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Unemployment, inflation worries hit consumer confidence
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

Hope for full global economic recovery in 2010 diminishes
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

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

Namibia: EU Backs Off on EPA

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.

By Servaas van den Bosch 2 Aug 2010

Massmart strikes while the iron is hot

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.

By Zeenat Moorad 14 Jul 2010

Namibia stands up to EU 'bullying'

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.

By David Cronin 26 May 2010

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

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

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

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

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

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

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

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

Zimbabwe levies duty in forex for underwear

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.”

13 Sep 2007

Chirundu becomes one-stop border post

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.

12 Sep 2007

No Christmas cheer in Zimbabwe this year

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.

10 Sep 2007

SA retailers rough it out in Zim

It is business as usual for South African retailers in Zimbabwe who are keeping a positive spirit despite the economic meltdown and political uncertainty in the country. Large South African retailers, including Massmart, Edgars, OK and Pick ‘n Pay have business interests in Zimbabwe, and indicated they are not about to jump ship despite the recent spate of arrests of business executives accused of not complying with government orders to cut down prices.

By Desmond Walters 25 Jul 2007

Kenya retail supermarket among the best

Only one African retailer other than those out of South Africa has achieved a world ranking - and that retailer is in Kenya.

By Carole Kimutai 20 Jun 2007

A new flavour to Namibia's milk
A new flavour to Namibia's milk

Sipahh®, the milk flavouring straw, has launched into Namibia, which is the beginning of its expansion into Africa. In partnership with the Namibian Dairies, Sipahh is now distributed across all retail and convenience stores nationwide.

30 Mar 2007

Windhoek grabs Gold

Namibia Breweries has received four awards at this year's annual Deutsche Landwirtschafts Gesellschaft (DLG Society) in Berlin. This first-time entry won a Gold Award for Windhoek Lager and Windhoek Draught with two Silver Awards going to Windhoek Light and Tafel Lager.

11 Oct 2005

Brewing up a new brandhouse

Diageo, Heineken and Namibia Breweries have announced that their new joint venture company in South Africa will trade under the name of 'brandhouse'. The new company combines the sales, marketing and distribution of some of the world's top premium brands in this fast growing sector in South Africa.

7 Jul 2004