Category: Business
AbInBev Plans Additional 50,000 Hcl Beer Production Expansion
By: Hertha Ekandjo AbInBev Breweries has announced plans to expand its local production by installing two additional tanks, complementing those added in 2019. The brewery has also acquired land for future expansions aimed at promoting local brands and…
Construction of the N$44bn Ammonia Hub to Begin Next Year
By: Justicia Shipena The construction of the ambitious ammonia hub in Walvis Bay which is estimated to cost over N$44 billion (€2.2 billion) is set to begin next year. The project is a collaboration between Namibia and Belgian…
Golden Visa Programme Faces Delays Amid New Migration Law
By: Justicia Shipena The government’s Resident By Investment Programme, aimed at raising N$50 billion through a “Golden Visa” initiative, is currently behind schedule, according to the Namibia Investment Promotion and Development Board (NIPDB). The programme is a key component…
Namib Mills Faces Loss Following Instant Porridge Recall
By: Hertha Ekandjo and Loise Shiimi Namib Mills says it expects to suffer substantial financial losses following the recall of its Top Score instant porridge, after an incident in South Africa where two minors tragically died. While it is…
NBL Net Profit Drops After Heineken Takeover
By: Hileni Inane Namibian Breweries Limited (NBL) announced that its net profit after tax has declined by over 90% year-on-year, primarily due to significant one-off gains in 2023 from the sale of shares in Heineken. Despite this sharp…
Namib Mills Probes Recalled Instant Porridge
By: Hertha Ekandjo Namib Mills is investigating the recall of its Top Score vanilla-flavoured instant maize porridge in South Africa following the tragic deaths of three children who consumed the product. The recall was reported in South Africa…
Southern African Bank to Fund Lobito Railway Corridor…initiative to challenge Namibia’s ambition to become Africa’s gateway
By: Nghiinomenwa-vali Erastus The Lobito Corridor Railway Project, which will connect the town of Lobito in Angola and its under-construction oil refinery to DRC, has secured US$200 million (N$3,5 billion) in funding. The funding will come from the…
Northern Weddings Boost Local Tourism Economy
By: Loise Shiimi Weddings in northern Namibia helped to boost the local northern tourism to its highest occupancy rate for the year, registering 70.42% in August. Wedding-related activity included both hosting and attendance, which according to Simonis Storm economist Almandro…
Vendors Urged to Maintain Good Hygiene: Kamati Urges Traders to Stop Sleeping On-Site
By: Mathias Hangala Windhoek Mayor Queen Omagano Kamati has called on vendors to prioritise good hygiene practices. Speaking at a City of Windhoek (CoW) consultative meeting with vendors in Okuryangava on Saturday, Kamati raised concerns over poor hygiene…
Australian Company Joins Madison in Cobra Uranium Project
By: Staff Writer Australian firm Star Minerals has teamed up with Canadian mining company Madison Metals to advance the Cobra Uranium Project near the Rossing Uranium Mine in Namibia’s Erongo region. The project is estimated to contain 15.6…