15 October 2020, Windhoek Namibia. In 2018 Namdeb Diamond Corporation announced its intent to sell the Elizabeth Bay Mine situated in the Karas Region close to Lüderitz. The sale was initiated with the intent of acquiring a suitable entity to manage and maintain the mine that has been in production since 1911 and ensure [...]
Namdeb Diamond Corporation (Proprietary) Limited (‘Namdeb’) today announced that the transaction for the sale of Elizabeth Bay Mine (‘EBay’) to Sperrgebiet Diamond Mining Proprietary (Proprietary) Limited (SDM), subsidiary of the Lewcor Group (a 100% Namibian owned Consortium), has been concluded. Namdeb announced its intention to sell EBay and its associated marine assets as a [...]
According to the IMF’s World Economic Outlook (WEO) Update for June 2020, the global economy is set to experience a deep downturn in 2020 before recovering gradually in 2021.
Photo Caption: Cornelis Beuke, NTA Caretaker Chief Executive Officer
Photo Caption: Sam Ikela, Segment Head, Small Medium Enterprises 12 October 2020: FNB Namibia has partnered with the Development Bank of Namibia on the risk sharing initiative, which was announced by the Minister of Finance, Hon. Iipumbu Shiimi on the 19 August 2020. Sam Ikela, Segment Head, Small Medium Enterprises [...]
A NAMIBIAN BOARDROOM PERSPECTIVE The increased interest from investors and stakeholders and the expectation that Boards become more engaged, knowledgeable and effective has resulted in increased usage of Board evaluations as a tool to measure and enhance the effectiveness of Boards. Background In 2019, Deloitte Namibia carried out a corporate governance survey with [...]
The 2020 road resurfacing tender was awarded to Tau Pele Namibia Construction (Pty) Ltd. The work has commended in mid-September 2020 and will last until the end of March 2021.