Business

The Bankers Association of Namibia (BAN) has provided further clarity to customers on the case-by-case funding relief, which is handled according to each bank’s respective rules. “It is important to clarify that monthly payments will not be waived altogether but will only be moved out for a limited period of time,” said Sarel van Zyl, current chairperson of BAN.

Huawei recently released its 2019 Annual Report detailing a solid business performance. The company’s global sales revenue in 2019 rounded off at CNY858.8 billion, up 19.1% year-on-year; its net profit reached CNY62.7 billion; and its cash flow from operating activities topped CNY91.4 billion, up 22.4% year-on-year.

For thousands of years it was only a privilege of a few people to learn reading and writing. Lack of this knowledge was a tool, like the whip in slavery, to oppress the masses, in particular girls and women. Luckily, this has changed in most parts of the world including Namibia. 

The free reconnection of unpaid water for Windhoek residents will cost the city N$8.9 million, City of Windhoek Chief Executive Officer Robert Kahimise announced on Monday.

After much speculation about the upcoming tabling of the national budget, newly appointed finance minister Ipumbu Shiimi has confirmed the 2020/21 Appropriation Bill will be delayed until further notice. 

Preparations have kicked off for Namibia’s biggest biomass event of the year, with Standard Bank committing to be the main sponsor. 

The Skorpion Zinc mine and refinery in southern Namibia has confirmed it will be placed in care and maintenance in April 2020, which will affect about 1 500 employees.

The Namibia Financial Institutions Supervisory Authority (Namfisa) has encouraged the public to adhere to all public notices issued by government in relation to Covid-19 and to contact their medical aid funds for clarity on their benefit option limits. 

Petrol prices will come down by a whopping N$1.70 per litre and diesel will decrease N$1.20 per litre on 1 April 2020 as global demand for the oil wanes in the face of the crippling impact of the Covid-19 outbreak. 
The massive drop in local oil prices was announced even as the local currency depreciated against the United States greenback. 

Ethiopian Airlines, the Pan-African carrier, has delivered medical supplies donated by Jack Ma, the founder of China’s e-commerce giant Alibaba, to 39 African countries within five days.