Business

Most businesses in Namibia are facing two main challenges during this uncertain time of Covid-19.

Through numerous interactive efforts since March 2020 between Namibia Wildlife Resorts (NWR) and government as the sole shareholder, the latter availed N$40 million to NWR on 20 October 2020 for the 2020/21 financial year in Mid-Year Budget Review and Medium-Term Budget Policy Statement in support.

The Covid-19 pandemic has put an end to the ‘business-as-usual’ notion hence the increase in the need for innovation.

The Covid-19 pandemic has had a significant impact on Namibian households and overall affected both households and individuals in multiple ways.

The Namibia Airports Company (NAC) recently hosted a one-week computer-based training at the Namibia Institute of Public Administration (Nipam) in Windhoek for Namibian Police personnel deployed at Hosea Kutako International Airport and Eros Airport.

BETHANIE – Residents of Bethanie who for years have used salty water for household purposes will within the next ten months be able to savour the sweet taste of potable drinking water.

Credit relief extended to bank clients amounted to 8.9% of total industry loans and advances.

The Central Procurement Board of Namibia (CPBN) has labelled allegations of misconduct in awarding a contractor for the Omburu solar energy plant as “baseless, devoid of any truth” and “rejected with the contempt that it deserves”. 

The composite index of beverages, consisting of alcoholic and non-alcoholic beverages, recorded 79.5 basis points in August 2020, which is a decrease of 6.7% points and 44.3 percentage points when compared to July 2020 and August 2019, respectively.

The current global economic downturn due to the Covid-19 pandemic, climate change and climate variability has negatively impacted economies around the world, and Namibia is no exception.