Business

The Ministry of Mines and Energy (MME) and the Namibian Broadcasting Corporation (NBC) on Wednesday entered into a Memorandum of Understanding for production and broadcasting services.

The Bank of Namibia (BoN) has projected growth in the manufacturing sector to slow down in 2020 and 2021. This is mainly due to being compared to a high base from 2019 that the central bank predicts will result in the sector to grow by 0.9% and 1.3% in 2020 and 2021, respectively.

Namibia joined the rest of the world to mark the first World Engineering Day at an event organised by the Engineering Council of Namibia (ECN).

The Export Processing Zone (EPZ) Act (Namibia) was implemented to meet the country’s industrialization goals. The policy is currently in the process to be phased out and replaced by the Special Economic Zone Act (SEZ) which might take another year before being fully implemented.

The International Air Transport Association (IATA) released data for global airfreight markets showing that African carriers posted the fastest growth of any region in January 2020. 

African governments still need to do far more to strengthen their cultures of governance, ethical and professional leadership.

Businesses that thrive during uncertainty are those that have eagle eyes to identify critical opportunities within their macro-economic environments. Internal positioning is one of the core critical elements that help organisations create competitive capabilities in order to navigate all economic volatilities.

The national rail services operator, TransNamib, recently successfully hosted its first annual general meeting (AGM) in seven years where it presented the government, as its sole shareholder, with an unqualified audit for the past financial year.

The prolonged recession that has gripped the domestic economy for the better part of the last three to four years is expected to be something of the past, as the International Monetary Fund (IMF) on Monday projected that Namibia will see positive growth in 2020 as the drought fades and mining production picks ramps up.

Air Namibia on Sunday confirmed the suspension of three of its senior managers with immediate effect. The suspensions, which took effect on Friday, 28 February were of Wimpie van Vuuren, senior manager: sales and  marketing; Johannes Blaauw, manager: cargo sales, and Abraham Nasab, manager: cargo operations.