Business

The Bank of Namibia officially put the new N$30 commemorative banknote into circulation on Friday at an event held to mark the issuance of the note as a legal tender in the country. This means the new N$30 note banknote can now be used for the payment of goods and services alongside the current family of banknotes. 

A trending WhatsApp stokvel is on Bank of Namibia’s (BoN) radar and while the central bank is still determining whether the scheme is permissible under the relevant provisions of the Banking Institutions Act, it has cautioned the public to be careful in promoting or participating in such schemes.

Deputy Prime Minister and Minister of International Relations, Netumbo Nandi Ndaitwah has distanced herself from a fraudulent email being circulated.

The Pointbreak Money Market Fund has as its primary objective to provide money market returns with 24-hour liquidity, with capital preservation and liquidity taking precedence over the maximisation of yield.

The international rating agency, Fitch Ratings, has upgraded the National Long-Term Rating of the Namibian Ports Authority (NamPort) to ‘AAA’ with a stable outlook.

The recently-appointed TransNamib executive team departed on a four-day strategic workshop from 13 May 2020 to 16 May 2020 aboard the flagship TransNamib train – the Desert Express.

The Swanu youth league expressed concern that Namibia continues to rely on food being imported from other countries.

The Namibia Airports Company (NAC), like most other airport operators around the world, has over the past few weeks been inundated with requests for relief from various contractual obligations from different clusters of customers, ranging from concessionaires to airlines.

Minister of Mines and Energy Tom Alweendo will be joined by Executive Chairman of the African Energy Chamber NJ Ayuk on Friday, 15 May 2020, for a free webinar that will be hosted under the theme: ‘The Future of the Namibian Energy Industry’.

Leena Haivera is a 24-year-old female entrepreneur from Windhoek. The last article about successful entrepreneurs from Katutura I dedicate to her as an example that even really disadvantaged Namibians can make it independently of their background and drawbacks in business ventures that is if they are passionate and optimistic about their businesses.