Business

The Bankers Association Namibia (BAN) on Friday confirmed that Letshego Bank Namibia has assumed the chair of the industry body.

Namibia Wildlife Resorts (NWR) board of directors has appointed Dr Matthias Mpareke Ngwangwama as the company’s substantive managing director. The appointment is effective as of 1 April 2020 for a tenure of five years.

The Sanlam Group yesterday reported solid results in the four months to 30 April despite challenging investment market conditions caused by the global impact of the coronavirus. 

A major player in Namibia’s fishing industry, Hangana Seafood, which is a subsidiary of the Ohlthaver & List (O&L) Group, recently completed the refurbishment of one of its vessels, set to depart on her first voyage next week.

BEE Biofuel’s owner, Bruce Salt, a Namibian entrepreneur, has stepped up to meet one of the principal needs during the global pandemic.

Following the launch of the MTC ‘Paint Namibia Blue’ Project in March 2020, Omaruru, Okakarara and Omuthiya towns were amongst the latest beneficiaries of the MTC Paint Namibia Blue Project, with a new fresh coat of paint dotted on some of the town’s landmarks.

The FNB House Price Index posted a contraction of 5.9% y/y at the end of March 2020 compared to a contraction of 1.5% recorded over the same period of 2019. 

In support of social distancing measures and to combat the spread of Covid-19, Bank Windhoek, in partnership with the Namibia University of Science and Technology (Nust) and B360 Education Partnerships, have decided to host an online Career Starter programme.

Some of the sectors hardest hit by the Covid-19 pandemic in the Namibian economy are tourism, transport and logistics as well as education, areas all of these areas will require much-needed government intervention to recover.

President Hage Geingob and his administration have been commended by a local economics lecturer for the Harambee Prosperity Plan’s (HPP) overall goals and outcomes execution rate of 70%.