Through the Southern African Development Community (SADC) trade-related facility, the industrial upgrading modernisation plan (IUMP) is expected to inject around N$8 million into Namibia’s informal economy.
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2020-10-072024-05-06Business
Individuals could lose valuable assets through illegal schemes
The Deputy Director of Policy and Regulations at the Bank of Namibia, Elifas Kamati, cautioned the public that they may lose their assets from financial institutions if they borrow money to partake in the now common illegal financial schemes.
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2020-10-062024-05-06Business
Pandemic forced business registration down by 36%
Covid-19 brought many activities in the world to a standstill and had many negative effects on various business operations.
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2020-10-062024-05-06Business
Jooste tells new boards not to abuse positions
Minister of Public Enterprises, Leon Jooste encouraged new board members at the Namibia Airports Company and NamPower to at all times act honestly in the performance of their functions.
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2020-10-062024-05-06Business
Double-digit drop for sectors in Q2
Double-digit reductions were recorded in some sectors of the domestic economy for the second quarter of 2020. Hotels and Restaurants recorded the highest decline of 64.2% compared to a growth of 12.3% of the same quarter of 2019.
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2020-10-062024-05-06Business
Covid-19 caused more damage than expected – IMF…real global output to contract by 4.9%
The global economy is expected to suffer a deeper contraction this year than previously thought, as the pandemic and lockdowns devastated markets before it recovers in 2021.
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2020-10-052024-05-06Business
Ethiopian Airlines unveils Covid-19 Global Insurance Cover
Ethiopian Airlines Group, the largest aviation group in Africa, has confirmed that it will cover the medical insurance, including repatriation, evacuation and quarantine costs, related to Covid-19 as of 01 October 2020 until 31 March 2021.
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2020-10-052024-05-06Business
Bank Windhoek to host online event on smart-agri practices
Bank Windhoek, in collaboration with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the Namibia Nature Foundation (NNF), and Namibian Organic Association (NOA), will host a two-day online agricultural event, on Wednesday and Thursday, 7 and 8 October 2020.
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2020-10-052024-05-06Business
Namibia registered N$5.1 billion surplus on current account
Namibia registered a surplus on the current account during the second quarter of 2020, mainly due to a merchandise trade surplus and an increase in secondary income inflows.
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2020-10-052024-05-06Business
4.5 million African jobs at risk due to Covid-19 and travel restrictions
The International Air Transport Association (IATA) warned that the damage being done to the African aviation industry and on economies by the shutdown of air traffic owing to the Covid-19 pandemic has deepened.