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…
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…
Leisure Tourism Dominates with 93.1% of Visitors in March
By: Staff Writer Leisure tourism continued to be the driving force behind the local tourism industry, attracting 93.1% of all visitors in March 2024. Across all hospitality establishments nationwide, the occupancy rate reached 49.2% during the month, marking…
Madison Metals Identifies Drill Targets with Recent Results
By: Staff Writer Uranium exploration company Madison Metals has reported an expansion in the surface expression of radiometric D-type leucogranites, a promising rock formation prevalent in the area. Of notable importance is the increased surface expression of mineralized…
Construction of the Trans-Kalahari Railway Expected to Commence by 2026
By: Staff Writer Construction on the much-anticipated multibillion-dollar Trans-Kalahari Railway is expected to start by 2026. This was revealed by Hippy Tjivikua, CEO of the Walvis Bay Corridor Group (WBCG). In 2022, Minister of Works and Transport, John…
Namibia Makes 200 New Millionaires
By: Staff Writer Namibia has cemented its position in the top 10 wealthiest countries in Africa in terms of millionaires, with an additional 200 millionaires reported since last year. According to the latest 2024 Africa Wealth Report by…