Business

The Development Bank of Namibia (DBN), the Bank of Namibia, as well as Nedbank Namibia all confirmed positive Covid-19 cases this week. As a result, the banks have implemented measures to keep both their staff and clients safe from the pandemic.  DBN yesterday confirmed it will alternate staff at its offices to reduce the risk...

Professor Anicia Peters, Pro-Vice Chancellor: Research, Innovation, and Development at the University of Namibia (UNAM), this week said Information Technology (IT) should have been considered an essential service provider in the country.  Peters highlighted that the initial lack of recognition of the technology sector as essential service providers at the onset of the lockdown was...

Trade Union Congress of Namibia secretary general Mahongora Kavihuha said if the International Monetary Fund (IMF) approves the N$4.5 billion loan the government applied for, then it will be the end of Namibia’s economic independence. Kavihuha made these remarks on Wednesday during a press conference that took place at the union’s premises in Windhoek, where...

Figures from the latest Private Sector Development Survey (PSDS) 2019/20 indicated that almost half of the businesses in which turnover was slumped experienced a decline of at least 81%. Some 90% of the survey respondents said they suffered a loss of turnover while 30% of businesses experienced a decline between 91% and 100%, while another...

The CEO of the Namibia Training Authority (NTA), Jerry Beukes, has tendered his resignation after four years at the helm of the authority. This was confirmed in a statement by NTA board chairperson Amon Ngavetene, who said the resignation would be effective as of 30 September 2020.  Beukes, whose five-year contract would have ended on...

The NAMS/ISO 31000:2019 Risk Management Standard was officially gazetted as a Namibian Standard in January 2020.  In response to this announcement that Namibia accepted ISO31000 as the Risk Management Standard, Capricorn Group supported the Namibian Standards Institution (NSI) to carry out Risk Management Training for their employees. The one-day training session, facilitated by Capricorn Group’s...

The Office of the President yesterday held a planning workshop for the Economic Advancement chapter for phase 2 of the Harambee Prosperity Plan (HPP). The workshop was attended by key government officials responsible for implementing this chapter of HPP, and the outcome will be incorporated into the new policy framework.   According to the final report...

MTN Namibia and The GridOnline have taken the Namibian ICT sector a stride forward, as the parties signed their first commercial contract for bulk data transmission services. The GridOnline is a service offering by NamPower.  This significant event demonstrates another example of corporates consolidating efforts to propel the national and Southern African ICT sector forward...

CAPE TOWN – Supermarket giant Pick n Pay on Tuesday said 1 400 staff had accepted voluntary retrenchment packages and launched a broadside at the government over its ongoing ban on tobacco and alcohol sales as part of efforts to combat the Covid-19 pandemic. The company said while the retrenchments had been in the pipeline...