In business this week

Namibia-Botswana rail back on track

“I have no doubt that our meeting today will further motivate the process of progressively, but practically implementing the March 2014 agreement”, said Transport and Works Minister, John Mutorwa in his opening statement during the Joint Ministerial Committee (JMC) meeting on the Trans-Kalahari Railway Line, Coal Terminal and Associated Facilities held in Gaborone earlier this month.

The March 2014 agreement, which refers to the Bilateral Agreement signed between Namibia and Botswana, followed the Memorandum of Understanding signed in July 2010 on the development of the Trans-Kalahari Rail Project.

The meeting sought to address critical areas identified at an earlier meeting this year: the commissioning of the Trans-Kalahari Railway Project Management Office and the full operation thereof, through the joint management of the two project coordinators – Namibia and Botswana to fully realise the Namibia – Botswana Rail Line.

Accompanied by the Walvis Bay Corridor Group, TransNamib and the Namibian Ports Authority, the Minister of Works and Transport met with his Botswana counterpart, Minister of Transport and Communications,  Dorcas Makgato who reiterated the importance of this agreement to come into full effect.

“Apart from the existing road network that Botswana has with her neighbours, the country only has one railway line connecting her to South Africa in the south and Zimbabwe in the northeast. This scenario needs to change and this project and other developments will enhance trade facilitation in the SADC Region”.

According to the Botswana Minister, the project is expected to provide improved distribution of regional traffic among corridors in Southern Africa, increased regional integration and international cooperation.


Bank Windhoek rewards northern estate agents

On Thursday, 29 August 2019, Bank Windhoek’s Annual Northern Estate Agents Awards ceremony capped Eveline Paulus, Roswitha Haingura and Helena Amunyela, as the top three northern estate agents at a glittering event hosted in Oshakati.

The trio achieved the recognitions for submitting loan business to Bank Windhoek ranging between N$5 million to N$25 million and above.

Paulus, who won gold, is the owner of Eveline Properties, while Haingura who walked away with the silver award, owns Haingura Real Estate. The bronze medallist, Amunyela, is the owner of FE Real Estate.

“My relationship with Bank Windhoek resembles a home. It is a partner that I can comfortably lean on in good and bad times. The bank has been very supportive and the service it provides is of the highest quality,” said Paulus.

Haingura praised Bank Windhoek and said that the bank is a professional financial institution that she is proud to be associated with it. Amunyela said that she is an estate agent because the profession is about not only selling properties, but also offering security and comfort to an individual and families. “Together with Bank Windhoek, we can change people’s lives for the better, by striving to help them achieve their dreams of owning a home,” said Amunyela.