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NIPDB bags Award

December 17, 2021

The Namibia Investment Promotion and Development Board (NIPDB) has been awarded with a Quality Achievement Award by the European Society for Quality Research (EQSR) at an award ceremony and convention held in Dubai, UAE.

The City of Windhoek in November approved plans for 144 projects worth N$186.5 million.

Namibia has recorded a trade deficit of N$8.1 billion in the third quarter after exporting goods and services worth N$13.4 billion while import of goods and services stood at N$21.5 billion, the country’s statistical agency has said.

Namibia’s economy grew by N$1.1 billion in Q3, recording a 2.3% growth compared to a decline of 12.3% recorded in the corresponding quarter of 2020, latest official figures show.

Eskom reported a 4 000% improvement in net profit for the six months ended in September. The power utility reported a R9.2 billion interim profit for the six months ended in September, but still expects to incur a R9.1 billion loss when the financial year ends in March.

The former owners of footwear retail company Tekkie Town have arrived at a settlement agreement with the Steinhoff Group, they said in a statement on Wednesday.

The cost of living in Johannesburg shot up in 2021, mostly due to petrol and car prices that kept climbing, while a stronger Rand compared to 2020 made local prices more expensive in US-dollar terms.

The festive season is once again upon us, and this time of year is synonymous with spending, as people travel for some time away or to be with their families. Unfortunately, this period is also rife with attempts to defraud unsuspecting consumers of their hard-earned money.

The City of Windhoek has announced that its Management Committee has accepted the withdrawal of the resignation of O’Brien Hekandjo, the Strategic Executive: Electricity.

The Government Institutions Pensions Fund (GIPF) says it has approved N$72 million to be invested towards the construction of an oxygen plant in the country.