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Foreign direct investment falls 80%

The value of foreign direct investment decreased by an astonishing 81....

No definite plans for nuclear power plant

There are no definite plans in place to build a nuclear power plant an...

PM wants SOE watchdog

Prime Minister Nahas Angula has called for the establishment of a Mini...

Cautious optimism for diamonds

The Namibian diamond industry is cautiously optimistic about 2012. Ing...

Telecom apologises for slow internet

Telecom Namibia this week apologised to its customers who have been experiencing slow internet downloads from international sites in the last couple of days.
Oiva Angula, senior manager: corporate communications and public relations at Telecom said the problem lies beyond the Namibian borders as a result of a failure on the SEACOM undersea cable and capacity loss to one of the company’s upstream service providers, Belgacom, in Europe.
“Telecom Namibia is doing everything in its power to make alternate arrangements, including an upgrade of its facilities in Keetmanshoop to accommodate redundant capacity to deal with failures of this kind. It is expected that the normal fast internet services will be back within the next three weeks,” Angula said in a statement.
“We truly apologise for the inconvenience this must have caused. We also call upon all affected customers to exercise patience and understanding as we work diligently around the clock to overcome the problem with our partners.”

Inflation forecast for 2012 remains unchanged

Inflation forecast will remain unchanged for the year, says Daniel Motinga, senior manager of research and development at First National Bank. According to Motinga, inflation forecast for 2012 remains at 7.1%, with food and transport still the main d...

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DBN enthusiastic about business growth

Economic expert, Dr Michael Humavindu, manager of research at the Development Bank of Namibia (DBN) said that Namibia can expect a boost in economic growth for 2012.
In its forecast for this year, DBN says it expects economic growth to increase, given...

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Minimum wage study set for next month

The Namibia Domestic Workers Union plans to commence with a study aimed at determining the basic salary for domestic workers in February, confirmed Alfred Angula, secretary general of the union.
According to Angula, the study will be conducted in all ...

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No trucks between Swakop and Walvis Bay

Numerous fatal accidents have occurred on the 30 kilometre road between Walvis Bay and Swakopmund especially during the festive season. In a bid to curb fatalities this holiday, heavy trucks, truck-trailer-combinations and two and three-axle trucks a...

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Electric cars for Durban conference

A dozen electric cars from the Renault-Nissan Alliance will highlight the benefits of green transportation and will provide zero-emission shuttle services for delegates at the 2011 United Nations Climate Change Conference which will be hosted from 28...

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Test drive and score a Fiat 500

WesBank and the Spes Bona Motor Company this week announced the first interim winners of the WesBank and Fiat competition.
Corne’ Bergh and Arlien Burger were the winners of the first two keys. One of them now stand a  chance to win a Fiat 500 at...

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Counterfeit notes in circulation

The Bank of Namibia this week warned the public against counterfeit N$100 banknotes in circulation. The N$100 counterfeited banknotes in circulation were detected over the festive season and the matter is currently under investigation. The incidences...

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More muscle at coastal branches - Bank Windhoek grows capacity for business banking

Stephan Haenisch has been appointed as regional executive of corporate banking (coastal) with effect from 1 January 2012 in Werner Thesen’s position who retired in December 2011.
Haenisch started his banking career with FNB in 1989. In 1996 he joined ...

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Public meetings on coal power station commences

NamPower and Aurecon, the consultant company hired to conduct the Environmental Socio Economic Impact Assessment  for the Erongo Coal Power Station, began with the second round of public participation meetings in Windhoek on Wednesday.
Diane Eras...

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Young and successful

Barely three years after graduating from the University of Namibia, 25 year old Betty Ndafediva is already spearheading a fast growing company that she co-owns with Author Mutikori.
Corporate Edge Incorporation is a BEE reputable accounting services p...

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Project to improve lives of women

Women’s Action for Development (WAD) has signed an agreement with Israeli-based TMS-Agri to  establish the Hybrid Tomato Seed Project. More than 900 women will be employed through the project and will entail seed production for export to interna...

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More students receive bursaries

The Roads Authority this week awarded new bursaries to seven successful candidates. The students are enrolled at the Polytechnic as well as at the University of Namibia.  (Picture) from left to right (seated) – Sophia Tekie, president of EPA, Co...

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Offbeat - 27 January 2012

At its root, teaching is not about certification and qualification. It is about giving kids the ability to think. If a kid is not taught to think well, he or she becomes an adult who can’t think well.


Swimming, reading, playing with toys, watching tel...

