The Government Institutions Pension Fund (GIPF) says it has actioned plans to construct a new head office, amid space constraints at its current offices.

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The Bank of Namibia (BoN) and Deutsche Bundesbank have agreed to collaborate on advancing financial inclusion and innovation.

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Namibia Special Risk Insurance Association (Nasria) increased its asset value to N$855 million during the financial year ended March 2023, surpassing its liabilities of N$146 million.

A category of work that is not stable, safe or adequately protected may be characterised as hazardous employment, also called precarious working.

FlyNamibia launched flights connecting Eros Airport in Windhoek to Lüderitz on Wednesday through a partnership with TotalEnergies EP Namibia.

The Central Procurement Board of Namibia (CPBN) says it has disbursed N$7 billion worth of tenders in the past five years of its existence.

Oryx Properties has announced that it has completed the acquisition of the Dunes Mall in Walvis Bay.

The Namibian Stock Exchange-listed company said the development concludes the first phase of its 2025 corporate strategy to grow the fund by 60% in three years. 

This comes as the property firm raised N$312.7 million from its recent rights issue, proceeds of which were directed towards the N$632.7 million purchase price.

"Oryx hereby informs Linked unitholders that the Dunes Mall (Pty) Ltd acquisition has been successfully concluded with the transfer of the shares taking place today, Tuesday 01 August 2023. The acquisition concludes the first phase of the 2025 corporate strategy to grow the fund by 60% in three years," the company said in a stock exchange announcement. 

The acquisition aims to achieve geographic diversification and reduce reliance on its largest asset, Maerua Mall.

Dunes Mall is one of the biggest malls in Namibia.

Oryx is a listed property investment fund with a N$3 billion property portfolio and exposure to different real estate industry segments. As part of its Strategy 2025, the company aims to grow the property portfolio to N$4.5 billion geographically within Namibia.

 

The Ministry of Agriculture, Water and Land Reform says it will need to relook at its specification to suit potential clients if no bids will be received in the second round of the Green Schemes advertised for private investor uptake.

 The Ministry of Agriculture, Water and Land Reform, in collaboration with the European Union, will construct an artificial insemination facility at Okapya Livestock Development Centre in the Oshikoto Region.

Hartlief and the Namibian Food and Allied Workers Union (NAFAU) have agreed to a 5.2% increase in basic salaries, as well as increases to both housing and transport allowances for all Bargaining Unit employees.

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