THERE have been fears of potential job losses at Namibia Breweries Limited (NBL) as the company migrates some of its beer production to South Africa. According to the Bank of Namibia’s (BoN) December 2014 Quarterly Bulletin, beer production decreased by 3.6 percent year-on-year mainly due to a shift in NBL’s production strategy from the first quarter of 2014.
Air Namibia has been accused of paying its absentee General Manager for Flight Operations Captain Chris Schroeder, an allegation that the airline has denied.
THE Government Institutions Pension Fund’s (GIPF) new Development Investment Policy will see the fund increase its share of investments into key sectors of the local economy.
GOVERNMENT’S decision not to hedge the US$500 million Eurobond in 2011 has proved costly to the country in light of the depreciation of the local currency, local economists have said.
THE Namibia Football Association has put its weight behind current FIFA president Sepp Blatter who will stand for a fifth term as leader of the world football governing body.