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NamPower says the Covid-19 pandemic has delayed the completion of its N$630 million Auas-Gerus transmission line project by six months.

Windhoek Renovations has dragged the estate of late businessman Barnabas Uugwanga and his company EVS Mining Contractors to court demanding to be paid over N$3 million in debt.

 The Namibia Financial Institutions Supervisory Authority (NAMFISA) is banking on technology to stimulate public participation on the Namibian Stock Exchange (NSX).

The euro briefly fell back below parity against a robust dollar on Monday and was languishing at five-week lows, weighed down by concern that a three-day halt to European gas supplies later this month will exacerbate an energy crisis.

Angola and the European Union are set to start talks for a trade deal this year after EU and African partners approved a request from the oil-producing nation to join a regional trade bloc, according to an EU document and an official.

The green light to start negotiations came in late July, an EU document shows, shortly before the southern African country holds general elections next week.

"We are now in a position to open formal negotiations, but there is not yet a date agreed with Angola. We expect this to happen in the last quarter of this year," an EU spokesperson told Reuters.

The Angolan government had no immediate comment.

The possible deal would likely increase the export of Angolan products to the EU, and possibly reduce the dominance of oil which currently accounts for nearly all exports by value.

Angolan products such as frozen shrimps, ethyl alcohol, wheat bran and bananas are likely to benefit the most thanks to the expected lift of tariffs, according to EU estimates.

With the boost in trade expected from the deal and EU's increased need of fuel amid the energy crisis caused by the war in Ukraine, Angola might also export more oil to the 27-nation bloc. Currently China is by far its largest customer, despite oil now faces no import duty in the EU.

Most of Angolan exports to the EU already benefit of preferential treatment because the country had been classed as a least developed nation.

But thanks to its recent oil-fuelled economic growth, it is set to lose that status in 2027. That means it would face tariffs on several products unless it joins the regional trade agreement the EU signed with six southern African nations in 2016.

Under the deal, EU products will also access the Angolan market with lower duties - an advantage for local consumers but a risk to domestic industries if they do not invest to remain competitive.

Under the regional trade deal, the EU entirely removed tariffs and quotas on any imports from Botswana, Lesotho, Mozambique, Namibia, and Eswatini, and almost entirely lifted duties on South African exports, which remain however subject to quotas.

In exchange, the southern African countries removed duties on up to 86% of EU exports.-fin24

Mobile Telecommunications Limited (MTC) in collaboration with Netstar Namibia and Standard Bank Namibia, have launched an In-Car Wi-Fi and vehicle tracking service on vehicles purchased through Standard Bank.

TransNamib says salary increases and benefits awarded to staff over the years have contributed to its precarious financial position. 

Savanna Beef Processors, a grouping of Namibian beef producers, has raised an additional N$12,3 million from 39 producers on the opening day of its 2nd capital raise which opened on Friday.

Hyphen Hydrogen Energy (Hyphen) has expressed optimism that its planned N$170 billion project will be signed off by the Namibian government before the year ends.

Zimbabwean national airline Air Zimbabwe is planning to start flights between Harare and Windhoek to take advantage of a gap in the market left by the collapse of Air Namibia. 

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