Search in the website:
Business / Page 4
No Hope to Revive Peugeot’s Walvis Bay Assembly Plant
By: Justicia Shipena The French automaker Peugeot Group is unlikely to revive operations at its automotive assembly plant in Walvis Bay, which is facing closure six years after its establishment. This was revealed by outgoing French Ambassador to Namibia, Sébastien Minot, who told The Villager that he sees no future for the plant, in […]
Savanna and Castelo to Be Bottled Locally
By: Hertha Ekandjo, Nghiinomenwa-Vali Erastus Namibia Breweries Limited (NBL) has invested N$337 million in a new wine packaging line and has expanded its warehouse and other packaging equipment. This initiative will allow NBL to domesticate the packaging of popular beverages such as Castelo, Hunters, and Savanna for the first time. The new facility was officially […]
Businessman Offers Training to Sex Workers in Oshakati
By: Ludorf Iyambo A local businessman from Oshakati has extended a lifeline to eight sex workers operating near the Okandjendi Bridge by offering them training in design and tailoring, aiming to help them build better lives. The number of individuals turning to sex work in the area has […]
6 Million Litres of Namibian Beverages Exported Across Africa
By: Nghiinomenwa-vali Erastus Namibia exported 60,519 hectolitres (six million litres)of alcoholic and non-alcoholic beverages in June 2024, with 98% of these exports destined for African markets, primarily South Africa, the Democratic Republic of Congo, Zambia, and Tanzania. According to the Beverage Sectoral Report released by the Namibia Statistics Agency (NSA), beer constituted […]
NAM-MIC Issues 655,937 Shares to 522 Beneficiaries
By: Justicia Shipena The Namibia Mineworkers Investment Holdings Company (NAM-MIC), through its Just Transition Trust (JTT) Namibia Limited, has reached a significant milestone by issuing 655,937 shares to 522 shareholders. This announcement was made during the transition of JTT to Just Transition Investment, which now operates as a public company. Joshua Kaitungwa, CEO […]
June Records Improved Export Earnings and Trade Deficit
By: Justicia Shipena Namibia recorded a notable improvement in trade performance in June 2024 with a 37.4% increase in export earnings, rising from N$9.4 billion in May 2024 to N$12.9 billion. According to the Namibia Statistics Agency (NSA), this surge was driven primarily by the mining and quarrying sector, which contributed significantly to the […]
Business Sector Sees 0.5% Year-on-Year Growth in June
By: Staff writer The business sector experienced a 0.5% year-on-year (y/y) growth in June, a significant slowdown from the 4.7% y/y recorded in May 2024, yet still above 2023 levels. Analysis from Simonis Storm Securities’ Halleluya Ndimulunde reveals this as the second slowest credit growth uptake for corporates in 2024. Ndimulunde attributed this declaration to […]
Naloba Appeals to Mbumba to Cancel Local Businesses’ Tax Debts
By: Justicia Shipena The Namibia Local Businesses Association (Naloba) has appealed to President Nangolo Mbumba to pardon all local businesses’ tax debts, allowing them a fresh start. This plea was made during a meeting at State House late Wednesday afternoon, aiming to address critical issues affecting the country’s economy and the livelihood of its […]
High Input Costs Threaten Pork Industry Growth Amid Declining Imports
By: Hertha Ekandjo Local pork farmers face significant challenges that hinder the industry’s growth and sustainability. On the one hand, there is a huge opportunity to supply pork to the local market due to heightened demand driven by the sharp decline in pork imports over the past few years. On the one hand, […]
Cancer Cases on the Rise, Averaging 4,300 Annually … prostate cancer remains the most common cancer in Namibia
By: Nghiinomenwa-vali Erastus The Cancer Association of Namibia (CAN) has reported a significant increase in cancer cases, with an average of 4,300 new cases annually, up from 3,700. This information was highlighted in a statement released by Bank Windhoek during the launch of its Cancer Apple Project, which raises funds for CAN’s outreach […]