Category: Business
Opinion: Will You Win the Black Friday Deals?
By: João Bismarck It’s a warm November morning in Windhoek, and the streets are alive with anticipation. Some Namibians have saved diligently for the day, while others have sought assistance from financial institutions. Black Friday, the global shopping phenomenon, 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…
Namibia Earns N$3.8 Billion in Fish Exports for Q2
By: Staff writer Namibia generated N$3.8 billion from fish product exports during the second quarter of 2024, marking a 7.5% decline compared to N$4.1 billion recorded in the same period in 2023. According to the Namibia Statistics Agency’s…
Drought Takes Heavy Toll on Southern Namibia’s Tourism
By: Hileni Inane The ongoing drought has severely impacted tourism activities in southern Namibia, driving tourists to seek leisure elsewhere. Last month, Simonis Storm Securities reported that the southern regions had the lowest occupancy rates in the country…
NIPDB Claims Billions in FDI Would Be Zero Without Its Role
By: Justicia Shipena The Namibia Investment Promotion and Development Board (NIPDB) claims that Foreign Direct Investment (FDI) over the last three years would have been nonexistent without its intervention. “For the past three years, FDI has reached billions,…