Search in the website:
Namibia / Page 154
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 to follow suit. An increase in the repo rate will automatically increase monthly debt repayment, […]
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 at the occasion of International Customs Day at Oshikango in the Ohangwena region yesterday. For […]
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 Africa and Cameroon. The public listed company completed an institutional placing to Energy Exploration Capital […]
Making financial resolutions work in 2023
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 how much getting personal finances back in shape could benefit our lives. But, as in past […]
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) Rules of Origin, as summarised by the Secretariat. Simple packaging, assembling, ironing, sorting, peeling, sharpening, […]
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, Trigon’s president and CEO. The results from the drilling of new mineralisation targets at its […]
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 accusedconsisting of former justice minister Sacky Shanghala, former Investec managing director James Hatuikulipi, former Fishcor […]
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 de Bruin, the total capital expenditure for 2022 amounted to N$282 million, with N$178 million […]
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 were forced to diversify their business activities due to the scarcity of work available. They […]
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 since the campaign kick off last year. The Institute for Public Policy Research (IPPR) on […]