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Govt courts investors with SEZ incentives to build film industry 

Govt courts investors with SEZ incentives to build film industry 

Allexer Namundjembo  The government will offer policy and financial incentives to attract investors to the planned Namibia Film and Creative City. The senior manager for marketing, branding and communications at the Namibia Investment Promotion and Development Board (NIPDB), Catherine Shipushu, said the project will provide land within a special economic zone (SEZ), fast-tracked permits and visas, and one-stop investor services. She made the announcement on Tuesday, confirming the official call for expressions of interest (EOI). The project, worth billions, will be developed under a public–private partnership model and will include world-class film production studios, casting agencies, accommodation, and hospitality services. …
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SOEs governance amendments to reach parliament soon

SOEs governance amendments to reach parliament soon

Justicia Shipena  Finance minister Ericah Shafudah says amendments to the Public Enterprises Governance Act (PEGA) will soon be tabled in Parliament.  She said the amendments will shift oversight functions from central government to line ministries. “This process has advanced very, very well, and soon we are going to see the tabling of the amended public enterprises governance bill in parliament,” Shafudah said on Monday during a cabinet briefing at the Government Information Centre. PEGA, passed in 2019, provides rules for the governance, restructuring, and monitoring of state-owned enterprises.  It was initially administered by the Ministry of Public Enterprises, which was…
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Daures UDF candidate rejects tribalism allegations 

Daures UDF candidate rejects tribalism allegations 

Renthia Kaimbi The United Democratic Front (UDF) regional candidate for the Daures constituency, Amingo Honeb, has denied making tribal remarks after a screenshot of a conversation attributed to him surfaced online. The screenshot shows Honeb responding to criticism that  “Tatamutsi in its current form is a total mess. Erongo Regional Council failed to properly demarcate plots.”  Honeb, who is the chief administrative officer at the Erongo Regional Council’s settlement office in Uis, responded that the council was in an “advanced stage with the formalisation of Tatamutsi” and that a company had been appointed to begin the process. He allegedly added,…
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German Forum says prosperity dream unfulfilled for many 

German Forum says prosperity dream unfulfilled for many 

Renthia Kaimbi “Shared prosperity and progress remain a dream for the majority of Namibians,” said Harald Hecht, chairman of the Forum of German-Speaking Namibians.  Hecht made the remarks at a public dialogue on Namibia’s business competitiveness, where he contrasted the country’s “world-famous and well-respected constitution” and reputation as an “oasis of calmness” for foreign investors with the economic struggles faced by citizens. He noted that Namibia’s ease of doing business ranking has dropped from 54th globally in 2008 to 104th today, which he described as a clear sign of decline. The forum hosted the dialogue to promote Namibia as a…
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Rural women still excluded from economy – NNN 

Rural women still excluded from economy – NNN 

Justicia Shipena President Netumbo Nandi-Ndaitwah has said Namibia’s biggest challenge in advancing gender equality is the economic exclusion of women, particularly those in rural areas. “There are areas where there is room for improvement. In our national context, this is mainly in the area of the economic inclusion of women, especially rural women who still remain on the margins of economic activity,” Nandi-Ndaitwah said at the High-Level Meeting on the 30th anniversary of the Fourth World Conference on Women in New York this week. She said economic challenges continue to limit access to credit, land, and markets, with 70% of…
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Tourism returns to pre-covid strength

Tourism returns to pre-covid strength

Chamwe Kaira  The tourism industry has rebounded to pre-pandemic levels, with the national occupancy rate rising to 67.55% in August, up from 59.61% in July.  This was a 4.5 percentage point increase from 63.02% in August 2024 and marked the highest monthly rate since the pre-Covid peak of 69.9%. “This robust performance underscores the resilience of the tourism sector and signals a full recovery of seasonal demand. With September historically being the busiest month of the year, it is anticipated that the upcoming figures will surpass pre-pandemic levels,” said Macro Pulse, an analyst at Simonis Storm Securities. On a year-to-date…
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Heineken deal costs Remgro N$50m in earnings

Heineken deal costs Remgro N$50m in earnings

Chamwe Kaira  The Remgro Group says its share of IFRS 3 amortisation and depreciation charges related to the Distell/Heineken transaction amounted to N$140 million for the year, down from N$257 million in 2024. “These charges stem from additional assets identified when Heineken Beverages obtained control over Distell Group Holdings Limited and Namibia Breweries Limited,” the group reported in results for the year ended 30 June. Heineken Beverages contributed a loss of N$50 million to Remgro’s headline earnings, compared to a loss of N$573 million in 2024.  Excluding amortisation and depreciation, Heineken Beverages posted a profit of N$90 million, compared to…
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Choppies sales grew by 42.3% in Namibia

Choppies sales grew by 42.3% in Namibia

Chamwe Kaira  Choppies Enterprises Limited reported a mixed performance across its southern African operations for the year ended 30 June 2025. In Namibia, sales grew 42.3%, with like-for-like sales up 33.06%.  Earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased 220%, while EBIT losses narrowed from BWP14 million (N$18 million) in the prior year to BWP9 million (N$11.7 million). “Profitability improved as new stores reached full potential, supported by better promotional activity and the completion of an inventory optimisation system,” the company said. The retailer operates more than 20 stores in Namibia and is considering expanding into the south, where…
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Nedbank CEO says marketing marketing builds value

Nedbank CEO says marketing marketing builds value

Staff Writers  Nedbank Group chief executive Jason Quinn says marketing must be seen as central to business growth.  He noted that marketing has shifted from being a back-office function to a driver of trust, brand equity, and long-term value.  He cautioned against cutting marketing budgets during tough times, asking whether reducing visibility and customer engagement could ever solve business challenges. Quinn was speaking at the Nedbank Integrated Marketing Conference (IMC) 2025 in Johannesburg, South Africa.  The event drew over 3 000 delegates in person and online and featured more than 20 speakers under the theme 'Marketing is Business'. Nedbank Namibia…
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Canal+ offer for MultiChoice now unconditional

Canal+ offer for MultiChoice now unconditional

Staff Writer  MultiChoice Group Limited says Groupe Canal+'s mandatory offer to acquire all ordinary shares in MultiChoice not already owned by Canal+ has become unconditional. The cash offer of N$125 per share was first outlined in a circular on 4 June 2024.  As of 19 September 2025, all suspensive conditions have been met or waived. The settlement process will begin once the takeover regulation panel issues its compliance certificate. Canal+ now directly owns 200,030,591 MultiChoice shares, equal to 46% of the company’s issued shares excluding treasury shares.  A further 9,767,641 shares, or 2.2%, have already been tendered under the offer.…
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