For the end of the financial year ended 30 June 2024, Oryx Properties reported a total comprehensive profit of N$384.8 million, which is a significant increase from N$190.9 million in 2023. Oryx’s total portfolio value increased by N$1.072 billion or 35% to N$ 4.167 billion – up from N$3.095 billion in 2023. These figures financially...
Agriculture plays a pivotal role in Namibia’s economy, supporting livelihoods and contributing to food security. However, the current budget allocation does not reflect its importance. This is according to agriculture minister Calle Schlettwein, who recently warned that the current budget allocation for agriculture is inadequate. “At 2.3% of total non-interest expenditure, and about 0.7% of...
Hangana Seafood has concluded wage negotiations with its Workers’ Council. This marks the first time these negotiations have been conducted with representation from a Workers’ Council, a significant shift from previous years when a union led the negotiations. Both the company and the Workers’ Council acknowledge that the process has been a valuable learning experience...
Kraatz, a subsidiary of the Ohlthaver & List (O&L) Group, has started its first apprenticeship intake for the year 2024. This intake sees 10 promising young Namibians embark on a six-month apprenticeship journey as part of Kraatz’s ongoing commitment to developing skilled professionals and future leaders. The apprenticeship programme, now in its 12th year, aligns...
Iuze Mukube As part of efforts to minimise the domestic skills gap, the Namibia University of Science and Technology (Nust), in collaboration with the African Development Bank (AfDB) and other stakeholders, hosted a two-day career fair to connect students with potential employment in the financial sector. The event took place on 19 and 20 September...
The green hydrogen project of Namibia comprises various exceptional individuals with impressive credentials. Theopolina Kapani makes up part of the team as head of technical construction at the Namibia Green Hydrogen Programme. Born and raised in Dordabis, a small town on the outskirts of Windhoek, she has excelled in one of the world’s leading emerging...
BW Kudu, in collaboration with the National Petroleum Corporation of Namibia (Namcor), has expanded the scholarship programme supporting underprivileged school students under the care of the Physically Active Youth (PAY). PAY is a renowned non-profit organisation, dedicated to supporting disadvantaged children in Katutura. This initiative continues a successful collaboration that began in 2023, aimed at...
The Namibia Revenue Agency (NamRA) this week launched a Whistleblower Hotline in partnership with Deloitte Namibia, a private company that provides accounting, auditing, taxation and consultancy services. The hotline is designed to provide a secure and confidential platform for reporting a range of concerns. The initiative, which follows approval by the NamRa board of directors,...
Agriculture minister Calle Schlettwein yesterday took issue with the performance of struggling line state-owned enterprises (SOEs), arguing that their inefficiencies are placing an undue burden on farmers. He emphasised that these SOEs, which are intended to support agricultural productivity, are instead hindering growth and profitability for farmers. The minister noted that these industrialisation and marketing...
WASHINGTON – Tupperware Brands and some of its subsidiaries have filed for Chapter 11 bankruptcy protection and are seeking a buyer, the food container firm said, after years of dwindling sales. “Over the last several years, the company’s financial position has been severely impacted by the challenging macroeconomic environment,” president and CEO Laurie Ann Goldman...