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.
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2020-08-212024-05-06Business
Coca-Cola Foundation fights Covid through Red Cross
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.
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2020-08-212024-05-06Business
Olafika injects N$1.8m into SME mentorship programme
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.
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2020-08-212024-05-06Business
African banks under pressure to accelerate digital transformation
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.
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2020-08-212024-05-06Business
NHE halts construction to avail land to Twaloloka
The Namibia Housing Enterprise (NHE) has put the construction of 366 houses in Walvis Bay on hold and availed the land to the council for the decongestion of the Twaloloka informal settlement.
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2020-08-202024-05-06Business
Katjaerua assumes the helm of the bankers association
Katjaerua has several years of experience at FirstRand Namibia, having been their group legal advisor/company secretary, heading up First National Bank of Namibia home loans department,
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2020-08-192024-05-06Business
Fraudsters trying to cash in on pandemic
Fraudsters are using the Covid-19 pandemic as an opportunity to defraud unsuspecting and vulnerable members of the public out of their hard-earned cash.
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2020-08-192024-05-06Business
Covid-19 business closures and cancellations
As the pandemic continues to wreak havoc on local business operations, head offices and branches of local institutions are forced to close down temporarily due to staff testing positive of Covid-19.
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2020-08-192024-05-06Business
Ohlthaver & List Group goes international
Namibia’s largest private group, the Ohlthaver & List (O&L), has acquired the majority stake in Cronimet Mining Power Solutions GmbH, which is a German-based renewable energy project development focusing on engineering, procurement, construction, investment and asset management
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2020-08-192024-05-06Business
Mining generated N$33.5 billion in 2019…of which N$4.8b went to govt coffers
The mining industry generated N$33.524 billion in 2019 with total revenue paid to government totalling N$4.803 billion, of which 10% was distributable cash.