, Fuda Medical, which specialises in the production and sales of linen savers (Under pads and medicines plastic bottles),Continue Reading
PRESIDENT HAGE GEINGOB will this week lead a strong but lean delegation consisting of Ministers, senior government officials and private sector representatives to the World Economic Forum (WEF) Annual Meeting scheduled to take place from 22 – 26 May 2022 in DavosKlosters, Switzerland, under the theme “History at a TurningContinue 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
THIRTEEN Community Conservancies (CCs) in the Kavango-Zambezi (KaZa) landscape in northeast Namibia are currently benefiting from various interventions stemming from the Sustainable Wildlife Management Community Conservancy Project (SWM-CC) under the SWM Programme launched last year. The SWM Programme, in collaboration with the Government of Namibia, through the Ministry of Environment,Continue Reading
Last week, the biannual Namibia Genetics Auction Group’s event, which was hosted at the Agra Bank Windhoek Ring in Windhoek, saw participating farmers achieve an average price of above N$60,000 for bulls and close to N$30,000 for heifers and cows. The auction facilitated the sale of 91 cattle, comprising 43Continue Reading
LAST Friday, Bank Windhoek publicly launched its 40th birthday celebrations. Since April 1982, as a wholly owned Namibian financial services provider, the Bank has catered to the needs of Namibia and its people. Bank Windhoek’s purpose over the past 40 years has been to impact the lives of Namibians andContinue 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
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
