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NBL Generates N$1.82 Billion From Namibia Sales
By:Megameno Shinana The Namibia Breweries Limited’s (NBL) – a subsidiary of the Ohlthaver & List (O&L) Group – net revenue increased by 14.1% to N$ 3.021 billionfor the financial year ended 30 June 2022. This growth was predominately a result…
Tourism Sector At Risk Of Experiencing Less Travellers – Brinkmann
By:Nguriye Katusuva Sense of Africa, the leading inbound destination management company in Africa, reckons that some of the anticipated risks for the tourism industry in the future are less travel by individuals. The company’s chief operations officer Paul Brinkmann said…
MTC Reports Jump In Profit On Strong Demand For Services
By:Hertha Ekandjo Mobile Telecommunications Company (MTC) has reported a profit after tax of N$793.04 million for the year ended 30 September 2022, compared to N$743.3 generated in 2021. This shows that the company’s profit went up by 6.7%. The company’s…
Digital Payments Post-Pandemic Era
By Romanus Gustav The COVID-19 pandemic introduced restrictions in movement, while there was still a need to pay for services and products, which significantly increased the use of digital payments solutions. The public started understanding and appreciating digital payment solutions….
Resilient Agriculture Key To Attain GDP Growth Target
By:Josef Kefas Sheehama The gross domestic product (GDP) from agriculture in Namibia increased to U$2794.70 million in the second quarter of 2022 from U$1049.30 million in the first quarter of 2022, says the Namibia Statistics Agency. Namibia is a country…
Capricorn Group Ignites Christmas Spirit
By:Staff writer Capricorn Group, through its subsidiaries, has spread the Christmas spirit to some of the most vulnerable communities in Namibia and Botswana through their regional Christmas drive. The Group’s employees from Namibia and Botswana joined in on specific activities…
Hoachanas Families Receive First-Ever Water Metres
By:Hertha Ekandjo Fifteen households at the Hoachanas settlementin the Hardap region received conventional water metres from the Mariental rural constituency councillor Deensia Swartbooi on Friday. Hoachanas is a settlement of 3000 inhabitants in the Hardap Region of southern central Namibia,…
Opuwo Re-Elect’s Mbinge-Tjeundo As Mayor
By:Uakutura Kambaekua Opuwo Town Council mayor Rosa Mbinge-Tjeundo retained her mayoral chain on Monday after she was re-elected as the town’s mayor during the annual re-election of council’s office bearers. During her acceptance speech, Mbinge-Tjeundo reiterated her stance on being…
Kazongominja Accuses National Assembly of Blocking Audit Reports
By:Justicia Shipena Peter Kazongominja of Aminuis Constituency in Omaheke region has accused the National Assembly of delaying referrals of audited reports by auditor general Junias Kandjeke to the National Council. Kazongominja, National Unity Democratic Organisation of Namibia (Nudo) councillor for…
Expensive Money And Risk-Aversion Casting Shadows On The Recovery
By:Nghiinomenwa-vali Erastus Analysts are worried that the cost of money and banks becoming too shy to lend will affect the Namibia’s economic recovery. To date, the Bank of Namibia has increased the benchmark rate by around 300 basis points as…