It’s real: Matangara ready in minutes

Ready–made traditional Matangara in either chili or gravy sauce has found a way to turn a 5-hour cooking process into 5 minutes. Thanks to African Deli and a microwave of course. Beef tripe, (Matangara in Oshiwambo) is one of Namibia’s most popular cuisines, however most urban contemporaries have found it increasingly difficult to keep up with its demands of at least 4-5 hours cooking process. With a factory in Walvis Bay, the N$70m Omatangara food…

"It’s real: Matangara ready in minutes"

Repo Rate maintained @ 7% as Nam records N$24b in international reserves

  WINDHOEK—The Monetary Policy Committee (MPC) of the Bank of Namibia kept the Repo rate unchanged at 7 percent following a review of global, regional and domestic economic and financial developments. In its monetary policy announcement today, the Central Bank says this rate remains appropriate to maintain the one-to­ one link between the Namibia Dollar and the South African Rand, without compromising growth. This as global economy is projected to improve slightly in 2017, compared…

"Repo Rate maintained @ 7% as Nam records N$24b in international reserves"

Bank hoping to lure Chinese businesses in Namibia

WINDHOEK-As China globalised, sending people and money abroad, so too did its criminal economy. In Namibia, not a month passes by without a Chinese national being arrested for money laundering. This, as many Chinese business people are accused of sneaking millions of US$ out of Namibia. In a bid to increase banking interests from Chinese businesses in Namibia, Standard Bank has appointed a Mandarin speaking Namibian to focus on the Chinese market in Namibia. Liina…

"Bank hoping to lure Chinese businesses in Namibia"

WANTED! RECESSION RESISTANT POLICIES FOR NAMIBIA

By Mally Likukela WINDHOEK-The news of South African economy slipping into recession early this week does not bode well with the recently availed NDP5 as well as the Harambee Prosperity Plan (HPP). Given the proximity and deep integration of the Namibian economy with that of South Africa, a recession in South Africa will have considerable negative implications for Namibia and it has the potential to derail Namibia from the growth path it has set itself.…

"WANTED! RECESSION RESISTANT POLICIES FOR NAMIBIA"

SA expert disputes President Hage on eradicating poverty

A visiting South African expert has challenged the notion that Namibia can eradicate poverty and grow. Speaking on “The Social and Economic Impact of Social Protection,” recently at UNAM, Professor Alex van den Heever, who is the Chair of Social Security Systems Administration and Management Studies at the University of the Witwatersrand and holds a Masters in Economics from the University of Cape Town suggested a transformative social protection system could provide the necessary gap…

"SA expert disputes President Hage on eradicating poverty"

Standard Bank contributes N$4.7 million to Namibian CSI

WINDHOEK-With a workforce of over 1 700 employees in Namibia, Standard Bank’s roots are deeply entrenched into the fabric of the Namibian society. Today, the Bank’s Acting Head of Marketing Advocate Sigrid Tjijorokisa highlighted Standard Bank’s work towards creating developmental initiatives in the country further revealing that in 2016, the Bank had contributed N$4.7m towards Corporate Social Investment (CSI). “At the heart of our Bank lies the drive to support and help uplift the communities…

"Standard Bank contributes N$4.7 million to Namibian CSI"

Africa Economic Outlook gives Hage’s NEEEF a perfect head-start

Namibia needs to accelerate implementation of its structural reform programme articulated in the Harambee Prosperity Plan and the National Development Plan in line with the aspirations of the 2030 Vision, if it is to harness entrepreneurship that promotes value adding economic activities and creates quality jobs while reducing poverty and inequality, says the African Economic Outlook 2017.  STORY HIGHLIGHTS Namibia growth sharply moderated to 1.3% in 2016 but should rebound in 2017 as the agriculture…

"Africa Economic Outlook gives Hage’s NEEEF a perfect head-start"

Old Mutual celebrates 172 years

  WINDHOEK-Founded on the 17th May 1845 as a mutual insurance company by John Fairbairn, together with several other prominent Cape Town figures, Old Mutual celebrates its 172nd year of existence today. The company, which employs over 64 000 employees worldwide, has offered life insurance, short-term insurance, asset management, banking as well as savings and investment solutions since its inception. Speaking on the occasion of the milestone, Marketing, Transformation and Customer Strategy Executive for the Namibian arm of Old Mutual, Ndangi…

"Old Mutual celebrates 172 years"

Honeymoon is over: MTC increases tariffs

  MTC has increased its tariffs. Effective June 1 2017, MTC’s most popular products and packages, Aweh, Happy Hour and Net Man bundles will for the first time in 11 years cost the users a few dollars more. “MTC has not had any price increases in the last 11 years despite rising operational cost. During this period MTC maintained its operations which was aimed at increasing efficiencies and ensuring excellent products and service to its…

"Honeymoon is over: MTC increases tariffs"

U$120 million Standard Bank deal powers energy supply in Zimbabwe

Standard Bank, as mandated Lead Arranger, has finalised a USD120 million debt package with Zimbabwe Power Company (ZPC), for the rehabilitation of existing power infrastructure at Kariba South Hydro Power Station and Hwange Thermal Power Station. As Lead Arranger for the facility, Standard Bank has partnered The Eastern and Southern African Trade and Development Bank (PTA Bank) to deliver the financing. The transaction was a continuation of a previous funding arrangement with ZPC, which went…

"U$120 million Standard Bank deal powers energy supply in Zimbabwe"