Local O&L group announces notice of termination of Pick n Pay Namibia franchise agreement The O&L Group, through WUM Properties (Pty) Ltd trading as Pick n Pay Namibia, owns and operates 19 Pick n Pay branded retail stores in Namibia under a franchise agreement with Pick n Pay South Africa (as franchisor). The O&L Group, through WUM Properties (Pty) Ltd, has given notice to terminate the franchise agreement with Pick n Pay South Africa by 30 June 2025. This strategic decision aligns […] todayJuly 22, 2024 4
insert_link Local Sanlam Empowers Farmers The 13th edition of the Agra Weaner Championship Series kicked off on 09 July, sparking excitement among cattle farmers nationwide. Sanlam is proud to sponsor N$75,000 towards the project, which began its auctions in Karasburg and will continue to Grootfontein. This project provides a prestigious platform for producers to showcase their exceptional work. Additionally, four auctions will be held in the communal areas of Aminus, Okondjatu, Talismanus, […] todayJuly 17, 2024 5
insert_link Business / Economics Ondangwa Trade Fair draws 90,000 visitors The Ondangwa Trade Fair is underway in the Oshana region. The fair brings together B2B exhibitors as well as over ninety thousand visitors from all sectors. We spoke to the town’s CEO Ismael Namgongo for more details. todayMay 2, 2024 27
insert_link Local O&L leisure commences upgrades and renovations at Midgard Namibia is experiencing a transformative shift towards becoming a premier destination, and O&L Leisure is at the forefront of this evolution. With a steadfast commitment to authenticity, care, and passion, O&L Leisure proudly announces the commencement of upgrades and renovations to 25 rooms at Midgard, a cherished retreat nestled in the heart of Namibia's captivating landscapes. As Namibia transitions into a premium destination, O&L Leisure is aligning its […] todayMarch 27, 2024 8
insert_link Business / Economics Building Workers Pension Fund optimistic on construction sector prospects The Namibia Building Workers Pension Fund is optimistic about the year ahead. The principal officer of the NBWPF, Enwich Kazondu, says several projects in the pipeline will impact the construction sector positively. Although, not all will materialise at once, at least the prospects of what lies ahead, create optimism, which is always important from a macroeconomic perspective. Here is Enwich Kazondu. todayJanuary 22, 2024 31
insert_link Business / Economics The gross domestic product for the third quarter of 2023 expanded by 7.2 percent Domestic Economy 1. In the third quarter of 2023, the Real Gross Domestic Product (GDP) exhibited a noteworthy expansion, registering a robust growth of 7.2 percent. This represents a substantial increase from the 5.4 percent recorded during the corresponding quarter of the preceding year. The economy witnessed a commendable trend, characterized by 10 consecutive quarters of positive growths. 2. In nominal terms, the size of the Namibian economy, quantified […] todayDecember 14, 2023 5
insert_link Local Development Bank of Namibia (DBN) Appoints Nicky Katapa Mutenda as Chief Financial Officer The Bank announces the appointment of Nicky Katapa Mutenda as the new Chief Financial Officer (CFO) with effect from December 18, 2023, for a period of 5 years. Nicky’ appointment follows a meticulous selection process conducted by a panel of six distinguished individuals drawn from the DBN Board and by external experts. Commenting on Nicky’ appointment, John Steytler, DBN CEO, expressed unwavering confidence in Nicky as a capable candidate with […] todayNovember 30, 2023 24
insert_link 2 Business / Economics Director of SME Compete wants increased support for SMEs The Director of SME Compete, Danny Meyer says SMEs need support to enable them to help with the country’s economic recovery efforts. INSERT: ENG Danny Meyer SME's todayNovember 28, 2023 14 2
insert_link Business / Economics GDP growth to slowdown to 3.3% in 2023 FNB Namibia Economist, Ruusa Nandago has revealed that the country’s Gross Domestic Product growth is expected to moderate to 3.3% in 2023 and 2.8% in 2024, from 4.6% in 2022, mainly due to the dry weather conditions which will be compounded by a slowdown in consumption. Nandago explains how inflationary pressures have impacted consumers. todayNovember 27, 2023 21
Paying it forward: Kenyan coastal doctor Bashrahil Mohammed Mafudh has made it his life’s work to care for the most vulnerable in his community, at no cost.
