Canadian company ReconAfrica, which is conducting oil exploration activities in the Kavango East and West regions, recently donated N$15 million towards the Covid-19 vaccination campaign in the two regions. According to ReconAfrica spokesperson Ndapewoshali Shapwanale, the company deemed it appropriate to assist government’s vaccination activities in the two regions in response to the challenges faced […]
Tag: Company News
Flour Mills in a separate pact with FBN Holdings Group will acquire the financial services group’s stake of 5.06 per cent in Honeywell. Nigeria’s biggest flour-maker Flour Mills of Nigeria Plc Monday said it has brokered a deal to buy out the majority equity interest in rival Honeywell Flour Mills, majority owned by billionaire and […]
An engineer at ZBC appeared in court Friday on allegations of attempting to extort Prophet Tapiwa Freddy of US$20 000 after threatening to expose a love affair between the prophet and radio presenter Rutendo Makuti. Mutetepi Maushe (36) was not asked to plead to extortion charges when he appeared before magistrate Dennis Mangosi, who remanded […]
The Ministry of Fisheries and Marine Resources has asked a fishing company co-owned by businessman John Walenga to explain why it has changed its ownership without ministerial approval. The company is called Tweya Fishing, and was established in 2000 to benefit from hake fishing quotas. In their application that year, the company’s owners included former […]
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Namibia: Fishrot Accused Pleads for Bail
“I believe, and I verily do so, that the public’s interest is not to see me rotting in pretrial detention.” This was part of a seven-minute address which Ricardo Gustavo, former director of Investec Asset Management in Namibia and since late November 2019 one of the men facing charges in the Fishrot fishing quota fraud […]
Mutare — A Chinese Company, Freestone Mines, and the Mutare City Council have come under fire from residents after started mining for quarry stone on the deforested Dangamvura Mountain without going through an Environmental Impact Assessment (EIA) process. The mountain is under the local council’s land and is known as stand number 13415 Mutare township. […]
Econet Services trading as, Clean City Drilling, has been dragged to court by one Dorcas Moyo for failing to finish a borehole drilling worth $56 000 in the local currency, and US$1 200. According to summons filed with the High Court, Moyo and Clean City Drilling entered into an agreement in which the company was […]
The Supreme Court Monday ruled businessman Farai Matsika tried to illegally grab ownership of Croco Holdings from the rightful owner Moses Chingwena. Supreme Court judge, Justice Chinembiri Bhunu in his judgment said High Court judge, Justice Owen Tagu cannot be faulted for coming up with that ruling since Matsika had put nothing before the courts […]
Following negotiations President Dr Lazarus Chakwera earlier had with Ahmed Elsewedy President and CEO of Egyptian multinational electrical company, Elsewedy Electric, the country has signed a US$1 billion (K816 billion) deal. Minister of Trade, Sosten Gwengwe signed the MOU on behalf of the Government on Tuesday in Durban, South Africa. Gwengwe said Elsewedy will bring […]
The Ministry of Agriculture and Land Reform has cancelled two prospecting permits once issued to, Headspring Investments that was seeking to find uranium in the Stampriet artesian basin. The company was on a mission to drill 37 boreholes for uranium prospecting, a move that had angered southern farmers that depend on the basin for fresh […]
Another Fishrot accused made damning allegations during his testimony yesterday in his bail application before Windhoek High Court Judge Herman Oosthuizen. Ricardo Gustavo (45) told the court that unlike other suspects who were allowed to explain their involvement in the Fishrot scandal, he was never given such an opportunity. “There are people walking free after […]
FINANCIAL advisory company, FinKing will be hosting this year’s business awards ceremony on the 4th of December in Chegutu as it moves to honor exceptional entrepreneurs. Running under the theme “Time to remodel”, the awards strive to recognize and inspire well-run entities across a number of business sectors. FinKing Financial Advisory, through FinKing national business […]
Listed tobacco processor, British American Tobacco (BAT) has hailed the prevailing stable exchange rates and easing inflationary pressures fostering stable pricing during the review period where export volumes recorded a 44 % growth. Presenting a trading update for the nine months up to September 31, 2021, BAT chairperson, Lovemore Manatsa said the company delivered overall […]
The Chinese embassy and the Chinese Project Management Enterprise in consultation with the Roads Authority awarded a N$1 billion project to construct 21 kilometres of road between Windhoek and the Hosea Kutako International Airport, to the Chinese company Zhong Mei Engineering Group. Roads Authority (RA) head Conrad Lutombi said this phase of the construction project […]
The Grain Millers Association of Zimbabwe (GMAZ) has castigated the recent report tabled by the chairperson of the Parliamentary Portfolio Committee on Lands, Agriculture, Water, Fisheries and Rural Development, Justice Mayor Wadyejenana calling for a police investigation on its chairman, Tafadzwa Musarara for allegedly failing to account for funds allocated by the Reserve Bank of […]
Sani Dangote, the younger brother of Africa’s richest man, is dead. Details of his death are sketchy but he was said to have died at a US hospital. The deceased was the Group Vice President Dangote Group, while his brother, Aliko, is the president. He was an established businessman with investments in key sectors of […]
Luanda — The new airport of Mbanza Congo, capital of Zaire province, will soon start to be built in the commune of Nkiende II, following the public tender launched in 2019, in light of Presidential Decree 139/19 of July, Sociedade Gestora de Aeroportos (SGA) said today. The contract, awarded to Sinohydro Corporation Limitada – Surcusal […]
Plastic egg crates, plastic bags, fabrics, throw pillows, tissue paper, paper crates, cardboards, ceiling boards, block making additives, organic manure, farming implements such as machetes, hoes, and the list continues. This may look like products on offer from a conglomerate, but these are actually some of the by-products from the waste recycling programme of the […]