Author: Staff Writer
2023 Records N$400 Million Drop in Approved Building Plans
By: Staff Writer The cumulative value of approved building plans between January and October this year has seen a decline of N$400 million compared to the same period last year, according to an analysis by Simonis Storm Securities (SSS). So…
Coastal Hospitality Sees Surge in Occupancy Rates
By: Staff Writer Last month, the coastal region of Namibia experienced a significant upswing in tourism, marking the highest occupancy rates in the sector at 71.9%, according to financial analysts Simonis Storm Securities. This achievement, surpassing 70%, is noteworthy as…
Unconventional Thoughts: Students Launch “Diabetes Sugar Smart” Campaign
By: Staff Writer Public Relations students from the University of Science and Technology took their coursework to a practical level by launching the “Diabetes Sugar Smart” campaign in honour of World Diabetes Day. The initiative, which kicked off with…
Paratus rolls out 28 retail outlets across Namibia
By: Staff writer Telecommunications operator, Paratus Namibia has opened nine additional resellers and six pop-up shops across the country. These are Outapi Pop-Up Shop, Eenhana Pop-Up Shop, Oniipa Pop-Up Shop, Otjomuise Pop-Up Shop, Soweto Pop-Up Shop, Okuryangava Pop-Up Shop. The…
Paratus Secures N$578 Fibre Expansion Funding
By: Staff writer Paratus Group has secured US$31-million (N$578 million) in funding to expand its fibre routes connecting Angola, Democratic Republic of Congo (DRC), Botswana, Namibia, South Africa, Mozambique and Zambia over the next three years. The funding is secured…
Cobalt Production Expected For Over 40 Years
By: Staff writer Opuwo’s cobalt project could potentially produce cobalt for over 40 years. This follows the confirmation of Aim- and ASX-listed Celsius Resources’ renewal of the exclusive prospecting licence for the Opuwo cobalt project. The project is held under…
Namibia Faces N$4 Billion Revenue Loss from Undeclared Trade
By: Staff Writer Namibia has incurred potential revenue losses of N$4 billion over a three-year period due to undeclared trade transactions. This revelation emerged in a joint statement by the Bank of Namibia and the Namibia Revenue Agency (NamRA) during…
Andrada Begins Polymetallic Mineralisation Exploration
By: Staff writer Namibia-based lithium, tin and tantalum miner Andrada Mining has begun an initial exploration programme at the Brandberg West exploration licence, at the opencast Brandberg West mine, in the Erongo region. The company confirmed the development this month,…
Northern Namibia Leads in Hospitality Occupancy Rates
By: Staff Writer Namibia’s hospitality sector witnessed a 4% month-on-month decline in occupancy rates, dropping from 69% in August 2023 to 65% in September. August had marked the highest occupancy rates since the last pre-pandemic peak of 69.9%. According to…
City Approves 1,450 Building Plans in 2023 Worth N$1,04 Billion
By: Staff Writer The City of Windhoek has given the green light to 1,450 building plans in 2023, with a combined value of N$1.04 billion. This represents a 23.8% decrease in the number of approvals compared to the same period…