Category: Business
Opinion: Inclusivity Depends on Skills and Access to Capital
By: Kandjengo kaMkwaanyoka The word “inclusivity” is often used by many who want to appear caring, but few offer practical solutions on how to achieve it. We can shout and give passionate speeches, but building an inclusive…
No Hope to Revive Peugeot’s Walvis Bay Assembly Plant
By: Justicia Shipena The French automaker Peugeot Group is unlikely to revive operations at its automotive assembly plant in Walvis Bay, which is facing closure six years after its establishment. This was revealed by outgoing French Ambassador to Namibia,…
Trustco to Focus on Non-Deposit Financial Services …as its banking licence is cancelled
Fransina Nghidengwa Trustco will pivot towards non-deposit-taking financial services following the surrender of its banking licence to the Bank of Namibia (BoN). The group’s founder, Quinton van Rooyen, expressed optimism about the “tremendous” growth potential in this new direction,…
Savanna and Castelo to Be Bottled Locally
By: Hertha Ekandjo, Nghiinomenwa-Vali Erastus Namibia Breweries Limited (NBL) has invested N$337 million in a new wine packaging line and has expanded its warehouse and other packaging equipment. This initiative will allow NBL to domesticate the packaging of popular beverages…
Companies Fined Over Concealing Ownership Change in Cement Factory
By: Nghiinomenwa-vali Erastus Three Chinese companies and a local cement production firm have been ordered to pay a fine of N$5 million after it was discovered that they implemented a merger without the approval of the Namibian Competition…
Sampofu Calls on Entrepreneurs to Explore Zambezi’s Business Potential
By: Abigail Nalisa Governor of the Zambezi region Lawrence Sampofu has called on local entrepreneurs and small business owners to explore the untapped potential of the region to spark economic growth and put the region on the map….
Informal Car Wash Operators Concerned Over New Water-Saving Measures
By: Fransina Nghidengwa and Loise Shiimi Informal car wash operators have raised concerns about the City of Windhoek’s new water-saving measures following the municipality’s declaration of a Category D drought due to worsening water scarcity. The City’s Demand…
Naloba Appeals to Mbumba to Cancel Local Businesses’ Tax Debts
By: Justicia Shipena The Namibia Local Businesses Association (Naloba) has appealed to President Nangolo Mbumba to pardon all local businesses’ tax debts, allowing them a fresh start. This plea was made during a meeting at State House late Wednesday…
Business Sector Sees 0.5% Year-on-Year Growth in June
By: Staff writer The business sector experienced a 0.5% year-on-year (y/y) growth in June, a significant slowdown from the 4.7% y/y recorded in May 2024, yet still above 2023 levels. Analysis from Simonis Storm Securities’ Halleluya Ndimulunde reveals this as…
O&L Subsidiaries Scoop Multiple Honours at Best of Namibia Awards
By: Staff writer Ohlthaver & List (O&L) Group subsidiaries O&L Leisure and Hartlief scooped multiple awards at the inaugural Best of Namibia awards. Strand Hotel Swakopmund was awarded the title of Best Hotel in Namibia, an accolade which O&L sees…