Tag: months

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BIPA extends penalty waiver program by 3 months
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BIPA extends penalty waiver program by 3 months

The Business and Intellectual Property Authority (BIPA) has extended its Annual Duty Penalty Waiver amnesty for an additional three months, until 30 June 2024. The program was launched in November 2023 and scheduled to conclude on 31 March 2024. Last year, BIPA revealed that its records showed non-compliant businesses collectively accumulated a total of approximately...

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Oryx Properties nearly doubles profit for six months ended 31 December

In its unaudited results for the 6-month period ended 31 December 2023, Oryx Properties has increased its asset base to N$3.78 billion following the acquisition of Dunes Mall in Walvis Bay. The property group also posted a staggering 98% increase in profits, reaching a whisker shy of N$67 million. “Despite the challenging micro- and macroeconomic...

Capricorn Group reports N$827m after-tax profit in 6 months
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Capricorn Group reports N$827m after-tax profit in 6 months

Capricorn Group achieved solid results with profit after tax for the six months ended 31 December 2023, increasing by 18.5% to N$827.6 million, compared to N$698.2 million reported in the prior year. The profit represents an increase of 19.4% in earnings per share to 152.4 cents, while annualised return on equity at half year increased...

Namibia: Geingob Told Top Officials He Had Six Months to Live
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Namibia: Geingob Told Top Officials He Had Six Months to Live

Minister of environment, forestry and tourism Pohamba Shifeta says president Hage Geingob told him he had six months to live. Shifeta on Thursday told The Namibian the statesman repeatedly over the years said he did not want to be buried at Heroes’ Acre. Widely considered as close to Geingob, Shifeta said the former president revealed...

Geingob told top officials he had six months to live
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Geingob told top officials he had six months to live

Minister of environment, forestry and tourism Pohamba Shifeta says president Hage Geingob told him he had six months to live. Shifeta on Thursday told The Namibian the statesman repeatedly over the years said he did not want to be buried at Heroes’ Acre. Widely considered as close to Geingob, Shifeta said the former president revealed...

Namibia exports beer worth N$747m in 12 months
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Namibia exports beer worth N$747m in 12 months

Namibia exported beer worth N$747 million during the period from December 2022 to December 2023, highlighting the potential of the sector for the economy, latest data shows. According to the latest Namibia Statistics Agency (NSA), Namibia’s beer exports targeted markets in South Africa, Angola, and Zambia. December 2023 stood out as a particularly notable month,...

Namibia records 4,844 job losses in 9 months
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Namibia records 4,844 job losses in 9 months

The Ministry of Labour, Industrial Relations and Employment Creation recorded a total of 4,844 job losses, impacting 311 employers, across various sectors during the three quarters of the 2013-2024 financial year. The Ministry noted that the statistics comprise only of retrenchments that are reported to the Office of the Labour Commissioner in terms of Section...

Namibia faced 2,7m cyberattacks in 12 months
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Namibia faced 2,7m cyberattacks in 12 months

Namibia was exposed to 2,7 million cyberattacks where information was hacked in 2022, information minister Peya Mushelenga says. During a staff meeting held at the parliament building on Friday, Mushelenga disclosed that the country experienced an average of over 7 000 attacks per day. Cyber attacks are attempts by hackers to damage or destroy a...