Air Namibia formulates new business model

A new business model is being formulated for Air Namibia to ensure that the State-owned entity breaks even within three years. In a media statement issued on Friday Minister of Public Enterprises, Leon Jooste said the implementation of such a model could result in savings of around N$1 billion per year. Jooste was responding to […]

Corruption costs Africa US$150 million annually

Corruption in Africa is costing the continent about US$150 million annually according to a 2002 African Union report. It is for this reason that Finance Minister Calle Schlettwein is calling for drastic measures to prevent corruption saying that the millions lost can instead be used to finance institutions, development and reduce the constraints to doing […]