Business

Last week Nedbank Namibia hosted an information sharing session for local businesses in need of financing specifically aimed at sustainable and green projects. At the event, participants heard firsthand how they could make use of the funding available to green their operations or start a climate-friendly business project.

Over the past 10 plus years the national rail services operator, TransNamib, has incurred losses of more than N$1 billion but these financial misfortunes may soon be turned around as relatively new CEO, Johny Smith, aims to bring the parastatal into profitability within the next two years.

Capricorn Group partnered with the Ministry of Finance to carry out a two-day risk management workshop on 2 and 3 March 2020. The training was facilitated by the group’s Business Risk Officer, Horst Simon. 

About six months after the completion of Namport’s new N$4.2 billion Walvis Bay container terminal, the port authority says it has been receiving enquiries from potential clients who are eager to move business through the new terminal.

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.