Business

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.

Following what was described as a successful and fruitful negotiation process, Ohlthaver & List (O&L) Group subsidiary, Hangana Seafood, last week signed a new recognition and procedural agreement for Hangana Abalone based in Lüderitz, with the Namibia Food & Allied Workers Union (Nafau).

NamPost yesterday confirmed that the Walvis Bay post offices will be temporarily closed due to possible exposure to Covid-19. 

The Namibia Airports Company expects a gradual reopening of borders to selected countries and normal flight schedules are expected to resume.