Business

Botswana’s President, Mokgweetsi Masisi yesterday encouraged the Southern African Customs Union (SACU) Secretariat to consider sharpening collaboration with leading institutions relevant to its work.

Vivo Energy, the distributor and marketer of Shell branded fuels and lubricants in Namibia, rewarded high-performing truck drivers for the year 2019, at their Drivers Recognition Awards, during a ceremony held at the Protea Marriott Hotel in Walvis Bay. 

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.