In response to the Landless People’s Movement’s Henny Seibeb’s question about the moratorium on fuel wholesale retail licences, Minister of Mines and Energy Tom Alweendo explained that the moratorium was imposed due to concerns raised by existing retail businesses. These businesses claimed that the increased issuance of licences was affecting their operations, leading to a...
FNB Namibia appoints Nangula Kauluma and Sepo Haihambo as CEOs of FNB Retail Banking and FNB Commercial Banking respectively – Business Express Skip to content Facebook Twitter LinkedIn Source link
Namibia witnessed a significant increase in mining activity and substantial growth in the wholesale and retail trade sector, contributing significantly to economic growth over the past year, a new report shows. According to PSG Wealth, the mining and quarrying sector recorded a 51.7% y/y growth attributed to substantial increases in metal ores mining and uranium...
Martin Endjala The National Petroleum Corporation of Namibia (Namcor) is contemplating a reassessment of its expansion plans for its retail service station network throughout the country. Initially, the company aimed to establish 33 service stations nationwide by 2024, but to date, only 16 have been successfully established. During a recent press conference, Namcor’s acting Managing...
In the three months from July to September 2023, retailers and wholesalers saw a 6,1% increase in their activities, earning a total of N$17 billion. This is according to the Namibia Statistics Agency’s gross domestic product (GDP) report released yesterday. According to the report, though businesses made N$1,7 billion more compared to last year, it...
Local retailer, Choppies Namibia made a notable stride in expanding its presence in the country with the simultaneous launch of the Rosh Pinah, Oshakati Etango, and Oshakati Santorini stores on 8 December. Highlighting the significance of this strategic move, Choppies emphasised its commitment to offering top-notch products and services across diverse regions. The inauguration of...
A fire broke early this morning on the first floor of the historic one-story Pupkwewitz Megabuild hardware retail shop building constructed in 1906 at Luderitz. Local firefighters responded to the fire and managed to put it out. Eric Laufs, Luderitz Pupkwewitz Megabuild branch manager, said it is suspected that an electric short circuit might have...
Paratus Namibia has extended its retail footprint, adding nine more resellers and six pop-up shops across the country. Earlier this year, the telecommunications operator opened three branded pop-up shops at informal areas around Windhoek. Paratus Namibia managing director Andrew Hall says expanding the company’s retail network is important. He says the additional 28 stores would...