Business

The unprecedented and uncertain times we are facing during the corona virus pandemic requires extraordinary collaboration at multiple levels in society, both globally and nationally, to successfully combat the severe threat which the pandemic poses to our way of life.

The Ministry of Finance has clarified that people receiving social grants on behalf of others, such as orphans or vulnerable children and other relatives, do not qualify for the Emergency Income Grant (EIG). The finance ministry this weekend explained that the EIG system does not allow for double benefits for any person whose ID number is registered for any sort or social grant and those who will attempt to apply will be declined.

The Mineworkers Union of Namibia (MUN) is accusing some mining houses in the country of taking advantage of the current vulnerability during the Covid-19 pandemic by victimising workers in the form of retrenchment. 

The Covid-19 pandemic is affecting all sectors of the global economic ecosystem and the tourism and hospitality sector will experience the most severe impact.

Letshego Namibia Holdings Ltd, the country’s largest micro-lender and a subsidiary of the 11-market strong Letshego Group, is taking proactive steps to support its customers through emerging economic challenges

The Ministry of Finance has commended collaborating institutions for volunteering their services to implement the recently-announced multi-faceted economic stimulus and relief package.

The National Housing Enterprise (NHE) has responded to the call for action to assist the nation towards combating the spread of Covid-19 in the country by allocating N$200 000 to the cause.

While the Covid-19 pandemic has literally brought the world and every nation to a halt, not knowing where your next meal comes from, remains a stark reality for many.

As the Coronavirus sweeps the globe, so do rumours about what caused it or how it is spread. One such rumour that has gained steam online is that MTC has secretly installed 5G towers while the Khomas and Erongo regions are on lockdown. 

Namibia’s external debt stock declined by 4.1% to N$31 billion at the end of 2019. This was confirmed by the central bank in its latest annual year report for 2019.