Economics

Trade deficit almost doubles

11 hours ago | Economics

Namibia recorded a trade deficit of N$8.3 billion in the first quarter of 2018 compared to N$4.8 billion recorded in the first quarter of 2017, according to data released by the Namibia Statistics Agency (NSA)...

Totem

22 hours ago | Economics

Quote of the day“The Minerals Council believes that much more work needs to be done to create a Mining Charter that promotes competitiveness, investment, growth and transformation for the growth and prosperity of South Africa,”...

Support for refugees

22 hours ago | Economics

NDAMA NAKASHOLEA total of N$13.2 million has been allocated in 2018/19 financial year to the administration of refugees programme under the home affairs ministry.The programme coordinates, facilitates and promotes local integration, voluntary repatriation and resettlement.Motivating...

Kingon re-appointed as SARS commissioner

22 hours ago | Economics

South African Revenue Service (SARS) acting commissioner Mark Kingon’s time at the helm has been extended by another three months, after minister of finance Nhlanhla Nene re-appointed him as acting commissioner, starting on Sunday.This development...

Egypt's Suez canal reports record high revenue

22 hours ago | Economics

Egypt’s revenue from the Suez Canal for the 2017-2018 financial year rose 11.5% to a record high US$5.585 billion, the canal authority said in a statement on its website on Sunday.Revenue a year earlier was...

Eskom says full recovery of power system to take...

22 hours ago | Economics

The company also said the possibility of limited, localised electricity outages on Sunday remained high.Eskom, which produces more than 90% of South Africa’s power, is...

UAE to give Ethiopia US$3 billion

22 hours ago | Economics

The United Arab Emirates pledged a total of US$3 billion in aid and investments to Ethiopia on Friday, an Ethiopian official said, a major show...

Fuel, inflation increases coming

22 hours ago | Economics

The potential of a trade war between the United States and China, an interest rate hike in the US and a cut in oil production...

Swiss investor acquires 51% of Otavi steel plant

1 day - 18 June 2018 | Economics

NDAMA NAKASHOLEThe shareholding ratio of the new steel manufacturing plant at Otavi will be 51% for a Swiss company and 49% to Otavi Rebar Manufacturing...

The storm is over: Schlettwein

1 day - 18 June 2018 | Economics

Finance minister Calle Schlettwein said the country's perfect 2016/2017 economic storm is over and that Namibia looks to the future with optimism, projecting growth at...

MTN aims to launch ­mobile service in Namibia

1 day - 18 June 2018 | Economics

MTN Group, Africa's biggest mobile telecoms firm, is aiming to launch a mobile service in Namibia around the end of August, a company executive told...

Totem

4 days ago - 15 June 2018 | Economics

Quote of the day“The position of Children's Advocate in the Ombudsman's Office remain unfunded and therefore the work relating to Namibian children has stagnated,” Lidwina...

Economics

Price monster zooms in on...

4 days ago - 15 June 2018 | Economics

Jo-Maré Duddy – Bread and cereals, staple food for many Namibians, in May exited 12 months of deflation or decreasing price levels: its annual rate...

South African labour unions picket...

4 days ago - 15 June 2018 | Economics

Labour unions, angered by Eskom's failure to raise salaries as it embarks on a cost-cutting drive, have threatened a “total shutdown” of Eskom's operations if...

Totem

5 days ago - 14 June 2018 | Economics

Quote of the day“We are in a position where between 2020 and 2022 we might not have any gas available,” said Luvo Makasi, chairman, Central...

Tender board needs 1 000...

5 days ago - 14 June 2018 | Economics

The Central Procurement Board of Namibia (CPBN) says it needs about 1 000 professionals to serve on its ad hoc bid evaluation committees.The new tender...

Africa briefs

5 days ago - 14 June 2018 | Economics

Rand slips to 6-month lowSouth Africa’s rand slipped to a 6-month low against the dollar early on Wednesday, with investors waiting for local retail sales...

Glencore unit Katanga settles DRC...

5 days ago - 14 June 2018 | Economics

Glencore unit Katanga Mining Ltd said on Tuesday it had agreed a recapitalisation plan for 75%-owned Kamoto Copper Co with Gécamines, its joint venture partner,...

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