Category: Business
BIPA Extends Annual Duty Penalty Waiver Grace Period
By: Justicia Shipena The Business and Intellectual Property Authority (BIPA) has announced an extension of its Annual Duty Penalty Waiver Programme for an additional three months, now ending on 30 June 2024. The initiative launched late last year offers…
Windhoek Draught Loses Market Share Despite Dominating As Top Namibian Brand
By: Justicia Shipena While Windhoek Draught maintains its position as the leading brand in Namibia, it has seen a decline in its market share. Peter Simons, Managing Director of Namibia Breweries Limited (NBL), revealed this information during the company’s…
Namibia’s Exports Halved, Trade Deficit Doubles
By: Staff Writer Namibia experienced a stark decline in exports last month, with trades plummeting from N$12.0 billion in January 2024 to N$6.1 billion, exacerbating the country’s trade deficit, which more than doubled. The significant decrease of 48.9% was…
O&L Group CEO and CCO to Step Down
By: Staff Writer Ohlthaver & List (O&L) Group has announced the resignations of their Chief Executive Officer (CEO), Wessie van der Westhuizen, and Chief Culture Officer (CCO), Sonja Thieme, effective 30 April 2024. In an internal communication shared…
NCCI Urges Businesses to Adopt Fair Pricing Practices in Public Tenders
By: Justicia Shipena Namibia Chamber of Commerce and Industry (NCCI) has called on the business community, urging them to uphold professionalism and ethical standards when participating in public sector tenders. This appeal was made by NCCI President Bisey /Uirab…
Business Community Welcomes 2024/25 Budget
By: Justicia Shipena The Namibia Chamber of Commerce and Industry (NCCI) has expressed its satisfaction of the 2024/25 national budget, presented in parliament last month. NCCI president Bisey /Uirab noted that the budget reflects a consideration of the…
O&L Group Acquires Dimension Data in Namibia
By: Staff Writer The Ohlthaver & List (O&L) Group has announced the acquisition of Dimension Data in Namibia, a move set to redefine the country’s information and communication technology sector. O&L’s acquisition of the remaining 49% of shares in…
Local Food Prices Show a Decline
By: Staff Writer Inflation rates across all regions of Namibia decelerated in February 2024, with the country’s annual inflation rate for the month standing at 5.0% year-on-year (y/y), down from 7.2% recorded in February 2023 and 5.4% in…
Oshikango Business Activities Continue on the Decline
By: Juliana Iikela Once renowned as one of the country’s bustling border towns, Oshikango has been experiencing a significant downturn in business activities, signalling challenging times for local entrepreneurs and vendors. The vibrant atmosphere that once characterised the…
Namport, TIL N$4.2 Billion Deal Nears Conclusion
By: Hertha Ekandjo The Namibian Ports Authority (Namport) is currently in the final stages of negotiating the last details of its 25-year, N$4.2 billion management deal with Terminal Investment Limited (TIL). Last year in November, Namport’s Chief Executive…