NAMPORT’S revenue has declined 2% to N$1.113 billion (2019/20: N$1.138) against a target of N$1.032 billion, with an operating profit of N$96 million (2019/20: N$132 million),” the Authority’s latest annual report reflects Subsequently, the Group’s revenue, which includes Namport and its subsidiaries, was down 12% to N$1.485 billion (2019/20: N$1.688Continue Reading
LAST week, Nedbank Namibia held its Employee Top Achievers Awards 2021 ceremony at its new campus in Windhoek’s Central Business District (CBD). At the annual award event, the bank recognised the high achievers, the go-getters, the self-starters, and the doers who excelled in their respective fields. During the evening, 16Continue Reading
The Namibia Industrial Development Agency (NIDA) received dividends of up to N$4 million from Pupkewitz Toyota, Phillip Namunjebo recently revealed. Namundjebo who was speaking at Pupkewitz Toyota’s official opening of their new N$11.7 million state of the art branch in Rundu located at Marcus Shiwarongo Street. “We are very proudContinue Reading
OLD Mutual’s commitment to Community Crime Prevention initiatives started in 2015 through a partnership with the City Police for the Community Games and continued in 2018 with the Neighbourhood Watch (NHW) Association of Namibia. This was done in collaboration with the Namibian Police Force to identify and capacitate struggling registeredContinue Reading
Paratus Group announces its expansion into the Democratic Republic of Congo (DRC). This coincides with the news that Paratus has won, together with DRC based Global Broadband Solution (GBS), the government tender to activate a 620-kilometer fiber optic network link between Muanda, on the West Coast, to DRC capital city,Continue Reading
The Namibian Competition Commission (NaCC) has resolved to initiate two investigations against First National Bank and others in terms of Section 33 of the Namibian Competition Act, 2003 (No. 2 of 2003). The first investigation relates to the alleged historic fixing of interchange rates through the Payments Association of NamibiaContinue Reading
Diamond mining company Debmarine Namibia on March 18 officially inaugurated its latest diamond recovery vessel, christened on the day as the Benguela Gem (previously the AMV3), at the Port of Walvis Bay, Namibia. Debmarine Namibia is a joint venture marine diamond and prospecting company owned by the government of NamibiaContinue Reading
The GIZ-UNESCO project on “Promoting Sustainable Tourism and Private Sector Engagement for inclusive Community Development in response to the Covid-19 crisis in Namibia” has commenced already and is expected to be completed by August 2022, tourism minister Pohamba Shifeta has said. The project is jointly implemented by the Ministry ofContinue Reading
Minister of Mines and Energy, Tom Alweendo has said that the recent discovery of oil in itself will not necessarily lead to cheaper local fuel price. Not long ago a joint venture consisting of Shell, Qatar Energy and Namcor announced that they have discovered oil offshore. Soon after that, anotherContinue Reading
Having adopted and implemented a new Business Support System (BSS) late last year, MTC has successfully rolled it out to streamline its business process and ensure agility in serving over 2.5 million Namibians on its grid. The evolution of technology is constant, and digitalization is now a factor central toContinue Reading
