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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Namibia

3155 Results / Page 54 of 351

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Business / Economics

Household Credit Trends: Mixed Signals in August

Household credit data for August 2024 reveals a mixed trend, with total debt rising by N$125.94 million month-on-month and N$1.3 billion year-on-year, according to official figures. Despite this increase, says The Brief, a report from Simonis Storm Securities indicates that overall credit growth remains subdued. Notably, mortgage loans have declined by 1.1% year-on-year, reversing the 3.1% year-on-year growth seen in August 2023. This decline is largely attributed to the lingering […]

todayOctober 3, 2024 16

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Namibia

Namibian Police investigate Multisave Supermarket armed robbery

An armed robbery occurred at Multisave Supermarket in Walvis Bay on Wednesday, October 2, 2024. According to the Namibian Police, three suspects armed with pistols robbed an employee at gunpoint outside the entrance and stole a bag containing N$313,725 and car keys. Investigations are underway. Here is Nampol Chief Inspector Elifas Kuwinga with an update.    

todayOctober 3, 2024 69

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Business / Economics

Regional Energy Regulators Association of Southern Africa Appoints Interim Executive Director

The Regional Energy Regulators Association of Southern Africa has appointed Francois Robinson, Manager for Regulatory Affairs at the Electricity Control Board of Namibia, as its interim Executive Director. According to The Brief, this decision follows the resignation of Elijah Sichone on August 15. RERA’s Executive Committee approved Robinson's appointment during a meeting on September 9, and it will remain in effect for six months or until a permanent Executive Director […]

todayOctober 3, 2024 16

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Namibia

Safland to Develop Five New Retail Centers, Including Goreangab Mall

Safland Property Group plans to develop five new retail shopping centers across Namibia, with construction on three set to begin next year. The Brief reports that the N$260 million Goreangab Mall in Windhoek, in partnership with Oryx Properties Limited, is one of the key projects, expected to open in May 2026. Bulk earthworks started on 2 September, with phase one scheduled for completion by November 2024. The 14,500-square-meter mall, anchored […]

todayOctober 3, 2024 36

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Business / Economics

Financial Institutions Supervisory Authority Designates October As Consumer Protection Month

The Namibia Financial Institutions Supervisory Authority has designated October as Consumer Protection Month to educate consumers about their financial rights and obligations. This initiative aims to raise awareness of the importance of protecting consumer rights, safeguarding against market misconduct, and ensuring consumers understand their responsibilities when interacting with financial institutions. NAMFISA spokesperson, Victoria Muranda.  

todayOctober 3, 2024 37

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Business / Economics

Food and Allied Workers Union Accuses Kavango Supermarket of Labour Act Violations

Jacob Penda, the general secretary of the Namibia Food and Allied Workers Union, has accused the management of Kavango Supermarket and Bottlestore (Kavango OK Foods) of violating the Labour Act. Penda condemned the recent suspension of 103 workers, stating that the management intimidated employees who had participated in a legal strike earlier this year. The suspensions were reportedly linked to their involvement in an unprotected strike.

todayOctober 3, 2024 20

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