Business

Chairperson of Namibia’s 14 Labour Advisory Council (LAC) Tuli-Mevava Nghiyoonanye has indicated that the transitioning of the country’s informal economy to a formal one is expected to be a priority on the LAC’s agenda during its current tenure.

The Forum for Expert on Social Protection recently held a webinar on the ‘Impact of Covid-19 on the Informal Economy in Namibia’.

As of Monday 13 July, the Namibia financial services sector will boast three managing directors of local banks as Nedbank Namibia on Friday confirmed the appointment of Martha Murorua as its new managing director (MD).

Cabinet has directed the Ministry of Finance to establish an Inter-Institutional Team to finalise details for the establishment of a Sovereign Wealth Fund for Namibia, according to a Cabinet briefing shared by ICT Minister Peya Mushelenga.

Vivo Energy, the pan-African retailer and distributor of Shell fuels and lubricants, in partnership with Baobab Khulisani, have agreed to form a new joint venture, trading as Synergy Foods (Pty) Ltd.

While informal sector trading is a legitimate option for many Namibians to defy poverty, operating in this largely unregulated economy became exponentially more difficult when Covid-19 lockdown measures were imposed in March.

Mobile Telecommunications Limited (MTC) says it is fighting tooth and nail to curb scams while cautioning customers to be vigilant and avoid becoming victims at the hands of unscrupulous scammers. 

In April, during the national lockdown, Bank Windhoek’s Customer Contact Centre agents Fillemon Mathias and Celly Serogwe went beyond the call of duty to assist Jacobus Blaauw, a senior Bank Windhoek customer in his early 90s – a resident of Susanne Grau Heim old age home situated in Windhoek West.

As part of the global family the GIPF has joined hands with national institutions in combating the Covid-19 pandemic that is affecting societies worldwide.

PowerCom, a leading ICT infrastructure provider in the country, has completed four transmission towers at the coast and an additional tower in Rehoboth.