Business

Heineken South Africa (SA) experienced severe trade restrictions in South Africa, contributing to the Namibia Breweries Limited (NBL) to experience a significant downturn in business and a subsequent share of associate loss of N$76.7 million.

The Swakopmund municipality has sponsored 10 local entrepreneurs to the tune N$530 000 to enter a 12-month training programme with the support of the Dome facility.

Air Namibia has confirmed the resignation of its Chief Financial Officer Werner Schuckmann with effect from 30 September 2020.

The Ministry of Mines and Energy (MME) has refuted allegations in an article in a local newspaper, stating that fracking will take place in the Okavango Delta, and assured the public that all necessary environmental impact permits for the project are in place.

At just past six-o-clock in the morning yesterday the first commercial European flight arrived in Windhoek after the international travel ban was implemented in March this year.

Air Namibia has confirmed the resignation of its longest-serving spokesperson Paul Nakawa, who was head of corporate communications and stakeholder management. 

AMMAN – The International Air Transport Association (IATA) has called on governments in Africa and Middle East (AME) to implement testing as an alternative to quarantine measures when re-opening their economies. 

The Government Institutions Pension Fund (GIPF) has reassured its members and stakeholders that underlying companies and investments associated with fund manager, Baobab Capital, through its growth fund as a Special Purpose Vehicle (SPV), remain safe and sound. 

More than 97% of applications for credit relief, amounting to capital relief of about N$1.4 billion, received by Standard Bank of Namibia Holdings Limited (SBN) were approved for those clients impacted by Covid-19.

A true Namibian trailblazer in her own right, Nangula Uaandja was Namibia’s first black female chartered accountant and since then has amassed over 23 years’ experience in the auditing sphere.