Turbulent times and economic hardships are on the forefront of discussion in both the private and public sectors. The economic welfare of many Namibian households worsens as debt increases resulting in less buying power and a weaker savings rate. Namibians’ household debt is reported to be well over N$54 billion. Household debt is the combined…
Energy is a critical catalyst for Namibia’s development, Minister of Mines and Energy, Tom Alweendo said on Friday. Alweendo was speaking at the inauguration of a five-Megawatt Solar Photovoltaic (PV) Plant at Otjiwarongo constructed by SunEQ Four and its local partner, the Hungileni Investment Group. The PV plant will supply electricity to the Ohorongo Cement…
The Board of the Development Bank of Namibia has extended the tenure of CEO Martin Inkumbi for another five years. Inkumbi was initially appointed as CEO in 2013 following a period as Acting CEO in the wake of the departure of founding CEO David Nujoma. During the five years since Inkumbi’s appointment, the Bank’s balance…
Meatco has been awarded the remainder of the 1 600 tonnes of the Norwegian beef quota which is a big achievement for the corporation that continues to strive albeit a tumultuous economic downturn. Meatco initially received 1 300, and subsequently another 229.5 tons. The current allocation can be seen as a result of Meatco having…
Nedbank Namibia launched its Private Wealth offering on Monday, 3 September. The offering will provide clients with personalised financial advice to always maintain financial stability, accumulate and grow their assets and wealth during challenging and often turbulent global economic times. Nedbank Namibia is cognisant of the fact that in order to help clients attain success…
PowerCom Pty Ltd welcomed stakeholders onto site on Wedne sday 5th September 2018 to enable them to witness how Namibia’s connectivity operates and how the company’s infrastructure powers the ICT industry in Namibia. The tour, attended by Hon Stanley Simataa, Minister of Information and Communication Technology, took place at the Gross Herzog site located 5km…
Ghana, Mozambique, South Africa, Zimbabwe and Uganda – opening-day winners of the 2019 Africa Cup of Nations (AFCON) qualifiers, will be aiming to bag another three points this weekend as they look to set the early pace in the qualification campaign. The five nations are among the 18 teams to be featured in DStv and…
MultiChoice Namibia is excited to announce that it has acquired rights to the brand-new UEFA Nations League and a host of international friendlies. DStv and GOtv customers will be treated to a festival of European national team football on SuperSport, played during the FIFA break starting this week. Viewers will be able to watch over…
The Bank Windhoek sponsored Namibia Hikers Association (NHA), a wellness initiative by the Ondundu Youth Development Organization (Inc.), held its 70th hiking session at the Kaiser Wilhelm Mountain’s hiking trail in Windhoek over the weekend. Individuals, families, groups, and clubs speed hiked, walked and ran a total distance of eight kilometres which started at the…