Company news

08 June 2018 | Business

Siemens signs pacts to deepen ties to China

Siemens has signed more than ten cooperation agreements with Chinese companies as it seeks to benefit from deepening involvement with China’s “Belt and Road” infrastructure initiative, the German engineering group said on Wednesday.

Siemens said the cooperation covers power generation, energy management, building technology and intelligent manufacturing and includes companies such as China National Chemical Engineering Group Corp, China Railway Construction Corp(International) Ltd and China Civil Engineering Construction Corp.

-Nampa/Reuters

Uber jumps into Europe's crowded bike-sharing market

Uber, the ride-hailing company which has been banned from many European cities, is about to launch its JUMP electric bicycle sharing service in Germany as it diversifies and seeks to build bridges with local authorities.

Uber’s chief executive Dara Khosrowshahi made the announcement at a conference in Berlin as dozens of German taxi drivers outside waved placards that read “Uber go Home”.

“I want this to signal a deep commitment to Germany,” Khosrowshahi said, arriving on stage with a bright-red JUMP bicycle.

-Nampa/Reuters

Kenya's Mumias Sugar suspends CEO

Kenya’s Mumias Sugar has suspended chief executive officer Nashon Aseka over “doubtful transactions” that appear to have been entered without following proper procedures.

Mumias, which used to be the East African nation’s leading producer at more than 250 000 tonnes a year, has been beset by poor management and mounting losses in recent years.

The company’s board said Aseka’s suspension would pave way for further investigation. It did not say how long the suspension, which takes immediate effect, would last.

-Nampa/Reuters

Vodacom says interested in "attractive" Ethiopia

South Africa’s Vodacom Group is interested in the Ethiopian telecoms market, it said on Wednesday, a day after the East African country opened its state-run telecoms monopoly.

“Vodacom has said on many occasions that Ethiopia is an attractive market so it follows that there would be interest. Naturally this is dependent on what might become available and if it fits within our investment parameters,” Vodacom’s spokesman said in response to emailed questions.

-Nampa/Reuters

Zimplats leases mining land to government

Impala Platinum’s Zimbabwean subsidiary said on Wednesday that it had agreed to lease nearly half of its mining land to the government and that in turn it had received two mining leases valid for the life of its operations.

The southern African nation had since 2013, under former president Robert Mugabe, unsuccessfully tried to seize the land from Zimplats, the country’s biggest platinum miner.

-Nampa/Reuters

Similar News

 

Base metals rise as China spends

1 week ago - 08 January 2019 | Business

Nampa / Reuters and Fin24Base metals moved higher yesterday, led by steel-linked nickel and zinc, after top metals consumer China took measures to boost lending...

Copper recovers on fresh round trade talk plans

1 week ago - 07 January 2019 | Business

London copper rose more than 2% on Friday, recovering from an 18 month low hit in the previous session, as investor sentiment was bolstered by...

Apple's bombshell and the trillion-dollar question

1 week ago - 07 January 2019 | Business

Rob Lever - Apple's bombshell news - a sharply weaker revenue outlook and lower iPhone sales - has raised questions over the future of the...

Vendors ready for 2019

1 week ago - 07 January 2019 | Business

Vendors across Windhoek are waiting with baited breath for the school week to resume so that they can make some money owing to losses encountered...

Spotlight on role of automated trading amid Wall Street...

1 week ago - 04 January 2019 | Business

Juliette Michel - The recent tumult in financial markets has shined a light on the rising role of automated trading on Wall Street and whether...

Company news in brief

1 week ago - 04 January 2019 | Business

Total starts production at Nigerian oilfieldTotal SA said on Wednesday it had started production from the Egina oilfield off Nigeria's coast, part of a shift...

'Consider privatising SOEs'

1 week ago - 03 January 2019 | Business

The government has once again been urged to consider the privatisation of state-owned enterprises (SOEs) in an effort to help the economy back on its...

Big IPOs eyeing a brittle Wall Street in 2019

1 week ago - 03 January 2019 | Business

Ali Bekhtaoui and John Biers - Investors have been priming themselves for a potentially huge influx of companies selling stock to the public for the...

Barbie will soon be 60 - and is still...

1 week ago - 03 January 2019 | Business

Laurent Banguet - She is turning 60 this year and still doesn't have a single wrinkle.Blonde or brunette, slender or curvy, black or white, princess...

Lab-grown diamond prices slide as De Beers fights back

2 weeks ago - 02 January 2019 | Business

Eric Onstad and Barbara Lewis - Since De Beers abandoned its decades-old policy of refusing to sell lab-grown diamonds as jewellery, the price gap between...

Latest News

Higher food, fuel prices expected

10 hours ago | Economics

Consumers should brace themselves for even more expensive food and fuel this year. Although motorists received a slight reprieve in fuel prices in December,...

'Technical glitches' force plane to...

10 hours ago | Transport

An Air Namibia Embraer ERJ 135 en route to Ondangwa from Windhoek had to turn around on Sunday evening and land at Eros Airport, from...

When legends die paupers

10 hours ago | Columns

The death on Sunday of Bafana Bafana legend Phil Masinga and the outpouring of grief around his passing, especially in Namibia, has once again brought...

SA regulator weighs Eskom price...

10 hours ago | Economics

NAMPA/ANAAs the National Energy Regulator of South Africa (Nersa) on Monday began public hearings on Eskom's tariff increase application, pressure group SAFCEI suggested that the...

Cross-border buses to Zim suspend...

10 hours ago | Economics

Nampa/ANAThe International Cross-Border Traders Association (ICTA) on Monday said it had withdrawn all buses travelling to different parts of Zimbabwe from neighbouring countries as protests...

Nambundunga inspired us - Shalli

10 hours ago | People

Former Namibian Defence Force (NDF) chief Martin Shalli says his successor, the late Peter Nambundunga, played a significant role during the liberation struggle as a...

SADC urged to speak with...

10 hours ago | International

The Southern African Development Community (SADC) has been urged to speak with one voice on the current crisis in the Democratic Republic of Congo (DRC).This...

China and Canada in 'hostage...

10 hours ago | Economics

NAMPA/AFP A Chinese court's decision to impose the death penalty on a...

Ghana's biggest oilfield yet discovered...

10 hours ago | Economics

NAMPA/ANANorwegian oil exploration company Aker Energy has announced the discovery of what appears to be the biggest oil find in the Ghana's history to date...

Load More