Business

IATA’s cargo handling improvement programme to bolster trade efficiency

GENEVA – While the International Air Transport Association’s (IATA) 25by2025 campaign to address gender balance in civil aviation is gaining traction three months after its launch, with 59 airlines already having signed up, only two African airlines have committed to the initiative, namely Air Botswana and the Angolan airline, TAAG. 

WINDHOEK – Namibia Desert Diamonds (Namdia) yesterday declared a dividend of N$80 million to the government.

WINDHOEK – The Grove Mall of Namibia has announced a step in a new direction, including making slight changes to its name, while sporting new colours.

GENEVA - Similar to 2019 performance, African airlines are again expected to make a massive collective loss of US$200 million (about N$3 billion) in 2020 mainly due to structural problems of high costs mostly as a result of government taxes and fees as well as low load factors.

WINDHOEK - Namibia Wildlife Resorts (NWR) and Namibia Public Workers Union (Napwu) have announced the finalisation of their revised recognition agreement that follows the recent 2018/2019 wage negotiations that were successfully concluded by the two parties in September 2019.

WINDHOEK – Economic performance in the Southern African Customs Union (SACU) remains subdued, with most countries projected to grow by between 0.5 percent and 4.2 percent in 2019.

WINDHOEK - Local consumers were granted some marginal relief when the Monetary Policy Committee (MPC) of the Bank of Namibia (BoN) yesterday confirmed that the repo rate will remain unchanged at 6.50 percent. 

WINDHOEK - The Minister of Industrialisation, Trade and SME Development Tjekero Tweya this week confirmed he will soon introduce new poultry product import restriction measures aimed at supporting domestic production, which in turn will restrict the issuing of the import quotas.

WINDHOEK - Single men are now the fastest growing group of home owners, accounting for 42 percent of total home transaction volumes.