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Author: Typesetter

Namibia lifts moratorium on new uranium exploration applications

Xinhua – The Namibian government this week announced the lifting of a 10-year moratorium on new applications for exploration licences on nuclear fuel minerals. The Ministry of Mines and Energy announced in a statement that it is withdrawing the reservation of any area in Namibia from any prospecting and mining operations in respect of nuclear fuel minerals. The ministry did not give reasons why the moratorium had been lifted. This came almost a year after the Namibian Minister of Mines and Energy Obeth Kandjoze made a submission to Cabinet requesting to approve the removal of the moratorium. The Chamber...

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Talent development candidates off to SA for proper bank induction

Monika Amukoto, Peter Amon, Abraham Ingo and Hileni Nehale are four Namibian graduates who joined FNB Namibia with stars in their eyes to follow a career in banking. The foursome left for South Africa where they will join other graduates in the group in its Young Talent Development programme. The programme, consisting of induction and training in a range of banking modalities, covers the banking environment extensively. It covers a full year with the four gradauates scheduled to return to FNB Namibia only at the end of this year. The training is done at the FirstRand headquarters in Johannesburg....

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German private sector enticed to bring investments and skills to the African continent

FRANKFURT – Africa is a priority for the German government in 2017 as it holds the G20 presidency, stated the Germany Africa Business Forum this week when it announced that Germany will host the first ever private event dedicated to strengthen trade and investment ties between Germany and the African continent. The Germany-Africa Business Forum (www.GermanyAfrica.com), which will take place on 23 March 2017 in Frankfurt. The event capitalizes on a wave of interest taken by the German government and private companies to increase their engagement with African countries. When the German Chancellor visited Africa in October last year,...

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Deciding on the best investment

By Diederik Kruger Head: Funding and Liquidity Management. A new year brings new possibilities. It is the time of the year when people are well rested and have the time to do some forward planning. It is therefore the perfect time to evaluate your savings and investment plans. Term of the investment It is important to consider the recommended investment period for an investment. Many of the market linked investments recommend a three to five year investment horizon because market fluctuations in the short term can affect the return on your investment. Similarly, when we look at term deposits,...

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The Threat To Global Banking Standards

By Howard Davies, Chairman of the Royal Bank of Scotland. LONDON – The financial crisis of 2008 gave a big boost to the global standard-setters. Suddenly, the Basel Committee (which sets the standards for international banking supervision) was leading the financial news. Dinner parties in Manhattan and Kensington were consumed with the finer points of Basel II and the evils of procyclical capital requirements. Governments that had been suspicious of international interference were eager for tougher global rules to prevent banking crises from spilling across borders and infecting others, like bouts of Asian flu. The concrete consequences of this...

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Worldwide tourism keeps growing despite setbacks

Demand for international tourism remained robust in 2016 despite challenges. International tourist arrivals grew by 3.9% to reach a total of 1,235 million, according to the latest UNWTO World Tourism Barometer. Some 46 million more tourists (overnight visitors) travelled internationally last year compared to 2015. 2016 was the seventh consecutive year of sustained growth following the 2009 global economic and financial crisis. A comparable sequence of uninterrupted solid growth has not been recorded since the 1960s. As a result, 300 million more international tourists travelled the world in 2016 as compared to the pre-crisis record in 2008. International tourism receipts grew at a similar pace in this period (complete 2016 receipts results will be reported in May). “Tourism has shown extraordinary strength and resilience in recent years, despite many challenges, particularly those related to safety and security. Yet, international travel continues to grow strongly and contribute to job creation and the wellbeing of communities around the world”, said UNWTO Secretary-General Taleb Rifai. By region, Asia and the Pacific (+8%) led growth in international tourist arrivals in 2016, fuelled by strong demand from both intra- and interregional source markets. Africa (+8%) enjoyed a strong rebound after two weaker years. In the Americas (+4%) the positive momentum continued. Europe (+2%) showed rather mixed results, with double-digit growth in some destinations offset by decreases in others. Demand in the Middle East (-4%)...

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Bridgestone – world largest tyre manufacturer hits brick wall in SA

Japanese tyre maker Bridgestone has come out in support of legal action by the Brits Industrialists Association (BIA) against the Madibeng Municipality in South Africa’s North West Province. Bridgestone alleges its Brits tyre plant is one of the factories to which electricity was unlawfully disconnected by the municipality last week. Brits is a small farming and industrial community about 50km from Pretoria. It used to be a hub of manufacturing including international giants such as Alfa Romeo, until politics scuttled its potential. Bridgestone’s massive tyre production facility employs more than 800 people and was shut down from midday on...

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How to take your business to the next level

  The Professional Speaker Association of Namibia (PSAN) is starting the year with a big splash. Next week Wednesday 25 January 2017, four highly rated international speakers will be in Windhoek for a Speakers Conference targetting the private sector and the government. Accomplished international speakers Dr Mark Manley, Fredrik Haren, Hano Jacobs and Dr Gustav Gous come together for this first of a kind Namibian conference where the focus is on “Taking your business to the next level.” The afternoon session will be moderated by local speaker and coach, Sam Shivute of the Bank of Namibia. About Fredrik Haren...

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