Business

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.

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. 

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.

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.

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. 

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.

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.

Immanuel Mulunga has been re-appointed as the managing director of the National Petroleum Corporation of Namibia (Namcor).

he mines and energy ministry has decided to provide some relief to motorists during October by decreasing diesel pump prices countrywide

This drastic and unexpected economic slump on Namibian households is undeniable as many businesses closed, leaving many people unemployed and even more with significantly reduced salaries.