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

Namibian Economy

20 Results / Page 2 of 3

Background

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 25

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 8

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 11

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 59

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 8

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 48

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 36

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