Search in the website:
News / Page 53
NBL Faces Water Shortage Due to Namwater and Windhoek Usage Policies
By: Hertha Ekandjo Namibia Breweries Limited (NBL) has revealed that, despite efforts to conserve water, they are only permitted to utilise 20% of it from their private aquifers due to restrictions imposed by the City of Windhoek and NamWater. Peter Simons, Managing Director of NBL, explained during the company’s Half-Year Financials Announcement in […]
Over N$380k Invested to Organise the Ruacana Easter Tournament
Loise Shiimi The Ruacanna Town Council this year spent over N$380 000 to host its 11th Easter tournament in a bid to boost the town’s economic development and boost domestic tourism through sports. Of that amount, close to N$150,000 was earmarked for prizes. Simaneka Nendongo, spokesperson for the Ruacana Town Council, highlighted in an […]
Windhoek Draught Loses Market Share Despite Dominating As Top Namibian Brand
By: Justicia Shipena While Windhoek Draught maintains its position as the leading brand in Namibia, it has seen a decline in its market share. Peter Simons, Managing Director of Namibia Breweries Limited (NBL), revealed this information during the company’s financial results announcement for the six-month period ending in December 2023. Simons attributed the loss […]
‘More Transparency Crucial in Namibia’s Extractive Sector’
By: Dwight Links The Institute of Public Policy Research’s director, Graham Hopwood has stressed the importance of transparency with regards to activities in Namibia’s extractive industry to generate more awareness about industry. Speaking during a webinar hosting representatives of the Extractive Industry Transparency Initiative (EITI) for English and Lusso-speaking countries, Hopwood highlighted recent […]
New CRAN Appointment Aims to Bolster Cybersecurity Defences
By: Staff Writer The Communications Regulatory Authority of Namibia (CRAN) has appointed Information Security Specialist Cornelia Shipindo as its new Cybersecurity Manager. Shipindo joins CRAN from Capricorn Group, where her role as an Information Security Specialist was pivotal in governing and managing IT operations, incident responses, data protection, and ensuring the security of […]
BIPA Extends Annual Duty Penalty Waiver Grace Period
By: Justicia Shipena The Business and Intellectual Property Authority (BIPA) has announced an extension of its Annual Duty Penalty Waiver Programme for an additional three months, now ending on 30 June 2024. The initiative launched late last year offers a 100% waiver on penalties and additional fees payable by businesses between 2012 and […]
Old Mutual Group Reports N$91 Million Increase in Investment Returns in Namibia
By: Staff Writer The Old Mutual Group has announced a significant increase of N$91 million in its investment returns in Namibia for the year 2023 compared to the previous year. This was primarily fueled by higher interest rates and an expanded interest-bearing asset base. Over the course of 2023, the group experienced a […]
Digital Currency Introduction Requires Thorough Justification – Bank of Namibia
By: Justicia Shipena Digital currency will only be introduced in the country when the central bank is fully convinced that such a move will not jeopardise the security and stability of the Namibian economy. The Central Bank’s Governor Johannes !Gawaxab reiterated this stance during the unveiling of the modified N$100 note in Luderitz, […]
Loan Repayments Strain Individuals as Economy Faces Challenges
By: Nghiinomenwa-vali Erastus The Bank of Namibia’s recent annual report paints a troubling picture of the country’s economic landscape, with non-performing loans (NPLs) reaching N$6.5 billion by the end of 2023. Of these loans, 51% are attributed to individuals, while the real estate and business service sector accounts for 11.8%. The increase in […]
NFA Handling of Afcon Prize Money Under Scrutiny
By: Justicia Shipena Former Secretary-General of the Namibia Football Players Union, Olsen Kahiriri, now a sports analyst, has voiced concerns regarding the Namibia Football Association (NFA), alleging that it has used the country’s name to intimidate and mistreat national football team players. Kahiriri’s remarks stem from the treatment of Brave Warriors players following […]