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

 

NBL concludes wage agreement

11 hours ago | Business

Namibia Breweries Limited (NBL) – a subsidiary of the Ohlthaver & List (O&L) Group - successfully concluded its wage negotiations with the Shop Steward Committee...

Company news in brief

11 hours ago | Business

Old Mutual to sell Nedbank sharesSouth Africa’s Old Mutual Ltd said on Wednesday it would sell around 5.5 million shares in Nedbank Group Ltd to...

Ghana positive about Air Namibia Accra-London route

1 day - 18 October 2018 | Business

Air Namibia could introduce a scheduled flight from Accra, Ghana to London as from early 2019 once an agreement between the two countries has been...

Otjikoto remains a B2Gold heavyweight

2 days ago - 17 October 2018 | Business

Jo-Maré Duddy – The Otjikoto gold mine, majority-owned by B2Gold Corp, was the third biggest contributor to the Vancouver-based miner’s total production for the first...

Company news in brief

2 days ago - 17 October 2018 | Business

Pick n Pay H1 profit jumpsSouth African supermarket chain Pick n Pay Stores yesterday said half-year profit before tax jumped 19.1% as price cuts attracted...

Mutorwa reinstates Gawanas-Vugs

2 days ago - 16 October 2018 | Business

Transport minister John Mutorwa has back-flipped on his decision to fire Beverly Gawanas-Vugs from the Namibia Airports Company (NAC) board.Mutorwa fired the entire NAC board...

Company news in brief

3 days ago - 16 October 2018 | Business

B2Gold keen on any African assetsCanada's B2Gold Corp is “definitely interested” in any West African assets that Barrick Gold Corp may put up for sale...

New MD for Rössing

3 days ago - 15 October 2018 | Business

Richard Storrie has been appointed as the new managing director of Rössing Uranium Limited, effective 29 October 2018. He joins Rössing from Rio Tinto Serbia...

Otjikoto’s gold production above budget

4 days ago - 15 October 2018 | Business

B2Gold’s Otjikoto Mine in Namibia delivered another quarter of solid production in the past quarter, producing 42 403 ounces of gold, the company said...

The taxability of rental deposits received

4 days ago - 15 October 2018 | Business

A general pitfall we see being applied in practice is that landlords argue the fact that because they have an unconditional liability to repay the...

Latest News

Nail errant nurses - Haufiku

11 hours ago | Health

Health ministry permanent secretary Ben Nangombe has issued a directive that no nurses may use their cellphones while on duty, and that no health facilities...

No peace for Cheryl's family

11 hours ago | Crime

The police are still working around the clock to catch the killer, or killers, of nine-year-old Cheryl Avihe Ujaha although there has been a lack...

Recruiting the best staff

11 hours ago | Supplements

Below are some tips for employers on how to go about this often arduous task.Improve your candidate poolCompanies that select new employees from the candidates...

Taking Namfisa to new and...

11 hours ago | Supplements

Octavia Tsibes As the deputy CEO of prudential supervision at the Namibia Financial Institutions Supervisory Authority (Namfisa), Erna Motinga is responsible for strengthening its supervisory...

Our dismal public healthcare

11 hours ago | Columns

There appears to be no end in sight to the many and deep-seated problems at the heart of Namibia's public healthcare sector. It goes without...

A vivacious young woman

11 hours ago | Supplements

Born and raised in a small village called Kayira-yira, situated eight kilometres west of Rundu, Zonia worked very hard throughout her school years and moved...

Improving sustainability through change

11 hours ago | Supplements

Justicia Shipena Her key role is to help Namport deliver sustainable performance improvement by utilising people. Futher focusing on how change can influence, which includes...

Airport downgrade a major threat

11 hours ago | Transport

Analysts believe that if Hosea Kutako International Airport (HKIA) is downgraded by the International Civil Aviation Organisation (ICAO), it would lead to massive job losses,...

'Arrogant' Utoni under fire

11 hours ago | Government

Land reform minister Utoni Nujoma has been described as crude, dismissive and arrogant when it comes to dealing with the media.These were the sentiments of...

Load More