What does 2017 hold in store for global economies?

What does 2017 hold in store for global economies?

Desie Heita Windhoek – The year 2017 is likely to be challenging for countries whose earnings are mainly dependent on mining output and the trade in commodities. The forecasts are that commodity prices are not likely to recover anytime soon, and as such, countries whose economies are propped up by commodity prices are being advised […]

SA opens border for Namibian livestock

SA opens border for Namibian livestock

  A cry of relief – from the Zambezi River in the north to the Orange River in the south – rang out from Namibian livestock producers yesterday morning when it became known that South African authorities have relaxed the stringent livestock import rules which have brought many Namibian farmers to their knees since their […]

DBN will not finance high-income property developments

DBN will not finance high-income property developments

Recent media reports have been published about the City of Windhoek receiving applications from individuals and closed corporations to purchase land for high density residential property development. These applications are often accompanied by Development Bank of Namibia (DBN) financing approval as supporting document(s), while the land being vied for is often not valuated. New Era […]

Should some businesses be reserved for locals? Young entrepreneurs welcome new investment act

Should some businesses be reserved for locals?  Young entrepreneurs welcome new investment act

SELMA IKELA Local young entrepreneurs were quite vocal about the new Namibia Investment Promotion Act that provides the trade minister the discretion to reserve specific economic sectors to local entrepreneurs. While some welcome the initiative, saying expatriates ought to enter into sectors where Namibians have no capacity to operate in, others question if entrepreneurs, including […]

A CONVERSATION WITH …. Gerry Claassen of Property Marketing: Property developers begin to exit residential market

A CONVERSATION WITH  …. Gerry Claassen of Property Marketing: Property developers begin to exit residential market

As the Namibian property market continues to reel from the adverse effects of a slump in the Angolan economy, a number of property developers have opted to exit the local residential property market and are choosing instead to focus on the commercial market. “The market is definitely suffering due to the slowdown of the Angolan […]

Standard Bank’s Top Motor Dealers Challenge gains momentum

Standard Bank’s Top Motor Dealers Challenge gains momentum

With just over a month to go before the end of Standard Bank Namibia’s Vehicle and Asset Finance Dealers Challenge campaign for top Vehicle Salesman and Dealerships, the competition is fast gaining momentum. The campaign runs from the September 01, 2015 to the July 31, 2016. The gold category winners of this latest campaign will […]

Namibia toes the line on N. Korea

Namibia toes the line on N. Korea

Windhoek A high-powered Namibian delegation met officials in North Korea last weekend to, amongst others, review some of the Asian country’s projects in Namibia, which recently drew threats of UN sanctions. A military project between Namibia and North Korea is said to be in defiance of the UN Security Council, which banned, among others, any […]