Category: Business
Pick n Pay employs 74 locals in the north despite recession
By: Kelvin Chiringa Amidst a tough economic crunch that has resulted in many losing jobs and some high end retail outlets closing shop, PicknPay, a subsidiary of the Ohlthaver & List (O&L) Group, has opened its latest addition to its…
MultiChoice Namibia launches Talent Factory online portal
By: Rodney Pienaar MultiChoice Namibia has launched the MultiChoice Talent Factory online portal, which is part of an investment to improve the quality and support of local content, and storytelling across the continent, in Windhoek today. The online portal is…
N$1.2 billion for road maintenance – Schlettwein
By: Rodney Pienaar The ministry of finance has pumped N$1.2 billion into the maintenance of the national roads during the 2018/2019 financial year. This was revealed by Calle Schlettwein at the 17th Africa Road Maintenance Funds Association annual general assembly…
Meatco commits to keep slaughter prices stable
By: Kelvin Chiringa Meatco has committed to keep slaughter prices stable for beef midst a crippling drought that is already affecting the quality of livestock, as cattle begin to deteriorate. A recent management meeting of the Livestock Producers Organization (LPO)…
Agriculture supports Stampriet Transboundary Aquifer System
By: Rodney Pienaar The agriculture ministry with support from the United Nations Educational Scientific and Cultural Organisation, is conducting the Stampriet transboundary aquifer system project shared between Botswana, Namibia and South Africa. This is within the framework of governance of…
A tough Brexit to hurt Namibian beef exports
By: Kelvin Chiringa Industry experts have warned that in terms of trade agreements, marketing to the United Kingdom is in jeopardy if a tough Brexit realizes with no trade agreements in place. This was expressed at a recently held meeting…
NamPort records revenue of over N$1 billion
By: Rodney Pienaar Namibia Ports Authority has recorded a total revenue of N$ 1 034 000 000 in the 2017/18 financial year compared to N$891 million that was recorded in the previous financial year, the company’s annual report that was tabled by…
Letshego reaches 52 000 borrowers
By: Rodney Pienaar Microfinance company, Letshego Namibia has now reached over 52 000 borrowers and 116 depositors through its strategic programs which kicked off in 2017. Letshego’s consumer lending through a deduction at source model remains the bank’s core business and…
Central bank upbeat about economic double-rating
By: Kelvin Chiringa Despite a prolonged economic dry-spell, the central bank of Namibia is not worried about getting a negative rating ahead of a Fitch and Moody’s assessment set for April this year. Already, on the 14th of January 2019,…
Prepare for positive but poor economic growth- BoN
By: Kelvin Chiringa The Bank of Namibia has predicted that 2019 will bring a positive growth than what has been experienced before in the last three years although it will be poor. Politicians have been quick to blame the current…