NAMPORT CEO, Andrew Kanime has clarified that new container terminal will not be sold but the Authority is only considering concessioning the N$4.2 billion terminal which was commissioned in recent years, Business Express understands. Concessioning is the process whereby an asset, owned by the public sector, is availed for operationContinue Reading
PANELISTS at the just ended the fourth edition of the Namibia International Energy Conference in Windhoek have told Namibia not to be apologetic about using oil and gas to anchor its industrialisation agenda. Moderated by African Energy Chamber Executive Chairman, NJ Ayuk, speakers during the panel included Tom Alweendo, MinisterContinue Reading
Namibia has been ranked 59th out of 84 jurisdictions surveyed in the Fraser Institute Annual Survey of Mining Companies 2021, seen as a benchmark of a country or region’s attractiveness to mining investment. The ranking is one of Namibia’s lowest ever and compares with 52nd out of 77 in 2020Continue Reading
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
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
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
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
The Namibia Chamber of Commerce and Industry (NCCI) has fired a salvo at newly formed business association, NALOBA, highlighting that over recent weeks, false and misplaced allegations have been advanced through the media by misguided individuals and groups purporting to speak on behalf of Namibia’s business sector. NCCI CEO CharityContinue 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
