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Super User

FirstRand Namibia Limited has posted a N$1.492 billion profit before tax for the financial year ending 30 June 2021, a 23% increase from N$1.209 billion recorded prior year.

Prime Minister, Dr. Saara Kuugongelwa-Amadhila has demanded answers from Namibian Investment Promotion and Development Board (NIPDB) CEO, Nangula Uaandja amid allegations of unfair treatment of former Namibia Investment Centre (NIC) employees by the board.

Namibia’s exports for the month of July declined by 49.4%, with imports retreating by 23.1%, latest figures from the Namibia Statistics Agency (NSA) show.

Agribank says its determined to increase the participation of women and youth in the country’s agricultural sector, and has implemented a specific loan scheme targeting women and youth, which has been operational since October last year.

Curro Namibia, the local unit of Johannesburg Stock Exchange listed Curro Holdings Limited says it’s moving ahead with plans to setup a new private university in the country, with its first enrolment set for 2023.

The issue of vaccination among staff in the workplace has become a topical issue, with mandatory vaccinations, around the world gaining ground. Big companies such as Facebook, CNN, Netflix have even gone further to say “No jab, no job.”

Over the past couple of days, you might have read on the planned listing of Mobile Telecommunications Limited’s (MTC’s), through an Initial Public Offering (IPO) on the Namibian Stock Exchange (NSX) following government’s approval of the process in November 2017. Of course, this is history in the making, as MTC will become the first State Owned Enterprise to be listed. But if you find yourself with more questions than answers around what this means, here is our explainer.

Local ride-hailing company, LEFA says it reached a major milestone in the middle of August 2021, when it clocked up more than 100,000 successful App rides.

The Government Institutions Pension Fund (GIPF) has announced a N$10.167 million investment in Walvis Bay based, WinSalt Manufacture (Pty) Ltd.

The Development Bank of Namibia (DBN) says it is currently faced with an SME loan book where 58% of the loans advanced, valued at N$392.7 million are nonperforming.