Air Namibia gets N$500m loan guarantee
IATA’s cargo handling improvement programme to bolster trade efficiency
GENEVA – While the International Air Transport Association’s (IATA) 25by2025 campaign to address gender balance in civil aviation is gaining traction three months after its launch, with 59 airlines already having signed up, only two African airlines have committed to the initiative, namely Air Botswana and the Angolan airline, TAAG.
GENEVA - Similar to 2019 performance, African airlines are again expected to make a massive collective loss of US$200 million (about N$3 billion) in 2020 mainly due to structural problems of high costs mostly as a result of government taxes and fees as well as low load factors.
WINDHOEK - The Minister of Industrialisation, Trade and SME Development Tjekero Tweya this week confirmed he will soon introduce new poultry product import restriction measures aimed at supporting domestic production, which in turn will restrict the issuing of the import quotas.
WINDHOEK – The acting Minister of Fisheries and Marine Resources Albert Kawana has called upon all stakeholders in the fishing industry to work with him to ensure confidence is re-instilled in the industry and that jobs are created.
WINDHOEK – Close to 300 people who willingly gave their money to self-proclaimed forex trader Michael Amushelelo and his associate Gregory Cloete (who were arrested on October 10, 2019) are now asking the Bank of Namibia to refund their ‘investments’.
WINDHOEK – Following an announcement last week that government has shelved the Kudu Gas Power Plant project to consider cheaper sources such as renewable energy, the operator of the Kudu license BW Kudu has come out in defence of the development, saying the project “is alive and well”.
WINDHOEK - Government, through the Ministry of Finance, is actively seeking options to reinvigorate the role of financial sectors in supporting long-term productive investment that can enhance the ability of trade, technology and transnational companies to work for inclusive growth and development.
WINDHOEK – The finance ministry as well as that of sport, youth and national service, in conjunction with the Development Bank of Namibia (DBN) on Wednesday unveiled a N$138.5 million small and medium enterprise (SME) financing strategy, to commence on 1 December, specifically aimed at enabling the youth to start or expand their businesses.
WINDHOEK – Three straight years of negative growth of the Namibian economy is not making any positive contributions to the unemployment rate as businesses are more likely to retrench staff in the current economic climate than actually recruit new employees.
WINDHOEK - Taxpayers were yesterday informed that all penalties on their tax accounts will be waived as part of an incentive programme to encourage registration as e-filers on the Integrated Tax Administration System (ITAS) and to promote the continuous use of the online service.
WINDHOEK – The quality of corporate governance in public enterprises (PEs) is directly correlated to the performance of these entities. This was confirmed by Minister of Public Enterprises Leon Jooste yesterday at the first-ever National Corporate Governance Summit, which took place in Windhoek.
WINDHOEK – The Namibia Institute of Corporate Governance (NICG) is set to host the first-ever national corporate governance summit tomorrow, at Safari Hotel.
WINDHOEK – The risks to Namibia’s credit rating outlook are bound to increase considering last year’s fiscal developments coupled with the fact that government is unlikely to be able to consolidate this year’s budget deficit.
WINDHOEK – During a post-mid-term budget breakfast yesterday Finance Minister Calle Schlettwein reiterated a comment from his mid-term budget statement that Namibia still has significant discrepancies between the ‘haves’ and the ‘have nots’.
WINDHOEK - In some parts of the world, tailoring is regarded as pastime. Conversely, Fiina Malulu, considers tailoring to be an activity which may positively impact Namibia’s economy if her business concept is supported locally. Malulu, who is self-employed in the tailoring industry, is the owner of Fojarat Investment cc, a local business that designs, produces and repairs clothing for all Namibian age groups.
WINDHOEK – As Namibians grapple with one of the worst droughts in recent history, coupled with an economic recession going on three years now, there has been increased interest from consumers and businesses in installing waste water treatment facilities that can convert grey or black water into a useable product.