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The Ohlthaver & List (O&L) Group will be replacing Pick n Pay Namibia with the Model brand from 1 July. This comes as O&L terminates its franchise agreement with Pick n Pay (PnP) South Africa, which operates Pick n Pay…
Shania Lazarus
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The implementation of the Financial Institutions and Markets Act (Fima) is faced with further delay as parliamentarians push for greater oversight of its regulations. Fima, initially slated to take effect in 2022, has faced criticism from various sectors after a…
Shania Lazarus
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The Namibian Competition Commission (NaCC) has given Mobile Telecommunications Company (MTC), Namibia Power Corperation ( NamPower ) and Telecom Namibia (TN) 30 days to find a find a solution to the prohibitive and unfair agreement that they signed in 2012…
Shania Lazarus
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The Ministry of Finance and Public Enterprises says it will not be following in South Africa’s footsteps to raise value added tax (VAT). Last week, South Africa raised its VAT by 0.5% after initially proposing a 2% increase that was…
Shania Lazarus
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Hyiron Oshivela is set to produce its first green iron ore in three weeks after the company announced the successful production of green hydrogen last week. This will be the continent’s first production of green iron, which is iron produced…
Shania Lazarus
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The High Commission of India has announced the launch of Mission ShakthiSAT-Namibia, offering Namibian girls the opportunity to participate in a lunar orbit satellite launch. Mission ShakthiSAT-Namibia will enrol 108 selected Namibian girls in a training programme. “The objective is…
Shania Lazarus
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Despite being ranked as having some of the best sunlight globally, less than 12% of Namibians utilise solar energy.The country has an average of 10 hours per day and 300 days of sunshine annually. Deputy minister of mines and energy…
Shania Lazarus
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Businesses are incurring an additional 30 to 40% in costs due to slow clearing processes at the border. This is according to the commissioner of the Namibia Revenue Agency (Namra), Sam Shivute. Speaking during the launch of Namibia’s Coordinated Border…
Shania Lazarus
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Standard Bank Namibia Holdings Limited is still to catch up with industry leaders, however, it has crossed the N$1 billion in profit mark for the year ended 31 December 2024. Dubbed the “blue” bank, this milestone is the first in…
Shania Lazarus
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The Namibia Revenue Agency (Namra) says it has recovered N$3.4 million through its whistleblower hotline. According to a statement issued by the institution on Wednesday, this involved financial crimes such as tax evasion, fraud and unethical practices. “Since becoming operational…
Shania Lazarus
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Development Bank of Namibia (DBN) chief executive officer (CEO) John Steytler has resigned with immediate effect. The bank announced this on Tuesday. “Steytler has decided to pursue new interests and opportunities. We thank him for his service and dedication and…
Shania Lazarus
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The total amount of money people have deposited into Letshego has increased from N$828 million in 2023 to N$1.3 billion. This is according to the company’s latest results released last week. “Customer deposit mobilisation grew from N$828 million (2023) to…
Shania Lazarus
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