Business

The Bank of Namibia’s much-anticipated 21st Annual Symposium will take place this week Thursday, under the theme: Positioning Namibia to reap the benefits of the African Continental Free Trade Area (AfCFTA).

WALVIS BAY – Deputy minister of industrialisation Verna Sinimbo says they remain imperative for Namibia to continue focusing on expanding the services and manufacturing sectors if Namibia aims to be a fully industrialised nation by 2030 as both sectors account for more than two-thirds of the economy.

Minister of Finance Iipumbu Shiimi last week said to revive the domestic economy, the country’s public finances should be stable.

Agribank Chief Executive Officer, Sakaria Nghikembua, says there is a need for the establishment of development partnerships between organisations and institutions, both public and private as well as producers. 

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.