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  • KHL Group - International Construction

    November 15, 2013 10:07 AM 155

    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

  • Marriott to buy Protea Hotels

    November 13, 2013 8:54 PM 189

    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 205

    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 172

    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 159

    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

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

    November 12, 2013 3:47 PM 161

    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