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Archive: All news

  • KHL Group - International Construction

    November 15, 2013 10:07 AM 146

    The African Development Bank (AfDB) and Namibia have signed a ZAR 2.9 billion (US$ 338 million) loan to the Namibian Ports Authority (Namport) to finance the construction of a new container terminal at Port of Walvis Bay. US $1.5 million has also been awarded to the Government of Namibia for logistics and capacity building, complementing the port project

  • Finland to Upgrade its Embassy Status in Windhoek, Namibia

    November 14, 2013 11:03 AM 154

    (FINNBAY) – Windhoek, 14 November 2013. President Pohamba made a State visit to Finland on 12–13 November responding to a return visit following the visit made by former President Tarja Halonen to Namibia in February 2011. Finland’s diplomatic mission will regain its former embassy status, but trade policy between communities is still seeking a common

  • Marriott to buy Protea Hotels

    November 13, 2013 8:54 PM 181

    Global hotel giant Marriott International has signed a letter of intent to buy Protea Hotels, that operates or franchises 116 properties on the continent, including five in Namibia. Protea Hotels Fürstenhof, Walvis Bay, Pelican Bay, Ondangwa, and Zambezi River Lodge are all included in the deal. The deal is likely to make Marriott the biggest hotel firm in Africa

  • Dairy producers blame drought

    November 13, 2013 8:42 PM 196

    THE Dairy Producers Association (DPA) explains that the high price and shortage of fodder are major factors that contribute to the current cost of dairy production in Namibia, as it has a ripple effect on the entire value chain. The DPA was reacting to complaints about the current soaring milk price in Nami-bia. Japie Engelbrecht, chair-man of the DPA said that the current

  • New money security upgraded

    November 13, 2013 8:23 PM 165

    The Bank of Namibia (BoN) has warned that consumers should take note of new security features introduced into South African bank notes by that country’s reserve bank. According to BoN spokesman Ndangi Katoma, the new features are dominated by the addition of dots to the front and back of the ‘Mandela’ bank notes, as the currency featuring founding president

  • MVA

    November 13, 2013 4:01 PM 153

    Late last month, the National Assembly responded to a petition submitted by the Namibia Transport and Taxi Union (NTTU) on 25 July. The petition was subsequently referred to the Standing Committee on Constitutional and Legal Affairs on 3 October 2013, and the committee held a meeting with the NTTU on 15 October. The National Assembly’s committee scheduled

  • Found sounds: you need GoodLuck to record music in a Namibian desert

    November 13, 2013 11:07 AM 148

    In an unusual African safari, South African electronic band GoodLuck took their studio into a Namibian desert to record their new album. The desert was better than a traditional studio. The desert is a desolate place - hot, dry and far from civilization. But for GoodLuck, an electro-pop group from South Africa, it was also the perfect location to record

  • Ephedrine trial deferred to February

    November 13, 2013 7:37 AM 153

    WINDHOEK - The expected start of the “Ephedrine Trial” was delayed on Monday ostensibly for lack of time, but New Era has it on good authority that it was because the State could not find the statute under which the charges were laid. Zimbabwean national Pricilla Masa, 26, and South African citizen Sisa Heather Buthelezi, 38, are charged with dealing

  • UPDATE - Weatherly sets out timeline to Tschudi production as financing is wrapped up

    November 12, 2013 3:47 PM 149

    12th Nov 2013, 10:43 am by Giles Gwinnett Copper miner (LON:WTI) has concluded its financing with Orion and set out a timeline to production at the Tschudi project in Namibia. First copper from the open pit project is earmarked for the second calendar quarter of 2015, the -quoted firm said, adding it had drawn down under the US$80mln tranche B of the financing

  • China's Rural Land Reform Drives Agribusiness Stocks

    November 12, 2013 8:47 AM 166

    China’s most important policymaking session is underway. During a four-day closed-door meeting that ends Tuesday, President Xi Jinping has been laying out social and economic reforms for almost 400 of China’s top politicians. This leadership conference is officially known as the third plenum of the 18th Central Committee and it could be transformative