THE national weighted average house price ended the year 2021 at N$1 181 225, down from N$1 240 943 in 2020, the FNB residential property price index reveals. The index posted a 12-month average growth of 7.1% at the end of 2021 from 10.4% at the end of the priorContinue Reading
ATLEAST 47 000 taxpayers participated in the Electronic Filing Tax Relief Programme that ended earlier this year, Namibia Revenue Agency (Namra) commissioner, Sam Shivute has said. A total amount of N$ 11 156 626 675 in penalties was waived while N$1 320 528 999 was collected and paid into the StateContinue Reading
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
“The TKC is not only important to Botswana but to the region as it promotes intra – regional and international trade as well as allowing the movement of people for business and tourism,” said Dr. Batlang Comma Serema, High Commissioner of the Republic of Botswana to Namibia. The High CommissionerContinue Reading
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
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
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
