Angola – Windhoek Observer

08 Jul

MICRO continues to value diplomatic collaboration

ObserverNational NewsAngola, Ghana, India, International Relations and Corporation Netumbo Nandi-Ndaitwah, Nigeria, Qatar, Spain

Staff Writer The Minister of International Relations and Corporation Netumbo Nandi-Ndaitwah says Namibia values all its bilateral partnerships. Nandi-Ndaitwah said this today addressing members of the Diplomatic Corps accredited to Namibia at the annual diplomatic briefing. “For Namibia, these in-and-outbound trade missions took place to countries such as Angola, Ghana, India, Nigeria, Qatar, Spain, Switzerland and the United States of America, to mention but a few. We look forward to continue working with you, Your Excellencies on the trajectory of further strengthening economic ties between Namibia and your respective countries and how we can link up our private sectors who…

Telecom’s millions still stuck in Angola

ObserverObserver MoneyAngola, Mundo Startel, Telecom Namibia

Andrew Kathindi More than 16 years on, Telecom Namibia is still to recoup its millions invested in the failed Mundo Startel deal. Telecom then led by Frans Ndoroma, announced in 2004 that it had acquired a 44 percent stake in Angola’s Mundo Startel worth US$14 million (N$91 million at the time), in a bid to break into the Angolan market. The investment was a failure and in 2011 the company announced it was exiting the market and putting its 44 percent stake in Mundo Startel up for sale. The remaining 56 percent of the Angolan telecommunication company were owned by…

Dos Santos bank stake up for sale

ObserverObserver MoneyAngola

Staff Writer Angola's former first daughter Isabel dos Santos indirect stake in Bank BIC Namibia Limited is up for sale with other shareholders in the bank reportedly to keen to acquire the shares. Dos Santos who currently stands accused of theft, corruption and money laundering by Angolan authorities, is reported to be a majority shareholder in the banking concern, with a 42.5 percent shareholding. “We can confirm, however, that the shares currently held indirectly by Ms dos Santos are still for sale but how this is done is a matter for shareholders to decide,” Bank Bic said in response to…