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In Brief

March 08, 2022

Nedbank hosts Budget Review seminar

Nedbank Namibia Managing Director, Martha Murorua, says the private sector should work together with the Government to rebuild the country’s economy. Murorua was addressing delegates at a National Budget Review hosted by the bank at its new Nedbank Campus in Windhoek. Some of the notable people at the event included Speaker of the National Assembly, Professor Peter Katjavivi, Minister of Finance, Ipumbu Shiimi, as well as the Governor of the Bank of Namibia, Johannes !Gawaxab.

 

Paratus Namibia expects higher earnings

Paratus Namibia Holdings is expecting its interim earnings to rise by as much as 30%, after its subsidiary, Paratus Telecommunications (Pty) Ltd, recorded growth in recurring and non-recurring revenue and contained operating expenses.The information communication and technology sector focused company said headline earnings per ordinary share are anticipated to climb between 10% and 30% higher, for the period ended 31 December 2021.In February, the company announced that it had completed work on the cable landing station in Namibia for Google’s upcoming Equiano cable. 

 

NSX host annual Ring the Bell for Gender Equality event

The Namibian Stock Exchange in collaboration with CFA Society South Africa, hosted the annual Ring the Bell for Gender Equality event in celebration of International Women’s Day.This global initiative is joined by exchanges around the world to foster gender equality and women’s empowerment in the workplace, marketplace, and community.Over 100 other stock exchanges and financial services institutions across the globe collaborate to shine the spotlight on the theme “Gender equality for a sustainable tomorrow” and recognize the contribution of women and girls around the world, who are leading the charge on climate change adaptation, mitigation, and response, to build a more sustainable future for all.

The National Petroleum Company of Namibia (NAMCOR) says it has no plans to ask the Ministry of Mines and Energy to increase its current 10% equity held in all exploration activities taking place in the country, including the two recent oil finds.

Debmarine Namibia’s N$7 billion new diamond recovery vessel, the Additional Mining Vessel (AMV#3), is set to be unveiled this month, eight months after it was officially handed over by Damen Shipyards Mangalia in Romania.

The Namibian Ports Authority has announced the acquisition of cargo handling equipment worth N$17 million, as part of efforts to increase operational efficiency at its ports.

NamPower is set to begin construction of a N$1.259 billion 50megawatt (MW) Anixas II Power Station in Walvis Bay after signing an engineering, procurement and construction (EPC) contract with FK Namibia Joint Venture (JV) on Friday.