Namibia is pressing ahead with the construction of a new desalination plant in the central coastal Erongo region to meet demand for water from uranium mines and other users. A feasibility study for the plant, which will produce 70 000 m3 of water a day, has been finalized and aContinue Reading
Rental prices for houses with more than three bedrooms have continued to sour recording staggering yearly growth, FNB Namibia’s recently released housing index reflects. The Bank’s Market Research Manager, Frans Uusiku last week said that the more than 3-bedrooms segment has consistently kept the rental growth momentum upbeat relative toContinue 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
FNB Namibia has received a total of seven PMR Awards at a handover held in Windhoek this week. “We are humbled and honoured to receive these PMR awards as this once again validates FNB’s commitment to provide customers with consistent value and service that make a real difference in theirContinue 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
