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…
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…
Shiimi Sets NamRa’s Collection Target at N$85 Billion …taxpayers refunded N$10.4 billion
By: Staff writer The Namibia Revenue Agency (NamRa) has adjusted its revenue collection target from N$81 billion to N$85 billion, as revealed by the agency’s Commissioner, Sam Shivute. Over the last three years since its inception, NamRa’s collection targets…
Vehicle Sales Soar in March
By: Staff writer March 2024 witnessed the highest vehicle sales since July 2016, with 1,451 units sold last month, just 89 units shy of the 1,540 sold in the same month eight years ago. Out of the 1,451…
Hyphen Invests N$40.4 Million in MetMast Measuring Equipment
By: Staff Writer Hyphen Hydrogen Energy is investing N$40.4 million (€2 million) in its MetMast Measuring Campaign, utilising meteorological masts (MetMasts) to precisely model the energy yield of wind and solar resources for the optimised design of a…