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"

Mining: Risk and uncertainty no longer the same: SBN expert

WINDHOEK—The Namibian mining sector contributes 12.5% to the country’s Gross Domestic Product with an optimistic prediction of it increasing to 15.2% by the year 2022 according to the National Planning Commission. Standard Bank research expert Andre Snyders recently addressed the Mining Expo and Conference weighing on the mismatch between supply and demand is a co-ordination problem. “The years since 2005 have seen some spectacular investments in mining but also some equally noticeable reversal and write-downs,”…

"Mining: Risk and uncertainty no longer the same: SBN expert"

Namibia optimistic on SACU concerns—President

WINDHOEK- President Hage Geingob says SACU remains an important institution for promoting regional development, and trade. The President expressed his faith in the implementation of the 2002 SACU Agreement where all member states are supposed to participate as equals and decisions are to be made by consensus. “Further, the agreement goes well beyond just the revenue sharing mechanism.  It incorporates all other developmental dimensions of industrial development, joint decision making procedures, common policies, institutional bodies,…

"Namibia optimistic on SACU concerns—President"

New Era shuts down newspaper

State-owned New Era Publication Corporation (NEPC) is shutting down Namibia’s only existing weekend newspaper, barely a year after rolling out. Namibia still does not have a substantive weekend newspaper and The Weekend edition of the New Era newspaper established in July 2016 was billed to take over the market. Much of the newspaper’s troubles were paraffined by the printing monopoly in Namibia where Namibia’s top two printing press refused to print the newspaper on Fridays…

"New Era shuts down newspaper"

Gaomab II weighs Namibia’s competitiveness

The African Competitive Report provides a detailed analytical competitiveness profiles for 35 African countries, and provides a comprehensive summary of the drivers of productivity and competitiveness within the continent. Competitiveness is defined as the set of institutions, policies and factors that determine the level of productivity of a country. The level of productivity, in turn, sets the level of prosperity that can be earned by an economy. The different aspects of competitiveness are captured in 12 pillars,…

"Gaomab II weighs Namibia’s competitiveness"

Should Edgars also pay back Namibians?

WINDHOEK-The Namibia Competition Commission (NaCC) will this coming week consider if there is a need to review if Edgars has been unlawfully charging its credit customers, in Namibia South Africa’s National Consumer Tribunal has ruled that the Edgars’s club fee of R34 is unlawful. The Tribunal is still to determine how many consumers must be refunded, and how much should be refunded dating back to 2007. While the Edcon Group, which owns retail store Edgars, plans to…

"Should Edgars also pay back Namibians?"