Category: Business
Local Brewery to Invest N$65,4 Million in Solar Thermal Technology
By: Hertha Ekandjo ABInBev Welwitschia Brewery, a local brewery, has announced a N$65.4 million investment in Solar Thermal Technology to be established in Okahandja. The brewery’s objective is to reduce its carbon footprint by approximately 700 tons of…
Spectrum Auction Winners Instructed To Expand 4G Coverage
By: Nghiinomenwa-vali Erastus THE successful bidders for radio frequency spectrum in the 703-788 MHz and 790-862 MHz bands, announced last week, have been directed to increase 4G coverage to a minimum of 80% in six regions. This directive comes from…
Namibia’s exports surge over eight months in 2023
By: Justicia Shipena Namibia’s export sector has experienced a notable upswing, totaling N$67,2 billion, in the first eight months of 2023. This was revealed by the Namibia Statistics Agency (NSA) in its latest trade statistics report released yesterday. The report…
Bridging the Funding Gap for Namibian MSMEs and Startups
By: Jeronimo NghilunanyeKateya and KandjengokaMkwaanyoka Namibia’s high unemployment rate is a major concern, and entrepreneurship is often seen as a key solution to this problem. However, many Namibian entrepreneurs face challenges in accessing funding, which can hinder their ability…
Namfisa Saw 4.2% Decline in Assets in 2022/23
By: Hertha Ekandjo The Namibia Financial Institutions Supervisory Authority (NAMFISA) has recorded a 4.2% decrease in its total assets for the 2022/2023 financial year. Namfisa`s assets decreased by N$13.5 million from N$318.1 to N$304.6 million as at 31 March 2023….
Stage Audio Works Integrates AV Conferencing System At MTC
By: Staff writer Mobile Telecommunications (MTC), working with Stage Audio Works (SAW), has its AV systems overhauled at the headquarters in Windhoek. MTC needed technology upgrades and corporate AV systems to enhance communication and collaboration in several departmental boardrooms….
Namdia Records 24.9% Increase In Carats Purchase For 2022/23
By: Hertha Ekandjo Namibia’s diamond sales and marketing entity, Namib Desert Diamonds (Namdia) concluded nine diamond sales, with its purchase entitlement increasing by 24.9% from 222,978 to 278,609 carats during the 2022/2023 financial year. This was revealed by the Namibia’s…
Angel Network Invests In Local Cosmetics
By: Nghiinomenwa-vali Erastus Ilotu Cosmetics, an all-Namibian cosmetic company, that specialises in the production of essential oil based products, has received a boost from an angel investor who purchased a stake in the company, the Namibia Business Angel Network (Naban)…
Dundee Commissions N$15 Million Tsumeb Waste Management Facility
By: Sara Fileppus Dundee Precious Metals Tsumeb has commissioned a N$15 million General Waste Management Facility in the Oshikoto region. The project, which is the first of its kind in the region, will focus on the separation and sorting…
Basil Read Employees To Down Tools Over 95 Million Unpaid Overtime
By: Hertha Ekandjo 174 Basil Read Mining company employees are planning to down their tools on 3 October and vent their frustrations over unpaid overtime wages dating between 2014-2016. According to the workers’ representative, Jonny Classen, they’ve been fighting for…