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The First National Bank of Namibia (FNB) says that 788 transactions resulting in a loss of N$600,000 due to eWallet scams have been reported between August 2022 and August 2023.

The Construction Industries Federation of Namibia (CIF) and the Metal and Allied Namibian Workers Union (MANWU) are seeking an audience with President Hage Geingob to intervene and cancel multi-billion tenders that were allegedly awarded to foreign companies at the expense of locals.

Nillian Mulemi, Chief Executive Officer of the Petroleum Training and Education Fund (Petrofund), has been announced as a speaker at African Energy Week (AEW) 2023, set to take place in October in Cape Town.

 Mobile Telecommunications Limited (MTC), Namibia University of Namibia (NUST), and Methealth Administrators Namibia have signed a memorandum of understanding (MoU) to collaborate on research, technology, and innovation.

Erongo Red paid up

September 10, 2023

Erongo Red is one of the regional electricity distribution companies (REDs) that do not owe power utility NamPower, it has been revealed.

This comes after the company had been inadvertently listed among companies that owe the utility, amidst NamPower's plans to introduce prepaid meters for all its distribution customers, including (REDs), as part of measures to improve its debt management.

The power utility aims to convert all its distribution customers to prepaid meters by July 2025.

NamPower is reported to be owed N$1.5 billion.

Sanlam Investments says it has now deployed an initial N$150 million through the Sanlam Namibia Unlisted Debt Fund, launched during the height of the Covid-19 pandemic, into Namibian companies excluded from traditional banking.

The Namibia Stock Exchange (NSX) is now among the top five exchanges on the African continent by market capitalisation, the central bank has said.

The growth of the Gross Domestic Product (GDP) in the Southern African Development Community (SADC) continues to diverge, while output remains below potential, leading to a high unemployment rate in the region, an official has said.

The National Commission on Research, Science and Technology (NCRST) says there is a critical need to bolster research and development (R&D) capabilities, especially in the context of the burgeoning oil and gas sector.

The Office of the Labour Commissioner says over 40 trade unions and 15 employers who have failed to submit their annual returns have until November this year or will face litigation and deregistration.

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