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Loan Holders Likely To Start Feeling Pressure From Repo Rate Hikes
By:Hertha Ekandjo Following the South African Reserve Bank (SARB) announcing an increase of the repo rate by 25 basis points, which brings the repo rate to 7.25% from 7%, Namibians indebted households and businesses should expect the domestic central bank…
NamRa Collects N$2.8 Billion In Customs Revenue
By:Hertha Ekandjo The Namibia Revenue Agency (NamRa) has collected about N$2.8 billion in revenue from customs and excise for the current financial year 2022/2023 from operations between April – December 2022. This was revealed by the agency’s commissioner Sam Shivute…
Tower Resources To Raise Up To $6 Mln Via Share Placings
By: Staff writer Africa-focused energy company Tower Resources said it has completed an institutional placing of up to $6 million (N$102.4 million) from which proceeds will be used to fund work programme commitments for the company’s licenses in Namibia, South…
Making financial resolutions work in 2023
By: Mignon du Preez It is incredible how many people make resolutions about getting themselves into shape when a new year begins. Very few of us, think about the ‘financial hangover’ that we are dragging into a new year and…
Cumulation Can Stop Africa’s Raw Export Of Resources
By:Nghiinomenwa-vali Erastus To qualify for tariff preferences under the provisions of the African Continental Free Trade Area, value addition has to happen in state parties to a certain extent. This is according to the African Continental Free Trade Area (AfCFTA)…
Trigon’s Kombat Trend Drilling Continues To Reveal Growing Magnitude Of East 400 Area at Kombat Mine
By:Staff writer Trigon Metals announcedlast Thursday the first concentrates were produced at the Kombat mine, after 14 years of closure. “This is just one of Trigon’s achievements and milestones that would not be possible without your support,” said Jed Richardson,…
Fishrot Accused Await Supreme Court Appeal Ruling
By:Justicia Shipena The defence lawyers representing six fishrot accused in a bail appeal application at the Supreme Court in Windhoek argued the continued detention of the accused is unlawful and prevents them from having a fair trial. The six fishrot…
Paratus Plans Investing Multi-Million Dollars In Infrastructure Development During 2023
By:Staff writer Paratus Telecommunicationsis keen to invest a further N$280-million on a number of capex projects during 2023, which will bring the capital spent into infrastructure development to N$740 million since 2021. According to the company’s Chief Financial Officer Stefan…
Construction Sector Sees Fifth Straight Quarterly Decline
By:Staff writer The construction sector continues to face challenges after it recorded its fifth consecutive quarterly decline in the third quarter of last year, contracting by 10.0% year on year (y/y) in 3Q2022. According to Simonis Storm analysts, construction companies…
MTC Harvesting Biometric Data Questioned
By:Hertha Ekandjo The legality of telecommunication giant MTC collecting biometric data from citizens who are registering their sim cards has been called into question. The company has been collecting biometric data and taking pictures of customers registering their sim cards…