Minister of Industrialisation and Trade Lucia Iipumbu has said that the region needs to guard and covet its natural active ingredients sector against undue exploitation, which is the bedrock of both the pharmaceutical and cosmetics sector. Speaking at the SACU ministerial investment roundtable last week, Iipumbu highlighted that efforts areContinue Reading
Acting minister of Public Enterprises, Iipumbu Shiimi has dismissed talk of a potential TransNamibia liquidation saying that there is no truth in the allegations as portrayed in the media. Iipumbu emphasised that the State maintains the view that TransNamib is a strategic entity in the country’s logistics hub aspirations andContinue 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
THE national weighted average house price ended the year 2021 at N$1 181 225, down from N$1 240 943 in 2020, the FNB residential property price index reveals. The index posted a 12-month average growth of 7.1% at the end of 2021 from 10.4% at the end of the priorContinue Reading
Diamond miner De Beers, a subsidiary of diversified miner Anglo American, has announced a provisional rough diamond sales value of $565-million (N$8.2 billion) for the third sales cycle of 2022. The value included global sightholder sales and auctions for the cycle. “On the back of robust demand for rough diamondsContinue Reading
ATLEAST 47 000 taxpayers participated in the Electronic Filing Tax Relief Programme that ended earlier this year, Namibia Revenue Agency (Namra) commissioner, Sam Shivute has said. A total amount of N$ 11 156 626 675 in penalties was waived while N$1 320 528 999 was collected and paid into the StateContinue Reading
THE Namibian Competition Commission (NaCC) on 30th March 2022 resolved to initiate an investigation against various private pathology laboratories and other providers of covid-19 testing services in terms of Section 33 of the Competition Act, 2003 (No. 2 of 2003) (“the Act”). The investigation pertains to the alleged excessive pricingContinue Reading
The Executive Secretary of the Southern African Development Community (SADC), Elias M. Magosi, on 07th April 2022, paid a courtesy call on Hage Geingob, President of the Republic of Namibia, and Incoming Chairperson of the SADC Organ on Politics, Defence and Security Cooperation, at State House in Windhoek, Namibia. TheContinue Reading
AIM-listed AfriTin Mining has released its five-year growth strategy, which includes enlarging its footprint in Namibia through existing operations and new mining locations. The company also plans on developing multiple technology metals concentrates, with plans to produce lithium, tantalum and tungsten alongside tin. AfriTin will ramp up its tin concentrateContinue Reading
Triple-listed Bannerman Energy will raise A$40.7-million in a single tranche share placement to fund the completion of the Etango-8 definitive feasibility study (DFS) as well as front-end engineering design (FEED) of the Namibian project. Bannerman said last month that it would place 185-million shares, at a price of 22c each,Continue Reading
