The Brief is an online news portal and going source with a focus on the Namibian business sector, current affairs, companies and financial markets.
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June 09, 2023
Companies (1622)
Finance and Public Enterprises Minister Iipumbu Shiimi has intervened in the power disconnection issue faced by defaulting Local Authorities (LAs) and has requested NamPower to halt the disconnection process.
Rössing Uranium recorded an after-tax profit of N$840 million in 2022, an increase from N$193 million in the previous year, according to the company's latest sustainability and performance report.
The European Union (EU) has donated 10 vehicles worth N$6.5 million to the Ministry of Agriculture, Water and Land Reform meant to facilitate the mapping and verification of communal land rights in Namibia.
NamPower still plans to switch off 14 defaulters including eight regions under the Northern Regional Electricity Distributor (Nored), signifying how serious it is in recouping approximately N$1.5 billion owed to the national power utility.
Andrada starts trading on OTCQB, NSX listing unaffected
June 05, 2023
Andrada Mining, an African technology metals mining company, has successfully listed its shares on the OTCQB, a US exchange.
“The greatest danger in times of turbulence is not the turbulence itself, but to act with yesterday's logic.”This quote by Peter Drucker, a management consultant and author, illustrates the need for continuous improvements in an organization to stay relevant amidst market disruptions. In our changing and turbulent business environment, building resilience is imperative for organizations to thrive.
BoN grants MTC approval to issue e-money
June 04, 2023
Mobile Telecommunications Limited (MTC), has received provisional approval from the Bank of Namibia (BoN) for its subsidiary, Windhoek General Administrators (WGA), to issue electronic money in the country.
Fessor Mbango, the former CEO of Erongo Red, has been appointed as the new head of the Central North Regional Electricity Distributor (Cenored) effective from June 5th, 2023.
The share price of uranium developer Paladin Energy returned to around 68 Australian cents a share on Friday, after the Namibian government clarified that it would not be taking any stakes in existing mineral or petroleum licence holders.
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Mobile Telecommunications Limited (MTC) posted a 2.36% to N$1.48 billion increase in revenue for the six months ended March 31, 2023, buoyed by continued growth in data revenue, the resumption of roaming services, and the expansion of enterprise services.
The Government Institutions Pensions Fund (GIPF), which has been searching for a new Chief Executive Officer/Principal Officer, has extended the contract of the current CEO, David Nuyoma, who was scheduled to retire this month, by two months.
The Registrar of Deeds is an individual appointed by the Minister of Lands, Resettlement and Rehabilitation under Section 2 of the Deeds Registries Act.