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Film Review - I Don't Know How She Does It

Venue: Cine 4, Ster-Kinekor, Maerua Mall
Director: Douglas McGrath
Screenplay: Aline Brosh McKenna (screenplay); Allison Pearson (novel)
Players: Sarah Jessica Parker; Greg Kinnear; Christine Hendricks; Pierce Brosnan
Genre: Romantic Comedy
Rating: ***½

Th...

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Offbeat - 19 January 2012

The little dears don’t eat people: their teeth are too underdeveloped to break skin when they bite, usually. And they prefer sweet stuff, or mushy carrots.

According to Reverend Sabine Baring-Gould’s seminal work on lycanthropy and metempsychosis for ...

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Poverty Hunger Disease Violence Ignorance Negligence Decay

Take your pick from the headline list. These words are frequently used by non-Africans to  stereotype Africa. And to bolster this image, the statistics shout just as loud against us. The entire continent, home to almost a billion people, contrib...

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The lack of consensus is a flashing red light signalling uncertainty everywhere

Next week’s edition is dedicated to forecasts and expectations for this year. This is somewhat a
 dangerous undertaking. It is also best not left to the views of a single person mostly due to the pervasive uncertainity of where this year will lea...

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Fitch maintains our BBB- rating but the outlook slips from Positive to Stable

The severe criticism against ratings agencies, following the 2007/08 international financial meltdown, has certainly lead to substantial improvement in their work. This is most notable in their latest sovereign rating for Namibia, released less than ...

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New energy options for Namibia

Dear sir,
Herewith a copy of correspondence [of]almost 13 years ago. With the present Euro crisis and extra high fuel prices, it is to my mind, time to awaken the following dog again.
We heard on an economics broadcast that it is likely that the Rio co...

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RDP Youth League separates lies from truth

Dear sir,
The Rally for Democracy and Progress Youth League (RDPYL) feels very provoked and indeed insulted to have its leader, Hidipo Hamutenya called a thug and wrongfully accused of being responsible for the demise and failure of DBC and AMCOM.
We f...

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Damaseb must take responsibility

Judge President Petrus Damaseb’s complaints that excessive delays in the delivery of High Court judgements erode trust in the justice system, may mislead the public into believing that someone else outside of the High Court, is to blame for such dela...

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This Week In The Khuta - Do something!

Maybe I have this naive, inherent feeling that I can save the world or at least that I can play some part in saving it. I don’t know. But the continuous media reports on poverty and how some old lady is living under a bridge and eats from a dumpster,...

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Hardfacts on Software - Gartner identifies more top 10 strategic technologies for 2012

So what did you think about the first big three Strategic Technologies for this year that we mentioned last week? Disrupting to say the least. But that is not all! Here are three more that Gartner identified for 2012:
“Internet of Things. The Internet...

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We should learn from European countries

Have you ever been to a place where everything just looks perfect? I had the opportunity to stay in Europe late last year; Norway to be specific. I went there as part of a student exchange programme and I should say I was impressed from the very mome...

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Black Africa: ‘We will remain champions’

Runaway log leaders, Black Africa will this weekend visit the coastal town of Walvis Bay on a team-building tour as part of the team’s partnership with its principal sponsor, First National Bank.
According to chairman, Cassius Moetie, the partnership ...

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Tour d’Afrique to land in Namibia

Riders from all over the world are expected to land in Namibia on 27 April. The spectacular annual bicycle event which is celebrating its 10th birthday this year will finish four months later in Cape Town, South Africa after it started in Cairo on a ...

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Football fans can now enjoy AFCON

The much anticipated AFCON games which are jointly hosted by Equatorial Guinea and Gabon, kicked off on Saturday, 21 January. Many football lovers were disgruntled when they learned that the national broadcaster would not be broadcasting the games du...

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Understanding Weather - Not Predicting - 27 January 2012

What happened?
For yet another week the Inter-Tropical Convergence Zone, the so-called ITCZ, remained visible on synoptic charts covering the southern hemisphere. The western end of this inter tropical front showed a weak but persistent vortex just to...

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Understanding Weather - Not Predicting - 19 January 2012

What happened?
The severe heat of the previous three weeks was finally broken this week. The northerly flow attracted by the lower pressure, caused widespread rains over the central, eastern, northwestern, northern and northeastern parts. But except f...

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Understanding Weather - Not Predicting - 13 Jan 2012

What happened?
For more than just a few weeks the main anticyclonic core in the southern hemisphere has extended from the western South Atlantic eastward to cover southern Africa. This belt of high pressure is well marked throughout the troposphere fr...

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