Business

Presenters at the Africa Diamond Conference webinar last week assured industry players that synthetic diamonds will continue to grow exponentially, especially in terms of the volume but not so much in terms of value.

Prolonged Covid-19 restrictions in the Erongo region created an existential crisis not only for locally owned businesses but the entire Namibian economy. For this reason, Deputy Minister of Industrialisation and Trade Verna Sinimbo called upon all agencies tied to her ministry to drive the revival of the local economy and truly realise the concept of #BuyLocal #GrowNamibia.  

Parent company of Bank Windhoek Capricorn Group on Wednesday this week suspended its sales manager Riaan van Rooyen, following the revelation of an alleged racist social media posting.

Almost N$4.4 million was paid out to communal conservancies and farmers in communal areas during 2019 through the Human-Wildlife Conflict Self-Reliance Scheme for livestock losses, crop damages and loss of human life or injury to humans.

The Ministry of Mines and Energy yesterday confirmed that fuel pump prices for November 2020 will remain unchanged countrywide

“We are officially 100 years today! What an adventurous journey it has been for our business!,” stated an excited Marco Wenk, Namibia Breweries Limited (NBL)     managing director (MD) on the centennial of the country’s most loved brewing company that officially turns 100 today. 

Minister of Defense and Veteran Affairs Peter Vilho last week stated that the Veteran’s Housing Programme is on hold until 2022/2023 due to a lack of funds to continue with housing delivery.  

The Minister of Labour, Industrial Relations, and Employment Creation, Utoni Nujoma, has urged for increased focus on the implementation of international labour standards and good practices in Namibia.

Revenue generated by the Electricity Control Board (ECB) during 2019/20 financial year amounted to N$93.7 million, representing an increase of 4.8% from the N$89.4 million recorded in the previous financial year.

The Ministry of Public Enterprises (MPE) as the custodian of good governance in Public Enterprises (PE) will be hosting a two-day PE Board of Directors Induction Training scheduled on 29 and 30 October 2020 at the Namibia Institute for Public Administration and Management (Nipam).