the Retail community of Namibia

Bidvest Namibia share-offer oversubscribed

Mon, 26 Oct 2009 06:34:00 +0200

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.
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Deadline looms for Bidvest Namibia share offer

Thu, 15 Oct 2009 08:51:00 +0200

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.
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Interest builds ahead of Bidvest Namibia's listing

Thu, 01 Oct 2009 11:08:00 +0200

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.
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Small town, BIG grant

Wed, 05 Nov 2008 11:12:00 +0200

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.
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Jet Community Awards 2008 call for entry

Thu, 10 Apr 2008 14:40:00 +0200

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.
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Chirundu becomes one-stop border post

Wed, 12 Sep 2007 14:24:00 +0200

Zambia and Zimbabwe have signed a bilateral agreement that will see the transformation of Chirundu into a one-stop border post - and that will reduce transit times for imports and exports through border.
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Zimbabwe: Promise of full shop shelves met with scepticism

Thu, 04 Oct 2007 07:17:00 +0200

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.
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Strategic sectors in Namibia

Thu, 20 Sep 2007 12:56:00 +0200

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.
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Zimbabwe levies duty in forex for underwear

Thu, 13 Sep 2007 14:16:00 +0200

Struggling to boost its foreign currency reserves, a cash-strapped Zimbabwe government this week began charging duty in forex for imported footwear and clothing items, including underwear, we can reveal. A Zimbabwean opposition MP described the latest move as “absolutely barmy.”
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No Christmas cheer in Zimbabwe this year

Mon, 10 Sep 2007 15:03:00 +0200

The recent government order to Zimbabwean retailers to slash prices has had another unintended side-effect – banks rolling in cash and no one to spend it.
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