Business

Despite an extremely challenging year for the Namibian economy coupled with the introduction of synthetic diamonds, Namib Desert Diamonds (Namdia) outperformed its target by an increase of 17% in gross profit compared to the previous financial year. 

Arandis Power has responded to environmental concerns raised regarding power plant driven by low sulphur heavy fuel oil through which it is has offered to supply South Africa’s Eskom with 120MW of electricity.

The Ministry of Labour, Industrial Relations and Employment Creation has confirmed that it will be training designated employers in all 14 regions of the country from today to 3 March 2020 on the Employment Service Act and the Namibia Integrated Employment Information System (NIEIS).

Green Enterprise Solutions (Green) and EstApp recently signed a memorandum of Understanding (MoU signalling the intention for Green to further develop EstApp’s real estate software application to ensure Namibians have all their real estate needs at their fingertips.

From the discussions during the recent 2020 Investment Summit, hosted by Nedbank Namibia and Simonis Storm, it is evident that deglobalisation is a structural transformation of the world economy and the risks thereof have not diminished.

Bank Windhoek last week announced its partnership with the Katuka Mentorship Programme. At the event, Bank Windhoek’s Head of Corporate Affairs Hayley Allen said empowering women who are in business is the reason for supporting the Katuka Mentorship Programme and it is the perfect fit for the bank. 

The National Environment Fund (NEF) of Botswana yesterday commenced with a benchmark study of Namibia’s Environmental Investment Fund (EIF) to attain suitable benchmarks for its own NEF. 

As the coronavirus pandemic continues to spread across the world and has now killed more people than SARS (Severe Acute Respiratory Syndrome), the disease is wreaking havoc on the Chinese economy and is severely disrupting global supply chains.

Etosha Fishing Corporation has confirmed the appointment of Nezette Beukes as its new managing director (MD), effective 1 January 2020. Beukes previously held the position of financial director in the company from 2015 and has been acting in the position of MD since the resignation of its former MD Pieter Greeff in December 2018. 

PowerCom Pty Ltd has commenced with the planned tower construction in Walvis Bay Extension 17. A recent ground-breaking ceremony confirmed the tower’s commencement as well as the company’s infrastructure CAPEX investment rollout for 2019/2020, which seeks to increase the company’s footprint and asset base to best service ICT players and offer last mile connectivity.