The outbreak of the Covid-19 pandemic has shattered global demand for luxury goods, including Namibian diamonds. Kennedy Hamutenya, CEO of Namibia Dessert Diamonds (NAMDIA) said in the last quarter of the financial year, in mid-January, the diamond industry was severely impacted by the outbreak of the pandemic.
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2020-09-162024-05-06Business
Annual inflation slows down to 2.4%…pushed down by housing, water, electricity, gas and other fuels
The monthly inflation rate for August 2020 stood at 0.4%, which is an increase of 0.2 percentage points when compared to 0.2% recorded during July 2020.
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2020-09-152024-05-06Business
Old Mutual concludes regional food outreach
Old Mutual delivered food parcels in the Omaheke and Kavango West regions on Friday 11 September 2020, benefitting a total of 380 households and valued close to N$69 000 and N$60 000 respectively.
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2020-09-152024-05-06Business
Shortage of funds no excuse for infrastructure deterioration – Mutorwa
Minister of Works and Transport, John Mutorwa, has cautioned that while there is a lack of funds for many important projects, particularly as the country faces the daunting challenge of the Covid-19 pandemic, this is no excuse for the dilapidation of crucial infrastructure.
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2020-09-142024-06-21Business, International
Namibia records N$3.5 billion deficit for July
In July 2020, Namibia recorded a trade deficit of N$3.5 billion, after the country’s exports stood at N$5.9 billion and imports at N$9.4 billion.
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2020-09-142024-05-06Business
FirstRand profit before tax down to N$1.21 billion
The greatest health threat of a generation that has impacted every single economy in the world, the global Covid-19 pandemic, was the main reason that FirstRand Namibia’s profit before tax decreased by almost a quarter (23.7%), from N$1.58 billion in 2019 to N$1.21 billion this year.
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2020-09-112024-05-06Business
Air cargo faces largest single challenge ever…advance planning needed to distribute sensitive vaccines
The time is now for governments and aviation industry stakeholders around the world to start planning for the massive task of distributing a Covid-19 vaccine for if and when it becomes available.
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2020-09-102024-05-06Business
Finance ministry paid out 96% of EIG applicants
The ministry of finance yesterday announced that about 96% of applicants benefited from the emergency income grant (EIG) that government initiated in April to assist the less privileged and vulnerable members of society from the devastating economic impact of Covid-19.
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2020-09-102024-05-06Business
RA rubbishes poor workmanship on coastal road
The Roads Authority (RA) has rubbished a photograph making the rounds on social media depicting an old bridge near Henties Bay currently undergoing rehabilitation.
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2020-09-102024-05-06Business
Ethanol traders required to register as imports soar
The Ministry of Finance has reminded all importers, manufacturers and distributors that Ethyl Alcohol (ethanol) must be classified under the Harmonised System Code Heading or Tariff Item and that payment of excise duty on the substance must be made.