Category: Business
Short-Term Employment Permits Now Available at Various Border Posts
By: Nghiinomenwa-vali Erastus Various points of entry into Namibia have received authorisation to start issuing Short-Term Employment Permit endorsements without sending travellers to the headquarters in Windhoek. This was revealed by the Ministry of Labour, Industrial Relation, and Employment Creation…
Plan in Motion to Address Namcor Governance Issues
By: Nghinomenwa-vali Erastus Namcor’s board of directors and management has admitted that the company’s weak risk management and governance loopholes were to blame for its inability to pay creditors. Acting Managing Director Shiwana Ndeunyema and Board Chairperson Jennifer Comalie briefed…
Gold Refinery not Profitable in Namibia – B2Gold
By: Justicia Shipena B2Gold, a Canadian owned company, says it foresees difficulties making profit if it were to establish a gold refinery in Namibia in line with the country’s value addition aspirations. B2Gold’s country manager, John Roos, said: “To…
Northern OMAs/Retailers Defying Beef Procurement Orders
By: Nghiinomenwa-vali Erastus Government Offices, Ministries, Agencies, and private sectors north of the Veterinary Cordon Fence are disregarding directives to procure beef products from northern farmers. This defiance, according to a latest annual report by the Meat Corporation of Namibia,…
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…
Informal Traders Not Happy With Rising Bulk Prices
By: Justicia Shipena Informal traders have voiced concerns over their constrained ability to negotiate prices and other regulatory matters affecting their businesses. This limited bargaining power to negotiate prices with suppliers and regulators, negatively affects business in the…
Private Sector Investment Key to Addressing Africa’s Climate Finance Gap
By: Nghiinomenwa-vali Erastus Africa’s climate adaptation and mitigation financing shortfall, amounting to a staggering $265 billion could be alleviated significantly through the active involvement of private capital distributors. This capital could be crucial as many African countries continue to…
Farmers’ Unions Want North/South Meatco Divide
By: Justicia Shipena IN a bid to revitalise the Meat Corporation of Namibia (Meatco), four prominent farmers’ unions have recommended the establishment of two independent subsidiary entities. The proposal comes at a crucial juncture when Meatco is grappling with financial…
AgriBanks’ Non-Collateral Loan Product Still Underutilised
By: Nghiinomenwa Erastus The Agricultural Bank of Namibia says its non-collateralised loan product tailormade to help communal and small scale farmers with needed capital is still underutilised about eight years after it was launched. When it was launched in 2017,…