Business

On January 30, 2018, African Development Bank issued a statement to encourage African states to invest sufficient capital in infrastructure. When trying to compare other regions and Africa, one will conquer that that have better access to water and facilities. African economy continues to face challenges such as unemployment due to limitations in structural changes. Moreover, the report indicated that...

Are you an expat in Namibia who stays in Windhoek? Well, you might have heard of the rich cultural heritage in Namibia. The fascinating scenes are here for expats and locals. But then, you need to learn the basics. In case you are an expat in Windhoek and you have children, beware that primary education is compulsory. The government of Namibia state that all children between age six and sixteen MUST...

To many people around the world, Sub- Sahara Africa is a no-go region especially when one thinks in investment and entrepreneurship lines of thought. However to informed business minded people this region has endless great investment opportunities. Efforts have started to play off in African countries to diversify the economy in order to maintain a steady economic growth.  These calls are aimed at...

On January 9th, 2018, it was unanimously agreed that Windhoek and Kingston be twinned. This was after a joint vote and agreement in support of the bid by THE Kingston and St Andrew Municipal Corporation (KSAMC). The diplomatic channels from Windhoek were on the forefront to witness the twinning. Therefore, the experts expect to see historical and cultural ties between the two cities soon enhanced. The...

The Mayor of Walvis Bay, His Worship Alderman Immanuel Wilfried, Special Advisor to the Governor of the Erongo Region Ms Adelheid Kandjala and CEO of Atterbury Louis van der Watt officially opened the first regional shopping centre in the Namibian port city. Leading South African property developer and investor Atterbury in partnership developed the R600 million mall with local developers Collins...

International monetary fund (IMF) visited Namibia and found that the domestic economy has grown drastically. However, due to many adjustment phases, it might experience a slight negative decline in 2017 after growing by 1.1 percent in 2016. The negative rate of growth is attributed to the completion of many construction projects like mining in 2017 and government fiscal consolidation. Geremia Palomba...

In line with the regulations of the International Civil Aviation Organisation, Namibia will now synchronise with modern society by introducing as of January 8th 2017 the age of electronic passports. The ministry of Home Affairs has approved and applauded the new development. Security now and then has been compromised by fraudulent practices of unscrupulous individuals who take the risk of counterfeiting...

In his New Year’s address Namibian President Hage Geingob made clear that 2018 is a year for his government to take center stage in fulfilling the promises it made to the people of Namibia; He lamented the reports of laxity, mismanagement and internal wrangles that have come from various government wings. He implored government officials to stand faithful in their calling to serve the public. Key...

Ohorogo Cement made available N$9 million to go towards housing for its employees. The money will help the purchasing of land, and cement contributions for the construction the houses. The managing director of the company, Hans-Wilhelm Schütte, said that this is the biggest highlight in the whole history of Ohorongo Cement as they created the first of many real and lasting legacies for the welfare of...

As the recession continues, consumers are keeping their purses tight and have deserted the shopping malls. The Bank of Namibia data revealed last week that Private Sector Credit Extended increased at a slower pace as consumers kept their distance from credit facilities to avoid spending. The motor industry and the economy as a whole are continuously straggling. Some sectors are affected more than...