THE future of Namibia’s international trade continues to be bleak even as the country’s delegates trooped to the African Growth and Opportunity Act (Agoa) Summit in Nairobi this week to table their grievances before United States Secretary of State, Hilary Clinton.
AUSTRALIAN company, Extract Resources, announced this week that it would channel at least N$5.5 billion (US$704 million) towards the development of its Rössing South project in Namibia, a move that could make Australia the biggest player in the Namibian uranium sector.
A research done by the Edge Institute titled Namibian Interconnection Benchmarking Study released in June this year, says Cell One has more reasonable retail rates in the country.
THE Bank of Namibia (BoN) has donated over N$2 million to the University of Namibia (Unam) business school as part of its contribution towards the development of the school established 10 years ago to try to meet the country’s market needs for qualified business professionals.
NAMIBIA’S largest diamond miner, Namdeb insists that government should grant it a royalty waiver because its financial position remains shaky despite record sales in 2008 and green shoots of recovery in the diamond market.