Business

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.

The Development Bank of Namibia (DBN) is preparing measures to provide relief to borrowers in the wake of the Covid-19 pandemic, CEO Martin Inkumbi has confirmed.

“In these unprecedented times, it is important to stay focused and practice transcending actions through purpose, care and discipline. Collaboration amongst industry leadership and government has never been this phenomenal,” said O&L executive chairman and NCCI president Sven Thieme in a media statement issued on Wednesday. 

RMB Namibia, through the FirstRand Namibia Foundation Trust has donated N$500 000 to assist a Covid-19 emergency response programme directly targeting the informal settlements in Windhoek.