The Business and Intellectual Property Authority (BIPA) recorded a total of 869 deregistration’s for 2022, Registrar of Business and Intellectual Property, Vivienne Katjiuongua said in a statement last week. Of these, 613 were CC’s and 256 companies. A total of 5 companies were recorded under liquidation during the same period.Continue Reading
Debt by non-residents – both foreign individuals and foreign firms – increased from about N$377 million in December 2021 to N$7.6 billion in December 2022 (up 1,927% y/y), a credit report by research firm Simonis Storm reveals. This coincides with a significant rise in foreign direct investment that has beenContinue Reading
The central bank, Bank of Namibia has re-launched the SME Economic Recovery Scheme, a revamped scheme designed to be more inclusive and accommodating and to provide general support to the SME sector. The Bank has partnered with local banks in what the Bank has said is “crucial for the revivalContinue Reading
The Roads Authority (RA) has closed off a section of District Road 3660 (DR 3660), from Shipepe to Oontanadhambinga, due to flooding experienced in the area. The closed off section is from Shipepe to Oontanadhambinga in Aakwenyanga village. This section of DR3660 branches off to Main Road 92 between OngwedivaContinue Reading
The Namibia Petroleum Operators Association (NAMPOA) has elected a new leadership during its annual general meeting, held on 24 January 2023. General Manager for the Norwegian oil company BW Kudu, Klaus Endresen, has been re-elected as the chairperson of the association. “With the encouraging exploration results announced in 2022, NamibiaContinue Reading
Mining industry organisation Namibia Chamber of Mines (NCM) has noted that Namibia is facing challenges with the water supply, especially at the coast, and current supply is not sufficient to meet the future demand of potential new uranium mines. “Many of these projects are at advanced feasibility stage and requireContinue Reading
During 2022 a total of 10,923 units were sold, 15.9% higher than the 9,427 units that were sold in 2021 and exceeding the 10,415 units sold in 2019, a vehicle sales report released by Simonis Storm last week reveals. Annual sales were split 51% for passenger vehicles and 49% commercialContinue Reading
For the first time, the Bank of Namibia (BoN) has set limits on the number of years a director in the banking sector may serve on the Board limiting this to a maximum of ten years on a board of a banking institution, with exceptions considered on a case-by-case basis.Continue Reading
…as total refunds under consideration shoot up to N$136 million As at 10 January 2023, a total of 921 taxpayers have been implicated in the referred scam, which has increased from 409 as reported in July 2022, Namibia Revenue Agency (Namra) has said. In a statement, the authority noted thatContinue Reading
The Namibian Correctional Service (NCS), United Nations World Food Programme (WFP), Impact for Africa S.p.A. (IFA) and Lithon Project Consultants Pty (Ltd) (Lithon) have launched an integrated food production project in Mariental. This groundbreaking project will support government’s efforts to increase domestic food production, develop agricultural value chains and improveContinue Reading
