Category: Business
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)…
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…
The Grid Market Is Not A Monopoly … transmission infrastructure market open for investment
By: Nghiinomenwa-vali Erastus Individuals or groups of investors can enter the electricity transmission market as independent power transmitters by building their networks and maintaining them. Nampower only holds a monopoly over the consumer-funded grid infrastructures. This was confirmed by both…
Nam Imports 47% Of Cereal Grain From Poland
By: Nghiinomenwa-vali Erastus After another dismal grain production at the end of June 2023, Namibia had to spend N$142 million to import cereal grain from Poland, the Namibia Statistics Agency (NSA) said. In the second quarter of 2023, the country’s…
Polytechnic Closure Widened Vocational-University Education Gap – Report
By:Nghiinomenwa-vali Erastus Namibia’s public education sector has a big gap between vocational education training providers and universities. A GIZ-funded report titled,“Enhancing Employability: Skills Needs and Gap Analysis in Namibia’s PtX Sector and Recommendations for a Skills Development Programme”, said this…
Beer Production Dwindled For 2023
By: Nghiinomenwa-vali Erastus The country’s alcohol brewing sector has recorded dismal and gloomy production figures for the past seven months of 2023. The Alcoholic Beverage Production Index, which tracks beer production in the country, has not reached 100 for the…
838 Schools ApplyFor Old Mutual C&D Initiative
By:Nghiinomenwa-vali Erastus The Old Mutual Foundation Chair & Desk (C&D) Initiative received 838 applications from schools around the country, seeking to get their chairs and desks repaired or get new ones, the Foundation revealed this week. The Group Marketing Executive,…