Business

We talk a good game as Namibians, but we are prone to not embracing real change.

the garment factory that was liquidated in 2014. At least 450 women who worked at the factory

According to the beneficiaries, lack of proper documentation is one of the barriers for their businesses to benefit from government initiatives during Covid-19 pandemic. 

Standard Bank has announced a decrease in its prime lending rate following the Bank of Namibia’s decision to trim the repo rate by 25 basis points from 4.00% to 3.75%. 

The Covid-19 pandemic has affected every country and economies in the world, the pandemic is without a doubt the single biggest event in world history since World War II.

Bank Windhoek recently installed its first cash deposit automated teller machine (ATM) at its Katutura branch in Windhoek.

The Bank of Namibia has made a financial contribution of N$70 million towards the implementation of the Small Medium Enterprise (SME) Financing Strategy, of which N$50 million will go directly toward the capitalisation of the Credit Guarantee Scheme. 

The Coca-Cola Foundation made a significant contribution to Namibia’s fight against Covid-19 by donating close to N$1 million to the Namibia Red Cross Association in recent months.  

The Olafika SME Development and Mentorship Programme, which kicked off on 1 July 2020 and is expected to run until April 2021 will see 155 entrepreneurs receiving virtual business training valued at N$1.8 million.

The spread of the Covid -19 pandemic across Africa has seen a surge in digital payments and e-commerce transactions as financial institutions scramble to offer businesses and consumers contactless ways of spending, borrowing and lending, as well as making payments.