Category: Observer Money
Pay for water and electricity with an eWallet
FNB Namibia has announced that its customers can pay for their water and electricity via its eWallet platform.
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Stimulus upbeat on outlook, despite slump in investee contribution
Stimulus Investments Limited has reported an operating profit of nearly N$1.32 million for the year ended 28 February 2021, compared to a loss of about N$5.95 million for the same period last year.
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Eos to acquire Mushara Collection
Private equity firm ,Eos Capital will acquire The Mushara Collection through its Allegrow Fund, pending approvals from the Namibian Competition Commission (NaCC) and land waiver application with the Ministry of Lands and Resettlement.
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Col’Cacchio reopens at The Grove
Col’Cacchio has once again opened its doors at the Grove Mall of Namibia, after a revamp and under new management.
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Value-Added Tax (VAT) Fraud
Value-Added Tax Act 10 of 2000 was brought into force on 27 November 2000, to provide for the imposition and collection of value-added tax and to provide for matters incidental thereto. Subject to this Act, there shall be levied and paid, for the benefit of the State Revenue Fund, a tax (to be known as the value-added tax) on every taxable supply by a registered person; and on every import of goods or import of services, other than an exempt import.
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Definition of Act dominate procurement conference
Matters surrounding the interpretation of the Public Procurement Act in the procurement process dominated the Namibia Procurement Conference held in Windhoek last week.
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Eos Capital acquires solar and refrigeration business
Private equity firm, Eos Capital has announced that it will acquire Utility Energy Partners’ solar and refrigeration assets subject to regulatory approval.
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Old Mutual extends ALI agreement
Old Mutual has announced that it will invests N$900 000 in total over three years to train government school principals and department heads through Africa Leadership Institute (ALI).
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Meatco directors resign
Material differences including issues to-do with the direction of the company have seen Chairperson of the Meatco board, Johnnie Hamman, his deputy Clara Bohitile and Kay Dieter Rumpf tendering their resignations.
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FNB warns against eWallet scam
Jerome Namaseb, Head of Retail Transactional Banking, warns that a new scam has emerged where fraudsters access and manage customers’ eWallet accounts on the FNB App.
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EIF hosts Sustainable Development Awards
The Environmental Investment Fund of Namibia (EIF) hosted this year’s edition of the Sustainable Development awards, which recognizes the outstanding contributions made by Namibians in the field of sustainable development, under the theme “accelerating the green economy transformation as we recover from Covid-19”
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MTC is Namibia’s most admired brand again
MTC has been named Namibia’s Most Admired Brand for the 2nd year running.
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