Unemployment, inflation worries hit consumer confidence

NEW YORK, US: Consumer confidence fell in 25 out of 52 countries in Q4 2010 as hope for a global economic recovery evaporated at the end of last year, according to the latest edition of the Nielsen Global Consumer Confidence Index, which tracks consumer confidence, major concerns and spending intentions among online consumers. 27 Jan 2011 11:00

Hope for full global economic recovery in 2010 diminishes

NEW YORK, US: After an upbeat start to the year with two consecutive quarters of increases in optimism, global consumer confidence fell three points in September to an Index of 90 as consumers' hopes for a full economic recovery this year fades in most parts of the world, according to the latest edition of the Nielsen Global Consumer Confidence Index. 27 Oct 2010 06:22

Namibian president awarded 2010 FANRPAN Award

Hifikepunye Lucas Pohamba, president of Namibia, was awarded the 2010 FANRPAN Food Security Policy Leadership Award earlier this month. The award was announced at the FANRPAN Annual Regional Policy Dialogue in Windhoek. 13 Sep 2010 10:34

Namibia: EU Backs Off on EPA

[Servaas van den Bosch] WINDHOEK: European Union (EU) trade commissioner Karel de Gucht has appeased leading European civil society organisations about the negotiations for a Southern African economic partnership agreement (EPA), promising "not to put undue pressure" on countries. 2 Aug 2010 09:10

Massmart strikes while the iron is hot

[Zeenat Moorad] Fresh from an impressive 52-week sales update, retailer Massmart Holdings, has announced the buy-out of Namibia-based hardware chain, Pupkewitz Megabuild, in line with its African expansion strategy. 14 Jul 2010 12:07

Namibia stands up to EU 'bullying'

[David Cronin] BRUSSELS: Tensions between the European Union and Africa have once again erupted, with Namibia accusing the Brussels elite of resorting to bullying tactics in trade negotiations. 26 May 2010 09:56

Namibia rides out recession

According to Monica Pienaar, manager for JHI property services company in Namibia, the commercial property market has remained stable and resilient over the past year, probably because of its stricter credit laws and an economy less affected by the recession than South Africa. 12 Mar 2010 11:37

Bidvest Namibia share-offer oversubscribed

Bidvest Namibia, the commercial services and fishing business, announced late last week that its public offer of 50 719 000 ordinary shares had been oversubscribed. Applications for 54 809 716 shares came in from 676 applicants. 26 Oct 2009 06:34

Deadline looms for Bidvest Namibia share offer

The offer to the Namibian public of 50,7 million shares closes today, Thursday 15 October 2009 at 12pm ahead of the scheduled listing of Bidvest Namibia on the Namibian Stock Exchange on 26 October. The listing is expected to raise N$313.6 million, earmarked for further investment and expansion of local opportunities. 15 Oct 2009 08:51

Interest builds ahead of Bidvest Namibia's listing

Interest is building up in the planned stock exchange listing of Bidvest Namibia ahead of distribution to prospective investors of the listings prospectus. Sebby Kankondi, Windhoek-based CEO of Bidvest Namibia, reports that interest has been huge and staff have fielded constant enquiries since listing preparations were advertised in local media. 1 Oct 2009 11:08

Small town, BIG grant

There are no roads, no major industry and no historical landmarks in Otjivero, a village about 150km east of Windhoek, the Namibian capital and previously known for little more than its poverty. But in January 2008 it became part of one of the world's first basic income grant (BIG) projects, and now stands the chance of setting an international precedent in the fight against poverty. 5 Nov 2008 11:12

Jet Community Awards 2008 call for entry

The Jet Community Awards, southern Africa's popular grassroots community awards programme, is open for entries once again to those extraordinary organisations and individuals who dedicate their time and energy to the upliftment of their local communities. Now in its sixth year, there's R1 million in prize money on offer and entries are being accepted from South Africa, Botswana, Namibia, Lesotho and Swaziland. 10 Apr 2008 14:40

Zimbabwe: Promise of full shop shelves met with scepticism

Predictions by Zimbabwe's Reserve Bank Governor, Gideon Gono, that empty supermarket shelves will soon be packed with goods are being received somewhat sceptically by Zimbabweans. 4 Oct 2007 07:17

Strategic sectors in Namibia

Agriculture is one of Namibia's prime sectors and is currently among the biggest employers in the country creating an estimated 35,000 direct jobs and 150,000 indirect jobs to families who depend on the workforce. 20 Sep 2007 12:56