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Posts by Maihapa Ndjavera:
The Namibia Housing Enterprise (NHE) has put the construction of 366 houses in Walvis Bay on hold and availed the land to the council for the decongestion of the Twaloloka informal settlement. The closing date of the scheme was 31 July 2020 and about 41 092 employees applied, of whom 18 115 were rejected for not meeting the requirements. “Risks to domestic growth are dominated by ongoing travel restrictions and lockdowns in many countries, including Namibia, restricting business activities The Bank of Namibia has made a financial contribution of N$70 million towards the implementation of the Small Medium Enterprise (SME) Financing Strategy, of which N$50 million will go directly toward the capitalisation of the Credit Guarantee Scheme. According to the beneficiaries, lack of proper documentation is one of the barriers for their businesses to benefit from government initiatives during Covid-19 pandemic. The information and communication technology sector last year generated revenue of almost N$2.7 billion from about N$454 million invested, while 7 141 people are employed in the industry. The Meat Corporation of Namibia (Meatco) says it will focus more on the new markets, including US and China, where the returns are relatively competitive. Financially struggling Namibians have turned to micro-lenders for a quick fix to their money problems amid the Covid-19 pandemic. The Bank of Namibia (BoN) continues to ban dubious financial schemes operating in the country which, more often than not, prey on vulnerable Namibians during these tough economic times. Mobile Telecommunications Company (MTC) has rubbished allegations by a Keetmanshoop resident who accused the company of stealing and implementing his idea of simultaneously using more than one Aweh product. The Orano Mining Namibia last week donated food parcels at Spitzkoppe and Naman Pos to the value of N$110 000. The insurance industry in Namibia has recorded N$12 billion in free assets to date.