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
The Far-North of Namibia has always been a key strategic focus area for Bank Windhoek, evident from the Bank’s footprint of 16 branches and 106 Automatic Teller Machines (ATMs). Bank Windhoek’s Managing Director, Baronice Hans, shared this information at the Northern Estate Agents Award event hosted on Thursday, 10 MarchContinue Reading
Public and Private sector need to work together to rebuild economy On Monday, 8 March, Nedbank Namibia hosted the Nedbank National Budget Review event at the new Nedbank Campus in Windhoek. In attendance at the event were, the Honourable Speaker of the National Assembly, Professor Peter Katjavivi, the Minister ofContinue Reading
Another N$130 million for development finance, funded by private investors The Development Bank of Namibia (DBN) has issued a new bond, DBN29, with a face value of N$130 million. The 7-year bond was issued via private placement on 4 March 2022, and it matures on 5 March 2029. DBN29 wasContinue Reading
The Development Bank of Namibia (DBN) has responded to the Black Business Leadership Network of Namibia (BBLN)’s petition by stating that it has been and remains responsive to economic challenges faced by entrepreneurs in the country in line with its legal mandate and strategic business objectives. The Bank proactively respondedContinue Reading
Namibia’s premier digital enabler, MTC, and the Environment Investment Fund (EIF), through the National Plant Genetic Resource Centre (NPGRC/Genebank), sponsored a sum of N$400 000 (N$200 000 each) for the establishment of a rural community Seedbank in Kavango West region, Ncuncuni constituency. Namibia’s national seed bank protects and save seedsContinue Reading
Prospects have started to improve for the logistics sector in Namibia as the rest of the world gradually recovers from the COVID-19 pandemic. This sector is important for the growth of the Namibian economy, as Namibia is well-placed to be a logistics hub for its landlocked neighbours. The Walvis BayContinue Reading
Meatco CEO Mwilima Mushokabanji has revealed that as part of Meatco’s long term strategy to profitability, Meatco’s debts with commercial banks have to date been reduced by 70 percent. He in a statement this week also revealed that between 2019 and 2021 – the harshest period in Namibia’s drought season,Continue Reading
