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Finance Minister Iipumbu Shiimi revealed on Wednesday that the Procurement Policy Unit (PPU) conducted 18 investigations on public entities for the period 2017/18– 2019/20 to ensure compliance with the country’s procurement regulations.

The Namibian Competition Commission (NaCC) is currently investigating nine mergers, with short-term insurer King Price and Deep Catch among some of the companies targeted.

Merck is walking a tightrope with its Covid-19 pill, expecting to reap billions in revenue while still making the medicine affordable to the world.

Old Mutual plans to make at least two acquisitions within the next five years to boost its market share in the West Africa region, where insurance penetration still has significant headroom for growth. 

AfriTin Mining has reported drill results for a final five holes drilled at the Uis mine, in Namibia, which demonstrate continuity of the V1/V2 pegmatite mineralisation at depth.

With local fuel prices continuing on an upward trend following a 30 cents hike for the month of October and smuggling becoming rife in northern Omusati and Ohangwena regions, you might be  wondering  why Namibians are paying more for fuel than their Angolan neighbours.

Pacific Investment Management Co (Pimco) has agreed to lend a South African state development bank R3 billion, the first deal in a United Nations programme to fund green energy in Africa.

The use of imported cement on government-funded projects has been prohibited by the SA National Treasury from November 4, which will provide a boost to local cement producers.

The National Fishing Corporation of Namibia (Fishcor) interim board expects to appoint a substantive CEO for the company before the end of the month, with the recruitment report set to be deliberated this week and its recommendations later shared with the Public Enterprise ministry next week.

MTC says it’s recording an overwhelming interest for its shares on offer as part of its Initial Public Offering (IPO) which opened on 20 September and due to close on the 1st of November 2021.

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