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.
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2020-10-162024-05-06Business
Impact of repo rate cuts on local economy
Some of the measures governments have put in place during the Covid-19 pandemic include the cutting of repo rates to provide some short-term relief to borrowers.
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2020-10-162024-05-06Business
Buy local, minister urges
Industrialisation minister Lucia Iipumbu has commended local retailers for accommodating local produce on their shelves and thus contributing to the Buy Local, Grow Namibia initiative.
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2020-10-152024-05-06Business
Export demand set to pick up
Commentators believe demand for local major exports will likely increase as the country pins its hopes on international trade and world output to recover from a disastrous 2020.