Author: Staff Writer
Namibia’s First Africa Hospitality Investment Forum Secures N$500,000 Sponsorship
By: Staff Writer The Africa Hospitality Investment Forum (AHIF) 2024 has secured a N$500,000 sponsorship from O&L Leisure. The event is expected to bring over 300 hospitality industry investors, business leaders, government officials, and expert advisors from across the…
Madison Metals Starts Maiden Drill At Uranium Project
By: Staff writer Uranium exploration company Madison Metals has commenced with its maiden 2024 drill program at the Khan Project at Madison West, located in the highly prospective Erongo uranium province. The drill falls in line with its earlier announcement,…
10,273 Job Seekers Placed Out of 200,000 Hopefuls
By: Staff Writer Out of the 200,000 job seekers registered on the Namibia Integrated Employment Information System (NIEIS) since its inception in 2011, only 10,273 have been placed in jobs nationwide. This information was revealed by the Ministry of…
SADC Seeks N$99 Billion To Mitigate Impacts of El Niño
By: Staff Writer Angolan President and Chairperson of the Southern African Development Community (SADC), João Manuel Gonçalves Lourenço, has launched the SADC Regional Humanitarian Appeal for at least US$5.5 billion (N$99 billion) to support over 61 million people…
April Sees Highest Occupancy Rates for 2024
By: Staff writer All regions in Namibia experienced an increase in occupancy rates in April 2024 compared to both the previous month and the same period last year. Occupancy rates stood at 58.1% nationwide in April, up from…
Omutambo Maowe Quarantine Camp To Resume Operations After 10-year Hiatus
By: Staff writer Meatco’s livestock procurement officer, Thimotheus Kativa, has said that the meat-marketing entity is in the process of resuming operations at the Omutambo Maowe quarantine camp in the Omusati region. This will begin through commodity-based trade, which will…
Paratus Namibia Secures N$600 Million Rights Issue Investment
By: Staff Writer Paratus Namibia Holdings has successfully raised over N$600 million through its recent rights issue and investment drive, which was fully subscribed. A rights issue is an offering that allows existing shareholders to buy additional shares directly…
Construction Sector Experiences Growth in Windhoek
By: Staff Writer The Windhoek municipality approved a total of 184 building plans in March, marking an 11.5% month-on-month (m/m) increase compared to February’s figures and signalling a steady uptick in construction activity in the capital. Analysis conducted by…
Namibia’s Trade Deficit Widens to N$4.5 Billion
By: Staff Writer Namibia’s trade deficit expanded slightly in March, with exports falling short by N$1.9 billion compared to the same period last year. Export earnings increased from N$6.1 billion in February to N$8.3 billion in March, while imports…
Winnie Madikizela Mandela Road to Undergo Dual Carriageway Upgrade
By: Staff Writer The City of Windhoek has approved Ongos Valley Development’s proposal to upgrade Winnie Madikizela Mandela Road into a dual carriageway and to engage in a development agreement. This project, according to the municipality, presents an…