Business

President Geingob courting French businesses

President Geingob courting French businesses

By Andreas Thomas WINDHOEK – THE bilateral cooperation between Namibia and France will be greatly enhanced, as the business community takes a leading role in boosting relations through increased trade, investment and economic activities, says President Hage Geingob.     For this reason, President Geingob, during his state visit to France on Monday, encouraged more French […]

Pipeline fees to go down next year

Pipeline fees to go down next year

By Tichaona Kurewa HARARE-ZIMBABWE’S National Oil and Infrastructure Company (NOIC) will next year reduce fees to transport oil through the Beira-Feruka-Msasa pipeline to 6.5 US cents per litre from 8.05 US cents per same unit, an official has said. Petroleum products are shipped to Beira and transported into Zimbabwe up to Feruka in Mutare (Manicaland province) […]

Zim leasing dry port in Namibia

Zim leasing dry port in Namibia

By Tichaona Kurewa HARARE-NATIONAL Railways of Zimbabwe’s (NRZ) subsidiary Road Motor Services (RMS) is leasing about 10,000 square metres of cargo handling and storage space available at the Zimbabwe Dry Port Facility in the Port of Walvis Bay, Namibia. The government of Namibia in September 2009 granted Zimbabwe 19,000 square metres of land to construct […]

South Africa buys big as Namibia sticks to control

South Africa buys big as Namibia sticks to control

By  Lenin Ndebele THERE WAS revived interest from South Africa during this year’s tobacco selling season in Zimbabwe, with the largest regional economy beating its 2015 numbers.    Figures released by the Tobacco Industry and Marketing Board of Zimbabwe indicate that the biggest regional market for Zimbabwean tobacco was ranked second globally behind the leading […]

NamPower still hopeful of Kudu Gas

NamPower still hopeful of Kudu Gas

By Timo Shihepo WINDHOEK – THE Namibia Power Corporation (NamPower) is still hopeful that the 884MW Kudu Gas power project will still commence despite government pulling out as guarantor for the project.    The news come at a time when Tanzania is making progress in producing gas-fired electricity. Recent discoveries of gas reserves off the […]

AU pushes up intra-African trade

AU pushes up intra-African trade

> Thandisizwe Mgudlwa CAPE TOWN – THE African Union is intent on advancing intra-continental trade. This became clear during the 8th meeting of the African Union Sub-Committee of Directors General (AUSCDG) of Customs held in Harare on Monday this past week.    The theme of the gathering was: “From Barriers to Bridges-Implementing One-Stop Border Posts […]

Airlines hit by commodity price fall

Airlines hit by commodity price fall

> Leonard Ncube VICTORIA FALLS-AIRLINES, big and small, from across the African continent met in Zimbabwe this week for the 48th Africa Airlines Association (AFRAA) Annual General Assembly which sought to deliberate on challenges facing the aviation industry. Among the major challenges discussed were difficulties in repatriating funds from countries of operation and a lack […]

Work permit bottlenecks hurt Bot’s investment

Work permit bottlenecks hurt Bot’s investment

> Bakang Mhaladi GABORONE – BOTSWANA Investment and Trade Centre (BITC), the country’s investment promotion agency, says the continuous rejection of work permits and visa applications for expatriates is a major hindrance to attracting investment into the country. BITC chief executive officer, Letsebe Sejoe, recently told the Parliamentary Committee on Statutory Bodies that businesses are […]

Regional power trade up

Regional power trade up

> Tichaona Kurewa HARARE- REGIONAL electricity trading on the competitive market increased significantly among member states sparked by excess generation in some countries and under generation in others during peak and off-peak hours. Statistics released by the Southern Africa Power Pool (SAPP) under Day Ahead Markets (DAM), Intraday Market (IDM) and Forward Physical Monthly Market […]

