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Bank employee on the run after N$200m theft
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Bank employee on the run after N$200m theft

Bank Windhoek employee Nico Hijendepi Rebebe is on the run after allegedly stealing N$200 million from the bank. The theft took place at Opuwo at about 11h00 on Saturday, when the 30-year-old suspect allegedly transferred N$200 million into two bank accounts in tranches of N$100 million each. This is according to a police crime report...

N$200m Oshana and Walvis Gymnasium Phase 1 completed
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N$200m Oshana and Walvis Gymnasium Phase 1 completed

Ino Harith Capital Investment says it has completed Phase 1 of the Oshana and Walvis Bay Gymnasium project, surpassing an estimated cost of over N$200 million. The state-of-the-art Oshana Gymnasium, specifically designed for Grade 0 to Grade 5 learners in its initial phase, marks a significant milestone in the enhancement of Namibian education infrastructure. Owned...

Pupkewitz Group invests N$200m in MegaBuild Lifestyle Store
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Pupkewitz Group invests N$200m in MegaBuild Lifestyle Store

The Pupkewitz Group of Companies is investing N$200 million in the construction of a new Pupkewitz MegaBuild Lifestyle Store as part of its expansion plan. The MegaBuild Lifestyle Store will be a one-stop shopping destination catering to a wide array of customers. “The substantial investment in expanding and revamping the group’s footprint across the country....

Alweendo wins battle over ‘unnecessary’ N$200m diamond contract
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Alweendo wins battle over ‘unnecessary’ N$200m diamond contract

Minister of mines and energy Tom Alweendo won a High Court case on Friday in which he challenged a decision by an arbitration tribunal that forced the government to renew Nuska Technologies’ five-year N$200-million contract to valuate diamonds for Namibia Desert Diamonds (Namdia). Namdia in 2016 found itself tied to an automatic renewal of a...