• September 25th, 2020

POSTS BY Maihapa Ndjavera

To contact the author and editorial staff send an email to newsroom@nepc.com.na

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SBN approves capital relief of N$1.4 billion

More than 97% of applications for credit relief, amounting to capital relief of about N$1.4 billion, received by Standard Bank of Namibia Holdings Limited (SBN) were approved for those clients impacted by Covid-19.

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Covid-19 closed global doors for diamonds 

The outbreak of the Covid-19 pandemic has shattered global demand for luxury goods, including Namibian diamonds. Kennedy Hamutenya, CEO of Namibia Dessert Diamonds (NAMDIA) said in the last quarter of the financial year, in mid-January, the diamond industry was severely impacted by the outbreak of the pandemic.

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Finance ministry paid out 96% of EIG applicants

The ministry of finance yesterday announced that about 96% of applicants benefited from the emergency income grant (EIG) that government initiated in April to assist the less privileged and vulnerable members of society from the devastating economic impact of Covid-19.