Drought, weak economy hit SA food producers

Drought, weak economy hit SA food producers

> Nqobile Dludla JOHANNESBURG-AFRICA’S Pioneer Food, Astral Foods and Rhodes Food expect the severe drought and weak economic growth to weigh on their businesses in the 2017 financial year, the companies said after reporting results.    An El Nino weather pattern, which ended in May, triggered drought conditions across the southern African region that hit […]

Delta seen selling sparkling beverage assets

Delta seen selling sparkling beverage assets

By Simbarashe Zishiri HARARE- ZIMBABWE’S beverage giant, Delta Corporation, is likely to sell-off its sparkling beverages business, which bottles popular Coca-Cola brands, analysts say. Delta stands to lose a third of its business if The Coca-Cola Company (TCCC) follows through on its intentions to rip up a Bottlers Agreement between the two. An analyst briefing […]

Spar pulls out of Zim

Spar pulls out of Zim

JOHANNESBURG-SOUTH –African retailer and wholesaler Spar Group has closed its distribution centre in Zimbabwe due to weak economic growth and will now supply independent stores from South Africa, the firm’s chief executive said on Wednesday. “The economy was just too tough . . . payment issues, infrastructure issues, so it was better that we exited,” Spar […]

Namibia at a crossroads as donor money dries up

Namibia at a crossroads as donor money dries up

By Timo Shihepo WINDHOEK–FROM outside, Namibia is regarded by many as a shining light among Southern Africa Development Community (SADC) countries, but a closer look indicates that things are not as they seem. The country has good infrastructure, including good roads and world-class port facilities, reinforced by financial stability as well as admirable peace and […]

‘Namibia can profit from South Africa’s decline’

‘Namibia can profit from South Africa’s decline’

By Magreth Nunuhe WINDHOEK – NAMIBIA is fantastically well positioned to take advantage of South Africa’s economic decline, with looming recession in the southern neighbour coupled by struggling manufacturing, hostile mining policies and consumers being driven to the brink due to rising inflation. This is the view of Frans Cronjé, the CEO of the South […]

EU, UNCTAD consider trade support for Angola

EU, UNCTAD consider trade support for Angola

By Tichaona Kurewa HARARE-THE United Nations Conference on Trade and Development (UNCTAD) and the European Union (EU) are discussing a wide-reaching technical assistance and training programme for national experts in Angola’s Ministry of Trade, worth 5.5 million (US$6.1 million), UNCTAD has said. Set to be  launched in early 2017, the four-year programme, known as EU-UNCTAD […]

US$50m boost for renewable energy projects

US$50m boost for renewable energy projects

By Tichaona Kurewa HARARE-THE International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have availed US$50 million for scalable, replicable and transformative renewable energy projects in developing countries. This tranche becomes the fifth round of funding for renewable energy projects in developing countries. The funding is part of ADFD’s US$350 million […]

Vic Falls gets ‘worldy’ new airport

Vic Falls gets ‘worldy’ new airport

By Lovemore Ranga Mataire HARARE- TOURISM players in Zimbabwe are ecstatic following the completion of the Victoria Falls International Airport, which is set to usher in a new era of tourism in the region and beyond. The airport, which was set to be commissioned by President Mugabe on November 18, was built at a total […]

Botswana seeks diamond innovation

Botswana seeks diamond innovation

By Mpho Tebele GABORONE- BOTSWANA has defended the strategy it has put together in collaboration with mining giant, De Beers, for diamond beneficiation. Vice President Mokgweetsi Masisi told a diamond conference held in Gaborone recently that the strategy has enabled growth in a number of cutting and polishing factories and in secondary trading of rough […]

Zim forces telcos to share infrastructure

Zim forces telcos to share infrastructure

HARARE- ZIMBABWE has gazetted regulations, which make it compulsory for mobile telecommunication operators to share infrastructure, a move which could cut costs by as much as 60 percent but which analysts say will only benefit poorly resourced networks. The regulations, which were gazetted on November 4 as Statutory Instrument 137 of 2016, seek to eliminate […]

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