Simbisa Brands full year profits increases 134% amid economic hardships

ZIMBABWE – Zimbabwe’s Quick service restaurant (QSR) group, Simbisa Brands Limited’s profit for the year ended June 30, 2019 jumped by 134% to US$32 million despite a decline in total customer count. Zimbabwe, which is […]

Heineken South Africa boosts Namibia Breweries profits

NAMIBIA – Namibia Breweries Limited have closed their 2019 financial year with 17 export destinations, 18 brands, and a profit of N$931 million (US$62.88m), reports the Namibian. This is according to recently released financial statements […]

Namibia’s Tunacor Group invests in new solar powered fish processing facility

NAMIBIA – The Tunacor Group, Nambia’s largest fishing company is investing in a new solar powered horse mackerel processing facility in Walvis Bay. The 4 000 square metre facility will be fitted with solar panels […]

Namibia unveils US$8.95 agricultural project to help farmers build climate change resilience

NAMIBIA – Namibia has commissioned a US$ 8.95million (N$130 million) agricultural project that seeks to enhance agricultural productivity by strengthening farmers resilience to climate change. The project, which was launched at Warmquelle in Kunene region, […]

Coca-Cola launches solar power system in Namibia to strengthen green energy sourcing

NAMIBIA – Coca-Cola Namibia Bottling Company (CCNBC), subsidiary of Coca-Cola Beverages Africa (CCBA) has installed 1740 solar panels and nine solar inverters in its facility as part of its ambitions to explore green energy sourcing. […]

Namibia to invest US$2.64m in aquaculture to boost fishing industry

NAMIBIA – The government of Namibia is set to invest US$2.64 million (N$38 million) to promote marine and inland aquaculture in the country. Bernhard Esau, minister of fisheries in the country said that the investment […]

Namibia imposes temporary ban on vegetable imports as local production increases

NAMIBIA – The Namibian Agronomic Board (NAB) has imposed temporary ban on certain vegetable importation following increased supply from the local producers, reports Namibian. According to Lesley Losper, national horticulture manager at NAB, the ban […]

South Africa, Namibia sign agreement to boost fish industry

SOUTH AFRICA –South Africa and Namibia have signed a fisheries Memorandum of Understanding (MoU) that will see the two countries work collaboratively to boost the fishing industry and curb illegal fishing, reports Business Day. The […]