Super User

Super User

Namibia's economy is expected to have recorded a strong growth on an annual basis in the first quarter on the back of increased mining output and improved tourist arrivals. 

The world's leading diamond company, De Beers, says it generated N$10.5 billion (US$650 million) in its fifth cycle sale of gems, including some from Namibia.

Increased use of technology to improve the efficiency of mature African businesses is expected to boost the number of high net worth individuals, as the second generation of family-owned businesses takes over management from founders. 

The Businessman arrested by the Anti-Corruption Commission on Monday has been identified as Chinese national, Guo Yunhai, owner of ABC Investments CC.

Cattle slaughtering increased marginally by 3.4% y/y in May 2022, while that of sheep dropped 12.0%, goats down 90.7% and pigs rose 12.8%. Live cattle exports increased by 35.9% y/y while sheep rose 47.5% y/y although goats dropped 9.8% y/y in May 2022.

National Petroleum Company of Namibia (NAMCOR) Chairperson, Jennifer Comalie, says the country’s two oil finds could generate US$5.6 billion in revenue for the country at peak production.

FNB Namibia forecasts rentals to further increase going forward, but warns that affordability concerns, driven by subdued real wage growth could impact the momentum.

The 146 building plans the City of Windhoek approved in May, represent a 15.6% m/m decrease from the 173 building plans approved in April.

The number of Africans with access to electricity fell during the Covid pandemic, but $25 billion in annual investments could bring full coverage by 2030, the International Energy Agency said.

Namibia Wildlife Resorts Limited (NWR) has announced the commencement of major renovations across most of its resorts at a cost of N$ 16 million.

Joomla! Debug Console

Session

Profile Information

Memory Usage

Database Queries