Business

In response to the confirmed Covid-19 cases in Namibia and the directives issued by the government and head of state, NamPost has implemented preventative measures as part of its overall action plan to protect the health of staff and clients throughout the country. As part of preventative measures, there will be restrictions on the number of clients in the post office dependent on the post office lay-out and size and customers will be requested to keep a distance of at least a metre as directed by the Ministry of Health and Social Services. 

Namibia’s national postal operator, Namibia Post Ltd (NamPost) provides service solutions through its postal, banking, courier, philately, agency and money transfer services. As one of the most stable and best performing public institutions, 
NamPost recently inaugurated a new logistics centre in Windhoek to improve operational efficiencies for its courier services.

In response to Namibia’s first confirmed coronavirus (Covid-19) cases, Bank Windhoek has implemented preventative measures as part of its overall action plan to ensure the health and safety of its staff and clients at all its branches and departments countrywide. 

Certain national developmental agendas can only be achieved through public education and some of the crucial issues pertaining to this, according to the Bank of Namibia, are policies related to fees and charges at banks and financial institutions. Director of Payment and Settlement Systems at the central bank, Barbara Dreyer, said that access to affordable financial products and services is a key driver for economic development. 

The Government Institutions Pension Fund (GIPF) is aware of the outbreak of the coronavirus (Covid-19) and has taken the necessary precautions to protect its staff members by encouraging them to practice best hygienic methods such as washing their hands with soap regularly, applying alcohol-based hand sanitisers and wearing of protective gear such as masks and gloves where necessary.  

MTC is set to create temporary employment opportunities for artisans in all 14 regions when it embarks on its project to paint Namibia blue.

Businesses in the country are adhering to the call of President Hage Geingob on the suspension of mass gatherings for at least 30 days. This after Namibia confirmed two cases of coronavirus last week. Most events that were scheduled for April including expos and graduation ceremonies are now postponed.

The FNB House Price Index stood at -4.7% y/y as at December 2019 compared to 0.5% y/y recorded over the same period of the preceding year. On a quarterly basis, the house price index growth has averaged -5.1% y/y in Q4 of 2019 compared to -2.4% y/y realised over the same period of 2018.

Well-known Namibian company, Trustco, has implemented various measures to mitigate against the coronavirus disease to keep staff and customers at its local, continental and international operations as protected as possible from the pandemic that shook the world the past few days.

Given the current world events and the WHO declaring the Covid-19 outbreak a pandemic, local economists are sharing their views and the expected impact of the Covid-19 on domestic, regional and global markets.