Namibia: Latest News
Keren Mikva, 8:47 pm AFKI Original
Mc Bright Kavari created a niche for his firm, Classic Fashion, as an elegant and dramatic fashion brand in Namibia. Kavari uses modern African styles combined with European-style twists, and loves to bend the norm and explore unique and untried ideas. An African fashion reception is underway through Sept. 15 at African Union headquarters in Addis Ababa showcasing designers from across the continent. Top designers — one each from 30 African countries — will be represented.
Peter Pedroncelli, 7:10 am AFKI Original
The Johannesburg Stock Exchange is an indicator of how companies in South Africa are doing, with JSE stocks attracting shareholders who believe in the future and profitability of these businesses. Here are the 12 most popular JSE stocks that shareholders were buying during the last two months.
Sarah Duff, 12:23 am
While most most visitors to northern Namibia go on game drives in Etosha National Park, Onguma Game Reserve is also worth exploring. The 34,000-hectare reserve is home to cheetah, lion, leopard and black rhino and loads of buck. The guides who take you on game drives at Onguma are excellent, as are all the staff on the reserve, who go out of their way to make your stay as faultless as possible.
Ann Brown, 9:37 am AFKI Original
Namibian Beata Mandy Shemuvalula predicts youth development in Africa will be one of the top five profitable businesses. “We are always looking to evolve new ways to monetize old business models,” Shemuvalula told AFKInsider. Her company, Youthia, aims to empower youth entrepreneurs. It is not a charity. “How could we just talk about entrepreneurship? We had to do it ourselves,” she said. Shemuvalula was part of Obama’s Young African Leaders Initiative.
Staff, 1:56 am
THE Namibia Airports company yesterday said more global airlines have applied to fly into Namibia as part of the Bilateral Air Services Agreements. Addressing a media conference in Windhoek, the airports company’s chief executive officer Tamer El-Kallawi said among those whose applications are being considered are the Turkish, Kenyan and Emirates airlines. Namibia has already permitted Qatar, KLM Royal Dutch, Ethiopian and Condor airlines to fly into the country, although Air Namibia has expressed concern.
Lara Moses, 7:00 am
If you love fly fishing, then Semonkong Lodge in Lesotho is for you. With a selection of brown and rainbow trout in the Maletsunyane River, you can easily spend a whole day on the river banks trying to catch something. There is no fishing allowed between May 1 through Aug. 31, so this is good timing. A strict catch and release policy is in place. Southern Africa has amazing fishing spots, fish species, lodges and companies doing business on two oceans, numerous rivers and lakes. Here are some of the best fishing trips in Southern Africa.
He Hid In Namibia For 10 Years And Tried Self-Reform. US Judge Jails Israeli Fugitive For Securities FraudBy Dana Sanchez, 6:23 pm
Jacob “Kobi” Alexander returned to the U.S. from Namibia hoping for a plea deal. Prosecutors said he could easily “find his next Namibia” and a federal judge agreed, jailing him as a flight risk until his sentencing in December. While living in Namibia, Alexander paid back millions in fines to the U.S. He settled for $53 million with the SEC in one of the largest settlements ever in an options back-dating case.
Dana Sanchez, 11:38 am
Occupancy at the Victoria Island hotel and casino fell to 42 percent. Sun International isn’t the first South African company to clash with Nigerian authorities. Telecoms group MTN got a record-breaking multi-billion dollar fine. Nigeria is already in recession and it’s going to last a long time, an economist predicts. This month, South Africa reclaimed from Nigeria the title of Africa’s biggest economy due to appreciation of the rand and devaluation of the naira.
Dana Sanchez, 9:51 am
South Africa’s 17 percent sales decline in new auto sales in July is the biggest since 2009 at the height of the global economic recession. “Despite the rand’s recent strength, what we’re experiencing now are the after effects of the currency’s weakness in months prior,” a stakeholder said. Despite the overall decline, certain classes of vehicles have seen sales increase. Toyota and Volkswagen dominate passenger car sales in Namibia. Ford and Isuzu are also strong.
Keren Mikva, 1:52 pm
When it comes to the stuff bling is made of, Africa is enormously bountiful. Its mineral deposits make it one of the richest natural resource-laden places on Earth and everyone wants some. The following are the most mineral-rich African countries.
- Real Estate