Young Businesswoman of the Year finalists announced

Young Businesswoman of the Year finalists announced

<!–more–> Selma Ikela Windhoek-The finalists in the Young Businesswoman of the Year have been announced and among them is young legal practitioner Esmeralda Katjaerua. For 2017 there are 18 nominees in four categories: business owner, community and government sector, private and corporate award and young businesswoman of the year awards. “The aim is to reward […]

Namcor ready to enter fuel retail market

Namcor ready to enter fuel retail market

Staff Reporter Windhoek The National Petroleum Corporation of Namibia (Namcor) is ready to make its long-awaited entry into the fuel retail market. This entry into the competitive retail fuel market will require an aggressive and refined marketing strategy given the long existence of the international players with string brands currently operating in the country. “Our […]

N$260m hub planned for Ondangwa

N$260m hub planned for Ondangwa

Edgar Brandt Windhoek Trans-Kalahari Logistics, a wholly owned Namibian company, has revealed plans to construct a N$260 million multi-tenant business park for logistics operations, commercial services and a 5 000-tonne combined cold storage facility in Ondangwa to stimulate the economy and job creation in the area. According to Jospeh Mundjele, Managing Director of Trans-Kalahari Logistics, the […]

GIPF introduces online member portal at OATF

GIPF introduces online member portal at OATF

Amos Kambonde Windhoek-An online portal refers to the webpage (or website) that provides users an entryway to a variety of information, tools, links, and more. Typically, online portals are designed to offer users an assortment of the most used types of information and services, as such GIPF recently launched an online portal to allow members […]

Some relief as banks release new interest rates

Some relief as banks release new interest rates

Staff Reporter Windhoek-In reaction to the decrease in the policy rate by the Monetary Policy Committee of the Bank of Namibia, Bank Windhoek and Standard Bank Namibia have decreased their prime lending rates by 0.25 percent from 10.75 percent to 10.50 percent. The mortgage lending rates at both banks will decrease from 11.75 percent to […]

Economy grew only 1.1% in 2016 – NSA

Economy grew only 1.1% in 2016 – NSA

Staff Reporter Windhoek-The domestic economy is estimated to have recorded a slow growth of 1.1 percent during 2016 compared to a strong growth of 6.0 percent recorded in 2015. The slow performance can be attributed to the secondary and tertiary industries that recorded a contraction in real value added of 7.8 percent and a slow […]

PPPs good or bad for public enterprises

PPPs good or bad for public enterprises

DESIE HEITA ____________ The emphasis on the public private partnerships (PPP), as reflected in the just tabled budget, is likely to have many public enterprises boards and executives on the edge of their seats, unsure of the implication on the future of the institutions they lead. For savvy entrepreneurs – and some would argue to […]

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 […]