The nominal value of the building plans completed during August 2020 increased substantially to N$450.2 million compared to N$369 million recorded in July 2020.
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2020-10-212024-05-06Business
International reserves decline due to Covid-19 expenditure
Namibia’s stock of international reserves held by the Bank of Namibia (BoN) decreased both on an annual and quarterly basis at the end of the second quarter of 2020.
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2020-10-202024-05-06Business
On the spot – Embracing change with Llewellyn le Hané
Information and communication technology (ICT) around the world are continuing to evolve at a speed that seems to be increasing exponentially and this evolution is more evident now that many companies have realised, after the Covid-19 lockdowns, that more and more employees can efficiently work from home.
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2020-10-202024-05-06Business
Programme for SME rescue and recovery support
The Namibian private sector, specifically small medium enterprises (SME), is eligible to receive targeted support to cushion the economic impact on business losses by pitching for recovery grant scheme through the German development agency, GIZ.
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2020-10-202024-05-06Business
Major losses for Namibia if new EPA is not ratified…millions stand to be lost in exports
It is imperative for Namibia to ratify the Southern African Customs Union (SACU), Mozambique and United Kingdom (UK) Economic Partnership Agreement (EPA) as soon as possible to ensure the country continues to benefit from duty free and quota free trade with the UK after December 2020.
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2020-10-192024-05-06Business
FlyWestair and SA Airlink connect Namibia to SA
Namibia’s private airline FlyWestair along with South Africa’s Airlink will this week connect Namibia to South Africa following the opening of the International travels between the two neighbours.
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2020-10-192024-05-06Business
Ethiopian Airlines to source food from local farmers
Ethiopian Airlines and the United States announced a new partnership agreement that will enable the flagship carrier to source locally grown produce and ingredients for preparing in-flight meals for global passengers.
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2020-10-192024-05-06Business
Shiimi urges Agribank to offer supportive interest rates
Minister of Finance, Iipumbu Shiimi last week urged the Agricultural Bank of Namibia at its annual general meeting to offer supportive interest rates to its clients but added that this should be in line with market practices.
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2020-10-192024-05-06Business
Diversification needed, cannot rely on agriculture alone – Likukela
Government should not pin all hopes of an economic reform and recovery on the agriculture as this sector is more exposed to numerous challenges.
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2020-10-162024-05-06Business
Manage your money better
The Bank of Namibia’s latest economic outlook expects the Namibian economy to fall into a deeper contraction during 2020, mainly due to the devastating impact of Covid-19 across all sectors.