The International Air Transport Association (IATA) urged governments in Africa and the Middle East (AME) to implement alternatives to quarantine on arrival that would allow economies to re-start while avoiding the importation of Covid-19 cases.
Business
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MTC launches TikTok bundles
MTC recently launched customised MTC TikTok Data Bundles, available for postpaid and prepaid customers on *682# from as little as N$5 for a 800MB daily bundle.
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Opinion – ICT is the catalyst for Namibia’s economic development
Namibia seems to be on the cusp of a major technological revolution; suddenly we have apps for everything, online payment systems and we are catching up to technological advancement that other countries have had for years.
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Breweries, union agree on zero wage increases and no bonuses
With retrenchments being an absolute last resort for Namibia Breweries Limited (NBL), the impact of Covid-19 on the business operations and sales resulted in no wage increases being paid for the company’s 2021 financial year, while no bonuses will be considered during 2020.
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Banking sector responds to interest rate concerns
The Bank of Namibia (BoN) has lowered the repo rate, a record of three times in the last four months since March 2020, in a bid to provide a much-needed relief from the adverse economic effects of the coronavirus pandemic.
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Bank Windhoek donates half a million to CAN
This year, taking the impact of Covid-19 into consideration, Bank Windhoek has decided to contribute N$500 000 to the Cancer Association of Namibia (CAN) under the Bank’s Cancer Apple Project, instead of selling apples to raise funds.
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NWR launches NamLeisure Corporate card
The Namibia Wildlife Resorts (NWR) has grown its NamLeisure offering by introducing a NamLeisure Corporate card.
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NSA embarks on second survey to determine virus impact on businesses
The Namibia Statistics Agency (NSA) has embarked on Round 2 of a survey to measure the prevalence and nature of adverse effects from Covid-19, experienced by selected businesses operating in Namibia during stage 2 and stage 3 of the virus lockdown during May to June 2020. This second round survey on the perception of businesses...
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GIPF invested close to N$45 billion in domestic economy during 2019
The Government Institutions Pension Fund (GIPF) invested close to N$45 billion in the Namibian economy during the 2019 financial year. Of this amount, investments worth N$5.6 billion have been committed in unlisted domestic sectors in Namibia. Figures from the recently released Fund’s 2019 annual report reveal that to date, N$1.5 billion was committed to infrastructure,...
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Unblocking financial relief bottlenecks critical for Africa’s air transport survival – IATA
As a consequence of the pandemic and associated restrictions, African airlines are forecast to lose US$2 billion in 2020. Without urgent financial relief, the International Air Transport Association (IATA) warns that the industry is at risk of collapse, putting about 3.3 million jobs and US$33 billion in African GDP in jeopardy. To date, the governments of...